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Asia Pacific Automotive Glass Market Forecast 2027 By Application (Sidelite, Backlite, Windscreen), By Product (Laminated, Tempered), By End-use (OEM, Aftermarket), By Vehicle (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles), Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share
Published Date: October 2021 | Publisher: Graphical Research Report ID: GR1976 | Delivery : PDF  Request Free Sample

Asia Pacific Automotive Glass Market size crossed USD 3,456 million in 2020 and is projected to showcase more than 7.1% CAGR from 2021 to 2027. The growing number of four-wheelers including passenger & commercial vehicles will drive the industry revenue.

Asia Pacific Automotive Glass Market Value

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Asia Pacific contributes a major share to the global automotive glass market owing to the higher potential to consume automotive glasses for commercial & passenger vehicles. The ongoing trend of electric cars in several emerging economies including India is providing huge growth opportunities to the Asia Pacific market.

The coronavirus emergency has led to the momentary closure of automotive businesses around the world, lowering the prospects of automotive glass manufacturers; however, the demand rising from the nascent but fast-growing electric vehicle sector will result in a fast recovery over the near future. Advances in the automotive glass sector are continuously aimed at improving the material vigor of the product. Innovative & smart products, with a better consumer approach, are expected to fuel the market expansion post-COVID-19 period.

Asia Pacific Market, By Vehicle

Asia Pacific Automotive Glass Market, By Vehicle

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The passenger cars segment is poised to expand at 7.4% CAGR through 2027. Higher strength in glass enables better safety, while weight reduction improves fuel efficiency. This quality is quickly gaining ground among premium and sports car manufacturers. Automotive glass products are gaining importance for lavish style, and high-end car manufacturers have strategically experimented with the complete glass roof. Increasing safety concerns due to accidents and rising consumer priorities in the application of glass in passengers’ cars have created a huge demand in the market.

Asia Pacific Market, By End-Use

Asia Pacific Automotive Glass Market Value Share, By End-Use

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The OEM segment valuation will reach USD 5 billion in the Asia Pacific automotive glass market by 2027. The OEM end-user segment consumes a significant volume of automotive glass in the Asia Pacific region. Most of the passenger cars & commercial vehicles are purchased with attached automotive glass. Also, the rate of replacement and repurchase of such automotive glasses is low.

Asia Pacific Market, By Application

The windscreen applications segment will record 7% growth rate during the forecast period. The automotive glass in the windscreen plays a crucial role as it is regularly used and is an integral part of both passenger & car safety. Windscreen holds a major share among the application segment owing to a decent price coupled with crucial functionalities while driving.

Competitive Industry Landscape

The prominent participants in the Asia Pacific automotive glass market include Asahi Glass, Fuyao Glass Industry Group, Samvardhana Motherson, Xinyi Glass, Nippon Sheet Glass, Saint-Gobain, Guardian Industries Ltd., and AGC, Inc. Industry players are undergoing mergers & acquisitions to strengthen their market share. This strategy also enables manufacturers to expand their customer base and regional presence.
 

Frequently Asked Question(FAQ) :

The market size for automotive glass in Asia Pacific was surpassed USD 3,456 million in 2020 and is anticipated to expand at a CAGR of 7.1% between 2021 and 2027 driven by the soaring number of four-wheelers including passenger & commercial vehicles.
The market revenue from passenger cars will grow at a CAGR of 7.4% from 2021 to 2027 owing to increasing consumer priorities in glass application and rising safety concerns due to accidents.
The industry share from windscreen application will depict a growth rate of 7% through 2027 given the decent price and vital functionalities of windscreen while driving.
The market value from OEMs is set to exceed USD 5 billion up to 2027 as most of the commercial vehicles & passenger cars are purchased with attached automotive glass.
Major companies in the market comprise Fuyao Glass Industry Group, Nippon Sheet Glass, Samvardhana Motherson, Asahi Glass, Xinyi Glass, AGC, Inc., Guardian Industries Ltd., and others.

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