Automotive Aftermarket Glass Trends and Forecast
The future of the global automotive aftermarket glass market looks promising with opportunities in the windscreen, backlite, and sidelite markets. The global automotive aftermarket glass market is expected to reach an estimated $3.8 billion by 2030 with a CAGR of 5.6% from 2024 to 2030. The major drivers for this market are increasing vehicle sales and aging vehicle fleet, growing awareness of safety features and regulations, and rising incidences of accidents and road hazards.
• Lucintel forecasts that tempered glass will remain the larger segment over the forecast period due to its exclusive characteristics and low-cost compared to laminated glass.
• Within this market, sidelite will remain the largest segment.
• APAC will remain the largest region over the forecast period due to shifting consumer lifestyles and increasing disposable income in the region.
United States - Companies like Safelite Group are investing in advanced glass repair technologies, aiming to reduce turnaround time and enhance customer satisfaction. Government initiatives focus on improving road safety, encouraging the adoption of high-quality aftermarket glass products to meet regulatory standards.
Germany - German automotive glass manufacturers, such as Saint-Gobain Sekurit, are prioritizing R&D to develop innovative glass solutions for electric and autonomous vehicles. The government supports sustainability targets, incentivizing the use of recyclable materials in aftermarket glass production to reduce environmental impact.
Japan - Japanese aftermarket glass companies, including Asahi Glass Co., are expanding product portfolios to cater to the growing demand for lightweight and high-strength glass in hybrid and electric vehicles. Government regulations promote the use of advanced safety features in automotive glass to reduce road accidents and injuries.
India - Indian aftermarket glass manufacturers, like Gold Plus Group, are focusing on localization strategies to offer cost-effective solutions for the burgeoning automotive aftermarket sector. The government aims to boost domestic manufacturing and increase aftermarket glass production to support the automotive industryÄX%$%Xs growth.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Automotive Aftermarket Glass by Segment
The study includes a forecast for the global automotive aftermarket glass by vehicle type, product, application, and region.
Automotive Aftermarket Glass Market by Vehicle Type [Shipment Analysis by Value from 2018 to 2030]:
• Passenger Cars
• Light Commercial Vehicles
• Heavy Commercial Vehicles
Automotive Aftermarket Glass Market by Product [Shipment Analysis by Value from 2018 to 2030]:
• Tempered Glass
• Laminated Glass
• Others
Automotive Aftermarket Glass Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Windscreen
• Backlite
• Sidelite
• Others
Automotive Aftermarket Glass Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Automotive Aftermarket Glass Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies automotive aftermarket glass companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the automotive aftermarket glass companies profiled in this report include-
• AGC
• Fuyao Glass Industry
• Nippon Sheet Glass
• Saint-Gobain
• Xinyi Glass
• Vitro
• Central Glass
Recent Development in the Automotive Aftermarket Glass Market
Safelite Group: Safelite introduces "One Hour Repair Service," utilizing advanced glass repair technologies to reduce repair time and enhance customer satisfaction in the automotive aftermarket segment.
Saint-Gobain Sekurit: Saint-Gobain Sekurit unveils "NextGen Glass," a series of innovative automotive glass solutions tailored for electric and autonomous vehicles, focusing on lightweight and high-strength materials to meet evolving industry demands.
Asahi Glass Co.: Asahi Glass expands its product portfolio to include lightweight and high-strength glass solutions for hybrid and electric vehicles, aiming to capture a larger market share in the automotive aftermarket segment.
Gold Plus Group: Gold Plus Group implements localization strategies to offer cost-effective aftermarket glass solutions in India, catering to the growing demand in the domestic automotive market and supporting the countryÄX%$%Xs automotive industry growth.
Features of the Global Automotive Aftermarket Glass Market
Market Size Estimates: Automotive aftermarket glass market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Automotive aftermarket glass market size by vehicle type, product, application, and region in terms of value ($B).
Regional Analysis: Automotive aftermarket glass market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different vehicle types, products, applications, and regions for the automotive aftermarket glass market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the automotive aftermarket glass market.
Analyse de l'intensité concurrentielle de l'industrie basée sur le modèle des cinq forces de Porter.
FAQ
Q1. What is the automotive aftermarket glass market size?
Answer: The global automotive aftermarket glass market is expected to reach an estimated $3.8 billion by 2030.
Q2. What is the growth forecast for automotive aftermarket glass market?
Answer: The global automotive aftermarket glass market is expected to grow with a CAGR of 5.6% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the automotive aftermarket glass market?
Answer: The major drivers for this market are increasing vehicle sales and aging vehicle fleet, growing awareness of safety features and regulations, and rising incidences of accidents and road hazards.
Q4. What are the major segments for automotive aftermarket glass market?
Answer: The future of the global automotive aftermarket glass market looks promising with opportunities in the windscreen, backlite, and sidelite markets.
Q5. Who are the key automotive aftermarket glass market companies?
Answer: Some of the key automotive aftermarket glass companies are as follows:
• AGC
• Fuyao Glass Industry
• Nippon Sheet Glass
• Saint-Gobain
• Xinyi Glass
• Vitro
• Central Glass
Q6. Which automotive aftermarket glass market segment will be the largest in future?
Answer: Lucintel forecasts that tempered glass will remain the larger segment over the forecast period due to its exclusive characteristics and low-cost compared to laminated glass.
Q7. In automotive aftermarket glass market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to shifting consumer lifestyles and increasing disposable income in the region.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the automotive aftermarket glass market by vehicle type (passenger cars, light commercial vehicles, and heavy commercial vehicles), product (tempered glass, laminated glass, and others), application (windscreen, backlite, sidelite, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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