The automotive glass industry plays a crucial role in the overall vehicle manufacturing and aftermarket sectors. In this blog post, we will dive into the latest statistics and trends shaping this industry, providing valuable insights for stakeholders and enthusiasts alike. From production volumes to market shares, safety regulations to technological advancements, we will explore the data driving the automotive glass industry forward. Join us as we analyze the statistics that are driving innovation and growth in this dynamic sector.
The Latest Automotive Glass Industry Statistics Explained
The global automotive glass market size was valued at $30.3 billion in 2019.
The statistic indicates that the total market value of automotive glass across the globe reached $30.3 billion in 2019. This figure represents the monetary worth of automotive glass products sold within the industry during that year. Market size is a key metric for assessing the overall health and scale of a particular industry, in this case, the automotive glass sector. The size of the market at $30.3 billion implies significant demand for automotive glass products worldwide, reflecting growth and opportunities within the industry for manufacturers, suppliers, and other stakeholders.
The global automotive glass market is projected to reach $46.4 billion by 2026.
The statistic that the global automotive glass market is projected to reach $46.4 billion by 2026 indicates the anticipated financial value of the market for automotive glass products by that year. This projection suggests that there is expected growth and increasing demand for automotive glass, likely driven by factors such as advancements in automotive technology, increased production and sales of vehicles globally, and expanding urbanization leading to a higher need for automotive glass replacements. Manufacturers, suppliers, and other stakeholders in the automotive glass industry can use this statistic to make informed decisions regarding investments, marketing strategies, and product development to capitalize on the projected growth in the market.
The global automotive glass industry growth rate is expected to be 4.5% between 2020 to 2027.
The statistic ‘The global automotive glass industry growth rate is expected to be 4.5% between 2020 to 2027’ indicates the projected rate of expansion for the automotive glass sector over the specified time period. This growth rate of 4.5% suggests that the industry is anticipated to experience a steady and consistent increase in market size and demand for automotive glass products. Factors such as increasing vehicle production, technological advancements in glass manufacturing, and rising consumer preferences for advanced safety features in vehicles may contribute to this growth rate. This statistic can be valuable for industry stakeholders, policymakers, and investors in understanding and planning for the future trajectory of the global automotive glass market.
The windscreen segment dominated the market in 2019, accounting for 47.7% share.
The statistic indicates that in 2019, the windscreen segment held the largest market share compared to other segments within the industry. Specifically, the windscreen segment accounted for 47.7% of the total market, showcasing its dominance in the market during that year. This suggests that windscreen-related products or services were in high demand or were more popular among consumers compared to other offerings within the industry. Understanding the dominance of the windscreen segment can be valuable for businesses in terms of market strategy, product development, and targeting specific customer needs within the industry.
Laminated glass was the dominant glass type, accounting for 56.2% share in 2019.
The statistic indicates that in 2019, laminated glass was the most prevalent type of glass used, comprising 56.2% of the total market share for glass products. This suggests that a majority of glass products in the market were manufactured using laminated glass during that year. Laminated glass is known for its safety features as it is constructed with a layer of polyvinyl butyral (PVB) or resin between two glass sheets, which provides strength and resilience against impact. The dominance of laminated glass in the market indicates a preference for its safety and durability features among consumers and businesses, highlighting its significance in the glass industry.
Asia Pacific region dominated the global automotive glass market in 2019 with more than 50% market share.
The statistic indicates that in the year 2019, the Asia Pacific region had a significant impact on the global automotive glass market, holding more than 50% of the market share. This dominance suggests that the Asia Pacific region was a key player in the industry, likely due to factors such as the large population and increasing demand for automobiles in countries within the region. The strong market share held by the Asia Pacific region highlights its importance in shaping the overall landscape of the global automotive glass market in 2019, with implications for industry dynamics, competition, and future trends within the sector.
Europe is expected to witness significant growth, registering a CAGR of 4.3% in terms of revenue from 2020 to 2027.
