Automotive Glass Market Size, Trends and Insights By Type (Tempered Glass, Laminated Glass, Others), By Vehicle Type (Passenger Vehicle, Commercial Vehicle), By Application (Windscreen, Sidelite, Backlite, Sunroof, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033
Report Snapshot
| Study Period: | 2024-2033 |
| Fastest Growing Market: | Asia-Pacific |
| Largest Market: | Europe |
Major Players
- AGC Inc.
- Saint-Gobain
- NSG Group
- Fuyao Glass Industry Group Co. Ltd.
- Guardian Industries
- Others
Reports Description
Global Automotive Glass Market was valued at USD 26.9 Billion in 2024 and is expected to reach USD 43.6 Billion by 2033, at a CAGR of 5.3% during the forecast period 2024 – 2033.
Automotive glass refers to specialised glass components found in automobiles such as windscreens, side windows, rear windows, and sunroofs. They are often composed of laminated or tempered glass to improve safety and longevity, with laminated glass widely used for windscreens owing to its ability to avoid shattering upon contact, and toughened glass commonly used for side and rear windows because to its durability and resistance to breaking.
Automotive Glass Market: Growth Factors
Rise in the production of electric vehicles
The growing number of electric vehicles (EVs) has a substantial influence on the automotive glass industry. EV producers prioritise lightweight materials to improve energy efficiency and increase driving range. Automotive glass, particularly that designed for electric vehicles, is critical in satisfying these standards.
EVs frequently use bigger glass surfaces for aerodynamics, visibility, and aesthetic appeal, increasing the demand for high-quality glass. In addition, EVs use modern technology like heads-up displays and augmented reality, which necessitate complex glass solutions.
As the EV industry grows, so will the automotive glass business, with manufacturers spending in R&D to create glass technologies customised to EV needs.
This connection between EV manufacturing and automotive glass innovation promotes a mutually reinforcing cycle of growth, boosting the automotive glass market forward.
For instance, the windscreen, roof glass and rear window of electric vehicles (EV) are progressively being made to resemble one huge integrated glass panel. This sophisticated design helps a car appear more appealing. Automotive glass is necessary to suit the aesthetic and practical needs of electric vehicles.
PVB interlayer for laminated glass is utilised in a variety of applications where safety and security are essential, including car windscreens and side door windows. SEKISUI S-LEC encourages the creation of sophisticated EVs that go beyond satisfying safety requirements.
Ascending demand for sunroofs to offer aesthetic look of cars
The increased customer desire for automobiles with sunroofs has become a major driver of the automotive glass industry. Sunroofs provide a sense of space, elegance, and connectivity to the outdoors, which improves the whole driving experience.
The rising demand for sunroofs has prompted manufacturers to include larger and more innovative glass panels in their car designs. As an outcome, the automotive glass market is expanding as manufacturers seek high-quality, long-lasting, and technologically sophisticated glass solutions to suit consumer demand for sunroofs.
In addition, developments in glass technology, which include lightweight materials and greater UV protection, add to the attraction of sunroofs. Such an intimate link between the need for sunroofs and the automotive glass business emphasises the significance of innovation and customer preferences in changing the industry.
For instance, according to The Economic Times article, to accommodate expanding customer demand, carmakers now include sunroofs in half of all new cars sold in India. Sunroofs are in high demand in this largely tropical country for all sorts of automobiles, including sport-utility vehicles (SUVs), luxury hatchbacks, and sedans. It improves the inside of the automobile while also increasing the owner’s social position.
Automotive Glass Market: Restraints
High competition
The automotive glass industry has considerable challenges due to fierce rivalry, which restricts market development and profitability. With so many competitors striving for market dominance, businesses frequently participate in price wars and aggressive marketing strategies, reducing profit margins.
Furthermore, intense rivalry causes commoditization, in which items become interchangeable, making it difficult for businesses to differentiate themselves based on quality or characteristics. This saturation also hinders innovation since businesses prioritise cost-cutting strategies above R&D.
Furthermore, competition creates a dynamic supply chain, with variations in raw material pricing and manufacturing capacity influencing profitability. In general, fierce competition in the automotive glass market causes impediments to long-term growth, limiting firms’ capacity to succeed in this industry.
