What is Automotive Glazing Market?
Automotive glazing are used on the backlites and sidelites for improvement of safety and security. The materials used in automotive glazing enhances the transparency, lightweight and excellent strength. This in turn reduces the weight and improves fuel efficiency. As compared to glazing made of glass, the one with polycarbonates are easy to shape. Further, it provides better thermal stability. Over the last few years, there has been changes in materials used in glazing purpose. These factors has increased the demand for automotive glazing.
Highlights from Automotive Glazing Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Nippon Sheet Glass Company Limited (Japan), Chimei Corporation (Taiwan), Saint Gobain S.A. (France), Fuyao Glass Industry Group Co., Ltd. (China), Webasto SE (Germany), Covestro AG (Germany), Saudi Basic Industries Corporation (SABIC) (Saudi Arabia), Teijin Limited (Japan) and AGC (Japan) |
The market of automotive glazing consists of major players who are looking for the product innovations and expansion of business through merger and acquisition. The emerging economies are to estimate positive growth due to the factors such as rising market of electric vehicle in upcoming years. Research Analyst at AMA predicts that Germany Vendors will contribute to the maximum growth of Global Automotive Glazing market throughout the forecasted period.
Nippon Sheet Glass Company Limited (Japan), Chimei Corporation (Taiwan), Saint Gobain S.A. (France), Fuyao Glass Industry Group Co., Ltd. (China), Webasto SE (Germany), Covestro AG (Germany), Saudi Basic Industries Corporation (SABIC) (Saudi Arabia), Teijin Limited (Japan) and AGC (Japan) are some of the key players profiled in the study. Automotive Glazing Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Front windshield, Sidelites, Rear windshield and Sunroof |
Type | Laminated glass, Tempered glass and Polycarbonate |
Vehicle type | Passenger car,Light commercial vehicle |
On the basis of geography, the market of Automotive Glazing has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Availability of Advanced Designing Options in Glazing Technologies
Market Growth Drivers:
Increasing Focus on Reducing the Weight of the Vehicle and Rising Penetration of Sunroof
Challenges:
Lack of Availability of Skilled Workforce
Restraints:
High Costs Associated with Polycarbonate and Government Regulation on the Usage of Polycarbonate
Opportunities:
Rising Market of Electric Vehicle and Increasing Interest of Original Equipment Manufacturers in Polycarbonate Glazing Material
Key Target Audience
Manufacturers, Raw Material Suppliers, Distributors and Traders, Research Organizations, Government Agencies and Organizations
Market Leaders & Development Strategies
On June 2018, Webasto has announced to acquire AeroVironment’s Efficient Energy Systems (EES) business. This acquisition will help in accelerating development of the business.
In May 2022, NSG Group Launched New High-Performance Materials Website, NSG Group has contributed to the advancement of differentiation and reliability of many customers in the sectors of ICT, materials, design, art, and healthcare through its only one glass material that takes advantage of the characteristics of glass, such as "light transmission," "light and strong," and "electricity resistance”.