Market Forecast by Countries (Germany, United Kingdom, France, Italy, Russia, Spain, Rest of Europe), 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: ETC4612468 | Publication Date: Jul 2023 | Updated Date: Oct 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 300 | |
Report Name | Europe Automotive Glass Market |
Forecast Period | 2024-2030 |
Forecast Size | USD 7.31 billion - USD 10.27 billion |
CAGR | 5.9% |
Growing Sector | Automotive |
Europe Automotive Glass Marketย report thoroughly covers the market By Countries, By Type, By Application, By Smart Glass, By Vehicle Type. The market 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.
Europe Automotive Glass Market was valued at USD 7.31 billion and is expected to reach USD 10.27 billion, growing at a CAGR of around 5.9% during the forecast period. The rising demand for passenger cars in Europe is one of the major driving forces behind the growth of the automotive glass market.
Europe Automotive Glass Market is expected to witness significant growth in the coming years, owing to the increasing demand for lightweight and fuel-efficient vehicles. The growing focus on vehicle safety regulations and advancements in automotive glass technologies are also contributing factors to this market's growth. Additionally, the rise in disposable incomes and consumer preference for luxury vehicles are expected to drive market growth further.
According to 6Wresearch, the Europe Automotive Glass Market Size is expected to reach at a significant CAGR of 5.9 % during the forecast period 2024-2030. One of the major drivers of this market is the rising production and sales of vehicles in Europe. The region has a strong presence of leading automobile manufacturers such as Volkswagen, BMW, and Daimler AG. These companies are constantly introducing new models with advanced features, which require high-quality automotive glass. Additionally, the growing trend towards electric and autonomous vehicles is also expected to boost the demand for automotive glass in the region.
Despite the Europe Automotive Glass Market Growth, the availability of substitutes and high installation costs pose significant threats to the market. Alternative materials such as polycarbonate and acrylic are gaining popularity due to their lightweight and shatter-resistant properties. This poses a threat to the demand for traditional glass in automotive applications. Moreover, the initial cost of installing advanced automotive glass is relatively high, which may deter budget-conscious consumers from opting for these products.
One of the major trends in the European automotive glass market is the increasing demand for lightweight and energy-efficient glass solutions. With stricter regulations on emissions and fuel efficiency, automakers are looking for ways to reduce the weight of their vehicles without compromising on safety. This has led to a rise in the use of advanced lightweight glass materials such as thin-film solar panels and polycarbonate glazing.
Another trend in the European automotive glass market is the integration of smart technologies into windshields and windows. Smart glasses, also known as heads-up display (HUD) glasses, provide real-time information to the driver without obstructing their view. This technology has gained popularity in luxury and high-end vehicles, but is slowly making its way into mainstream models as well.
Europe automotive glass Industry is one of the most lucrative in the world. With a high demand for advanced and innovative automotive glass products, major players in this market are constantly investing in research and development to meet the changing needs of consumers. One of the main factors driving investment opportunities in this market is the increasing demand for lightweight vehicles.
As governments across Europe enforce strict emission regulations, automakers are turning towards lighter materials like glass to reduce the overall weight of their vehicles. This not only helps them meet regulatory requirements but also improves fuel efficiency and reduces carbon emissions. As a result, there is a growing demand for advanced lightweight automotive glass products, creating numerous investment opportunities for manufacturers.
Several leading players dominate the Europe Automotive Glass Market share, including both international and local manufacturers. key players in the market are expected to focus on product innovations and partnerships to gain a competitive edge. Some of the leading players operating in the Europe automotive glass market include Saint-Gobain S.A., AGC Inc., Nippon Sheet Glass Co., Ltd., Xinyi Glass Holdings Limited, and Fuyao Glass Industry Group Co., Ltd.
Government regulations play a pivotal role in shaping in Europe have implemented strict regulations regarding vehicle safety standards. For instance, the European Union has mandated that all new cars be equipped with advanced safety features such as autonomous emergency braking, lane keep assist, and forward collision warning systems.
These regulations have led to an increased use of automotive glass in vehicles, driving the growth of the market. Additionally, the adoption of electric and autonomous vehicles is also expected to further propel the demand for automotive glass in the region.
