GLOBAL AUTOMOTIVE GLASS MARKET
Automotive Glass is the key component that contributes towards the safety of the passengers and the vehicle itself. It avoids the external obstacles keeping the passengers safe. It is developed with the emergence of innovative features including protection from external noise, external temperature changes and better visibility. Automotive glass includes Windshield, side and rear windows, roof of the vehicle with glass panel. Increasing technological advancements and innovation in vehicle design and rising demand for lightweight vehicles are some factors expected to boost growth of the glass market.
By Vehicle Type
- Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
- Side Windows
- Back Windows
- South Korea
- South America
By End Use
Factors such as increased automotive glass applications, rising demand of smart glass, rising consumer preference towards vehicle safety has caused glass market to expand on larger scale. The increasing usage of sunroof, particularly in high end vehicles has fuelled the glass market. Nowadays the sunroof is not limited to luxury cars and has been installed in other segments as well; also increase in size of windshields and side windows has helped in overall development of the automotive glass market.
MARKET BASED ON TYPE
The laminated glass sector is anticipated to register higher growth rate in terms of revenue. The laminated glass consist layer of PVB (Polyvinyl Butyral) in b/w glass sheets. Its main application is in windshields. The laminated glass is also used for sunroof. These are sound proof, easy to install and durable. Hence the demand is increasing for laminated glass.
The tempered glass holds the largest share in the market owing to its lower cost, easy availability, high strength and robustness. It has better load bearing capacity and possess deflection before breaking. It is most preferred type of glass for windows and backlites.
MARKET BY APPLICATION
In terms of applications of glass in an automobile, windshield dominated the market and is expected to be leader in the market. New technologies are being developed for the constant improvement in safety of the driver. This is expected to drive the market in the future.
Sidelites are the next major contributor for automotive glass market share. Over the years, tempered glass was used extensively for the side windows. Increased usage of tempered glass for sidelites, particularly in the aftermarket is anticipated.
Sunroof is the fastest growing application in the automotive glass market. The incorporation of sunroof in affordable cars is the key growth factor for the segment.
The infographic shown depicts the market size of different application in a car:
MARKET BY END USE
OEM glass is due to grow substantially across the globe. Growing safety concerns with warranty and insurance offered are key factors driving OEM market. The rise in new EVs is another major factor favouring OEMs.
High use of old vehicles, need for upgradation and increase in road accidents are primarily driving the aftermarket segment. Cost effective products with improved quality is drawing the customers to aftermarket sector.
US AUTOMOTIVE GLASS MARKET
US market is expected to register steady growth in the following years. Each of top 5 selling passenger cars like Ford F150, Chevrolet Silverado, Ram 1500 and others are equipped with the sunroof. Most of these cars come with power heated windows/windshield.
EUROPE AUTOMOTIVE GLASS MARKET
New production plants, favourable policies and rise of EVs are driving the European market. The need to reduce the weight of the vehicle to reduce emissions has been a factor helping the glass market progress. Most of the top selling passenger cars in Europe come with panoramic sunroof and heated rear windscreen.
CHINA AUTOMOTIVE GLASS MARKET
Asia was anticipated as the fastest growing glass market in the world, 2-3 years ago. but two consecutive YOY declines in 2018 and 2019 have dented that claim. Rise in SUV sales has indirectly boosted glass market as they contribute for more volume of glass than compact and sedan cars.
RECENT PARTNETSHIPS IN AUTOMOTIVE GLASS MARKET
- Japan’s Asahi Glass Co (AGC) will set up a plant in China to produce large 3D cover glass for car-mounted displays.
- AGC has reached a agreement with Induver Holding, a glass manufacturer in Morocco to set up a JV for manufacturing automotive glass for Europe and North Africa.
- Corning US based company is collaborating with Visteon to develop and produce its patented ColdForm technology for curved automotive display systems.
MARKET SIZE AND FORECAST
The need for better fuel efficiency by reducing the weight of the vehicle is affecting every aspect of automobile component. Glass being one of the major contributors for this, lot of developments can be expected in type of glass used in turn boosting the glass market.
There has been this trend where solar panels are installed below the roof from the safety glass; this phenomenon is expected to increase the glass market share in automobiles.
Additional features in windshields rain sensors, acoustic interlays and heads up display (HUD) are positively affecting the glass market.
It is a consolidated global market. The top players in the market are Saint Gobain (France), Webasto (Germany), Nippon Sheet Glass Co Ltd (Japan), Asahi Glass (Japan), Xinyi and Fuyao both from China. There has been constant merger and acquisition with the local manufacturers shaping the glass market.
- Saint Gobain France
- Webasto Germany
- Nippon Sheet Group Japan
- Xinyi Glass Holdings Hongkong
- Fuyao Group China China
- Asahi Glass Co., Ltd Japan
- Corning US
- Gentex Corporation US