Automotive glasses are aesthetics glass of a vehicle that protects passenger from harsh exterior environment such as rain, sun, and wind. Automotive glasses are designed in such a way that it contributes minimal weight to the vehicle, withstand high external forces, and minimize the strain induced on the vehicle. Hence, all these features increase comfort and aid in protecting passenger from external environmental factors such as dust and wind.

Rising demand for vehicles is one of the major factors driving growth of the market

Major factors driving growth of the automotive glass market is increasing demand for vehicles, globally. For instance, according to International Organization of Motor Vehicle Manufacturers statistics (OICA), the total number of vehicles sold in 2016 were 94 million units and it increased to 96 million units in 2017, globally. Hence, increasing demand for vehicles is driving OEMs to manufacture more vehicles to meet consumer demand, which will proportionately increase demand for automotive glass. For instance, according to the OICA, the total number of vehicles produced in 2016 was 95 million units and it has grown up to 97million units, globally. Moreover, increasing per capita income of individuals has proportionally increased the sales of vehicles, which is further boosting growth of the automotive glass market. For instance, according to the World Bank Group, GDP per capita has increased globally from US$ 9,509.4 in 2010 to US$ 10,150.8 in 2016. This is an indicator of increasing standard living, which in turn has aided in high sales of vehicles. Therefore, strong and consistent sales growth of in the automotive industry, is further expected to fuel the market growth during the forecast period (2018–2026).

Global Automotive Glass Market: Key Trend

One of the latest trend gaining attraction in the market is the exponential rise in adoption of solar control glasses for vehicles. Major benefits associated with use of solar control glasses is that it helps in improving fuel efficiency. The usage of solar control glass helps in keeping the vehicle cooler on the inside, which reduces the need for air conditioner, which in turns makes the car fuel efficient. For instance, in 2014, SEKISUI S-LEC, LLC introduced S-LEC Solar Control Films. This glass help in reducing the transmission of heat (mid-infrared) rays from the sun, effectively controlling the in-car temperature, while reducing demand on air conditioning and increasing the fuel economy by 3%. Additionally, another benefit of solar control glass is that it reduces the effect of ultraviolet radiation. This solar glass controls up to 99% of solar radiation, which is similar to the benefit associated with SPF 50+ sunscreen. This rise in the adoption of these glasses will, in turn, augment growth in the global automotive glass market in the near future.

Fluctuating prices of raw materials is one of the major challenges for growth of the automotive glass market

Fluctuation in the prices of glass raw material is one of the factors affecting demand for glasses in the automotive sector. As the changes in the pricing of material directly affects the expense of the automakers, which proportionally affects the profit margins of the automakers. For instance, in May 2018, according to a press release of Producer Price Index (PPI), the PPI for specialty glass, which includes auto glass, witnessed a rise by 1.4 % year-over-year basis in terms of price.

Global Automotive Glass Market: Segment Trends

Among vehicle types, passenger vehicles segment is the fastest growing segment, owing to increasing sales of these vehicles worldwide. According to International Organization of Motor Vehicle Manufacturers, in 2016, around 70 million units of passenger car were sold worldwide. Growing passenger cars per thousand inhabitants over the past few years have reached to 182 per thousand inhabitants in 2015 from 178 in 2014, which is major factor fuelling the growth of passenger cars. Hence, the increasing sales of passenger vehicles will inadvertently increase the demand of automotive glass for this segment.

Global Automotive Glass Market: Regional Insights

Asia Pacific held a dominant position in the global automotive glass market in 2017 and expected to retain its dominance during the forecasted period (2018–2026). This growth is attributed to presence of emerging economies in this region such as India, China, and Japan positioned as the growth engines in the automotive sector. According to Organisation Internationale des Constructeurs d'Automobiles (OICA) in 2016, 39.4 million units of passenger cars were sold in this region, up from 36.1 million units in 2015. It also stated that in 2016, China held 61.8% share of the total Asia Pacific passenger cars sales and 35.1% of the global passenger cars sales. Hence, China was the largest market in the region in 2016. Thus, growing sales of passenger vehicles will inadvertently increase demand for automotive glass for passenger vehicles. Hence, this factor will help in boosting growth of the automotive glass in this particular region.

Global Automotive Glass Market: Competitive Landscape

Key players operating in the global automotive glass market are Fuyao Group Automobile Glass Co., Ltd., Asahi Glass Company Ltd, Saint Gobain S.A., Nippon Sheet Glass Co., Ltd., Magna International, Inc., Xinyi Glass Holdings Ltd, and Gentex Corporation.

The players in the market are focusing on acquisitions and expansion of manufacturing capability, in order to remain competitive in the market. For example, in April 2015, Asahi Glass Company Ltd. acquired the Nordglass Group, which is known for producing windshields for the automotive industry. This acquisition helped the Asahi Glass Company Ltd. to strengthen its market position in the automotive glass business.

Global Automotive Glass Market: Taxonomy

By Glass Type

  • Laminated Glass
  • Tempered Glass
  • Other Glass

By Technology

  • Active
  • Passive

By Applications

  • Windshield
  • Sidelite
  • Backlite
  • Rear Quarter Glass
  • Sideview Glass
  • Rearview Glass

By Vehicle Type

  • Passenger Car
  • Light Commercial Vehicle
  • Truck
  • Bus

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East
  • Africa

Key Development

  • In July 09, 2019, Corning Inc. opened its new Automotive Glass Solutions facility in the Hefei Xinzhan Hi-Tech Industrial Development Zone in Anhui province, China. The primary objective of this facility expansion is to deliver AutoGrade Gorilla Glass parts for Automotive Interiors directly to automakers around the world.
  • In May 2017, Asahi India Glass Limited planning to invest US$ 77.64 million Greenfield Automotive Glass Plant, in Gujarat.
  • Sep 17, 2019, AGC Inc. established a new production facility at its Chinese subsidiary, AGC Automotive (Suzhou) to produce large 3D/complex-shaped cover glass for car-mounted displays.
  • In September 2019, The Certified Automotive Parts Association (CAPA), a non-profit organization, has approved the CAPA 801 Standard for automotive glass.
  • In March 2019, Fuyao Glass Rus Co., Ltd is planning to invest US$ 4.54million in a new production line and production automation projects in the Kaluga plant, Russia.

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users