The Europe automotive glass market is expected to witness continued growth in the coming years, driven by advancements in glass technology and increasing demand for safety features in vehicles. The introduction of new regulations and government initiatives promoting sustainable and eco-friendly transportation may also create opportunities for market growth. Additionally, collaborations and partnerships between key players in the market are expected to drive innovation and promote product development, further boosting the market's potential.
In conclusion, the European automotive glass market presents promising growth prospects during the forecast period due to various factors such as increasing vehicle production, advancements in glass technology, and government regulations promoting vehicle safety. However, challenges such as high costs and competition from alternative materials should be addressed to ensure sustained growth in the market. So, it is important for players in the market to stay updated with emerging trends and developments in order to stay competitive and tap into future opportunities for growth. Thus, a constant focus on research and development, as well as strategic partnerships, will be crucial for success in this dynamic industry.
The report offers a comprehensive study of the subsequent market segments and their leading categories.
Germany is one of the largest markets for automotive glass in Europe. The country has a strong automotive industry, which drives the demand for automotive glass. In addition, German automobile manufacturers are known for their high-quality and advanced technology vehicles, which require top-notch automotive glass. The growing trend of electric and autonomous vehicles in Germany is also expected to fuel the demand for specialized automotive glass.
According to Nitesh Kumar, Research Manager, 6Wresearch, One of the major segments within the automotive glass market is windshield, which is used in almost all types of vehicles. Windshields not only provide structural support to a vehicle, but also protect passengers from external elements such as dust, rain, and wind. The increasing adoption of advanced driver assistance systems (ADAS) has further fueled the demand for windshield in Europe.
The laminated type of automotive glass is currently experiencing a higher demand in Europe compared to tempered glass. This can be attributed to several factors such as its ability to reduce noise and vibration, provide better visibility, and improve overall safety in case of a collision.
Smart glass technology is revolutionizing the automotive industry, with its ability to switch between clear and opaque states at the touch of a button. This technology not only adds a modern touch to vehicles but also serves various practical purposes such as energy efficiency, safety, and privacy.
One of the main factors driving the growth of the Europe automotive glass market is the increasing demand for laminated glass in vehicles. Laminated glass offers improved safety and security features, making it a preferred choice for car manufacturers.
The market report has been segmented and sub segmented into the following categories:ย
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 Europe Automotive Glass Market Overview |
3.1 Europe Regional Macro Economic Indicators |
3.2 Europe Automotive Glass Market Revenues & Volume, 2020 & 2030F |
3.3 Europe Automotive Glass Market - Industry Life Cycle |
3.4 Europe Automotive Glass Market - Porter's Five Forces |
3.5 Europe Automotive Glass Market Revenues & Volume Share, By Countries, 2020 & 2030F |
3.6 Europe Automotive Glass Market Revenues & Volume Share, By Type, 2020 & 2030F |
3.7 Europe Automotive Glass Market Revenues & Volume Share, By Application, 2020 & 2030F |
3.8 Europe Automotive Glass Market Revenues & Volume Share, By Smart Glass, 2020 & 2030F |
3.9 Europe Automotive Glass Market Revenues & Volume Share, By Vehicle Type, 2020 & 2030F |
4 Europe Automotive Glass Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Europe Automotive Glass Market Trends |
