Automotive Glass Market Research Report
Automotive Glass Market
GMI Research anticipates that the global Automotive Glass Market to witness a significant Compound Annual Growth Rate over the forecast period (2020-2027).
The factors driving the growth of automotive glass market includes technological advancements along with quick growth in transportation and logistics sector. Increasing demand for electric and hybrid vehicle in the working-class population is fueling the automotive glass market share. As per the report from Economic Times, nearly 6.5 million electric vehicles (EVs) were sold worldwide in 2021, showing an increase of 109% from 2020, while Tesla is dominating the global Electric Vehicle market with 14% share.
However, high raw material cost and high capital cost on research and development of side windows, might hamper the Automotive Glass Market size.
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Some of the prominent players operating in the market are AS GUARDIAN INDUSTRIES, Nippon Sheet Glass Co. Ltd, CORNING INCORPORATED, Fuyaogroup.com, Saint-Gobain, Taiwan Glass Ind Corp, AGC Inc., Şişecam, PGW Auto Glass, LLC among others.
Product – Segment Analysis
Based on the product, tempered automotive glass is anticipated to lead the global automotive glass market over the forecast period due to its strength and cost efficiency.
Vehicle Type – Segment Analysis
Based on vehicle type, passenger cars are projected to lead the global automotive glass market during the forecast period due to increasing environmental concerns, Governments around the world are focusing on using green energy fuels along with enhancing the existing public transportation system.
Regional – Segment Analysis:
Based on regional coverage, Asia Pacific is anticipated to lead the global automotive glass market over the forecast period due to increasing consumer demand for passenger cars such as SUV, primarily in India and China. The Passenger cars sale in China grew to 4.4%, 20.15 million units were sold in 2021.
Market Segmentation
Global Automotive Glass Market by Product
· Tempered
· Laminated
Global Automotive Glass Market by Vehicle Type
· Passenger cars
· Light Commercial Vehicles
· Heavy Commercial Vehicles
Global Automotive Glass Market by Application
· Windscreen
· Backlight
· Sidelight
· Sunroof
Global Automotive Glass Market by Region
· Asia Pacific
o China
o Japan
o India
o Rest of APAC
· North America
o United States of America
o Canada
· Europe
o United Kingdom
o Germany
o France
o Spain
o Rest of Europe
· RoW
o Brazil
o South Africa
o Saudi Arabia
o UAE
About GMI Research
GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.
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