Automotive Glass Market size was valued at USD 26.04 billion in 2024 and is anticipated to reach USD 50.33 billion by the end of 2037, registering around 6% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of automotive glass is assessed at USD 27.12 billion. The reason behind the growth is impelled by growing automobile industry across the globe. While buying a vehicle, everyone ensures that the vehicle is equipped with high-quality automotive glass. The use of automotive glass has significantly enhanced safety on all parameters which is thoroughly considered in the manufacturing of windscreens, side windows, and rear car glass. According to estimates, the global motorcycle market is expected to increase by more than 6% by 2027, resulting in a market volume of around USD 168 billion in 2027.
The recent advancements in automotive technology are believed to fuel the market growth. For instance, many windscreens are now made of Gorilla Glass that is a particular type of windscreen made with specific chemicals, it is more durable than conventional windscreens as it can take sharp and blunt stone hits, is scratch resistant, and helps guard against frequent windscreen fractures.
Growth Drivers
According to estimates, the global automotive sunroof sales were recorded at just less than 50 million units in 2021.
As per estimation a global loss of USD 1.5 trillion is expected owing to road accidents between 2015 and 2030.
Challenges
Base Year |
2024 |
Forecast Year |
2025-2037 |
CAGR |
6% |
Base Year Market Size (2024) |
USD 26.04 billion |
Forecast Year Market Size (2037) |
USD 50.33 billion |
Regional Scope |
|
Product Type (Laminated Glass, Tempered Glass)
The laminated glass segment is estimated to account for 55% share of the global automotive glass market in the coming years owing to the rising rate of road accidents. Automobile windscreens are often composed of laminated safety glass with a distinctive PVB interlayer that absorbs impact and prevents penetration to offer the best protection in the event of an accident, and if broken, laminated glass pieces link together to form a spider web pattern, considerably reducing the likelihood of any injury. According to the World Health Organization (WHO), every year, around 1.3 million people's lives globally are cut short as a result of a traffic accident.
Fuel Type (Internal Combustion Engines, Electric Vehicles)
Automotive glass market from the electric vehicles segment is set to garner a notable share shortly. The growing trend towards electric and hybrid vehicles is encouraging innovation in automotive glass which is necessary to suit both the aesthetic and practical demands of electric vehicles and also aids in minimizing the weight and boosting safety.
Our in-depth analysis of the global market includes the following segments:
Product Type |
|
Vehicle Type |
|
Fuel Type |
|
Application |
|
Distribution Channel |
|
APAC Market Forecast
Automotive glass market in Asia Pacific is predicted to account for the largest share of 42% by 2037 impelled by the rising personal disposable income. More than 20% of the over 1,000 respondents in urban India showed a net rise in disposable income which together with the rise of the middle class, will transform India into a consumer powerhouse, and will lead to increased expenditure on leisure, entertainment, and a variety of vehicles including cars, and other automobiles. As a result, the region has the majority of car-owning households who also prefer to change their vehicles after only 5 years of ownership. This has led to an increase in demand for automotive glass as it is critical to a vehicle's ability to provide safety to the drivers. According to estimates, India's household disposable income is expected to reach over USD 2 trillion in 2023.
European Market Statistics
The Europe automotive glass market is estimated to be the second largest, during the forecast period led by the presence stringent vehicle safety regulations. The European Commission's work on motor vehicle safety focuses on occupant safety and also includes severe measures to ensure that mass-produced vehicles maintain the same environmental performance. For instance, according to the EU's updated safety regulations all new vehicles sold in the EU must comply with the upgraded General Safety Regulations (GSR) beginning in 2024. This may drive the demand for automotive glass in the region as it is used in the side and rear windows of automobiles and is least likely to break or fracture.
Author Credits: Saima Khursheed
Copyright © 2024 Research Nester. All Rights Reserved
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?