Global Automotive Aftermarket Glass Market, By Type (Tempered, Laminated, Others), Application (Windscreen, Sidelite, Backlite, Others), Vehicle Type (Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle), Material (IR-PVB, Metal Coated, Tinted) – Industry Trends and Forecast to 2029
Market Analysis and Size
The automotive industry has experienced phenomenal growth in recent years, resulting in a rapid increase in the number of vehicles on the road, providing aftermarket players with a larger target market. According to the National Highway Traffic Safety Administration, six million car accidents occur in the United States (U.S.). The most common vehicle parts that require replacement after an accident are the sidelite and windshield. As a result, the market is anticipated to have an accelerated growth over the forecast period due to an increase in the number of vehicles on the road and the number of accidents.
Global Automotive Aftermarket Glass Market was valued at USD 7.83 billion in 2021 and is expected to reach USD 13.11 billion by 2029, registering a CAGR of 6.66% in 2022 2029. The "tempered glass" accounts for the largest type segment in the automotive aftermarket glass market owing to its high rigid strength, which protects the vehicle occupant during an accident. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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By Type (Tempered, Laminated, Others), Application (Windscreen, Sidelite, Backlite, Others), Vehicle Type (Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle), Material (IR-PVB, Metal Coated, Tinted)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
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Market Players Covered
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Shatterprufe (South Africa), Olimpia Auto Glass Inc. (Turkey), Saint-Gobain (Paris), Central Glass Co. Ltd (Japan), AGC Inc. (Japan), Fuyao Group (China), Guardian Industries (U.S.), Motherson (India), Webasto Group (Germany), Xinyi Glass Holdings Limited (China), Asahi Glass (Japan), Fuyao Glass (China), Vitro (Mexico), Nippon Sheet Glass Co. Ltd (Japan), Gentex Corporation(U.S.), Corning Incorporated (U.S.) and Magna International Inc., (Canada)
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Market Opportunities
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Market Definition
Automobile glass is produced by aftermarket glass manufacturers who are not affiliated with the automobile manufacturers as original equipment manufacturers (OEM). They duplicate the original product without consulting the vehicle's original manufacturers. These products will have the same fit and shape, but the final product may differ in terms of durability, thickness, UV protection, or tint color. Compared to an OEM product, aftermarket glass for automobiles is usually the least expensive option.
Automotive Aftermarket Glass Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Increased Adoption of Automotive Aftermarket Glass
Glass consumption in the automotive aftermarket is expected to increase as more road traffic accidents occur around the world, combined with increased vehicle production. The growing popularity of car rental services is expected to boost the aftermarket's growth, as these new fleet owners have raised vehicle maintenance standards. Moreover, the rising demand in the global automobile sector and rising tilt angles in windshields for better visibility coupled with the rising demand for sunroofs in cars are all driving the automotive aftermarket glass market.
The burgeoning demand for luxury cars will further propel the growth rate of automotive aftermarket glass market. Additionally, the refurbished vehicles industry growth will also drive market value growth. The increasing automotive production is also projected to bolster the growth of the market. Furthermore, rising demand for automotive driver assistance systems (ADAS) in passenger and commercial vehicles, as well as rising sales of electric vehicles in the country, will drive the market forward over the forecast period.
Opportunities
- Research And Development Activities
Furthermore, various developments have compelled market players to get involved in research and development activities, which further enhance product applications and extend profitable opportunities to market players in the forecast period of 2022 to 2029. Moreover, vehicle aerodynamics research aims to improve operating speed. It has resulted in a number of advanced designs, which is estimated to expand the future growth of the automotive aftermarket glass market.
- Technological Advances and Innovations
Constant innovations and product developments in automotive glass features have increased overall value and improved operational efficiency. Additionally, the development of new iterations of glass design and the technological advances in the auto industry are also projected to generate the growth opportunities for the automotive aftermarket glass market.
Restraints/Challenges
- Issues Associated with Costs
The increased consumer awareness of product prices such as the higher automotive glass manufacturing costs combined with fluctuating raw material costs is estimated to limit global market share over the forecast period.
- Underdeveloped Aftermarket Services
The various market players are facing issues owing to the underdeveloped aftermarket services and government regulations on automotive glass certification. As a result, this factor will pose as a major challenge over the forecasted period.
This automotive aftermarket glass market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized 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 the automotive aftermarket glass market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Automotive Aftermarket Glass Market
The recent outbreak of coronavirus had a negative impact on the automotive aftermarket glass market. Following the announcement of lockdowns, social distancing, and work from home and the remote working trends, this market has suffered from decreased demand, severe disruptions in various manufacturing, supply-chain operations, and factory closures. The temporary closure of automotive businesses worldwide has harmed the prospects of automotive glass producers, lowering market expectations. Furthermore, consumer demand has decreased as people are now more focused on removing non-essential expenses from their budgets since the general economic situation of most people has been badly impacted by the outbreak.
On the plus side, demand from the rapidly growing but still nascent electric vehicle sector is likely to help the economy recover quickly even during the forecasted period. Moreover, the suspended and cancelled operations will continue owing to the loosening up of restrictions by the individual regulatory bodies and as a result the market is estimated to expand. Over the forecast period, this is likely to boost market revenue.
Recent Development
- In January 2020, Corning Incorporated and LG Electronics Vehicle Component Solutions have announced a partnership to commercialize Corning® ColdFormTM Technology for curved automotive interior display systems. This announcement comes as the industry grapples with new trends toward seamless connectivity, with mobile devices, dashboards, and home information and entertainment systems all requiring constant synchronization. The companies are collaborating to bring more affordable and high-quality curved display modules to the automotive market.
Global Automotive Aftermarket Glass Market Scope
The automotive aftermarket glass market is segmented on the basis of type, application, vehicle type and material. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Tempered
- Laminated
- Others
Application
- Windscreen
- Sidelite
- Backlite
- Others
Vehicle Type
- Passenger Car
- Light Commercial Vehicle
- Heavy Commercial Vehicle
Material
- IR-PVB
- Metal Coated
- Tinted
Automotive Aftermarket Glass Market Regional Analysis/Insights
The automotive aftermarket glass market is analyzed and market size insights and trends are provided by country, type, application, vehicle type and material as referenced above.
The countries covered in the automotive aftermarket glass market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the automotive aftermarket glass market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the presence of established glass manufacturing players and the increasing research and development capacities.
On the other hand, North America is estimated to show lucrative growth over the forecast period of 2022-2029, due to the increasing production and sale of commercial cars coupled with the rise in the demand for automotive OEMS in the region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Automotive Aftermarket Glass Market Share Analysis
The automotive aftermarket glass 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 aftermarket glass market.
Some of the major players operating in the automotive aftermarket glass market are
- Shatterprufe (South Africa)
- Olimpia Auto Glass Inc. (Turkey)
- Saint-Gobain (Paris)
- Central Glass Co. Ltd (Japan)
- AGC Inc. (Japan)
- Fuyao Group (China)
- Guardian Industries (U.S.)
- Motherson (India)
- Webasto Group (Germany)
- Xinyi Glass Holdings Limited (China)
- Asahi Glass (Japan)
- Fuyao Glass (China)
- Vitro (Mexico),
- Nippon Sheet Glass Co. Ltd (Japan)
- Gentex Corporation (U.S.)
- Corning Incorporated (U.S.)
- Magna International Inc., (Canada)
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