APAC Automotive Glass Market size is estimated to surpass USD 5,823.7 million by 2027, according to a latest forecast report by Graphical Research. The growing number of four-wheelers including passenger vehicles & commercial vehicles is expected to drive the industry growth.
Asia Pacific holds over 45% share in automotive glass industry. Factors including accelerated consumption of passenger cars, increased investments in heavy & light commercial vehicles commercial, increasing affordability of consumers, and supportive government policies, are boosting industry growth. For instance, in 2021, the Government of India approved a Production-Linked Incentive (PLI) scheme with a budget allocation of around USD 35 billion to increase the manufacturing capabilities of the automobile industry domestically including electric & hydrogen fuel cell vehicles. This will accelerate the manufacturing capabilities in the country, leading to a higher demand for automotive glass over the upcoming years.
Urbanization has made a significant contribution to the growth of passenger cars and transport activities, especially in developing economies. The increased transportation and logistics demand a higher number of light & heavy commercial vehicles, in turn, boosting the market for the Asia Pacific region. Major automobile players are constantly exploring the potential of the market with key strategies such as product launches. This will result in the consumption of automotive glass in the OEM market.
Browse detailed statistical insights from the report, “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” along with the table of contents (ToC) @
The laminated glass segment is expected to witness 7% CAGR through 2027. The laminated type of automated glass is used in top-end models of luxury vehicles and is majorly used in vehicle windshields. Laminated side finishing in automobiles is one of the most preferred automotive technologies in the current market. It provides improved safety to passengers if the vehicle flips over in an accident.
The sidelite segment will exhibit a CAGR of 8% from 2021 to 2027. The higher applications of passenger vehicles, heavy commercial vehicles, and light commercial vehicles will propel segment growth. As the replacement of the sidelite is usually high, it is expected to drive segment growth at a faster pace.
The OEM end-user segment is set to observe around 7% growth rate during the forecast period. Most of the new automobiles are sold with glasses. As these glasses are purchased by OEMs and then assembled, the consumption of automotive glasses is observed to be significantly high in the OEM end-user market. Also, the consumption of new passenger cars, light commercial vehicles, heavy commercial vehicles, will drive the market growth.
The APAC automotive glass market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilotons & revenue in USD Million from 2016 to 2027 for the following segments:
Asia Pacific Market, By Product
Asia Pacific Market, By End-Use
Asia Pacific Market, By Application
Asia Pacific Market, By Vehicle
- Passenger car
- Light Commercial Vehicle
- Heavy Commercial Vehicle
The above information has been provided for the following countries:
- Asia Pacific
- South Korea
- Rest of Asia Pacific