Report Id: SNS/AUTO/1068 | May 2022 | Region: Global | 125 Pages
Report Scope & Overview:
Automotive Aftermarket Glass Market Size was valued at USD 3.82 billion in 2021 and is expected to reach USD 5.22 billion by 2028 and grow at a CAGR of 4.55% over the forecast period 2022-2028.
Automotive glasses are decorative auto glasses that shield passengers from the elements like rain, wind, and sunlight. Rising vehicle demand and wealth in various countries are expected to boost the worldwide auto glass industry ahead. Increased passenger safety concerns and the development of smart glass technologies to improve sunlight protection, comfort, and visibility are expected to drive the growth of the Auto Glass Market throughout the forecast period. Additionally, rising demand for lightweight automobiles, as well as increasing technological advances and innovation in vehicle design, are expected to boost the Auto Glass Market's growth.
Although the industry is expected to grow steadily in the next years, several issues, such as inventory management and more digitization, may stifle growth to some extent. The availability of several car models around the world makes it difficult for market suppliers to manage inventories according to client needs. Additionally, increased customer awareness of product prices and alternative options as a result of digitalization is anticipated to reduce vendor margins.
The adoption of smart glass is expected to raise the value of the automotive glass market.
Sunroof glass is becoming more popular in high-end vehicles.
Creation of new glass design iterations.
Auto industry technological advancements.
Customers' high level of living.
Growing industrialization and urbanization.
Electric vehicle production will increase.
Higher automotive glass manufacturing costs may limit global market share.
Concerns regarding passenger safety are growing.
The entire cost of automotive glass is influenced by the material's limited supply.
The desire for luxury automobiles will increase the need for automotive glass.
Increased safety standards on automotive glass and rising passenger vehicle sales
Industry players may face considerable obstacles due to government limitations on automobile glass certification.
Acquisition of raw materials for the production of automobile glass
IMPACT OF COVID-19:
The new coronavirus has already caused havoc around the world, affecting industries, enterprises, and the overall economy. Unfortunately, the automobile glass industry has been hit as well. Following the announcement of lockdowns, social distance, and work from home & remote working trends, this market has suffered from decreased demand, supply chain disruption, and factory closures. The temporary closure of automotive industries around the world has harmed the prospects of automotive glass producers, lowering market expectations. On the other side, demand from the rapidly increasing but still young electric vehicle sector is anticipated to help the economy recover quickly in the future. Over the forecast period, this is likely to raise market revenue.
Major Company profiles included are Shatterprufe (South Africa), Saint Global S.A. (Paris), Central Glass Co. Ltd (Tokyo), Xinyi Glass Holdings Limited (Hong Kong), Asahi Glass Co., Ltd (Japan), Fuyao Glass Industry Group Co. Ltd (China), Olimpia Auto Glass Inc. (Turkey), Guardian Industries Corp (US), Vitro, Taiwan Glass Ind. Corp, S.A.B. de C.V. (Mexico), and Nippon Sheet Glass Co. Ltd (Japan).
Market, By Type:
The global market is divided into Tempered glass and Laminated glass based on the type segment. The laminated glass segment, which is robust, easy to install, and soundproof, will lead the market over the forecast period.
Market, By Vehicle Type:
According to the vehicle type segment, the global market is divided into passenger vehicles, light commercial vehicles, and heavy commercial vehicles. Because of the increasing usage of glass in automotive, rising per capita income in emerging nations, and expanding demand for passenger cars, the passenger car sector will dominate the market over the projection period.
Market, by Application:
Based on the application segment, the global market has been divided into Windscreen, Backlite, Sunroof, and Sidelight. Because of its increased consumption in the car industry, the windscreen segment will lead the market over the projection period.
By Vehicle Type:
Light Commercial vehicles
Heavy Commercial vehicles
The global market is divided into four regions: Asia Pacific (APAC), Europe, North America, and the Rest of the World. The abundance of economic resources in India and China to assemble and manufacture automotive parts, the presence of established glass manufacturing players, and the presence of several new production plants in China to meet the growing demand for electric cars are all contributing to the region's global market growth.
Over the projected period, Europe is expected to hold the second-largest share of the worldwide automotive glass business. The worldwide automotive glass market in North America is expected to increase steadily over the projected period.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2021||US$ 6.10 Billion|
|Market Size by 2028||US$ 9.44 Billion|
|CAGR||CAGR of 6.42 % From 2022 to 2028|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• by Type (Tempered Glass, Laminated Glass)
• by Vehicle Type (Passenger Vehicles, Light Commercial Vehicles, Heavy Commercial vehicles)
• by Application (Windscreen, Backlite, Sunroof, Sidelight)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||Shatterprufe (South Africa), Saint Global S.A. (Paris), Central Glass Co. Ltd (Tokyo), Xinyi Glass Holdings Limited (Hong Kong), Asahi Glass Co., Ltd (Japan), Fuyao Glass Industry Group Co. Ltd (China), Olimpia Auto Glass Inc. (Turkey), Guardian Industries Corp (US), Vitro, Taiwan Glass Ind. Corp, S.A.B. de C.V. (Mexico), and Nippon Sheet Glass Co. Ltd (Japan).|
|Key Drivers||•The adoption of smart glass is expected to raise the value of the automotive glass market.
•Sunroof glass is becoming more popular in high-end vehicles.
|RESTRAINTS||•Higher automotive glass manufacturing costs may limit global market share.
•Concerns regarding passenger safety are growing.
Frequently Asked Questions (FAQ) :
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of the Ukraine-Russia War
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global Automotive Aftermarket Glass Market Segmentation, by Type
8.1 Tempered Glass
8.2 Laminated Glass
9. Global Automotive Aftermarket Glass Market Segmentation, by Vehicle Type
9.1 Passenger vehicles,
9.2 Light Commercial vehicles
9.3 Heavy Commercial vehicles
10. Global Automotive Aftermarket Glass Market Segmentation, by Application
11. Regional Analysis
11.2 North America
11.2.1 the USA
11.3.2 the UK
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4.2 South Korea
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.3 South Africa
11.6 Latin America
11.6.3 Rest of Latin America
12. Company Profiles
12.1 Taiwan Glass Ind. Corp,
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 Shatterprufe (South Africa)
12.2 Saint Global S.A. (Paris)
12.3 Central Glass Co. Ltd (Tokyo)
12.4 Xinyi Glass Holdings Limited (Hong Kong)
12.5 Asahi Glass Co., Ltd (Japan)
12.6 Fuyao Glass Industry Group Co. Ltd (China)
12.7 Olimpia Auto Glass Inc. (Turkey)
12.8 Guardian Industries Corp (US)
12.10 S.A.B. de C.V. (Mexico)
12.11 Nippon Sheet Glass Co. Ltd (Japan).
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share analysis
13.3 Recent Developments
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.