May 26, 2022
According to the research report titled ‘North America Automotive Glass Market Forecast 2027 By Vehicle, By Product, By End-use, By Application, Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share’, available with MarketStudyReport, North America automotive glass market is anticipated to accrue valuation worth USD 1,876 million by 2027.
Adoption of advanced technologies by automakers leading to enhanced car design like asymmetrical forms, glass sweeping roofline, and cross curvature windows, significant aerodynamics research aimed at increasing vehicle speed yielding innovative glass designs, and more flexibility in terms of production are factors driving the growth of North America automotive glass industry.
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Moreover, consumer inclination towards electric vehicles and lightweight automotive for better fuel efficiency and less carbon emissions, backed by rising environmental concerns, is creating a new opportunity for automobile manufacturers to explore, thus benefitting the industry.
Speaking of the product scope, the market bifurcation comprises laminated and tempered. The tempered glass category is estimated to account for 60% of total volume in the industry by 2027, due to widespread utilization in rear windows and side windows.
Analyzing by end-use outlook, North America automotive glass industry classification includes OEM and aftermarket. Based on application scope, the market is bifurcated into windscreen, sidelite, and backlite.
Talking about the vehicle type, the market is classified into heavy commercial vehicles, light commercial vehicles, and passenger cars. The market share of the passenger cars segment is predicted to expand at 7% CAGR through 2027, because of the normalization of macroeconomic factors post-pandemic, and a surge in consumer preference for personal transportation.
Moving on to the competitive landscape, Magna International Inc., Gentex Corporation, Vitro, Guardian Industries Ltd., Independent Glass Co. Ltd., Shatterprufe Windscreens, Compagnie de Saint-Gobain S.A., Webasto Group, Corning Inc., Central Glass America Inc., Nippon Sheet Glass Co. Ltd., LKQ Corporation, and AGC Inc. (previously Asahi Glass Co. Ltd.) are influencing North America automotive glass market trends.