Global Automotive Glazing Market, By Off-Highway Vehicle (Construction Equipment, Agricultural Tractors), Electric Vehicle (Battery Electric Vehicle (BEV), Hybrid Electric Vehicle (HEV), Plug-In Hybrid Electric Vehicle (PHEV)), Type (Single Glazing, Double Glazing, Triple Low-E Glazing), Application (Windscreen, Sidelite, Backlite, Rear Quarter Glass, Sunroof, Front Lighting, Rear Lighting, Front Windshield, Rear Windshield), Vehicle Type (Passenger Car, Light Commercial Vehicle (LCV), Truck, Bus), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia Pacific, South Africa, Saudi Arabia, U.A.E, Israel, Egypt, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights Global Automotive Glazing Market
Data Bridge Market Research analyses that the automotive glazing market would exhibit a CAGR of 10.60% for the forecast period.
Automotive glazing systems make the vehicle manufacturing process easier. In order to improve safety and security, automotive glazing is often built of laminated glass for the windshield and tempered glass for sidelites and backlites. For vehicle manufacturers and their passengers, glazing solutions for the automotive sector must provide the greatest possible performance in terms of safety, security, and durability, as well as style and comfort.
The upsurge in adoption rate of advanced designing options and glazing technologies will influence the growth rate of automotive glazing market during the forecast period of 2022-2029. The automotive glazing market is likely to grow significantly due to the rising demand for light weight vehicles globally. Also, high adoption of polycarbonate glazing in soundproofs is a contributing factor to the growth rate of automotive glazing market. Furthermore, technical innovations and rising use of polycarbonate glazing due to its lightweight properties are the major market drivers that will have positive impact on the market’s growth rate. Some of the factors that will accelerate the higher use of impact-resistant polycarbonate over glass in off highway vehicles, rising production of passenger cars and SUVs and huge integration of IoT in the systems.
Moreover, upsurge in the utilization of automotive glazing in windshield will carve the beneficial opportunities for the growth of automotive glazing market. Additionally, strong demand from various ned-use industries and emerging new markets will act as significant market driver and hence further boost new opportunities for the market’s growth.
However, variability in the prices of polycarbonate and high cost factor will stymie the revenue growth of automotive glazing market. The dearth of awareness among engineers about advanced plastic gazing and scratch-prone feature and low visibility of polycarbonate material over automotive glass will pose major challenges for the growth of automotive glazing market. Also, technological barriers and severe impact of COVID-19 on manufacturing as well as supply chain operations of various industries will act as major market restrain that will further hinder the growth of automotive glazing market during the above mentioned forecast period.
This automotive glazing market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on automotive glazing market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Automotive Glazing Market Scope and Market Size
The automotive glazing market is segmented on the basis of off-highway vehicle, electric vehicle, type, application and vehicle type. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Automotive glazing market on the basis of off-highway vehicle has been segmented as construction equipment, and agricultural tractors.
- Based on electric vehicle, automotive glazing market has been segmented into battery electric vehicle (BEV), hybrid electric vehicle (HEV), and plug-in hybrid electric vehicle (PHEV).
- On the basis of type, automotive glazing market has been segmented into single glazing, double glazing, and triple low-e glazing.
- On the basis of application, automotive glazing market has been segmented into windscreen, sidelite, backlite, rear quarter glass, sunroof, front lighting, rear lighting, front windshield, and rear windshield.
- Automotive glazing has also been segmented on the basis of vehicle type into passenger car, light commercial vehicle (LCV), truck, and bus.
Automotive Glazing Market Country Level Analysis
The global automotive glazing market is analysed and market size insights and trends are provided by country, off-highway vehicle, electric vehicle, type, application and vehicle type as referenced above.
The countries covered in the automotive glazing market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), South Africa, Saudi Arabia, U.A.E, Israel, Egypt, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates the automotive glazing market due to the less transportation cost, easy availability of land and high automobile manufacturing in this region. North America is expected to grow during the forecast period of 2022 to 2029 due to the surging demand of LCV in this region.
The country section of the automotive glazing market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Automotive Glazing Market Share Analysis
The automotive glazing market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to automotive glazing market.
Some of the major players operating in the automotive glazing market are Xinyi Glass Holdings Limited., Fuyao Glass Industry Group Co., Ltd., Covestro AG, freeglass, SABIC, Webasto Thermo & Comfort, Trinseo, TEIJIN LIMITED., AGC Inc, GUARDIAN GLASS, LLC., Nippon Sheet Glass Co., Ltd, Saint-Gobain, Sumitomo Corporation, Evonik Industries AG, Corning Incorporated, Dongguan Benxun Automotive Glass Co., Ltd., Sisecam Group, MITSUBISHI MOTORS CORPORATION., and CHIMEI, among others.
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