The global automotive glazing market was valued at USD 11 billion in 2023 and is anticipated to reach USD 11.76 billion in 2024 from USD 20 billion by 2032, growing at a CAGR of 6.87% from 2024 to 2032.
Glass glazing can be characterized as the amassing of an impermeable covering of cutting-edge material to the glass surface. Coating changes the shading and surface of the glass. It is broadly utilized in-vehicle applications for imparting improved properties, for example, improved climate steadiness, effect, and erosion resistance combined with better mechanical quality than glass parts.
The worldwide vehicle glazing market is set to develop at a better-than-average pace over the following years because of the expanding premium being set on driving solace in automobiles by both purchasers and producers. Makers of vehicle coating should concentrate on glazing frameworks that improve permeability through the glass while likewise expanding the eco-friendliness of the vehicle. Players in the vehicle glazing market are concentrating on the R&D of items that are economical and are probably going to boost their benefits during the gauge time frame.
The global automotive glazing market is growing quickly, as this element is lightweight and has unrivaled thermal and embellishment attributes. The accessibility of different money-related choices has supported the deals of vehicles and, thus, is driving the development of the vehicle glazing business. Ascend, in the interest for improved stylish appearance and upgraded permeability and visual solace, is inciting the selection of different glazing innovations, for example, hydrophobic, sun control, and switchable, in this way boosting the automotive glazing market. Ascend in fold-over windshields and increment in coating surface territory are evaluated to drive the vehicle glazing industry. The rising pattern of sunroofs and quarter glass is anticipated to support the interest in vehicle coating in the future.
The cost of polycarbonate gums and the cost of setting up such covering offices add to the general expense of the polycarbonate coating, consequently confining its mass appropriation. Polycarbonates contract and extend more than glass, and turn yellow and foggy, which is hampering their appropriation as windshields, and limiting the development of the global automobile glazing market.
The Coronavirus pandemic has resulted in the temporary shutdown of manufacturing units and sales channels, resulting in huge losses in the automotive sector. This had a direct effect on the automotive glazing market, and it registered equal losses during this period. With the relaxation of lockdown conditions, operations have resumed normalcy, and it is predicted that the industry will reach its previous level within a short time.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2023 to 2032 |
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Base Year |
2023 |
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Forecast Period |
2024 to 2032 |
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CAGR |
6.87% |
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Segments Covered |
By Application, Product, End-Use, and Region. |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities |
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Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
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Market Leaders Profiled |
Pilkington, SABIC, Saint Gobain, AGC, Guardian Industries Corp., Corning, and Xinyi Glass, and Others. |
Developing an interest in improved security against the powers of nature and frontal effect in case of mishaps are the driving components for the interest of the front windshields. In this manner, the front windshield section rose as the dominating portion with USD 8.12 billion in income in 2017. Rising customer inclination for vehicles with preinstalled sunroofs is foreseen to drive the sunroof section to develop at a CAGR of 8.97% over the conjecture time frame.
The development in the interest for laminated glass can be credited to the creative assembling process utilizing sandwich polyvinyl butyral (PVB) interlayer. In addition, the capacity of the glass to remain flawless in case of an accident further extends the section share. Attributable to its broad use in the manufacture of windshields because of its high effect opposition and improved security properties, the laminated glass portion rose as the pioneer in the worldwide automotive glazing market with USD 11.08 billion income in 2017. The polycarbonate fragment is anticipated to advance at the most noteworthy CAGR of 6.89% over the estimated time frame. Properties of polycarbonate glass, for example, high impact obstruction and heat opposition, are relied upon to be the driving variables for this expanded development rate.
Expanding worldwide interest in passenger vehicles with cutting-edge security highlights drove the passenger vehicle portion to develop as the pioneer with USD 17.20 billion income in 2017. Inferable from the developing usage of polycarbonate glass for diminishing the general load of the vehicle, the heavy commercial vehicle portion is anticipated to develop at a consistent pace over the estimated time frame.
North America is relied upon to develop at a moderate rate with LCV going to be the quickest developing section. The locale is the biggest LCV-producing business sector, and this pattern is foreseen to proceed over the estimated time frame, affecting the market pattern on a positive note. Germany was the most critical market in Europe and created more than 5,746,800 vehicles in 2016, which legitimately affected the interest in the coating. The popularity of inventive glazing frameworks by the European makers to deliver stylishly engaging extravagance vehicles is relied upon to force makers to put resources into R&D to improve item structure and quality. Asia Pacific will represent a crucial portion of the automotive glazing industry. This can be credited to the presence of different car producers over the area concentrating on dining a wide scope of vehicles over various sections, including hatchbacks, SUVs, cars, hybrids, and MUVs, among others. Additionally, nations including China, Japan, and India represent a huge offer of in-vehicle deals yearly. For example, as per the OICA, the nations joined represented new passenger vehicle deals of in excess of 32 million in 2019. The business in Brazil was at USD 937.4 million in 2016 and is estimated to develop at a CAGR of 2.3% from 2020 to 2025. Expanding speculations by the universal organizations including Renault-Nissan, Toyota, and Group PSA for manufacture extension in the locale is relied upon to drive the business development.
Pilkington, SABIC, Saint Gobain, AGC, Guardian Industries Corp., Corning, Xinyi Glass. These market players dominate the global automotive glazing market.
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