Automotive Glazing Market Expansion Outlook: $28.73 Billion by 2029 Forecast
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#What Is The Projected Market Size Of The Automotive Glazing Market By 2029?
The automotive glazing market has grown strongly in recent years. It is forecasted to increase from $21.46 billion in 2024 to $22.73 billion in 2025 at a CAGR of 5.9%. The growth in the historic period was influenced by efforts to reduce vehicle weight for fuel efficiency, increased vehicle demand, growing emphasis on acoustic comfort, awareness of UV radiation risks, and a rise in environmental consciousness.
Anticipating robust expansion, the market centered around automotive glazing is projected to achieve a valuation of $28.73 billion by 2029, propelled by a compound annual growth rate (CAGR) amounting to 6.0% over the upcoming years. This upward trajectory throughout the projection timeframe is fundamentally supported by factors such as escalating urbanization trends, the broadening scope of the automotive aftermarket sector, heightened consumer appetite for high-end and premium automobiles, the worldwide integration of vehicle manufacturing processes, and the increasing proliferation of electric and hybrid vehicle technologies. Key shifts influencing this market during the forecast span encompass the enactment of rigorous safety mandates and regulatory frameworks, ongoing innovation in sophisticated glazing solutions, further progress in smart glass applications, improvements in infrastructural capabilities, and enhancements in production methodologies.
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Which Drivers Are Impacting The Automotive Glazing Market?
Future expansion within the automotive glazing sector is anticipated, primarily fueled by a surge in vehicle output. This upward trend in vehicle manufacturing stems from greater capital allocation toward vehicle technology, a phenomenon spurred by both stringent environmental mandates and a growing consumer preference for eco-conscious transit solutions. Advanced glass materials elevate vehicles by improving passenger safety, enhancing cabin comfort, and boosting external appeal, offering superior visual clarity, noise dampening, and defense against ultraviolet radiation. To illustrate this point, data released in May 2023 by the European Automobile Manufacturers Association (ACEA), an advocacy organization for the EU’s auto industry based in Belgium, indicated that global motor vehicle production reached 85.4 million units in 2022, representing a 5.7% year-over-year climb compared to 2021, thereby confirming that the rise in vehicle output directly fuels the expansion of the automotive glazing market.
How Is The Automotive Glazing Market Segmented?
The automotive glazing market covered in this report is segmented –
1) By Type: Single Glazing, Double Glazing, Triple Low-E glazing
2) By Material: Laminated, Tempered, Polycarbonate (PB)
3) By Technology: Sun Control Glazing, Hydrophobic Glazing, Switchable Glazing, Conventional
4) By Application: Windscreen, Sidelight, Bakelite
5) By Sales Channel: Original Equipment Manufacturers (OEM), Aftermarket
Subsegments:
1) By Single Glazing: Tempered Single Glazing, Laminated Single Glazing, Clear Single Glazing, Tinted Single Glazing, Safety Glass Single Glazing
2) By Double Glazing: Insulated Double Glazing, Acoustic Double Glazing, Low-E Coated Double Glazing, Solar-Control Double Glazing, Heat-Reflective Double Glazing
3) By Triple Low-E Glazing: Triple Low-E Glazing For Heat Insulation, Triple Glazing With Acoustic Properties, Triple Glazing With Uv Protection, High-Performance Triple Glazing For Electric Vehicles (EVS), Triple Glazing With Smart Glass Features (Electrochromic)
Which Market Trends Are Creating New Opportunities In The Automotive Glazing Industry?
Leading firms within the automotive glazing sector are prioritizing the creation of cutting-edge offerings, notably those featuring integrated solar power generation, as a strategy to enhance their market standing. Automotive glass now includes photovoltaic elements embedded directly within it for the purpose of converting sunlight into usable electrical energy. This technological advancement enables automobiles to capture solar energy, which could subsequently fuel auxiliary components or boost the operational distance of electric mobility solutions. Shifting to a specific example, in March of 2024, AGC Automotive Europe S.A., a producer of automotive glass based in Belgium, unveiled a panoramic sunroof equipped with photovoltaic technology designed for passenger transport like sedans, sport utility vehicles, and multi-purpose vehicles. Utilizing a glass-glass construction approach, this specific sunroof unit has the capacity to produce between 170 and 380 watts of power, contingent upon the total surface area allocated for the solar cells, and it integrates highly efficient cells achieving over 25 percent efficiency, examples of which include n-type TOPCon, HJT, or n-type xBC cell architectures.
Which Major Industry Participants Are Leading The Automotive Glazing Market Growth?
Major companies operating in the automotive glazing market are Compagnie de Saint-Gobain S.A., Saudi Basic Industries Corporation, Magna International Inc., Evonik Industries AG, Bayer MaterialScience, PPG Industries Inc., Asahi Glass Corporation, Corning Incorporated, Teijin Limited, Sisecam Automotive Bulgaria EAD, Trinseo PLC, Nippon Sheet Glass Co. Ltd, Fuyao Glass Industry Group Co. Ltd, Guardian Industries, Webasto Thermo & Comfort, Xinyi Glass Holdings Limited, Gentex Corporation, Pilkington Brothers Limited, Vitro SAB de CV, Glaston Corporation, Chi Mei Corporation, Dongguan Benson Automobile Glass Co, KRD Sicherheitstechnik GmbH
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How Is Automotive Glazing Market Demand Varying Across Different Regions?
Asia-Pacific was the largest region in the automotive glazing market in 2024. The regions covered in the automotive glazing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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