Automotive Glass Market: Opportunities
Technological advancement in automotive industry
Technological improvements in the automobile sector have a substantial influence on the automotive glass market, pushing innovation in security, comfort, and appearance. Advanced driver assistance systems (ADAS) and autonomous driving technologies require complex glass solutions, such as HUD (Head-Up Display) systems and LiDAR sensors, both of which require high-quality, specialised glass.
Furthermore, incorporating smart glass innovation offers features like changeable transparency and temperature management, improving passenger comfort and energy economy.
In addition, advances in glass manufacturing processes, particularly thin and strong materials such as Gorilla Glass, help to increase fuel efficiency and vehicle performance. In general, the mutually beneficial link between automotive technology and glass innovation drives market growth by addressing changing customer needs for safer, more comfortable, and technologically sophisticated automobiles.
For instance, automotive glass technology has advanced significantly in the past few years. Smart windscreens, panoramic sunroofs, automated tinted windows, and head-up displays (HUD) are merely some of the technologies that are improving the driving experience.
Automotive Glass Market: Segmentation Analysis
The Global Automotive Glass market is segmented by type, vehicle type, application, and region. Based on type, the market is classified into tempered glass, laminated glass and others. Tempered glass dominated the market in 2023 with a market share of 45.3% and is expected to keep its dominance during the forecast period 2024-2033. Tempered glass has transformed the automobile glass industry because of its superior strength and safety features.
Tempered glass, as opposed to ordinary glass, goes through a specialised heating and quick cooling process, resulting in greater durability and resistance to shattering upon impact. In the car sector, this translates to increased passenger safety since tempered glass is less prone to shatter into sharp, dangerous fragments during crashes.
Furthermore, its strength allows for thinner glass panels, which reduces vehicle weight and improves fuel economy. Tempered glass also improves scratch resistance and clarity, allowing drivers to see more clearly. Those benefits have resulted in the widespread usage of tempered glass in vehicle manufacturing, propelling the automotive glass industry.
Based on vehicle type, the market is classified into passenger vehicles and commercial vehicles. Passenger vehicles dominated the market in 2023 with a market share of 75.5% and are expected to keep their dominance during the forecast period 2024-2033.
Passenger vehicles have a considerable impact on the automotive glass industry because of their high demand and diversified needs for glass components. As passenger vehicles continue to dominate the automotive sector, the need for different types of automotive glass, such as windscreens, side windows, and rear windows, remains steady.
Furthermore, developments in vehicle design and technology, including a greater emphasis on safety, aesthetics, and comfort, are driving demand for specialised glass solutions that are designed to satisfy these changing demands.
Furthermore, the rising inclination for features such as panoramic sunroofs and advanced driver aid systems drives up demand for automotive glass in passenger automobiles.
Based on application, the market is classified into windscreen, sidelite, backlit, sunroof and others. Windscreen dominated the market in 2023 with a market share of 49.8% and is expected to keep its dominance during the forecast period 2024-2033.
Several important reasons are driving the windscreen demand in the automobile glass industry. Furthermore, increased road safety concerns and severe rules governing vehicle safety standards have forced manufacturers to prioritise the usage of premium automotive glass materials in their cars.
Furthermore, the rising trend of lightest vehicle design to increase energy efficiency has led to the use of innovative glass materials that provide both strength and weight reduction. Additionally, the growing automobile sector in emerging regions, along with rising customer awareness of the advantages of excellent automotive glass.
Report Scope
| Feature of the Report | Details |
| Market Size in 2024 | USD 26.9 Billion |
| Projected Market Size in 2033 | USD 43.6 Billion |
| Market Size in 2023 | USD 25.3 Billion |
| CAGR Growth Rate | 5.3% CAGR |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Key Segment | By Type, Vehicle Type, Application and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Automotive Glass Market: Regional Insight
By region, Automotive Glass market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East & Africa. The Asia-Pacific dominated the global Automotive Glass market in 2023 with a market share of 38% and is expected to keep its dominance during the forecast period 2024-2033.
Asia-Pacific fast economic expansion in nations such as China and India has increased vehicle production and sales, raising the need for automotive glass.
Furthermore, rising urbanisation and a growing middle class in the area have increased demand for passenger vehicles, driving up the market for automotive glass used in car windows, windscreens, and sunroofs.
