Automotive Glass Market 2019
Automotive Glass Market Research Report: Information by Type (Tempered and Laminated Glass), Vehicle Type (Passenger Car, Light Commercial Vehicle and Heavy Commercial Vehicle), Application (Windscreen, Sidelite, Backlite and Sunroof) and Region (North America, Europe, Asia–Pacific and Rest of the World) - Forecast till 2025
Overview:
Automotive glass contributes to the safety of the vehicle. The automotive glass includes different components such as windscreen, side and rear windows, and roof of the vehicle with a glass panel. The rising demand for passenger vehicles, growing urban population, increasing environment concerns, and rising per capita disposable income of the middle-class population are driving the global automotive glass market and is expected to grow with an estimated CAGR of 7.28%.
In 2018, in terms of value, the global automotive glass market was led by Asia-Pacific followed by Europe and North America. Among these regions, Europe is expected to witness significant growth in the global automotive glass market due to the presence of well-established automotive players and the growing demand for passenger vehicles has pushed the market for automotive glass in Europe. In Europe, Germany accounted for the largest market share, followed by the UK and France.
The automotive glass market in North America is being dominated by the US, followed by Canada. North America is one of the major producers of automotive glass due to the presence of established players in the automotive glass market. Moreover, the rising demand for passenger cars has resulted in increasing demand for automotive glass has augmented the North American market.
Segmentation:
The global automotive glass market has been segmented based on type, vehicle type, application, and region.
Based on type, the global market has been bifurcated into tempered and laminated glass. In 2018, the laminated glass segment was projected to witness significant growth in terms of value during the forecast period. Laminated glass is soundproof, easy to install, and durable. Hence, the demand for laminated glass is gradually increasing among auto glass manufacturers.
On the basis of vehicle type, the global market has been segmented into passenger car, light commercial vehicle, and heavy commercial vehicle. The passenger car segment accounted for the largest market share of global automotive glass market during the forecast period. The market for automotive glass is primarily driven by the rising demand for passenger cars, increasing per capita income in emerging countries, and the growing use of glass in automotive.
Based on application, the global market has been segregated into windscreen, sidelight, backlite, and sunroof. The windscreen segment is expected to witness substantial growth owing to its increasing consumption in the automotive industry.
Regional Analysis:
On the basis of region, the global automotive glass market has been segmented into North America, Europe, Asia-Pacific (APAC), and the rest of the world (RoW).
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Market Segmentation
The global automotive glass market has been spilled into type, vehicle type, and application.
In terms of type, the global market has been bifurcated as tempered and laminated glass. The laminated glass segment, in 2018 was expected to witness considerable growth in terms of value during the forecast period. Laminated glasses are soundproof, easy to install, and durable. Therefore, the demand for laminated glass is progressively increasing among auto glass manufacturers.
In terms of vehicle type, the global market is segmented into passenger car, light commercial vehicle, and heavy commercial vehicle. The passenger car segment has the largest market share of during the forecast period and is primarily driven by the mounting demand for passenger cars, increasing per capita income in emerging countries, and the growing use of glass in automotive.
In terms of application, the global market is segregated into windscreen, sidelight, backlite, and sunroof. The windscreen segment is anticipated to observe extensive growth owing to its growing consumption in the automotive industry.
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