Global Automotive Glass Market is anticipated to rise at a value CAGR of 4.65% over 2019-2028. According to a study published by Insure Insights on the Global Automotive Glass Market. Automotive Glasses are those glasses that are used specially to protect vehicle passengers from the elements. They are of two types tempered glass and laminated glass. The invention of smart glass and device embedded glass technologies have driven the market of Global Automotive Glass.

Top Driver: The surge in the Government regulation regarding automotive have driven the market

The surge in the Government initiatives in automobile regulations, coupled with technological advancements in the automotive sector, like product expansions by the manufacturers in vehicle design, have positively impacted the market. The advent of electric vehicles and increase preference for new technologies in them in terms of display and battery and advances like electronically tinted glass and acoustic glass have further boosted the market growth.

Tempered automotive glass has dominated the growth in the Global Automotive Glass Market

Based on the product, the Tempered segment, have held the highest market share. Tempered automotive glasses are cost-effective and have high strength and toughness as compared to laminated automotive glass. There they are widely used in automotive; these factors have attributed to segmental growth. However, Laminated glass is expected to grow at a higher rate in the forecast as these glass resists penetration by avoiding the glass breakage into fragments, thus ensures passenger safety in case of vehicle accidents

In terms of the Application, the Sidelite segment, have held the most significant growth due to the increase in the demand for aesthetic and design trends in Cars and SUVs, it The rise in the preference for of lighter cabin colors and slight bump in window sizes have further propelled the demand of sidelites . Based on the Distribution channel, OEM segment, has held the most remarkable growth due to owing to the establishment of new automotive plants, especially for electric vehicles.

Asia Pacific rules the Automotive Glass Market with the excessive manufacturing of Automotive

The surge in manufacturing activities of automotive products, especially in developing economies like, China, Japan, and India, coupled with the presence of established glass manufacturing players like Saint Gobain, ASAHI glass, Fuyao Glass, Nippon Sheet Glass has primarily contributed to the regional revenue.  The rise in the per capita income, and surging in popularity of passenger vehicles and compact SUVs have further escalated the regional growth.

Product launches, new advances, strategic collaborations, mergers, and acquisition, are the major strategies of the competitors

The Players of the Global Automotive Glass Market is fragmented.  Product launches, new advances collaborations, mergers, and acquisitions are strategies used by competitors. The key competitors of the Global Automotive Glass Market Saint-Gobain, ASAHI glass, Fuyao, Nippon Sheet Glass Company, PPG Industries, Inc, Guardian Glass, Xinyi Glass Holdings, and Webasto

Saint-Gobain: Saint-Gobain is one of the key competitors of the Global Automotive Glass Market; for instance, In November 2019, Saint-Gobain had announced an agreement of acquisition of Continental Building Products, the deal was made for USD 1.4 billion, the acquisition was made to Increase Saint-Gobain’s presence in growth regions in the United States and to provide customers with innovative solutions.

Corning: Corning is a popular competitor in the Global Automotive Glass Market. In June 2018, Corning had announced the acquisition of 3M’s Communication Markets Division. The acquisition was made by Corning to reach and access global customers particularly to create its presence in Europe, the Middle East, and Asia; the Central and Latin America regions. 

Scope of the Report

By Product

• Laminated
• Tempered

By Application

• Sidelite
• Backlite
• Windscreen

By End User

• Original Equipment Manufacturer (OEM)
• Aftermarket Replacement (ARG)

By Region

• North America
• Europe
• Asia Pacific
• LAMEA

Key Reasons to Purchase this Report

1. It provides a technological development map over time to understand the growth rate of the industry.
2. The report offers a dynamic method to various factors that drive or restrain the growth of the market.
3. It renders definite analysis for changing competitive dynamics.
4. It builds a seven-year estimate based on how the market is predicted to grow.