Moreover, strict safety standards and a focus on decreasing vehicle weight to enhance fuel economy have accelerated the introduction of sophisticated automotive glass technologies that include laminated and tempered windows, which are rapidly being utilised in automobiles throughout Asia-Pacific.
These factors combine to position the Asia-Pacific market as a significant driver of development in the global automotive glass sector.
Automotive Glass Market: Recent Developments
- In May 2022, NSG Group announced plans to merge its automotive glass operations in China with SYP Kangqiao Autoglass Co., Ltd., China’s biggest automotive glass maker. This strategic partnership with SYP Automotive seeks to boost NSG Group’s capabilities.
- In March 2022, LKQ Corporation agreed to sell PGW Auto Glass to one equity partner, a private equity firm. PGW has a vast network that includes over 100 distribution locations and more than 27,000 consumers throughout Canada and the United States.
- In March 2021, Audi announced that the all-electric Q4 e-tron overlap has a dynamic windshield display. In comparison to a regular windscreen HUD, the AR windscreen has a broader field of vision and more dynamic animations.
List of the prominent players in the Automotive Glass Market:
- AGC Inc.
- Saint-Gobain
- NSG Group
- Fuyao Glass Industry Group Co. Ltd.
- Guardian Industries
- Nippon Sheet Glass Co. Ltd.
- Vitro S.A.B. de C.V.
- Central Glass Co. Ltd.
- Xinyi Glass Holdings Limited
- Gentex Corporation
- Magna International Inc.
- Pilkington Group Limited
- Schott AG
- Webasto SE
- Asahi India Glass Limited
- Shenzhen Benson Automobile Glass Co. Ltd.
- Carlex Glass America LLC
- Independent Glass Co.Ltd.
- Xinyi Glass Holdings Limited
- TAIWAN GLASS IND. CORP.
- Others
These key players are adopting various growth strategies such as mergers & acquisitions, joint ventures, expansion, strategic alliances, new product launches, etc. to enhance their business operations and revenues.
The Automotive Glass Market is segmented as follows:
By Type
- Tempered Glass
- Laminated Glass
- Others
By Vehicle Type
- Passenger Vehicle
- Commercial Vehicle
By Application
- Windscreen
- Sidelite
- Backlite
- Sunroof
- Others
Regional Coverage:
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Russia
- Italy
- Spain
- Netherlands
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Taiwan
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market Research Methodology
- Chapter 2. Executive Summary
- 2.1 Global Automotive Glass Market, (2024 – 2033) (USD Billion)
- 2.2 Global Automotive Glass Market: snapshot
- Chapter 3. Global Automotive Glass Market – Industry Analysis
- 3.1 Automotive Glass Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Rise in the production of electric vehicles
- 3.2.2 Ascending demand for sunroofs to offer the aesthetic look of cars
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Type
- 3.7.2 Market Attractiveness Analysis By Vehicle Type
- 3.7.3 Market Attractiveness Analysis By Application
- Chapter 4. Global Automotive Glass Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Automotive Glass Market: Company Market Share, 2024
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Automotive Glass Market – Type Analysis
- 5.1 Global Automotive Glass Market Overview: By Type
- 5.1.1 Global Automotive Glass Market Share, By Type, 2024 and – 2033
- 5.2 Tempered Glass
- 5.2.1 Global Automotive Glass Market by Tempered Glass, 2024 – 2033 (USD Billion)