This statistic indicates that Europe is projected to experience substantial growth in terms of revenue over the period from 2020 to 2027, with a Compound Annual Growth Rate (CAGR) of 4.3%. This means that, on average, the revenue in Europe is expected to increase by 4.3% annually during this time frame. The CAGR metric provides a smooth representation of the growth rate over the entire period by accounting for compounding effects, allowing for a more accurate assessment of the revenue trend. The significant growth projected for Europe suggests positive economic prospects and business opportunities within the region during the specified period.
China is the world’s largest automotive glass market, contributing to over 25% of global demand.
This statistic indicates that China plays a significant role in the global automotive glass market as it accounts for more than a quarter of the total demand worldwide. This suggests that China has a strong presence in the automotive industry, both as a major consumer of automotive glass products and as a crucial market for manufacturers and suppliers operating in the sector. The high demand for automotive glass in China reflects the country’s large population, growing economy, and increasing levels of vehicle ownership and production. As a major player in the automotive glass market, developments and trends in China can have substantial implications for the global automotive industry as a whole.
Tempered automotive glass accounts for 58% of the global automotive glass market share in 2020.
The statistic states that tempered automotive glass, a type of specially treated glass known for its increased strength and safety features, comprises 58% of the total market share for automotive glass worldwide in the year 2020. This indicates that a significant majority of automotive glass used in vehicles across the globe is tempered glass, highlighting its popularity and widespread adoption within the automotive industry. The high market share of tempered glass suggests that it is considered a preferred choice due to its durability, safety properties, and overall performance, reflecting the importance of these factors in the selection of automotive glass by manufacturers and consumers alike.
The adoption rate of sunroof is expected to grow to 61% by 2027.
This statistic indicates that the proportion of vehicles equipped with sunroofs, referred to as the adoption rate of sunroofs, is projected to increase to 61% by the year 2027. This growth in adoption rate suggests a rising preference among consumers for vehicles that have sunroofs. Factors driving this trend could include increasing consumer demand for features that enhance the driving experience, aesthetics, and overall value of the vehicle, as well as advancements in technology that make sunroofs more accessible and affordable. The projected increase in adoption rate implies a potential shift in the market towards sunroof-equipped vehicles and highlights the importance of this feature in the automotive industry’s future product offerings.
Passenger cars held more than 40% of the volume share in 2019.
The statistic ‘Passenger cars held more than 40% of the volume share in 2019’ indicates that passenger cars accounted for over 40% of the total sales or market share within the automotive industry in the year 2019. This suggests that out of all the vehicles sold or produced during that year, passenger cars represented a significant portion. This statistic reflects the strong demand and popularity of passenger cars compared to other types of vehicles such as trucks, SUVs, or motorcycles. This information can be valuable for automakers, investors, and policymakers to understand consumer preferences and market trends within the automotive sector.
The revenue contribution of vehicles equipped with smart glass is expected to cross $700M by 2026.
This statistic suggests that the revenue generated by vehicles that are equipped with smart glass technology is projected to exceed $700 million by the year 2026. This indicates a growing trend in the automotive industry towards adopting smart glass features in vehicles, which offer benefits such as enhanced safety, comfort, and convenience for drivers and passengers. The increasing adoption of smart glass technology in vehicles is likely driven by advancements in automotive technology, consumer demand for innovative features, and the potential for revenue generation for manufacturers and suppliers in the industry.
Construction of factories producing automotive glass in first-tier Chinese cities has increased by over 10% annually since 2015.
The statistic indicates a significant upward trend in the construction of factories producing automotive glass in first-tier Chinese cities, with an annual growth rate exceeding 10% each year starting from 2015. This data suggests a growing demand for automotive glass in China, potentially driven by factors such as the expanding automotive industry, increasing vehicle ownership rates, and rising demand for high-quality automotive products. The consistent annual growth rate indicates a stable and lucrative market for automotive glass manufacturers and investors in first-tier Chinese cities, highlighting the importance of this sector in the automotive industry’s development and overall economic growth in the region.
South America automotive glass market is expected to grow with a CAGR of over 3% during the forecast period of 2021 to 2026.
This statistic indicates that the automotive glass market in South America is projected to experience a Compound Annual Growth Rate (CAGR) exceeding 3% over the period from 2021 to 2026. This growth rate suggests a steady increase in demand for automotive glass products in the region over the forecasted period. Factors driving this growth may include rising automobile sales, increased focus on vehicle safety and aesthetics, and advancements in glass technology. The CAGR metric is commonly used to measure the average annual growth rate of an investment or market and signals a positive outlook for the South America automotive glass market over the next five years.
APAC region to account for over 75% of the global market by 2024.
The statistic ‘APAC region to account for over 75% of the global market by 2024’ indicates that the Asia-Pacific region is expected to have a dominant presence in the global market, surpassing all other regions and representing more than three-quarters of the total market share by the year 2024. This suggests a significant shift in the balance of global economic power towards the APAC region, encompassing countries such as China, India, Japan, and South Korea. Factors contributing to this projection may include rapid economic growth, increasing consumer demand, technological advancements, and favorable business environments in the APAC countries. This statistic highlights the growing importance of the APAC region as a key player in the global economy and underscores the need for businesses to pay attention to the opportunities and challenges presented by this trend.
In Brazil, the production of vehicles has increased by around 14.2% till July 2019 as compared to the same period of the previous year.
The statistic indicates that in Brazil, the production of vehicles experienced significant growth of approximately 14.2% during the period up to July 2019 compared to the same period in the previous year. This sharp increase suggests a notable improvement in the automotive industry’s output within the country. Factors such as increased demand, improved economic conditions, and potentially enhanced production efficiencies may have contributed to this growth. The statistic implies a positive trend in the vehicle manufacturing sector and could indicate economic growth and stability in Brazil during the specified period.
Original equipment manufacturers (OEM) application segment dominated the market and held 80.4% of the total revenue in 2019.
The statistic indicates that in 2019, the original equipment manufacturers (OEM) application segment was the leading sector in terms of revenue contribution within a specific market. Specifically, the OEM segment held a substantial 80.4% share of the total revenue generated in that market. This dominance suggests that products and services catering to OEMs, who purchase components and systems to integrate into their own products, were the primary drivers of revenue for businesses operating in this particular market. The high market share held by the OEM segment underscores its significant influence and importance within the industry landscape in 2019.
The North American automotive glass market size was valued at USD 5.68 billion in 2019.
The statistic indicates that the North American automotive glass market, which includes glass used in vehicles such as cars, trucks, and other automobiles, had a total value of $5.68 billion in the year 2019. This figure represents the total revenue or sales generated by the automotive glass industry within North America during that specific year. The market size provides insight into the scale and economic importance of the automotive glass sector within the region, highlighting the significant financial value associated with the production and sale of automotive glass products. This information can be useful for industry stakeholders, policymakers, and investors in understanding the market dynamics and trends within the North American automotive glass industry.
Replacement sales accounted for 26.8% of the North American revenue in 2019.
The statistic “Replacement sales accounted for 26.8% of the North American revenue in 2019” indicates that a substantial portion of the total revenue generated in North America during that year came from sales related to replacements. This suggests that a significant number of consumers in the region were purchasing products or services as replacements for existing ones, rather than for new needs or expansions. Understanding the proportion of revenue derived from replacement sales can provide insights into consumer behavior patterns, market trends, and overall business performance within the region.
Conclusion
The statistics presented in this blog post highlight the steady growth and evolving trends within the automotive glass industry. As technology advances and sustainability becomes a key focus, companies in this sector are innovating and adapting to meet changing consumer demands. With a promising future ahead, the automotive glass industry looks set to continue its upward trajectory.
References
0. – https://www.www.millioninsights.com
1. – https://www.www.mordorintelligence.com
2. – https://www.www.grandviewresearch.com
3. – https://www.www.gminsights.com
4. – https://www.www.researchandmarkets.com
5. – https://www.www.alliedmarketresearch.com
6. – https://www.www.technavio.com
7. – https://www.www.marketresearchfuture.com
8. – https://www.www.fortunebusinessinsights.com
9. – https://www.www.marketsandmarkets.com
