According to the research report titled ‘Asia Pacific Automotive Glass Market Forecast 2027 By Application, By Product, By End-use, By Vehicle, Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share,’ available with MarketStudyReport, Asia Pacific automotive glass market is expected to accumulate USD 5,823.7 million during the period 2021-2027. 
 

Massive government investments, upsurge in car sales, and the presence of leading automobile makers particularly in countries like China and India are factors augmenting the growth of Asia Pacific automotive glass market.

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Moreover, factors like soaring consumption of automobiles among passengers, huge investments employed in the production of HCVs & LCVs, increasing consumer affordability, and favorable government regulations are also aiding the industry expansion.

Citing an instance, the government of India introduced a Production-Linked Incentive (PLI) initiative in 2021, wherein a budget of USD 35 billion was committed for the expansion of the automobile sector by promoting local manufacturing capabilities, including hydrogen fuel cell and electric vehicles. 

Based on end-user ambit, the OEM segment of Asia Pacific automotive glass market is anticipated to expand at 7% CAGR through 2027, due to focus among OEMs (original equipment manufacturers) for the production of appealing-shaped & well-designed vehicles with optimum passenger safety. The rise in the purchase of passenger cars, light commercial vehicles (LCVs), and heavy commercial vehicles (HCVs) is fueling the segmental share.

From an application standpoint, the windscreen vertical is estimated to progress at 7% CAGR during the projected timeline, owing to the vital role played by the product in passenger and vehicle safety, and quick & cost-effective replacements of windscreens facilitated by local vendors.

The prominent companies influencing the dynamics of Asia Pacific automotive glass industry are AGC, Inc. (formerly Asahi Glass Co. Limited), Fuyao Glass Industry Group Co., Ltd., Guardian Industries Corporation Ltd., Samvardhana Motherson International Limited (SAMIL), Compagnie de Saint-Gobain S.A., Xinyi Glass Holdings Limited, and Nippon Sheet Glass Co., Ltd. among others.