Global Auto Glass Market Overview:
Increasing automobile production across the globe on account of technological advancements and rising disposable income levels, especially in emerging countries like China, India, and Japan, will augment the product demand over the forecast period. Automotive glass protects both passengers and the structure of the vehicle by keeping them safe from the external obstacles. It is developed with the emergence of innovative features including protection from external temperature changes, external noise, and better visibility.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
The growing usage of sunroof glass, mainly in high-end vehicles, is projected to have a positive impact on the growth of the automotive glass market. Nowadays, consumers are showing preference toward a sunroof in the car, which has lead to a growth in the utilization of glass. Moreover, advancements in vehicle design have led to a rise in the size of the windshield and side windows, thereby leading to the overall development of the industry.
Market Growth Drivers:
High Demand from the Developing Countries and Refurbished Vehicles Industry Growth
Challenges:
Dearth in Synchronization between Different Port Equipment
Restraints:
High Capital Investment Container Handling Equipment
Opportunities:
Technological Advancements in the Automotive Industry Help Attain Maximum Fuel Efficiency and Safety of the Passengers and Automotive Market Penetration
Competitive Landscape:
The auto glass market is consolidated with the top four manufacturers in the industry including Asahi Glass Company, Fuyao, PPG Industries, Inc., Nippon Sheet Glass Company, Webasto, and Saint-Gobain. High flexibility in design and production offers a competitive advantage for the industry players. Heavy investments in R&D, manufacturing facilities expansion, collaborations, and takeovers are the key strategies adopted by market participants.
Some of the key players profiled in the report are Saint-Gobain (France), Samvardhana Motherson (India), Webasto (Germany), Xinyi Glass (China), Asahi Glass (Japan), Fuyao Glass (China), Nippon Sheet Glass (Japan), Gentex Corporation(United States), Corning (United States) and Magna International (Canada). Analyst at AMA Research see Asian Vendors to retain maximum share of Global Auto Glass market by 2028. Considering Market by End Use, the sub-segment i.e. Original Equipment Manufacturer (OEM) will boost the Auto Glass market. Considering Market by Vehicle Type, the sub-segment i.e. Passenger Vehicles will boost the Auto Glass market. Considering Market by Material, the sub-segment i.e. IR-PVB will boost the Auto Glass market.
Latest Market Insights:
In September 2022, Samvardhana Motherson Automotive acquired the mirror business of Ichikoh Industries in Japan. Auto parts manufacturer Samvardhana Motherson Automotive Systems Group BV will fully acquire Japan's Ichikoh Industries' mirror business for an enterprise value of 5.2 billion yen (nearly Rs 300 crore), the company said in a stock exchange disclosure on Monday. This will be the group's first acquisition in Japan.
In April 2023, under the motto "Powering e-volution", Webasto presented a portfolio of sustainable mobility offering an enjoyable driving experience at booth 2BC006 in Hall 2.2H. However, Webasto's solutions not only support customers on the road to e-mobility, but the innovative features provided by the company's roof systems also offer a special atmosphere combined with a special driving experience.
What Can be Explored with the Auto Glass Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Auto Glass Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Auto Glass
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Auto Glass market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Auto Glass market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Auto Glass Manuafatures, Auto Glass Distributors, Auto Glass Suppliers, Government Regulatory Bodies, Private Research Organizations, Government Research Organization and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.