Automotive Glass Market Size

Automotive Glass Market Size Snapshot

Note – Market size depicts the revenue generated over the financial year

The automobile glass market has been growing at a considerable rate. Its current value, estimated at US$17,571,000,000 in 2022, is expected to reach US$36,541,000 by 2030. A strong CAGR of 9.58% from 2024 to 2030. The demand for high-end safety features in automobiles and the increasing production of electric and driverless cars are the main reasons for this growth. The development of smart and lightweight glass is also expected to contribute to the growth of the market. St. Gobain, AGC Inc., and Pilkington are the main companies in the field of automobile glass. They are investing in research and development to enhance their products and meet the evolving needs of consumers. Strategic initiatives such as technological collaborations and investments in sustainable manufacturing processes are becoming increasingly common. Collaborations for integrating augmented reality into automobile glass, for example, indicate a shift in the industry towards more innovative and advanced solutions, which in turn are expected to contribute to the growth of the market.

Regional Market Size

Regional Deep Dive

The eulogy of the glass is a beautiful, but a little obscure. The market of America, which demands safety and efficiency, is distinguished from that of Europe by the emphasis which it places on the requirements of hygiene and sanitary regulations. Europe, on the other hand, has no sanitary regulations. Asia-Pacific, with its growing purchasing power and urbanization, is growing rapidly, while the Middle East and Africa, with their infrastructural developments and a growing automobile industry, are influenced by the same factors. Latin America, which is subject to fluctuations in its economy, shows a potential for growth in the automobile industry.

North America

• Moreover, the introduction of advanced driver assistance systems (ADAS) has led to a growing demand for high-performance glass. Corning and AGC Automotive have invested in the development of new glass materials.
• The regulations of the National Highway Traffic Safety Administration (NHTSA) are a constant challenge to the manufacturers. They are obliged to increase the safety of the car glass, and this affects the design and the production process.
• The electric car is making car makers seek out lightweight glass to reduce energy consumption. Ford and Tesla are among the manufacturers to be experimenting with this.

Europe

• European Union regulations on motor vehicle emissions have increased the demand for lightweight and energy-saving car glass, with Saint-Gobain and Pilkington leading the way in sustainable development.
• It is a matter of the smart glass, which can vary its transparency according to the light. This is a very recent development.
• The luxury and safety of the automobile is the determining factor in the market, and luxury manufacturers such as BMW and Mercedes-Benz are introducing glass features in their luxury models.

Asia-Pacific

• China, India and other countries in the region are developing rapidly, and the number of automobiles is increasing, and Xinyi Glass and Fuyao Glass are also increasing their production.
• The advent of smart cities is putting glass in cars under the spotlight, as companies seek to develop integrated smart safety and connectivity solutions. For example, Hyundai and LG Chem have joined forces to develop a smart safety glass.
• The government’s efforts to promote the use of electric vehicles and sustainable transport have had a direct effect on the market for glass for automobiles, thereby encouraging the use of more sustainable materials.

MEA

• The auto industry is growing in the Middle East, thanks to the growth of the economy and the development of the region’s roads and highways. The Al Habtoor Group and Al Futtaim Automotive are expanding their business in the region.
• The regulations relating to the safety of vehicles are constantly being improved, and the manufacturers are obliged to make increasing investment in glass which will fulfil these requirements.
• The luxury cars of the region, such as Rolls-Royce and Bently, are increasing in popularity.

Latin America

• In Latin America, the economic situation has influenced the automobile industry, but the production of automobiles in Brazil and Mexico has been revived. In Brazil, in particular, the production of automobiles has been revived, and it is in Mexico that companies such as the Antolin group have invested in local plants.
• A new demand for cheap and durable car glass is growing, and the local glass industry is trying to meet this demand by concentrating on cost-effective solutions for this budget-conscious consumer segment.
• The growth of the automobile industry, supported by government initiatives such as tax incentives for car manufacturers, will have a positive effect on the growth of the automobile glass market.

Did You Know?

“The demand for automobile glass is mainly governed by the demand for the windscreen, which is necessary for the safety and integrity of the vehicle.” — Global Automotive Glass Market Report 2023, Research and Markets

Segmental Market Size

The market for automobile glass, a vital component of the automobile industry, is experiencing a stable growth due to the increasing vehicle production and the growing demand for safety features. There are a number of reasons for this, such as stricter safety regulations, consumers’ preference for enhanced visibility and comfort in their vehicles, and the growing demand for safety glass in vehicles. Also, the growing popularity of electric vehicles is driving demand for specialized glass with improved aerodynamics and energy efficiency.

The glass industry has now reached the stage of a mature market. Saint-Gobain and AGC are the market leaders. The main applications are for car windows, side windows and sunroofs, and advanced features such as soundproofing and anti-UV protection are now taken for granted. Combined with government-mandated requirements for improved car safety, the use of reclaimed materials in glassmaking and the growing use of reclaimed glass, these trends are driving the industry forward. The development of new products such as laminated glass and smart glass – with its variable transparency – is meeting the modern consumer’s need for both functionality and aesthetics.

Future Outlook

From 2022 to 2030, the value of the automotive glass market is expected to increase from $17,557,000,000 to $3,654,000,000. The annual growth rate of the market will be a strong CAGR of 9.58%. The demand for safety in vehicles is increasing, and the use of laminated and tempered glass is increasing. The penetration of high-performance glass in new vehicle models is expected to increase. It is expected that more than 70% of new vehicles in the future will use advanced glass technology, including heads-up display and smart glass.

A major development in automobile glass is the introduction of augmented reality and a higher degree of heat retentiveness. The new glass can also be used to display traffic signs and to make it easier for the driver to see what he is doing. The glass industry is also under pressure from government regulations, which are intended to improve the safety and fuel efficiency of vehicles. These are also the trends that will have a decisive influence on the development of the glass industry in the coming years. The glass industry will respond to these trends by developing lighter and more energy-efficient glass products, which will lead to a more sustainable automobile industry.