6 Europe Automotive Glass Market, 2020 - 2030 |
6.1 Europe Automotive Glass Market, Revenues & Volume, By Type, 2020 - 2030 |
6.2 Europe Automotive Glass Market, Revenues & Volume, By Application, 2020 - 2030 |
6.3 Europe Automotive Glass Market, Revenues & Volume, By Smart Glass, 2020 - 2030 |
6.4 Europe Automotive Glass Market, Revenues & Volume, By Vehicle Type, 2020 - 2030 |
7 Germany Automotive Glass Market, 2020 - 2030 |
7.1 Germany Automotive Glass Market, Revenues & Volume, By Type, 2020 - 2030 |
7.2 Germany Automotive Glass Market, Revenues & Volume, By Application, 2020 - 2030 |
7.3 Germany Automotive Glass Market, Revenues & Volume, By Smart Glass, 2020 - 2030 |
7.4 Germany Automotive Glass Market, Revenues & Volume, By Vehicle Type, 2020 - 2030 |
8 United Kingdom Automotive Glass Market, 2020 - 2030 |
8.1 United Kingdom Automotive Glass Market, Revenues & Volume, By Type, 2020 - 2030 |
8.2 United Kingdom Automotive Glass Market, Revenues & Volume, By Application, 2020 - 2030 |
8.3 United Kingdom Automotive Glass Market, Revenues & Volume, By Smart Glass, 2020 - 2030 |
8.4 United Kingdom Automotive Glass Market, Revenues & Volume, By Vehicle Type, 2020 - 2030 |
9 France Automotive Glass Market, 2020 - 2030 |
9.1 France Automotive Glass Market, Revenues & Volume, By Type, 2020 - 2030 |
9.2 France Automotive Glass Market, Revenues & Volume, By Application, 2020 - 2030 |
9.3 France Automotive Glass Market, Revenues & Volume, By Smart Glass, 2020 - 2030 |
9.4 France Automotive Glass Market, Revenues & Volume, By Vehicle Type, 2020 - 2030 |
10 Italy Automotive Glass Market, 2020 - 2030 |
10.1 Italy Automotive Glass Market, Revenues & Volume, By Type, 2020 - 2030 |
10.2 Italy Automotive Glass Market, Revenues & Volume, By Application, 2020 - 2030 |
10.3 Italy Automotive Glass Market, Revenues & Volume, By Smart Glass, 2020 - 2030 |
10.4 Italy Automotive Glass Market, Revenues & Volume, By Vehicle Type, 2020 - 2030 |
11 Russia Automotive Glass Market, 2020 - 2030 |
11.1 Russia Automotive Glass Market, Revenues & Volume, By Type, 2020 - 2030 |
11.2 Russia Automotive Glass Market, Revenues & Volume, By Application, 2020 - 2030 |
11.3 Russia Automotive Glass Market, Revenues & Volume, By Smart Glass, 2020 - 2030 |
11.4 Russia Automotive Glass Market, Revenues & Volume, By Vehicle Type, 2020 - 2030 |
12 Spain Automotive Glass Market, 2020 - 2030 |
12.1 Spain Automotive Glass Market, Revenues & Volume, By Type, 2020 - 2030 |
12.2 Spain Automotive Glass Market, Revenues & Volume, By Application, 2020 - 2030 |
12.3 Spain Automotive Glass Market, Revenues & Volume, By Smart Glass, 2020 - 2030 |
12.4 Spain Automotive Glass Market, Revenues & Volume, By Vehicle Type, 2020 - 2030 |
13 Rest of Europe Automotive Glass Market, 2020 - 2030 |
13.1 Rest of Europe Automotive Glass Market, Revenues & Volume, By Type, 2020 - 2030 |
13.2 Rest of Europe Automotive Glass Market, Revenues & Volume, By Application, 2020 - 2030 |
13.3 Rest of Europe Automotive Glass Market, Revenues & Volume, By Smart Glass, 2020 - 2030 |
13.4 Rest of Europe Automotive Glass Market, Revenues & Volume, By Vehicle Type, 2020 - 2030 |
14 Europe Automotive Glass Market Key Performance Indicators |
15 Europe Automotive Glass Market - Opportunity Assessment |
15.1 Europe Automotive Glass Market Opportunity Assessment, By Countries, 2020 & 2030F |
15.2 Europe Automotive Glass Market Opportunity Assessment, By Type, 2020 & 2030F |
15.3 Europe Automotive Glass Market Opportunity Assessment, By Application, 2020 & 2030F |
15.4 Europe Automotive Glass Market Opportunity Assessment, By Smart Glass, 2020 & 2030F |
15.5 Europe Automotive Glass Market Opportunity Assessment, By Vehicle Type, 2020 & 2030F |
16 Europe Automotive Glass Market - Competitive Landscape |
16.1 Europe Automotive Glass Market Revenue Share, By Companies, 2023 |
16.2 Europe Automotive Glass Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Company Profiles |
18 Recommendations |
19 Disclaimer |