Global Automotive Glass Market: Overview

Different types of glasses are used for the manufacturing of an automobile, such as windshield, glass panel roof, and side and rear windows. These are collectively called as automotive glass. Advanced windshields available these days not only block the wind as well as other flying debris from entering the fast moving vehicle, they are designed aerodynamically to breach the air swiftly. Moreover, laminated safety glass now exhibit spiderweb cracking, which adds to the protective aspects in case of accidents. With the rise in global population and increasing disposable income, the automotive industry is thriving and concurrently, the demand in the global automotive glass market is expected to escalate at a robust CAGR during the forecast period of 2016 to 2024.

This report on global automotive glass market is a thorough study, aimed to act as knowledgebase for the players in making more informed decisions. The report provides an analysis of all the factors that may impact the demand during the forecast period, besides highlighting some of the key trends. It also profiles some of the key players for their market share, product portfolio, and recent developments. The global automotive market can be segmented on the basis of product type, application, end-use, vehicle type, and geography. By product type, the market can be divided into tempered, laminated, and others while by application, the market can be segmented into windshield, sidelite, and backlite. By end-use, the market can be categorized into original equipment manufactured (OEM) and aftermarket auto glass (ARG), while by vehicle type, the segments can be passenger car, light commercial vehicle, and heavy commercial vehicle.

Global Automotive Glass Market: Trends and Opportunities

The automotive glass industry is expected to gain from the increasing global GDP and rapid urbanization across the emerging economies. The demand in the overall automobile industry is at its peak and consumers are now willing to spend extra for quality products. The report identifies side glazing as the latest trend in the automotive glass market, which is anticipated to increment the average glass used per vehicle. With the increasing awareness among the end users pertaining to security and safety offered by advanced products, the research and development is being carried out by the players in automotive glass manufacturers. Photochromic properties offered by advanced glasses that considerably reduce the intensity of ultraviolet (UV) radiation and automotive smart glass with auto dimming properties are two such innovation that has been well received by the end-users. The smart glass segment of automotive glass optimizes the experience by manipulating natural light, lighting load, and cooling and heating load.

Currently, tempered automotive glass product segment dominates the market, although laminated glass is projected for a significantly higher growth rate during the forecast period. By application, windshield serves the maximum demand in global automotive glass market while by end-use, OEM leads over ARG on account of vehicle safety features from the manufacturing end. By type of product segment, passenger cars account for the lion share of the market.

Global Automotive Glass Market: Region-wise Outlook

Geographically, the report divides the market into North America, Europe, Asia Pacific, and rest of the world. Currently, Asia Pacific serves the maximum demand, owing to factors such as availability of cheap and skilled labor, which is enticing foreign investments in the region. North America is also expected to witness consistent growth due to increase in the manufacturing of commercial vehicles in the developed countries of the U.S. and Canada.

Companies mentioned in the research report

Fuyao Group Automobile Glass Co., Ltd., Asahi Glass Company, Saint Gobain, Nippon Sheet Glass Co., Ltd., Magna International, Xinyi Glass, and Gentex Corporation are some of the key companies in the global automotive glass market, wherein top four companies reserve dominant share. Investments for research and development of new products and expansion of the manufacturing capability are two common strategies adopted by the market players to gain shares. For example, AGC invested US$163.2 million in March 2016 to manufacture the second float glass manufacturing facility in Brazil. It is likely to get completed by 2018.

Major regions analyzed under this research report are:

  • Europe
  • North America
  • Asia Pacific
  • Rest of the World

This report gives you access to decisive data such as:

  • Market growth drivers
  • Factors limiting market growth
  • Current market trends
  • Market structure
  • Market projections for the coming years

Key highlights of this report

  • Overview of key market forces propelling and restraining market growth
  • Up-to-date analyses of market trends and technological improvements
  • Pin-point analyses of market competition dynamics to offer you a competitive edge
  • An analysis of strategies of major competitors
  • An array of graphics and SWOT analysis of major industry segments
  • Detailed analyses of industry trends
  • A well-defined technological growth map with an impact-analysis
  • Offers a clear understanding of the competitive landscape and key product segments

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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