Automotive Glass Market Size (2024 - 2029)

Automotive Glass Market Analysis

The automotive glass market was valued at USD 19 billion in 2020, and it is expected to reach USD 23 billion by 2026, registering a CAGR of about 5% during the forecast period (2021 - 2026).

The coronavirus crisis has resulted in the temporary closure of automotive businesses around the world, hurting the short-term prospects of automotive glass producers. However, the demand arising from the nascent but fast-growing electric vehicle sector will enable fast recovery in the near future. Innovations in the automotive glass sector are increasingly focused on improving the material strength of the product. Chemically tempered glass has proven to be superior to conventional soda-lime glass options.

Higher strength in glass enables better safety, while the reduction in weight improves fuel efficiency. This attribute is rapidly gaining ground amid premium and sports car producers. Automotive glass products are also becoming increasingly larger, with some car companies even experimenting with full glass canopies. Such changes make efficiency performance-critical in terms of safety and comfort. Rising primary safety from accidents and rising consumer preferences in the application of glass in passenger's cars have created huge demand in the market for automotive glass. This is expected to fuel the integration of electronic sensors, cameras, and rearview mirrors into vehicle glass.

For instance, Saint-Gobain SA announced the acquisition of a 50% stake in China-based JJG Group for the flat glass production line, with an annual capacity of around 160,000 metric ton. The move will strengthen the flat glass supplies for Sekurit automotive glass production centers. It has also announced the development of a new flat glass production line in Saltillo, Mexico, for international supplies of automotive glass.

The market in Asia-Pacific is expected to dominate in the global market and is expected to continue its dominance over the forecast period, owing to rising consumer preference towards vehicle safety, comfort, and style. The market in Europe is expected to register the second-highest growth in terms of revenue over the forecast period, owing to the increasing vehicle manufacturing industry across various countries in this region. The market in North America is expected to register steady growth, owing to the declining production of passenger cars across various countries in the recent past.

Automotive Glass Industry Segmentation

In order to safeguard the driver and to provide smooth driving, different types of glasses are being used in automobiles. The automotive glass market report covers the latest trends and COVID-19 impact followed by technological developments in the market.

The scope of the report covers the segmentation based on type, application type, vehicle type, and geography. By type, the market is segmented as regular glass and smart glass. By application type, the market is segmented as windshield, rear view mirrors, sunroof, and other application types. By vehicle type, the market is segmented into passenger vehicles and commercial vehicles. By geography, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the world. For each segment market sizing and forecast have been done on basis of value (USD billion).