by The global automotive aftermarket glass market size is expected to be worth around USD 4.88 billion by 2032 from USD 2.94 billion in 2023 and is poised to grow at a CAGR of 5.80% during the forecast period from 2023 to 2032.
Key Takeaways
- Asia-Pacific contributed more than 54% of market share in 2022.
- North America is estimated to expand at the fastest CAGR between 2023 and 2032.
- By product, the tempered glass segment has held the largest market share of 51% in 2022.
- By product, the laminated glass segment is anticipated to grow at a remarkable CAGR of 6.2% between 2023 and 2032.
- By vehicle type, the passenger cars segment generated over 66% of market share in 2022.
- By vehicle type, the light commercial vehicles (LCV) segment is expected to expand at the fastest CAGR over the projected period.
- By application, the sidelite segment generated over 33% of the market share in 2022.
- By application, the backlite segment is expected to expand at the fastest CAGR over the projected period.
The Automotive Aftermarket Glass Market encompasses the secondary market for vehicle glass replacement and repair services. This sector plays a crucial role in maintaining vehicle safety and aesthetics by addressing damages to windshields, windows, and mirrors. As vehicles on the road continue to increase, the demand for aftermarket glass solutions is concurrently growing, driven by the necessity to replace damaged or worn-out automotive glass components.
Growth Factors:
Several factors contribute to the growth of the Automotive Aftermarket Glass Market. Firstly, the rising global vehicle parc, coupled with an increase in the average lifespan of vehicles, boosts the demand for replacement glass. Additionally, advancements in automotive technologies and safety features drive the need for specialized glass solutions, stimulating market expansion. The aftermarket segment benefits from consumers opting for cost-effective glass repair and replacement services as an alternative to expensive original equipment manufacturer (OEM) solutions.
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Drivers:
Key drivers propelling the Automotive Aftermarket Glass Market include stringent safety regulations mandating the use of high-quality glass materials. Consumer awareness regarding the importance of timely glass replacement for maintaining vehicle safety is another significant driver. Furthermore, the prevalence of road accidents and natural elements causing glass damage creates a continuous demand for aftermarket glass services, prompting market growth.
Trends:
Emerging trends in the Automotive Aftermarket Glass Market include a shift towards advanced technologies such as smart glass and augmented reality windshields. These technologies offer enhanced functionality, including heads-up displays and adaptive tinting, contributing to both safety and user experience. Additionally, environmentally conscious practices are fostering the development of eco-friendly glass materials, aligning with the growing trend of sustainable automotive solutions.
Automotive Aftermarket Glass Market Scope
| Report Coverage | Details |
| Growth Rate from 2023 to 2032 | CAGR of 5.80% |
| Market Size in 2023 | USD 2.94 Billion |
| Market Size by 2032 | USD 4.88 Billion |
| Largest Market | Asia Pacific |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Segments Covered | By Product, By Vehicle Type, and By Application |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Product
- Tempered Glass
- Laminated Glass
- Others
The Automotive Aftermarket Glass Market offers a diverse array of products to cater to the replacement and repair needs of vehicle glass components. Key product categories include windshields, side windows, rear windows, and other specialized glass elements. Windshields, being a critical safety component, constitute a significant portion of the aftermarket glass market, with advancements in materials and technologies enhancing their durability and safety features. Side windows and rear windows also contribute to the product landscape, addressing various types of damages or wear and tear experienced by vehicles.
Vehicle Type
- Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
The Automotive Aftermarket Glass Market is segmented based on the type of vehicles for which glass replacement and repair services are sought. This segmentation typically includes passenger cars, light commercial vehicles (LCVs), and heavy commercial vehicles (HCVs). Passenger cars represent a substantial portion of the market, given the high volume of these vehicles on the road and the frequency of glass-related issues they encounter. LCVs and HCVs also contribute significantly, with their unique glass requirements often necessitating specialized solutions.
Application
- Windscreen
- Backlite
- Sidelite
- Others
The application segment further categorizes the Automotive Aftermarket Glass Market based on the specific purposes for which glass replacement is sought. Common applications include automotive glass replacement for collision damage, cracks, chips, or general wear and tear. Additionally, the market caters to specific applications such as sunroof replacements, where panoramic or sunroof glass elements are replaced or repaired. Specialty applications may also include the replacement of smart glass components, incorporating advanced technologies like Heads-Up Displays (HUDs) and adaptive tinting.
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Recent Developments
- In May 2022, NSG Group announced plans to integrate its automotive glass business in China with SYP Kangqiao Autoglass Co., Ltd., a leading Chinese automotive glass manufacturer. This strategic move is aimed at bolstering NSG Group’s capacity to meet the growing demands of Chinese automobile manufacturers, reinforcing its position in the market.
- In March 2022, LKQ Corporation finalized an agreement with One Equity Partners to sell PGW Auto Glass, a prominent distributor of aftermarket glass in North America. With an extensive network of over 100 distribution branches and a customer base exceeding 27,000 in the U.S. and Canada, PGW Auto Glass utilizes a fleet of 500 vehicles to efficiently deliver a range of automotive products, including windshields and tempered glass, to over 9,000 installation customers.
- In March 2019, North American automotive-glass manufacturer Vitro committed a significant investment of USD 60 million to advance cutting-edge technologies. This strategic investment, focused on the North American market, aimed to reinforce Vitro’s position as a premier supplier to original equipment manufacturers (OEMs) and aftermarket customers, showcasing the company’s commitment to innovation and market leadership.
Competitive Landscape:
The competitive landscape of the Automotive Aftermarket Glass Market is characterized by the presence of both regional and global players. Key market participants are actively engaged in product development, strategic collaborations, and mergers to gain a competitive edge. Strong distribution networks and service centers are crucial for aftermarket glass providers to efficiently cater to the diverse needs of consumers. Factors such as pricing, product quality, and brand reputation heavily influence the competitive dynamics in this market. As technology continues to evolve, companies that can adapt to innovative glass solutions and provide efficient services will likely dominate the competitive landscape.
Automotive Aftermarket Glass Market Companies
- Saint-Gobain
- AGC Inc.
- Nippon Sheet Glass Co., Ltd. (NSG Group)
- Fuyao Glass Industry Group Co., Ltd.
- Magna International Inc.
- Xinyi Glass Holdings Limited
- Guardian Industries
- Corning Incorporated
- Vitro, S.A.B. de C.V.
- PPG Industries, Inc.
- Shenzhen Benson Automobile Glass Co., Ltd.
- Asahi Glass Co., Ltd.
- Central Glass Co., Ltd.
- Webasto SE
- Carlex Glass America LLC
Segments Covered in the Report
By Product
- Tempered Glass
- Laminated Glass
- Others
By Vehicle Type
- Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
By Application
- Windscreen
- Backlite
- Sidelite
- Others
By Geography
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
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