- 5.3 Laminated Glass
- 5.3.1 Global Automotive Glass Market by Laminated Glass, 2024 – 2033 (USD Billion)
- 5.4 Others
- 5.4.1 Global Automotive Glass Market by Others, 2024 – 2033 (USD Billion)
- 5.1 Global Automotive Glass Market Overview: By Type
- Chapter 6. Global Automotive Glass Market – Vehicle Type Analysis
- 6.1 Global Automotive Glass Market Overview: By Vehicle Type
- 6.1.1 Global Automotive Glass Market Share, By Vehicle Type, 2024 and – 2033
- 6.2 Passenger Vehicle
- 6.2.1 Global Automotive Glass Market by Passenger Vehicle, 2024 – 2033 (USD Billion)
- 6.3 Commercial Vehicle
- 6.3.1 Global Automotive Glass Market by Commercial Vehicle, 2024 – 2033 (USD Billion)
- 6.1 Global Automotive Glass Market Overview: By Vehicle Type
- Chapter 7. Global Automotive Glass Market – Application Analysis
- 7.1 Global Automotive Glass Market Overview: By Application
- 7.1.1 Global Automotive Glass Market Share, By Application, 2024 and – 2033
- 7.2 Windscreen
- 7.2.1 Global Automotive Glass Market by Windscreen, 2024 – 2033 (USD Billion)
- 7.3 Sidelite
- 7.3.1 Global Automotive Glass Market by Sidelite, 2024 – 2033 (USD Billion)
- 7.4 Backlite
- 7.4.1 Global Automotive Glass Market by Backlite, 2024 – 2033 (USD Billion)
- 7.5 Sunroof
- 7.5.1 Global Automotive Glass Market by Sunroof, 2024 – 2033 (USD Billion)
- 7.6 Others
- 7.6.1 Global Automotive Glass Market by Others, 2024 – 2033 (USD Billion)
- 7.1 Global Automotive Glass Market Overview: By Application
- Chapter 8. Automotive Glass Market – Regional Analysis
- 8.1 Global Automotive Glass Market Regional Overview
- 8.2 Global Automotive Glass Market Share, by Region, 2024 & – 2033 (USD Billion)
- 8.3. North America
- 8.3.1 North America Automotive Glass Market, 2024 – 2033 (USD Billion)
- 8.3.1.1 North America Automotive Glass Market, by Country, 2024 – 2033 (USD Billion)
- 8.3.1 North America Automotive Glass Market, 2024 – 2033 (USD Billion)
- 8.4 North America Automotive Glass Market, by Type, 2024 – 2033
- 8.4.1 North America Automotive Glass Market, by Type, 2024 – 2033 (USD Billion)
- 8.5 North America Automotive Glass Market, by Vehicle Type, 2024 – 2033
- 8.5.1 North America Automotive Glass Market, by Vehicle Type, 2024 – 2033 (USD Billion)
- 8.6 North America Automotive Glass Market, by Application, 2024 – 2033
- 8.6.1 North America Automotive Glass Market, by Application, 2024 – 2033 (USD Billion)
- 8.7. Europe
- 8.7.1 Europe Automotive Glass Market, 2024 – 2033 (USD Billion)
- 8.7.1.1 Europe Automotive Glass Market, by Country, 2024 – 2033 (USD Billion)
- 8.7.1 Europe Automotive Glass Market, 2024 – 2033 (USD Billion)
- 8.8 Europe Automotive Glass Market, by Type, 2024 – 2033
- 8.8.1 Europe Automotive Glass Market, by Type, 2024 – 2033 (USD Billion)
- 8.9 Europe Automotive Glass Market, by Vehicle Type, 2024 – 2033
- 8.9.1 Europe Automotive Glass Market, by Vehicle Type, 2024 – 2033 (USD Billion)
- 8.10 Europe Automotive Glass Market, by Application, 2024 – 2033
- 8.10.1 Europe Automotive Glass Market, by Application, 2024 – 2033 (USD Billion)
- 8.11. Asia Pacific
- 8.11.1 Asia Pacific Automotive Glass Market, 2024 – 2033 (USD Billion)
- 8.11.1.1 Asia Pacific Automotive Glass Market, by Country, 2024 – 2033 (USD Billion)
- 8.11.1 Asia Pacific Automotive Glass Market, 2024 – 2033 (USD Billion)
- 8.12 Asia Pacific Automotive Glass Market, by Type, 2024 – 2033
- 8.12.1 Asia Pacific Automotive Glass Market, by Type, 2024 – 2033 (USD Billion)
