Automotive Glass Market Measurement, Share

Report Overview

The worldwide automotive glass market dimension was valued at USD 30.3 billion in 2019 and is predicted to register a CAGR of 4.5% over the forecast interval. Growing emphasis on light-weight vehicles on account of rising dangerous emissions from autos which have an antagonistic impact on the surroundings drives the glass penetration within the automotive business.

The manufacturing of vehicles witnessed a decline previously two years; nonetheless, it’s anticipated to register an upward development development from the second half of 2020 onward. This development is attributed to the event of the automotive manufacturing sector, significantly in nations equivalent to China and India owing to rising authorities initiatives relating to motorcar rules.

Technological developments within the automotive sector, together with steady upgradation in car design, has compelled market gamers to introduce superior merchandise for automotive producers. For example, in FY 2018-2019, AIS supplied its merchandise to numerous new automotive fashions with a number of revolutionary adjustments, together with photo voltaic inexperienced glass and acoustic PVB for Yaris and a 2.8mm backlite for the brand new Wagon R.

The rise in manufacturing of electrical autos and the incorporation of assorted new applied sciences by way of show and battery are anticipated to have a optimistic affect on the demand for automotive glass over the forecast interval. For example, in June 2019, Lightyear, a Dutch firm, launched the primary prototype of its electrical automotive referred to as the Lightyear One, which has 5 sq. meters of built-in photo voltaic cells beneath the roof and hood. These photo voltaic panels are produced from security glass and may recharge immediately from the solar.

The important thing problem for the market is the uncooked supplies required to provide glass. Uncooked supplies and vitality utilization account for a significant share in the price construction of glass and their provide has a direct impression on glass manufacturing and its costs. For example, the value of one of many key uncooked supplies, soda ash, has witnessed constant enhance over the previous few months, one of many causes being its restricted provide. As a way to treatment this example, soda ash producers are rising their manufacturing capacities for fulfilling the demand from its key markets together with automotive glass, chemical substances, and industrial merchandise.

Product Insights

Tempered automotive glass dominated the product phase, accounting for a share of 59.3%, by way of quantity, in 2019. Its giant share is attributed to elements together with low price, excessive power, and robustness. The product holds power 4-5 occasions greater than a primary float and is cheaper than laminated automotive glass. Because of this, it’s the most most well-liked kind of glass in automotive, significantly for home windows and backlites.

The laminated automotive glass phase is anticipated to register the very best development by way of income, with a CAGR of 4.6% over the forecast interval. The construction consists of a PVB layer sandwiched between the 2 glass layers. It primarily finds software in windscreens owing to the protection attribute that permits it to remain intact even after accidents happen, which prevents the passengers within the car from getting damage or injured. It’s most well-liked for sunroofs as properly, which is predicted to drive the phase development. Firms equivalent to Volvo, Ferrari, and Tesla use laminated glass in all their vehicles which have panoramic sunroofs.

Utility Insights

By way of income, windscreen dominated the market in 2019 and this development is anticipated to proceed by means of the forecast interval. Windscreen carries vital significance in a car construction; therefore, each automotive and glass producers are engaged in creating new applied sciences for enhancing its look and options. For example, introduction of latest varieties of windshields with self-cleaning glass is anticipated to drive the phase development over the forecast interval.

For a number of years, automotive producers have most well-liked tempered glass for sidelites or the aspect home windows of vehicles. The sidelite phase is predicted to outpace windscreen by way of quantity by the tip of the forecast interval. Elevated utilization of tempered automotive glass in sidelites, significantly within the aftermarket, is anticipated to propel market development within the coming years. Growing variety of highway accidents are a main motive for the rising use of glass within the automotive aftermarket. As a security implementation, producers at the moment are switching to laminated glass for aspect home windows to forestall extreme accidents in case of accidents with a heavy impression.

