Press Release

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.

 

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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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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

Automotive | Jan, 2024

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.

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