Report Id: SNS/AUTO/1068 | May 2022 | Region: Global | 125 Pages
Report Scope & Overview:
Automotive Aftermarket Glass Market Size was valued at USD 3.99 billion in 2022 and is expected to reach USD 5.70 billion by 2030 and grow at a CAGR of 4.55% over the forecast period 2023-2030.
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.
MARKET DYNAMICS:
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.
Creation of new glass design iterations.
Auto industry technological advancements.
Customers' high level of living.
Growing industrialization and urbanization.
Electric vehicle production will increase.
RESTRAINTS:
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.
OPPORTUNITIES:
The desire for luxury automobiles will increase the need for automotive glass.
Increased safety standards on automotive glass and rising passenger vehicle sales
CHALLENGES:
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.
KEY PLAYERS:
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 ESTIMATION:
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.
MARKET SEGMENTATION:
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:
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.
REGIONAL COVERAGE:
North America
The USA
Canada
Mexico
Europe
Germany
The UK
France
Italy
Spain
The 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
Report Attributes | Details |
---|---|
Market Size in 2022 | US$ 3.99 Billion |
Market Size by 2030 | US$ 5.70 Billion |
CAGR | CAGR of 4.55 % From 2023 to 2030 |
Base Year | 2022 |
Forecast Period | 2023-2030 |
Historical Data | 2020-2021 |
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. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
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
10.1 Windscreen
10.2 Backlite
10.3 Sidelight
10.4 Sunroof
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 the USA
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 the UK
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4 Asia-Pacific
11.4.1 Japan
11.4.2 South Korea
11.4.3 China
11.4.4 India
11.4.5 Australia
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.1 Israel
11.5.2 UAE
11.5.3 South Africa
11.5.4 Rest
11.6 Latin America
11.6.1 Brazil
11.6.2 Argentina
11.6.3 Rest of Latin America
12. Company Profiles
12.1 Taiwan Glass Ind. Corp,
12.1.1 Financial
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)
12.9 Vitro
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
14. Conclusion
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