Sunroof is projected to register the very best CAGR over the forecast interval. The incorporation of sunroofs in reasonably priced vehicles is a key development issue for the phase. Technological developments such because the utilization of light-weight supplies within the manufacturing of sunroofs helps automotive producers convey them down from the luxurious phase to the mass market. The demand for sunroofs is predicted to extend within the coming years, subsequently driving the automotive glass market.

Finish-Use Insights

On the idea of finish use, the market is segmented into authentic gear producers (OEMs) and aftersales substitute glass (ARG). OEM dominated the market by way of quantity in 2019, since a majority of automotive glass is used for the manufacturing of autos. The aftermarket phase is pushed by elements equivalent to excessive use of outdated autos, want for upkeep and upgradation for these autos, and rising highway accidents.

The OEM phase is anticipated to register a big development charge owing to the institution of latest automotive vegetation, significantly for electrical autos. For example, Tesla’s manufacturing unit in Shanghai, China delivered its first 15 Mannequin 3 vehicles in December 2019. The plant is predicted to tempo up its manufacturing in 2020 with an annual capability of 150,000 Trendy 3 vehicles. Furthermore, in March 2019, Ford introduced its plan for organising a brand new facility in Michigan, U.S. for autonomous autos, which is predicted to open by 2021.

Automobile Sort Insights

Passenger vehicles emerged as the most important car kind phase in 2019 and is anticipated to register a CAGR of 4.5%, by way of income, over the forecast interval. That is attributed to elements equivalent to altering shopper traits, rising middle-class inhabitants, and rising environmental issues pertaining to low-emission and light-weight autos on the roads.

Business autos are anticipated to register a fast development charge over the forecast interval owing to the surge in transportation and building actions. Because of this, automotive producers are compelled to extend their manufacturing in an effort to cater to the rising demand. For example, in October 2019, VE Business Automobiles Ltd introduced its funding in its new 150-acre plant in Bhopal, Madhya Pradesh, India, consistent with the BS-VI norms.

Automotive producers plan to extend manufacturing of business autos since bigger autos show to be worthwhile to producers and sellers as larger checklist value creates larger revenue margins. In June 2019, GM introduced its funding of USD 150.0 million for reinforcing the manufacturing of industrial quality pickup vans at its Flint Meeting Plant in Michigan, U.S. by 40 thousand per 12 months. Subsequently, elevated manufacturing of business autos is anticipated to offer profitable alternatives for automotive glass within the coming years.

Regional Insights

North America is predicted to register the very best development charge by way of income over the forecast interval. The area has been witnessing a rise within the sale and manufacturing of business autos, which might subsequently drive the demand for automotive glass. For example, in Could 2019, GM introduced its funding of USD 24.0 million for rising manufacturing of GMC Sierra 1500 and Chevrolet Silverado 1500 pickup vans at its Fort Wayne Meeting Plant in Indiana, U.S.

Europe was the second-largest market in 2019 with a share of over 23.0% by way of quantity. New vegetation, favorable insurance policies, improvements, and electrical autos are driving the European marketplace for automotive glass. Introduction of latest electrical autos would play a big function in driving the demand for automotive glass for the reason that variety of accessible electrical car fashions is predicted to succeed in 175 in 2020 and 330 in 2025 from lower than 100 in 2019. Owing to the elevated choice for sustainable autos within the area, electrical autos is predicted to witness a development charge of over 5.0% in nations equivalent to U.Okay. by the tip of 2020.

The Asia Pacific dominated the worldwide market in 2019, whereby China accounts for greater than half of the automotive manufacturing of the world. A number of new manufacturing vegetation have been arrange in China to fulfill the rising demand for electrical autos. In November 2019, a three way partnership deal was signed between Volkswagen and SAIC to open its first manufacturing plant in Anting, China, which is predicted to start its manufacturing in October 2020 with an annual capability of 300 thousand.

