Automotive Glass Companies

Compagnie de Saint-Gobain S.A. (France) and Asahi Glass Corporation (AGC Inc) are leading players in Automotive Glass Market

The automotive glass market is projected to reach USD 30.6 billion by 2027 from an estimated USD 23.6 billion in 2022 at a CAGR of 5.4% during the forecast period. The base year for the report is 2021, and the forecast period is from 2022 to 2027.

The automotive glass market is expected to witness sustained growth due to growth in vehicle production, increase in demand for SUVs, and the resulting rise in the average area of glass used in an automobile. Also, emerging technologies in the automotive glass market, such as smart glass and gorilla glass, are aimed at enhancing comfort and efficiency, are expected to boost the demand for the automotive glass market during the forecast period.

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The automotive glass market is dominated by globally established players such as Compagnie de Saint-Gobain S.A. (France), Asahi Glass Corporation (AGC Inc) (Japan), Fuyao Glass Co, Ltd (China), Samvardhana Motherson (India), Webasto Group (Germany), Gentex Corporation (US) and Nippon Sheet Glass (NSG) (Japan) among others. These companies have developed new products, adopted expansion strategies, and undertaken collaborations, partnerships, and mergers & acquisitions to gain traction in this high-growth automotive glass market.

Compagnie de Saint-Gobain S.A. is one of the leading providers of automotive glass solutions. Moreover, to increase its focus on automotive smart glass, the company has started providing smart glass solutions under the ‘Sekurit brand. This will further help the company to penetrate deeper into the automotive glass market. Saint-Gobain focuses on consistent innovation in product development in automobile maintenance and sustainable solutions for passenger and commercial vehicles. As part of its key strategy, it is introducing newer, more advanced glass solutions by adopting newer technologies ranging from embedded glass to smart windshield solutions. The company has continued R&D activities to improve quality at every stage: design, development, production, sales, and service, including suppliers. The company recently acquired  High Tech Metal Seals (Belgium) and American Seal and Engineering Co, ltd both leading windshield sealing agent manufacturers. The acquisition has allowed the company to control the automotive glass component market and reduce market risk. The major competitive threat for Saint Gobain is the threat of new entrants with newer sophisticated technologies like polycarbonate solutions with simple designs, which can come up in recent times. Various regulatory provisions and changing global market dynamics challenge the automotive glass market worldwide.

AGC Inc. is another leading player in the automotive glass market. AGC Inc’s profit and cash flow are primarily driven by the glass business which strengthens the position of the company in the automotive glass market. AGC Inc. offers a diverse automotive glass solutions product portfolio that covers various vehicle types like passenger cars, commercial vehicles, and electric vehicles. Diversification of the product portfolio provides the company stability and makes it easier to deal with temporary market fluctuations. The strong aftermarket division provides its OEM expertise for the aftermarket through a relevant product and service portfolio. The brand image, awareness, and reputation of AGC Inc are instrumental for its higher market penetration in the automotive glass market. The in-house chemical and electronic segment has been able to improve its R&D capabilities. Its early investments in smart glass technology have made the company a leader in the automotive smart glass market. The ability to anticipate technological trends and respond early to customer needs by developing innovative solutions promptly is crucial for AGC Inc. The automotive industry is seeing an increasing demand for vehicle safety and autonomous driving functions. Due to the transition from hardware to software-defined technologies, electronic architectures are subject to rapid change. This entails operational and strategic development and technology risks. In August 2020, AGC Inc. have launched the ultra-thin screen for the roof system and windshield applications. The solution can utilize unused glass surfaces in a vehicle with no or limited modifications.

Related Reports:

Automotive Glass Market by Type (Laminated, Tempered), Application (Windshield, Sidelite & Backlite, Side & Rearview Mirror), Smart Glass (Technology, Application), Vehicle Type (ICE & Electric), Material, Aftermarket and Region - Global Forecast to 2027

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Automotive Glass Market Size,  Share & Growth Report
Report Code
AT 3709
RI Published ON
9/27/2022
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