Market Forecast by Countries (South Africa, Nigeria, Kenya, Rest of Africa), By Type (Laminated, Tempered), By Application (Windshield, Sidelite & Backlite, Side & Rearview Mirror), By Smart Glass (Technology, Application), By Vehicle Type (Passenger Car, Light Commercial Vehicles, Heavy Commercial Vehicles, Electric Vehicles) And Competitive Landscape
Product Code: ETC4605006 | Publication Date: Jul 2023 | Updated Date: Mar 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 300 | |
Report Name | Africa Automotive Glass Market |
Forecast period | 2024-2030 |
CAGR | 4.21% |
Growing Sector | Commercial Vehicle |
Africa Automotive Glass Market report thoroughly covers the market By Countries, By Type, By Application, By Smart Glass, and By Vehicle Type. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Africa Automotive Glass Market is experiencing significant growth, driven by the expanding automotive industry and the increasing demand for vehicles across the continent. The key factors such as rising urbanization, improving economic conditions, and the growing preference for personal vehicles over public transportation are contributing to this surge to a major extent. The market is characterized by a mix of local manufacturers and global giants, creating a competitive environment that fosters innovation and quality improvements. Additionally, the rise in demand for safety features and energy-efficient vehicles is influencing the development of advanced automotive glass technologies in the region.
According to 6Wresearch, the Africa Automotive Glass Market size is anticipated to reach a CAGR of 4.21% during the forecast period of 2024-2030. The growth is propelled by several key factors, including increasing vehicle production and the burgeoning demand for premium vehicles equipped with advanced glass technologies. Major trends such as the integration of smart glass technologies for enhanced safety and comfort, and the adoption of lightweight glass for improved fuel efficiency, are shaping the market landscape. However, the industry faces restraints like the fluctuating costs of raw materials and the need for high capital investment in technological advancements. Nevertheless, emerging opportunities are abundant, especially in the electric vehicle sector, where innovative glass solutions for better battery efficiency and solar control are in demand. The Africa Automotive Glass Market Growth is also supported by governmental initiatives aimed at bolstering the automotive industry, making it a dynamic sector with a promising future.
The government have introduced policies and schemes aimed at bolstering the automotive glass market. These initiatives typically focus on encouraging local manufacturing, attracting foreign investment, and promoting the adoption of new technologies within the sector. For example, tax incentives for companies investing in glass manufacturing facilities, reduced tariffs on imported raw materials not available locally, and grants for research and development in eco-friendly and safety-enhanced automotive glass products. Some other policies that governments have implemented to support the automotive glass market include trade agreements with other countries and regions, development of infrastructure for transportation and logistics, and capacity building programs for local businesses.
The Africa automotive glass market is characterized by the presence of several key players who dominate the landscape. Prominent among these are Saint-Gobain SA, AGC Inc., Fuyao Glass Industry Group Co., Ltd., and Sisecam Group. These companies have established strong footholds in the market through continuous innovation, expansive distribution networks, and strategic partnerships.
The future of the Africa automotive glass industry appears promising, driven by the anticipated growth in the automotive industry, increasing vehicle penetration, and the rising demand for safety and comfort features among consumers. Technological advancements, such as smart glass equipped with electronic functionalities, offer significant growth opportunities. Additionally, the growing emphasis on environmental sustainability is pushing manufacturers towards producing eco-friendly and energy-efficient glass, setting the stage for the next phase of market evolution in the region. Furthermore, the adoption of advanced manufacturing techniques and materials is expected to drive down production costs, resulting in more affordable automotive glass options for consumers.
According to Dhaval, Research Manager, 6Wresearch, Electric Vehicles (EVs) are experiencing growth due to the increasing adoption of electric vehicles across the continent, driven by governmental policies promoting sustainable transportation and advancements in EV technology.
