Market Forecast 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: ETC4565493 | Publication Date: Jul 2023 | Updated Date: Jan 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Bangladesh automotive glass market report thoroughly covers the market by type, by application, by smart glass, and 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.
The Bangladesh automotive glass market exhibits a blend of local production and imports, with a notable share sourced from global manufacturers. Additionally, environmental sustainability concerns are driving the development of eco-friendly automotive glass recycling practices. The digitalization of retail and aftermarket services is making it easier for consumers to access high-quality automotive glass products and services, thereby positively influencing the market dynamics.
According to 6Wresearch, Bangladesh automotive glass market is expected to grow at a significant CAGR of 5.9% during the forecast period 2025-2031. The automotive glass market in Bangladesh is experiencing growth due to several key factors. First and foremost, the increasing vehicle production and sales driven by the rising middle-class population and their growing disposable incomes are significantly boosting demand for automotive glass. Additionally, the expansion and modernization of the automotive repair and replacement sector have further propelled the market forward.
Government initiatives aimed at enhancing the transportation infrastructure, along with the influx of foreign investments in the automotive sector, are also contributing to the upward trajectory of the automotive glass market in Bangladesh. Despite the promising growth prospects, the market faces its share of obstacles. One of the primary challenges is the prevalence of low-quality and counterfeit automotive glass products and import dependency for high-quality automotive glass presents another challenge, making the market susceptible to currency fluctuation and import regulations. Despite these challenges, the Bangladesh automotive glass market growth is surging with some ongoing trends. The growing emphasis on safety and advanced driver-assistance systems (ADAS) is leading to innovations in automotive glass, including laminated and tempered glass that offer enhanced safety features. The adoption of smart glass technology, capable of adjusting light transmission and improving energy efficiency in vehicles, is on the rise.
The Bangladesh automotive glass market is characterized by a blend of local and international competitors. Key players such as AGC Automotive, Saint-Gobain, and Fuyao Group dominate with extensive global reach and diverse product lines. These companies cater to a variety of automotive glass needs. Concurrently, local manufacturers and distributors are gaining traction.
The Bangladesh automotive glass market is experiencing growth due to government initiatives aimed at bolstering the automotive sector. Tax incentives for local production and import of necessary materials and machinery have been introduced, indirectly benefiting the automotive glass industry. Moreover, efforts to enhance the policy environment to attract foreign investment in automotive manufacturing, including glass production, are underway. These initiatives signify a proactive approach by the Bangladeshi government towards fostering a conducive environment for automotive industry growth, ultimately benefiting sectors like automotive glass manufacturing.
The Bangladesh automotive glass industry is on a trajectory of sustained expansion. Foreseeable growth is anchored by rising automobile sales, propelled by economic expansion and infrastructure projects. Technological strides, especially in safety enhancements and electric vehicle integration, are poised to catalyze novel uses of automotive glass, fostering fresh avenues for advancement.
According to Ravi Bhandari, Research Head, 6Wresearch, smart glass technology is steadily gaining traction, particularly with applications in sunroofs and rearview mirrors. Among these, the electrochromic smart glass stands out as the leading technology. This is primarily due to its ability to adjust the tint level automatically or manually, which contributes significantly to reducing glare, enhancing privacy, and improving the overall driving experience.
Based on vehicle type, passenger cars take the lead in terms of demand for automotive glass. This trend aligns with the increasing sales of passenger vehicles in the country, driven by growing urbanization and the rising purchasing power of the middle class. The growing preference for personal vehicles over public transport due to the desire for comfort and safety.
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 Bangladesh Automotive Glass Market Overview |
3.1 Bangladesh Country Macro Economic Indicators |
3.2 Bangladesh Automotive Glass Market Revenues & Volume, 2021 & 2031F |
3.3 Bangladesh Automotive Glass Market - Industry Life Cycle |
3.4 Bangladesh Automotive Glass Market - Porter's Five Forces |
3.5 Bangladesh Automotive Glass Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Bangladesh Automotive Glass Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Bangladesh Automotive Glass Market Revenues & Volume Share, By Smart Glass, 2021 & 2031F |
3.8 Bangladesh Automotive Glass Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
4 Bangladesh Automotive Glass Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Bangladesh Automotive Glass Market Trends |
6 Bangladesh Automotive Glass Market, By Types |
6.1 Bangladesh Automotive Glass Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Bangladesh Automotive Glass Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 Bangladesh Automotive Glass Market Revenues & Volume, By Laminated, 2021 - 2031F |
6.1.4 Bangladesh Automotive Glass Market Revenues & Volume, By Tempered, 2021 - 2031F |
6.2 Bangladesh Automotive Glass Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Bangladesh Automotive Glass Market Revenues & Volume, By Windshield, 2021 - 2031F |
6.2.3 Bangladesh Automotive Glass Market Revenues & Volume, By Sidelite & Backlite, 2021 - 2031F |
6.2.4 Bangladesh Automotive Glass Market Revenues & Volume, By Side & Rearview Mirror, 2021 - 2031F |
6.3 Bangladesh Automotive Glass Market, By Smart Glass |
6.3.1 Overview and Analysis |
6.3.2 Bangladesh Automotive Glass Market Revenues & Volume, By Technology, 2021 - 2031F |
6.3.3 Bangladesh Automotive Glass Market Revenues & Volume, By Application, 2021 - 2031F |
6.4 Bangladesh Automotive Glass Market, By Vehicle Type |
6.4.1 Overview and Analysis |
6.4.2 Bangladesh Automotive Glass Market Revenues & Volume, By Passenger Car, 2021 - 2031F |
6.4.3 Bangladesh Automotive Glass Market Revenues & Volume, By Light Commercial Vehicles, 2021 - 2031F |
6.4.4 Bangladesh Automotive Glass Market Revenues & Volume, By Heavy Commercial Vehicles, 2021 - 2031F |
6.4.5 Bangladesh Automotive Glass Market Revenues & Volume, By Electric Vehicles, 2021 - 2031F |
7 Bangladesh Automotive Glass Market Import-Export Trade Statistics |
7.1 Bangladesh Automotive Glass Market Export to Major Countries |
7.2 Bangladesh Automotive Glass Market Imports from Major Countries |
8 Bangladesh Automotive Glass Market Key Performance Indicators |
9 Bangladesh Automotive Glass Market - Opportunity Assessment |
9.1 Bangladesh Automotive Glass Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Bangladesh Automotive Glass Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Bangladesh Automotive Glass Market Opportunity Assessment, By Smart Glass, 2021 & 2031F |
9.4 Bangladesh Automotive Glass Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
10 Bangladesh Automotive Glass Market - Competitive Landscape |
10.1 Bangladesh Automotive Glass Market Revenue Share, By Companies, 2024 |
10.2 Bangladesh Automotive Glass Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |