Automotive Glazing Market Analysis and Global Forecast 2023-2033

Automotive Glazing Market Overview

Automotive Glazing Market Size is expected to reach USD 38.42 Billion by 2033. The Automotive Glazing industry size accounted for USD 23.78 Billion in 2023 and is expected to expand at a compound annual growth rate (CAGR) of 5.74% from 2023 to 2033. The automotive glazing market encompasses the production and distribution of glass and advanced glazing materials for vehicles. It includes traditional automotive glass as well as innovative solutions such as polycarbonates, laminated glass, and smart glass technologies. Key drivers of the market include regulatory requirements for safety and energy efficiency, the rising demand for electric vehicles, and advancements in glazing technologies. Opportunities lie in areas such as advanced safety features, smart and connected vehicle trends, customization options, and global expansion into emerging markets.

Global Automotive Glazing Market Synopsis

COVID-19 Impact Analysis

The Automotive Glazing market experienced a detrimental effect due to the Covid-19 pandemic.The COVID-19 pandemic significantly impacted the automotive glazing market, causing disruptions in production, supply chains, and consumer demand. Lockdowns and restrictions led to temporary closures of automotive manufacturing plants, affecting glazing suppliers. However, the shift towards remote work and increased demand for personal transportation post-lockdowns drove a recovery in vehicle sales, boosting demand for glazing materials.

Global Automotive Glazing Market Dynamics

The major factors that have impacted the growth of Automotive Glazing are as follows:

Drivers:

⮚      Technological Integration

The integration of glazing solutions with emerging technologies such as augmented reality (AR) displays and heads-up displays (HUDs) is opening up new opportunities in the automotive glazing market. These technologies enhance the driving experience by providing real-time information to the driver while minimizing distractions, thereby driving demand for advanced glazing solutions.

Restraint:

• High Production Costs

Advanced glazing materials and technologies often come with higher production costs compared to traditional glass, which can make them less economically viable for mass adoption, particularly in price-sensitive segments of the automotive market. Manufacturers face the challenge of balancing the benefits of advanced glazing solutions with cost considerations.

Opportunity:

⮚      Smart and Connected Vehicle Trends

The integration of smart and connected technologies in vehicles presents opportunities for advanced glazing solutions that enhance the driving experience and provide additional functionalities. Smart glass technologies, such as self-tinting windows and electrochromic coatings, offer opportunities to improve occupant comfort, privacy, and energy efficiency. Furthermore, integration with vehicle connectivity systems allows for enhanced control and customization of glazing features, opening up new revenue streams for manufacturers.

Automotive Glazing Market Segment Overview

By Material

Based on the Material, the market is segmented based on Glass, Polycarbonate, and Polymer Blends. Glass dominates the market due to its long-standing use in automotive windows for its clarity and scratch resistance. However, Polycarbonate and Polymer Blends are gaining traction owing to their lightweight properties, impact resistance, and design flexibility, especially in electric vehicles aiming for improved efficiency and safety. As automotive manufacturers seek to enhance vehicle performance and reduce weight, the demand for Polycarbonate and Polymer Blends in automotive glazing is expected to grow significantly in the coming years.

By Sales Channel

Based on Sales Channel , the market has been divided into OEM and Aftermarket. Currently, OEM sales dominate the market, driven by the integration of glazing materials during the manufacturing process of new vehicles. However, the Aftermarket segment is gaining traction due to the increasing demand for replacement glazing products driven by factors such as vehicle maintenance, repairs, and customization preferences among vehicle owners.

By Vehicle Type

Based on the Vehicle Type, the market has been divided into Passenger Cars and Commercial Vehicles. Due to the rising sales of passenger automobiles in China and India, the passenger vehicle sector dominates the market. Because of the growing demand for intra-city trucks and buses as well as crossover SUVs, the LCV category is expected to rise steadily.

By Application

Based on Application, the market has been divided into Front Windshield, Rear Windshield, Sunroof, Front Lighting, Other Application. With the highest market revenue, the sidelite category leads the market. OEM’s main focus is using polycarbonate to minimize weight in vehicles like buses because their sidelites have a bigger surface area.

