Automotive Glass Market Size, Share, Analysis, Trends, Growth, 2032

Automotive Glass Industry Prospective:

The global automotive glass market size was evaluated at $19 billion in 2023 and is slated to hit $43 billion by the end of 2032 with a CAGR of nearly 10.1% between 2024 and 2032.

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Automotive Glass Market: Overview

Automotive glass is a key component utilized in vehicle design and provides vehicle users with safety, comfort, and visibility. Furthermore, it includes various kinds of glass in automotive rear windows, windshields, and sunroofs. The various kinds of glasses include tempered glass, defogger glass, laminated glass, and solar control glass.

Key Insights

• As per the analysis shared by our research analyst, the global automotive glass market is projected to expand annually at the annual growth rate of around 10.1% over the forecast timespan (2024-2032)
• In terms of revenue, the global automotive glass market size was evaluated at nearly $19 billion in 2023 and is expected to reach $43 billion by 2032.
• The global automotive glass market is anticipated to grow rapidly over the forecast timeline owing to a prominent increase in the production of automotive in Asian countries such as Malaysia, India, China, and Indonesia.
• In terms of product type, the smart glass segment is slated to register the highest CAGR over the forecast period.
• Based on vehicle type, the passenger vehicle segment is predicted to contribute majorly towards segmental space in the upcoming years.
• Based on application, the windshield segment is likely to lead the global market growth in the ensuing years.
• Region-wise, the North American automotive glass industry is projected to register the fastest CAGR during the assessment timespan.

Automotive Glass Market: Growth Factors

An increment in the vehicle manufacture in Asia to boost the global market expansion over forecast period

A prominent increase in the production of automotive in Asian countries such as Malaysia, India, China, and Indonesia will embellish the expansion of the global automotive glass market.

Furthermore, the escalating popularity of hybrid and electric vehicles will drive global market trends. Surging customer preference towards comfort and safety will embellish the market expansion across the globe.

Additionally, technological breakthroughs resulting in the manufacture of smart glasses and lightweight vehicles will propel the market space.

Automotive Glass Market: Restraints

A surge in the costs of raw materials to restrict the global industry surge by 2032

An increment in the raw component prices, along with supply chain issues, can retard the expansion of the global automotive glass industry.

Furthermore, the manufacture of automotive glass requires a large amount of electricity, leading to a massive increase in electricity bill costs, which can restrict the supply of automotive glass and increase its costs. This, in turn, can inhibit the global industry surge.

Automotive Glass Market: Opportunities

Growing use of new safety features in vehicles will generate new growth opportunities for the global market

The launch of smart glass systems and the rising acceptance of advanced driver assistance systems are expected to steer the global automotive glass market.

Furthermore, strict safety laws mandating the utilization of high-quality automotive glass, along with the introduction of differentiated products, will propel the market surge in the ensuing years.

Automotive Glass Market: Challenges

Humungous demand for effective modes of product transport can challenge the global industry expansion

An increase in the necessity of fund allocation in research activities related to the production of new kinds of eco-friendly & energy-conserving products can lead to rising product costs. This, in turn, will challenge the growth of the global automotive glass industry.

Moreover, the need for proficient logistics & transport for just-in-time delivery of automotive glass can decimate the global industry surge in the ensuing years.

Automotive Glass Market: Segmentation

The global automotive glass market is divided into product type, vehicle type, application, and region.                                             

In terms of product type, the automotive glass market across the globe is segmented into laminated glass, smart glass, and tampered glass segments.

Apparently, the smart glass segment, which gathered nearly 50% of the global market earnings in 2023, is expected to record the fastest CAGR in the next eight years due to a slew of benefits offered by smart glass, such as dynamic light control, aesthetic appeal, and safety.  

Based on the vehicle type, the global automotive glass industry is divided into commercial vehicles and passenger vehicles segments.

Apparently, the passenger vehicles segment, which led the global industry share in 2023, is anticipated to account majorly towards the segmental surge in the analysis timeline. This can be a result of the escalating use of personal vehicles.

However, with the production of electric and autonomous vehicles, the demand for special automotive glass is likely to increase, thereby driving the segmental expansion.

On the basis of application, the global automotive glass market is bifurcated into sunroof, windshield, rear windows, and side windows segments.

Moreover, the windshield segment, which led the global market share in 2023, is likely to lead the global market expansion in the forecast timespan.

The expansion of the segment surge in the next few years can be due to the ability of automotive glass to provide passenger & driver safety and improve the visibility of the windshield.

Automotive Glass Market: Report Scope

Automotive Glass Market: Regional Insights

Asia-Pacific is likely to maintain leading status in the global market over the assessment period

Asia-Pacific, which contributed for about half of the global automotive glass market size in 2023, is slated to establish a leading position in the global market in the forecast timespan.

Furthermore, the regional market expansion in the coming few years can be due to the flourishing automotive segment in countries such as Japan, South Korea, and China.

Additionally, supportive government policies and the presence of key vehicle manufacturers in the region will spearhead the market growth in APAC in the foreseeable future. 

North American automotive glass industry is expected to register the fastest compound growth rate yearly in the expected timeline.

The elevation of the industry in the region can be a result of humungous demand for including new safety features such as acoustic and laminated glass.

Moreover, rising sales of trucks and SUVs in countries such as the U.S. and strong aftermarket for replacement & repair of automotive glass will propel the industry expansion in North America.

Key Developments

• In July 2021, Corning Inc. introduced a new product line in the form of automotive glass solutions, which are referred to as Corning® Curved Mirror Solutions.
• In April 2024, AGC produced high-performing cover glass for in-car displays.

Automotive Glass Market: Competitive Space

The global automotive glass market profiles key players such as:

• Vitro
• Schott AG
• Gentex Corporation
• AGC Inc.
• Magna International Inc.
• Fuyao Glass Industry Group Co.
• Limited
• Saint-Gobain
• Nippon Sheet Glass Co. Ltd.
• Xinyi Glass Holdings Limited
• Webasto Group
• Corning Incorporated
• Guardian Industries
• Central Glass Co. Ltd.
• Sisecam Otomotiv A.S.
• Motherson Group.

The global automotive glass market is segmented as follows:

By Product Type

• Laminated Glass
• Smart Glass
• Tampered Glass

By Vehicle Type

• Commercial Vehicles
• Passenger Vehicles

By Application

• Sunroof
• Windshield
• Rear Windows
• Side Windows

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa