Automotive Aftermarket Glass Market to Grow with a CAGR of 6.60% Globally through to 2028
Rising Vehicle Ownership and Aging Fleets, Technological
Advancements in Automotive Glass, and Safety Concerns and Regulatory Compliance
are factors driving the Global Automotive aftermarket glass market in the
forecast period 2024-2028.
According to TechSci Research report, “Global Automotive
Aftermarket Glass Market - Industry Size, Share, Trends, Competition
Forecast & Opportunities, 2028”, the Global Automotive Aftermarket
Glass Market stood at USD 4.4 billion in 2022 and is anticipated to grow with a
CAGR of 6.60% in the forecast period, 2024-2028. Automotive glass shields the occupants
from outside hazards while also safeguarding the vehicle's structure. It is
designed with cutting-edge, newly developed features like improved visibility,
noise reduction, and resistance to temperature changes from the outside. The
goal of vehicle aerodynamics research is to increase operating speed, and this
has produced a number of cutting-edge designs. It contributes to increasing the
demand for the product. The overall value and operational optimization of
automobile glass features have improved due to ongoing innovations. The
automotive industry's technological advancements contribute to achieving
optimal fuel efficiency and passenger safety. This has forced the manufacturers
to engage in extensive research and development, which is expected to support
the growth of the automotive aftermarket glass market.
Browse over market data Figures spread through XX Pages and an in-depth TOC on "Global Automotive Aftermarket Glass Market”
The global automotive aftermarket glass market is a
critical segment within the broader automotive industry, encompassing a wide
array of products and services related to vehicle glass replacement and repair.
As vehicles continue to proliferate globally, the demand for aftermarket glass
solutions has surged, driven by factors such as road accidents, natural disasters,
and wear and tear. This market plays a pivotal role in ensuring road safety,
vehicle aesthetics, and overall functionality, contributing significantly to
the automotive ecosystem. One of the primary drivers of the global automotive
aftermarket glass market is the pervasive issue of road accidents. Collisions,
impacts, and other accidents often result in damaged or shattered vehicle
glass, necessitating replacements. The aftermarket steps in to address this
demand, providing a range of glass products, including windshields, side
windows, and rear windows. The quality and durability of these aftermarket
glass solutions are paramount, as they directly impact the safety and structural
integrity of the vehicle. Natural disasters, such as hailstorms and floods,
also contribute to the robust growth of the automotive aftermarket glass
market. Severe weather events can cause extensive damage to vehicle glass,
requiring swift replacements to restore vehicles to roadworthy conditions. The
aftermarket industry responds with a supply chain that includes a variety of
glass types and grades to accommodate diverse vehicle models and customer
preferences. The flexibility and adaptability of the aftermarket play a crucial
role in meeting the unpredictable demands arising from natural disasters.
Wear and tear over a vehicle's lifespan represent
another key driver for the automotive aftermarket glass market. As vehicles
age, their glass components may experience deterioration due to environmental
factors, temperature variations, and everyday usage. Cracks, chips, and
scratches compromise the aesthetics and functionality of the glass, prompting
vehicle owners to seek aftermarket solutions for repairs or replacements. The
aftermarket offers a cost-effective alternative to original equipment manufacturer
(OEM) replacements, catering to a broad spectrum of vehicle owners with diverse
budget considerations.
The global automotive aftermarket glass market is
characterized by a wide range of products and services, catering to various
vehicle types, makes, and models. Windshields, being a critical safety
component, represent a significant share of the market. The aftermarket offers
laminated and tempered glass windshields, often designed to meet or exceed OEM
specifications. Side windows and rear windows, susceptible to damage in
accidents and break-ins, also form substantial segments of the aftermarket.
Additionally, specialty glass products, such as sunroofs and privacy glass,
contribute to the market's diversity, addressing the evolving preferences of
vehicle owners. The aftermarket glass market is not limited to individual
vehicle owners; it also serves the needs of commercial and fleet operators.
Commercial vehicles, including trucks, buses, and delivery vans, often face
higher risks of glass damage due to frequent and extensive use. The aftermarket
provides tailored solutions to these segments, ensuring that the replacement
glass meets the specific requirements of commercial vehicle operations. Fleet
managers rely on the aftermarket to maintain the safety and functionality of
their vehicles while optimizing costs through competitive pricing.
As the automotive aftermarket glass market expands,
technological advancements play a significant role in shaping product offerings
and services. Innovations in glass manufacturing techniques, such as augmented
reality for precision installations and advanced coatings for improved
visibility, enhance the overall quality and performance of aftermarket glass
products. The integration of smart technologies, such as heads-up displays and
advanced driver-assistance system (ADAS) sensors, into windshields adds a layer
of sophistication to the aftermarket, aligning with the broader trends of
connected and autonomous vehicles. The competitive landscape of the global
automotive aftermarket glass market includes a mix of established players,
regional suppliers, and specialized service providers. Established
manufacturers often leverage their expertise in glass production and supply
chain management to offer comprehensive aftermarket solutions. Regional
suppliers cater to specific geographical markets, addressing local preferences
and regulatory requirements. Specialized service providers focus on efficient
and customer-centric installation and repair services, creating niche markets
within the broader aftermarket.
Regulatory considerations also play a significant role
in shaping the dynamics of the global automotive aftermarket glass market.
Compliance with safety standards and regulations governing automotive glass
quality is crucial for aftermarket players. The market's responsiveness to
evolving safety standards, emissions regulations, and environmental
sustainability initiatives underscores the industry's commitment to aligning
with global regulatory frameworks. Adherence to these standards is not only a
legal requirement but also a key factor influencing consumer trust and
confidence in aftermarket products and services. Consumer awareness and
education initiatives contribute to the growth and sustainability of the global
automotive aftermarket glass market. Vehicle owners are increasingly informed
about their options when it comes to glass replacement and repair, understanding
the cost implications, quality considerations, and the importance of timely
interventions. Educational campaigns by aftermarket players and collaborations
with automotive service providers contribute to a more informed consumer base,
fostering a positive outlook on aftermarket solutions.
The global automotive aftermarket glass market is a
dynamic and integral component of the automotive industry, addressing the
diverse needs of vehicle owners and operators. Driven by factors such as road
accidents, natural disasters, and wear and tear, the aftermarket plays a
crucial role in ensuring the safety, functionality, and aesthetics of vehicles
worldwide. Technological advancements, regulatory compliance, and consumer
awareness are shaping the evolution of this market, emphasizing the industry's
commitment to delivering high-quality and innovative solutions. As the
automotive landscape continues to evolve, the aftermarket glass market remains
a resilient and adaptive sector, contributing to the overall sustainability and
safety of the global vehicle fleet.
Major companies operating in Global Automotive
Aftermarket Glass Market are:
- AGC Inc.
- Fuyao Glass Industry Group
Co., Ltd.
- Nippon Sheet Glass Co., Ltd
- Saint-Gobain
- Xinyi Glass Holdings Limited
- Vitro
- Central Glass Co., Ltd.
- Corning Incorporated
- Guardian Industries
- Taiwan Glass Ind. Corp.
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“The global
automotive aftermarket glass market thrives on the constant demand for
replacement and repair solutions driven by road accidents, natural disasters,
and wear and tear. Covering a diverse range of products and services, this
market addresses the critical need for safety, functionality, and aesthetics in
vehicles worldwide. From windshields to specialty glass products, the
aftermarket offers a variety of options, catering to individual vehicle owners
as well as commercial and fleet operators. Technological advancements,
including smart features and advanced coatings, enhance the overall quality of
aftermarket glass products. Regulatory compliance, industry expertise, and
consumer awareness contribute to the resilience and adaptability of this
market, ensuring it remains a vital component of the automotive ecosystem.”
said Mr. Karan Chechi, Research Director with TechSci Research, a
research-based management consulting firm.
“Automotive Aftermarket Glass
Market – Global Industry Size, Share, Trends, Opportunity,
and Forecast, Segmented By Type (Tempered
Glass, Laminated Glass), By Vehicle Type (Passenger Vehicles, Light Commercial
Vehicles, Heavy Commercial vehicles), By Application Type (Windscreen,
Backlite, Sunroof, Sidelight), By Region and Competition, 2018-2028”, has evaluated the future growth potential of Global Automotive
Aftermarket Glass Market and provides statistics & information on market
size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in Global Automotive
Aftermarket Glass Market.
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