- 8.13 Asia Pacific Automotive Glass Market, by Vehicle Type, 2024 – 2033
- 8.13.1 Asia Pacific Automotive Glass Market, by Vehicle Type, 2024 – 2033 (USD Billion)
- 8.14 Asia Pacific Automotive Glass Market, by Application, 2024 – 2033
- 8.14.1 Asia Pacific Automotive Glass Market, by Application, 2024 – 2033 (USD Billion)
- 8.15. Latin America
- 8.15.1 Latin America Automotive Glass Market, 2024 – 2033 (USD Billion)
- 8.15.1.1 Latin America Automotive Glass Market, by Country, 2024 – 2033 (USD Billion)
- 8.15.1 Latin America Automotive Glass Market, 2024 – 2033 (USD Billion)
- 8.16 Latin America Automotive Glass Market, by Type, 2024 – 2033
- 8.16.1 Latin America Automotive Glass Market, by Type, 2024 – 2033 (USD Billion)
- 8.17 Latin America Automotive Glass Market, by Vehicle Type, 2024 – 2033
- 8.17.1 Latin America Automotive Glass Market, by Vehicle Type, 2024 – 2033 (USD Billion)
- 8.18 Latin America Automotive Glass Market, by Application, 2024 – 2033
- 8.18.1 Latin America Automotive Glass Market, by Application, 2024 – 2033 (USD Billion)
- 8.19. The Middle-East and Africa
- 8.19.1 The Middle-East and Africa Automotive Glass Market, 2024 – 2033 (USD Billion)
- 8.19.1.1 The Middle-East and Africa Automotive Glass Market, by Country, 2024 – 2033 (USD Billion)
- 8.19.1 The Middle-East and Africa Automotive Glass Market, 2024 – 2033 (USD Billion)
- 8.20 The Middle-East and Africa Automotive Glass Market, by Type, 2024 – 2033
- 8.20.1 The Middle-East and Africa Automotive Glass Market, by Type, 2024 – 2033 (USD Billion)
- 8.21 The Middle-East and Africa Automotive Glass Market, by Vehicle Type, 2024 – 2033
- 8.21.1 The Middle-East and Africa Automotive Glass Market, by Vehicle Type, 2024 – 2033 (USD Billion)
- 8.22 The Middle-East and Africa Automotive Glass Market, by Application, 2024 – 2033
- 8.22.1 The Middle-East and Africa Automotive Glass Market, by Application, 2024 – 2033 (USD Billion)
- Chapter 9. Company Profiles
- 9.1 AGC Inc.
- 9.1.1 Overview
- 9.1.2 Financials
- 9.1.3 Product Portfolio
- 9.1.4 Business Strategy
- 9.1.5 Recent Developments
- 9.2 Saint-Gobain
- 9.2.1 Overview
- 9.2.2 Financials
- 9.2.3 Product Portfolio
- 9.2.4 Business Strategy
- 9.2.5 Recent Developments
- 9.3 NSG Group
- 9.3.1 Overview
- 9.3.2 Financials
- 9.3.3 Product Portfolio
- 9.3.4 Business Strategy
- 9.3.5 Recent Developments
- 9.4 Fuyao Glass Industry Group Co. Ltd.
- 9.4.1 Overview
- 9.4.2 Financials
- 9.4.3 Product Portfolio
- 9.4.4 Business Strategy
- 9.4.5 Recent Developments
- 9.5 Guardian Industries
- 9.5.1 Overview
- 9.5.2 Financials
- 9.5.3 Product Portfolio
- 9.5.4 Business Strategy
- 9.5.5 Recent Developments
- 9.6 Nippon Sheet Glass Co. Ltd.
- 9.6.1 Overview
- 9.6.2 Financials
- 9.6.3 Product Portfolio
- 9.6.4 Business Strategy
- 9.6.5 Recent Developments
- 9.7 Vitro S.A.B. de C.V.
- 9.7.1 Overview
- 9.7.2 Financials
- 9.7.3 Product Portfolio
- 9.7.4 Business Strategy
- 9.7.5 Recent Developments
- 9.8 Central Glass Co. Ltd.
- 9.8.1 Overview
- 9.8.2 Financials
- 9.8.3 Product Portfolio
- 9.8.4 Business Strategy
- 9.8.5 Recent Developments
- 9.9 Xinyi Glass Holdings Limited
- 9.9.1 Overview
- 9.9.2 Financials
- 9.9.3 Product Portfolio
- 9.9.4 Business Strategy
- 9.9.5 Recent Developments
- 9.10 Gentex Corporation
- 9.10.1 Overview
- 9.10.2 Financials
- 9.10.3 Product Portfolio
- 9.10.4 Business Strategy
- 9.10.5 Recent Developments
- 9.11 Magna International Inc.