Global Automotive Glazing Market Regional Analysis

Based on region, the market has been divided into North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America. The area of Asia Pacific is anticipated to dominate the market for the usage of Automotive Glazing, followed by those in North

Automotive Glazing Asia Pacific Market

The Asia Pacific region holds a dominant position in the Automotive Glazing market. The market for automotive glazing in Asia Pacific is dominated by the increase in the production and sale of passenger cars, government investments in transportation infrastructure development, rising disposable income in densely populated nations like China and India, and the region’s rapid industrialization and urbanization.

Automotive Glazing North America Market

The North America region is witnessing rapid growth and emerging as a significant market for the Automotive Glazing industry. The market for automotive glazing in North America is anticipated to grow at the quickest rate possible between 2024 and 2032. This is a result of both safety concerns and the quick uptake of cutting-edge technologies. In addition, the US market for glazing for automobiles had the most market share, while the Canadian market for the same product had the quickest rate of growth in the North American continent.

Competitive Landscape

The competitive landscape includes key players (tier 1, tier 2, and local) having a presence across the globe. Companies such as Nippon Sheet Glass Company Limited, Chimei Corporation, Saint Gobain S.A., Fuyao Glass Industry Group Co., Ltd., and Webasto SE are some of the leading players in the global Automotive Glazing Industry. These players have adopted partnership, acquisition, expansion, and new product development, among others as their key strategies.

Key Market Players:

• Nippon Sheet Glass Company Limited
• Chimei Corporation
• Saint Gobain S.A.
• Fuyao Glass Industry Group Co., Ltd.
• Webasto SE
• Covestro AG
• Saudi Basic Industries Corporation (SABIC)
• Teijin Limited
• Mitsubishi Engineering Plastics
• AGP America S.A.

Key Development:

February 2021: Teijin Limited acquired Benet Automotive to enlarge its European automotive business. It is known for availing advanced technologies for carbon-fiber and glass-fiber reinforced plastic modeling of vehicles.

September 2020: An innovative automotive headlight concept for vehicles was launched by Covestro AG. The approach relies on various types of polycarbonate Makrolon and focuses on providing high demand in functionality and aesthetic terms.

Scope of the Report

Global Automotive Glazing Market, by Material

• Glass
• Polycarbonate
• Polymer Blends

Global Automotive Glazing Market, by Sales Channel

• OEM
• Aftermarket

Global Automotive Glazing Market, by Vehicle Type

• Passenger Cars
• Commercial Vehicles

Global Automotive Glazing Market, by Application

• Front Windshield
• Rear Windshield
• Sunroof
• Front Lighting
• Other Application

Global Automotive Glazing Market, by Region

• North America
  • US
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Benelux
  • Nordic
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • South Korea
  • Indonesia
  • Austalia
  • Malaysia
  • India
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of Middle East & Africa

 

Parameters	Indicators
Market Size	2033: $38.42 Billion
CAGR	5.74% CAGR (2023-2033)
Base year	2022
Forecast Period	2023-2033
Historical Data	2021
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Key Segmentations	Material, Sales Channel , Vehicle Type, Application
Geographies Covered	North America, Europe, Asia-Pacific, Latin America, Middle East, Africa
Key Vendors	Nippon Sheet Glass Company Limited, Chimei Corporation, Saint Gobain S.A., Fuyao Glass Industry Group Co., Ltd., Webasto SE, Covestro AG, Saudi Basic Industries Corporation (SABIC), Teijin Limited, Mitsubishi Engineering Plastics, AGP America S.A.
Key Market Opportunities	Polycarbonate usage to remove the blind spot area A-pillar.
Key Market Drivers	Increase in the use of polycarbonate and rise to fulfill consumers’ requirement of safety, comfort, and security

 

REPORT CONTENT BRIEF:

• High-level analysis of the current and future Automotive Glazing Industry trends and opportunities
• Detailed analysis of current market drivers, restraining factors, and opportunities analysis in the future
• Historical market size for the year 2021, and forecast from 2023 to 2033
• Automotive Glazing market share analysis for each segment
• Competitor analysis with a comprehensive insight into its product segment, financial strength, and strategies adopted.
• Identifies key strategies adopted by the key players including new product development, mergers and acquisitions, joint ventures, collaborations, and partnerships.
• To identify and understand the various factors involved in the global Automotive Glazing market affected by the pandemic
• To provide year-on-year growth from 2022 to 2033
• To provide short-term, long-term, and overall CAGR comparison from 2022 to 2033.
• Provide Total Addressable Market (TAM) for the Global Automotive Glazing Market.