The Automotive Glass Replacement Global Market Report 2023, provides comprehensive information on the automotive glass replacement market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global automotive glass replacement market size is expected to grow from $31.79 billion in 2022 to $35.19 billion in 2023 at a compound annual growth rate (CAGR) of 10.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global automotive glass replacement market size is expected to reach $50.33 billion in 2027 at a CAGR of 9.4%.
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Technological advancements are a key trend gaining popularity in the automotive glass replacement market. Major companies operating in automotive glass replacement are focused on developing innovative solutions to strengthen their position in the market. For instance, in July 2021, Jeep Performance Parts (Mopar), a Netherlands-based automotive manufacturer, introduced a new, industry-leading Gorilla Glass replacement Windshield for the latest Jeep Wrangler and Gladiator models. This windscreen is made with Corning Gorilla Glass, which uses the same chemical-strengthening technology as cell phone screens. This is an ultra-thin piece of gorilla glass with a fifty-two percent thicker outer ply, making this windscreen lightweight and durable. Additionally, it offers superior resistance to chips, cracks, and fractures from stones.
The automotive glass replacement market is segmented:
1) By Product: Tempered, Laminated
2) By Vehicle Type: Passenger Car, Heavy Commercial
3) By Application: Windscreen, Backlite, Sidelite, Sunroof, Other Applications
4) By End Use: Original Equipment Manufacturer (OEM), Aftermarket Replacement (ARG)
Asia-Pacific was the largest region in the automotive glass replacement market in 2022.
The table of contents in TBRC’s automotive glass replacement market report includes:
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