The expansion in Asia Pacific can be to be pushed by the Indian automotive market, the place the manufacturing is predicted to extend considerably contemplating the BS VI norms within the nation. In January 2019, Kia Motors commenced trial manufacturing at its new 536-acre plant in Andhra Pradesh, with an annual capability of three lakh models. Moreover, in February 2019, the Authorities of India permitted the Sooner Adoption and Manufacturing of Hybrid and Electrical Automobiles (FAME)-II scheme with a fund allocation of USD 1.4 billion from 2019 to 2022. Such initiatives are anticipated to drive automotive manufacturing within the coming years, which, in flip, would drive the demand for automotive glass within the nation.

Automotive Glass Market Share Insights

The market depends closely on uncooked materials producers, suppliers, distributors, producers, and finish customers. Regardless of the presence of innumerable gamers within the business, the market is consolidated in nature owing to presence of few main producers equivalent to AGC Ltd., Saint-Gobain, Fuyao Glass Trade Group Co., Ltd., and NSG Group.

The main producers are engaged within the growth and implementation of latest methods for rising their market share. Aside from capability enlargement, mergers, acquisitions, and new product developments, integration throughout totally different phases of the worth chain can be amongst one of many methods adopted by key gamers to assist them acquire a aggressive benefit over different producers.

Report Scope

Attribute

Particulars

Base 12 months for estimation

2019

Precise estimates/Historic information

2016 – 2018

Forecast interval

2020 – 2027

Market illustration

Quantity in Million Sq. Meters, Income in USD Million, and CAGR from 2020 to 2027

Regional scope

North America, Europe, Asia Pacific, Central & South America, Center East & Africa

Nation scope

U.S., Canada, Mexico, Germany, U.Okay., France, China, India, Brazil

Report protection

Quantity and income forecast, firm share, aggressive panorama, development elements, and traits

15% free customization scope (equal to five analyst working days)

For those who want particular data, which isn’t presently throughout the scope of the report, we’ll present it to you as part of customization

Segments Coated within the Report

This report forecasts income and quantity development at international, regional, and nation ranges and offers an evaluation of newest business traits in every of the sub-segments from 2016 to 2027. For the aim of this research, Grand View Analysis has segmented the worldwide automotive glass market report on the idea of product, software, finish use, car kind, and area:

  • Product Outlook (Quantity, Million Sq. Meters; Income, USD Million, 2016 – 2027)

    • Tempered

    • Laminated

    • Others

  • Utility Outlook (Quantity, Million Sq. Meters; Income, USD Million, 2016 – 2027)

    • Windscreen

    • Backlite

    • Sidelite

    • Sunroof

  • Finish-Use Outlook (Quantity, Million Sq. Meters; Income, USD Million, 2016 – 2027)

  • Automobile Sort Outlook (Quantity, Million Sq. Meters; Income, USD Million, 2016 – 2027)

    • Passenger Automotive

    • Gentle Business

    • Heavy Business

  • Regional Outlook (Quantity, Million Sq. Meters; Income, USD Million, 2016 – 2027)

    • North America

    • Europe

    • Asia Pacific

    • Central & South America

    • Center East & Africa

Continuously Requested Questions About This Report

b. The worldwide automotive glass market dimension was estimated at USD 30.3 billion in 2019 and is predicted to succeed in USD 30.9 billion in 2020.

b. The worldwide automotive glass market is predicted to develop at a compound annual development charge of 4.5% from 2019 to 2027 to succeed in USD 43.1 billion by 2027.

b. Asia Pacific dominated the automotive glass market with a share of 44.4% in 2019 owing to China, which accounts for greater than half of the automotive manufacturing of the world.

b. Some key gamers working within the automotive glass market embrace AGC Ltd., Saint-Gobain, Fuyao Glass Trade Group Co., Ltd., and NSG Group.

b. Key elements which can be driving the market development embrace rising emphasis in direction of light-weight vehicles on account of rising dangerous emissions from autos which have antagonistic results on surroundings propelling the glass penetration within the automotive business.

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