- 9.11.1 Overview
- 9.11.2 Financials
- 9.11.3 Product Portfolio
- 9.11.4 Business Strategy
- 9.11.5 Recent Developments
- 9.12 Pilkington Group Limited
- 9.12.1 Overview
- 9.12.2 Financials
- 9.12.3 Product Portfolio
- 9.12.4 Business Strategy
- 9.12.5 Recent Developments
- 9.13 Schott AG
- 9.13.1 Overview
- 9.13.2 Financials
- 9.13.3 Product Portfolio
- 9.13.4 Business Strategy
- 9.13.5 Recent Developments
- 9.14 Webasto SE
- 9.14.1 Overview
- 9.14.2 Financials
- 9.14.3 Product Portfolio
- 9.14.4 Business Strategy
- 9.14.5 Recent Developments
- 9.15 Asahi India Glass Limited
- 9.15.1 Overview
- 9.15.2 Financials
- 9.15.3 Product Portfolio
- 9.15.4 Business Strategy
- 9.15.5 Recent Developments
- 9.16 Shenzhen Benson Automobile Glass Co. Ltd.
- 9.16.1 Overview
- 9.16.2 Financials
- 9.16.3 Product Portfolio
- 9.16.4 Business Strategy
- 9.16.5 Recent Developments
- 9.17 Carlex Glass America LLC
- 9.17.1 Overview
- 9.17.2 Financials
- 9.17.3 Product Portfolio
- 9.17.4 Business Strategy
- 9.17.5 Recent Developments
- 9.18 Independent Glass Co.Ltd.
- 9.18.1 Overview
- 9.18.2 Financials
- 9.18.3 Product Portfolio
- 9.18.4 Business Strategy
- 9.18.5 Recent Developments
- 9.19 Xinyi Glass Holdings Limited
- 9.19.1 Overview
- 9.19.2 Financials
- 9.19.3 Product Portfolio
- 9.19.4 Business Strategy
- 9.19.5 Recent Developments
- 9.20 TAIWAN GLASS IND. CORP.
- 9.20.1 Overview
- 9.20.2 Financials
- 9.20.3 Product Portfolio
- 9.20.4 Business Strategy
- 9.20.5 Recent Developments
- 9.21 Others.
- 9.21.1 Overview
- 9.21.2 Financials
- 9.21.3 Product Portfolio
- 9.21.4 Business Strategy
- 9.21.5 Recent Developments
- 9.1 AGC Inc.
List Of Figures
Figures No 1 to 26
List Of Tables
Tables No 1 to 77
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2032
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
| Perspective | Primary research | Secondary research |
| Supply-side |
|
|
| Demand-side |
|
|
Market Analysis Matrix
| Qualitative analysis | Quantitative analysis |
|
|
Prominent Player
- AGC Inc.
- Saint-Gobain
- NSG Group
- Fuyao Glass Industry Group Co. Ltd.
- Guardian Industries
- Nippon Sheet Glass Co. Ltd.
- Vitro S.A.B. de C.V.
- Central Glass Co. Ltd.
- Xinyi Glass Holdings Limited
- Gentex Corporation
- Magna International Inc.
- Pilkington Group Limited
- Schott AG
- Webasto SE
- Asahi India Glass Limited
- Shenzhen Benson Automobile Glass Co. Ltd.
- Carlex Glass America LLC
- Independent Glass Co.Ltd.
- Xinyi Glass Holdings Limited
- TAIWAN GLASS IND. CORP.
- Others
FAQs
The restraints of the Automotive Glass market is high competition.
The major driver for the Automotive Glass market is rise in the production of electric vehicles and ascending demand for sunroofs to offer aesthetic look of cars.
The “Tempered Glass” category dominated the market in 2023.
The key players in the market are AGC Inc., Saint-Gobain, NSG Group, Fuyao Glass Industry Group Co. Ltd., Guardian Industries, Nippon Sheet Glass Co. Ltd., Vitro S.A.B. de C.V., Central Glass Co. Ltd., Xinyi Glass Holdings Limited, Gentex Corporation, Magna International Inc., Pilkington Group Limited, Schott AG, Webasto SE, Asahi India Glass Limited, Shenzhen Benson Automobile Glass Co. Ltd., Carlex Glass America LLC, Independent Glass Co.Ltd., Xinyi Glass Holdings Limited, TAIWAN GLASS IND. CORP., Others.
“Asia-Pacific” had the largest share in the Automotive Glass Market.
The global market is projected to grow at a CAGR of 5.3% during the forecast period, 2024-2033.
The Automotive Glass Market size was valued at USD 26.9 Billion in 2024.