Product Code: ETC4565485 | Publication Date: Jul 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India automotive glass market import shipments demonstrated a moderate expansion with a CAGR of 3.6% from 2020 to 2024. However, there was a notable decline in growth rate between 2023 and 2024 at -10.3%, indicating a slowdown in the market momentum towards the end of the period.
The India Automotive Glass market is expanding in response to the increasing demand for high-quality and technologically advanced automotive glass products. Automotive glass serves as a critical component for safety, visibility, and aesthetics in vehicles. As vehicle production and ownership rise in India, automakers are exploring innovations in glass technology to enhance driver and passenger safety, reduce heat transmission, and improve overall vehicle aesthetics. This market is expected to experience continuous growth, driven by advancements in glass materials and safety features.
The India automotive glass market is expanding rapidly, driven by various factors. The primary driver is the overall growth in the automotive sector. As the number of vehicles on India roads continues to increase, so does the demand for automotive glass, including windshields, side windows, and rear windows. Moreover, the trend towards safety and the need to comply with stringent safety regulations are pushing for the use of advanced automotive glass, which can withstand impacts and protect passengers. The growing consumer preference for advanced features like heated windshields and sunroof systems is also driving the demand for specialized automotive glass products. Additionally, the increasing adoption of electric and autonomous vehicles is creating new opportunities for advanced glass technologies, such as smart glass and heads-up displays.
The India automotive glass market confronts issues related to vehicle safety, especially in the context of increased road accidents and the need for advanced safety features. Manufacturers must develop glass solutions that enhance safety while ensuring affordability and compliance with regulations.
The India Automotive Glass market faced a tumultuous period during the COVID-19 pandemic. With the suspension of manufacturing activities and limited demand for new vehicles, glass suppliers witnessed a decline in revenue. Simultaneously, the market for replacement automotive glass surged as consumers refrained from buying new cars and chose to repair existing ones. The pandemic underscored the importance of the aftermarket segment for automotive glass manufacturers. As the automotive industry rebounds, the market for automotive glass is expected to show resilience and adapt to the evolving consumer preferences.
Major contributors in this sector encompass Asahi India Glass Limited, Saint-Gobain Sekurit India, Nippon Sheet Glass (NSG), and Fuyao Glass Industry Group.
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 India Automotive Glass Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Automotive Glass Market Revenues & Volume, 2021 & 2031F |
3.3 India Automotive Glass Market - Industry Life Cycle |
3.4 India Automotive Glass Market - Porter's Five Forces |
3.5 India Automotive Glass Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Automotive Glass Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 India Automotive Glass Market Revenues & Volume Share, By Smart Glass, 2021 & 2031F |
3.8 India Automotive Glass Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
4 India Automotive Glass Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for passenger and commercial vehicles in India |
4.2.2 Growth in the automotive industry leading to higher production of vehicles |
4.2.3 Rising focus on safety features in vehicles driving the demand for advanced automotive glass technologies |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices affecting the manufacturing cost of automotive glass |
4.3.2 Intense competition among key players leading to pricing pressures |
4.3.3 Regulatory challenges related to automotive safety standards impacting the market |
5 India Automotive Glass Market Trends |
6 India Automotive Glass Market, By Types |
6.1 India Automotive Glass Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Automotive Glass Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 India Automotive Glass Market Revenues & Volume, By Laminated, 2021-2031F |
6.1.4 India Automotive Glass Market Revenues & Volume, By Tempered, 2021-2031F |
6.2 India Automotive Glass Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Automotive Glass Market Revenues & Volume, By Windshield, 2021-2031F |
6.2.3 India Automotive Glass Market Revenues & Volume, By Sidelite & Backlite, 2021-2031F |
6.2.4 India Automotive Glass Market Revenues & Volume, By Side & Rearview Mirror, 2021-2031F |
6.3 India Automotive Glass Market, By Smart Glass |
6.3.1 Overview and Analysis |
6.3.2 India Automotive Glass Market Revenues & Volume, By Technology, 2021-2031F |
6.3.3 India Automotive Glass Market Revenues & Volume, By Application, 2021-2031F |
6.4 India Automotive Glass Market, By Vehicle Type |
6.4.1 Overview and Analysis |
6.4.2 India Automotive Glass Market Revenues & Volume, By Passenger Car, 2021-2031F |
6.4.3 India Automotive Glass Market Revenues & Volume, By Light Commercial Vehicles, 2021-2031F |
6.4.4 India Automotive Glass Market Revenues & Volume, By Heavy Commercial Vehicles, 2021-2031F |
6.4.5 India Automotive Glass Market Revenues & Volume, By Electric Vehicles, 2021-2031F |
7 India Automotive Glass Market Import-Export Trade Statistics |
7.1 India Automotive Glass Market Export to Major Countries |
7.2 India Automotive Glass Market Imports from Major Countries |
8 India Automotive Glass Market Key Performance Indicators |
8.1 Average selling price of automotive glass products |
8.2 Adoption rate of advanced automotive glass technologies |
8.3 Number of new vehicle models incorporating advanced glass features |
8.4 Investment in research and development for innovative automotive glass solutions |
8.5 Adoption rate of automotive safety regulations by manufacturers |
9 India Automotive Glass Market - Opportunity Assessment |
9.1 India Automotive Glass Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Automotive Glass Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 India Automotive Glass Market Opportunity Assessment, By Smart Glass, 2021 & 2031F |
9.4 India Automotive Glass Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
10 India Automotive Glass Market - Competitive Landscape |
10.1 India Automotive Glass Market Revenue Share, By Companies, 2024 |
10.2 India Automotive Glass Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |