Automotive Windshield Market 2023 Accretes To USD 14,270 Mn At 7.4% of CAGR; Asserts MRFR

Market Research Future published a research report on “Automotive Windshield Market Research Report- Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Global Automotive Windshield Market Information Report, By Position (Front and Rear), By Glass Type (Tempered and Laminated), by Vehicle Type (Passenger Cars and Light Commercial Vehicles and Heavy Commercial Vehicles), By End Market (OEMs and Aftermarket) and By Region – Forecast To 2023

 

Market Highlights

 

The global automotive windshield market is very dynamic, and is expected to witness significant growth over the forecast period. Automotive windshield is one of the most crucial part vehicles that has been gaining a lot of attention among the major vehicle manufacturers. Automotive industry has become one of the major revenue generating industries and has come up with several technological advancements in the last few years, automotive windshield being one of them. The global automotive windshield market has seen remarkable growth in the global market and it has been observed that, its demand in future is expected to grow with the CAGR of ~7.4% during the forecast period. 

The global market of automotive windshield is growing rapidly. Focus on improved efficiency, and technological advancement, makes automotive windshield popular among manufacturers and consumers. Automotive windshield accounts for features such as safety, comfort, and thus could conveniently be used in industries. Research and development into automotive windshield manufacturers so as to introduce innovative features in automotive windshield, is a trend. With several driving factors such as the growing demand of passenger vehicles, growing urban population, increasing environment concerns, and rising disposable income of middle class population, the global automotive windshield market is poised to grow over USD 14,270 million by 2023 at an estimated CAGR of 7.4% through the forecast period.

 

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Market Research Analysis

 

Geographically, the global automotive windshield market by region has been segmented into North America, Europe, Asia Pacific and Rest of the world. This market has seen substantial growth over the past few years and it has been experienced that the market will remain on the same growth level until the end of the forecast period. Among the regions covered, Asia Pacific has accounted the largest market for automotive windshield market followed by North America.

 

 Major factors that have driven the automotive windshield market are increase in sales of new vehicles, increasing focus on R&D for automotive windshield, rising urbanization led to growth of automobile industry and others. On the other hand, factors that are hindering the market are higher cost of smart glass, and strict government regulations over certification of automotive windshield. Despite these factors, the automotive windshield market is expected to show a good market figure owing to technological advancements and increasing demand for passenger vehicles.

 

The dominance of Asia Pacific becomes evident in the global automotive windshield market value due to the presence of most populous countries in the world such as China and India. The market has been witnessing rapid growth in the last two years owing to the rising sales of passenger cars, increasing usage of glass on vehicles, increasing popularity of vehicle sunroof and technological advancements. Another major reason behind Asia Pacific leading the global market is that the countries within this region were able to sustain its economy during the global economic crisis of 2008-09. They have also been able to showcase continued growth in automobile production and sales, across the globe.

 

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Scope of the Report

 

This study provides an overview of the global automotive windshield market, tracking three market segments across four geographic regions. The report studies key players, providing a six year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global automotive windshield market by position, glass type, vehicle type, end market and by regions.

 

By Position

  • Front
  • Rear

 

By Glass Type

  • Tempered
  • Laminated

 

By End Market

  • OEMs
  • Aftermarket

 

By Vehicle Type

  • Passenger Vehicles
  • Commercial Vehicles

 

By Regions

  • North America
  • Asia Pacific
  • Europe
  • Rest of the World 

 

Key Players

 

The prominent players in the automotive windshield market Asahi Glass (Japan), Saint-Gobain (France), Xinyi Glass (China), Fuyao Glass Industry (China), Nippon Sheet Glass (Japan), Vitro (Mexico), Dura Automotive (U.S.), Sisecam Group (Turkey), Magna International (Canada), Guardian Industries (U.S.), PPG Industries (U.S.), Shenzhen Benson Automobile (China) and others.

 

BRIEF TOC:

  1. EXECUTIVE SUMMARY
  2. RESEARCH METHODOLOGY
  3. MARKET DYNAMICS
  4. GLOBAL MARKET SEGMENTATION
  5. REGIONAL MARKET ANALYSIS
  6. COMPETITIVE ANALYSIS
  7. CONCLUSION
  8. LIST OF TABLES
  9. LIST OF FIGURES

 

The report for Global Automotive Windshield Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

 

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