By Smart Glass, the Adaptive Windshields category dominates the Africa Automotive Glass Market Share over the forecast period. The growing demand for these adaptive windshields reflects the automotive industry's shift towards increased safety, comfort, and efficiency, aligning with broader trends towards smart technology integration in vehicles.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Africa Automotive Glass Market Overview |
3.1 Africa Regional Macro Economic Indicators |
3.2 Africa Automotive Glass Market Revenues & Volume, 2020 & 2030F |
3.3 Africa Automotive Glass Market - Industry Life Cycle |
3.4 Africa Automotive Glass Market - Porter's Five Forces |
3.5 Africa Automotive Glass Market Revenues & Volume Share, By Countries, 2020 & 2030F |
3.6 Africa Automotive Glass Market Revenues & Volume Share, By Type, 2020 & 2030F |
3.7 Africa Automotive Glass Market Revenues & Volume Share, By Application, 2020 & 2030F |
3.8 Africa Automotive Glass Market Revenues & Volume Share, By Smart Glass, 2020 & 2030F |
3.9 Africa Automotive Glass Market Revenues & Volume Share, By Vehicle Type, 2020 & 2030F |
4 Africa Automotive Glass Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Africa Automotive Glass Market Trends |
6 Africa Automotive Glass Market, 2020-2030 |
6.1 Africa Automotive Glass Market, Revenues & Volume, By Type, 2020-2030 |
6.2 Africa Automotive Glass Market, Revenues & Volume, By Application, 2020-2030 |
6.3 Africa Automotive Glass Market, Revenues & Volume, By Smart Glass, 2020-2030 |
6.4 Africa Automotive Glass Market, Revenues & Volume, By Vehicle Type, 2020-2030 |
7 South Africa Automotive Glass Market, 2020-2030 |
7.1 South Africa Automotive Glass Market, Revenues & Volume, By Type, 2020-2030 |
7.2 South Africa Automotive Glass Market, Revenues & Volume, By Application, 2020-2030 |
7.3 South Africa Automotive Glass Market, Revenues & Volume, By Smart Glass, 2020-2030 |
7.4 South Africa Automotive Glass Market, Revenues & Volume, By Vehicle Type, 2020-2030 |
8 Nigeria Automotive Glass Market, 2020-2030 |
8.1 Nigeria Automotive Glass Market, Revenues & Volume, By Type, 2020-2030 |
8.2 Nigeria Automotive Glass Market, Revenues & Volume, By Application, 2020-2030 |
8.3 Nigeria Automotive Glass Market, Revenues & Volume, By Smart Glass, 2020-2030 |
8.4 Nigeria Automotive Glass Market, Revenues & Volume, By Vehicle Type, 2020-2030 |
9 Kenya Automotive Glass Market, 2020-2030 |
9.1 Kenya Automotive Glass Market, Revenues & Volume, By Type, 2020-2030 |
9.2 Kenya Automotive Glass Market, Revenues & Volume, By Application, 2020-2030 |
9.3 Kenya Automotive Glass Market, Revenues & Volume, By Smart Glass, 2020-2030 |
9.4 Kenya Automotive Glass Market, Revenues & Volume, By Vehicle Type, 2020-2030 |
10 Rest of Africa Automotive Glass Market, 2020-2030 |
10.1 Rest of Africa Automotive Glass Market, Revenues & Volume, By Type, 2020-2030 |
10.2 Rest of Africa Automotive Glass Market, Revenues & Volume, By Application, 2020-2030 |
10.3 Rest of Africa Automotive Glass Market, Revenues & Volume, By Smart Glass, 2020-2030 |
10.4 Rest of Africa Automotive Glass Market, Revenues & Volume, By Vehicle Type, 2020-2030 |
11 Africa Automotive Glass Market Key Performance Indicators |
12 Africa Automotive Glass Market - Opportunity Assessment |
12.1 Africa Automotive Glass Market Opportunity Assessment, By Countries, 2020 & 2030F |
12.2 Africa Automotive Glass Market Opportunity Assessment, By Type, 2020 & 2030F |
12.3 Africa Automotive Glass Market Opportunity Assessment, By Application, 2020 & 2030F |
12.4 Africa Automotive Glass Market Opportunity Assessment, By Smart Glass, 2020 & 2030F |
12.5 Africa Automotive Glass Market Opportunity Assessment, By Vehicle Type, 2020 & 2030F |
13 Africa Automotive Glass Market - Competitive Landscape |
13.1 Africa Automotive Glass Market Revenue Share, By Companies, 2023 |
13.2 Africa Automotive Glass Market Competitive Benchmarking, By Operating and Technical Parameters |
14 Company Profiles |
15 Recommendations |
16 Disclaimer |