The Global Automotive Windshield Market was worth US$ 16.55 billion in 2022 and is anticipated to reach a valuation of US$ 24.24 billion by 2028 and is predicted to register a CAGR of 6.83% during 2023-2028.
The global automotive windshield market has witnessed considerable growth within the global market and it's been observed that its demand in the future is predicted to grow during the forecast period. The global automotive windshield market is predicted to be very broad in the future. Also, the expansion has received momentum thanks to the drastic rise in sales of passenger cars, and technological innovations. this is often thanks to several driving trends like the growing need for passenger vehicles, the mounting urban population, expanding environmental concerns, and the rising income of the bourgeoisie population. The market has mostly been taking advantage of the changing paradigms in government regulations and end-users' perspectives toward enhanced safety in automobiles.
Market Drivers:
The global automotive windshield market is primarily driven by the rise in vehicle production, sales, and vehicle parts. The windshield marketplace for automotive is directly associated with the worldwide production of vehicles, as every vehicle is required to be equipped with a windshield. The rising manufacturing of vehicles is anticipated to drive the windshield marketplace for automobiles during the outlook period. Demand for automotive windshields is additionally prominent within the aftermarket. The aftermarket for automotive windshields is predicated on the breakage of the windscreen thanks to accidents, improper maintenance, etc. Currently, special-purpose windshields, like bullet-resistant windshields, also are utilized to supply additional safety and security to the occupants of the vehicle.
Market Restraints:
Restraint identified within the global automotive windshield market is the high cost of smart windshields. The automotive industry is slowly adopting newer technologies because the end-users are willing to pay a premium for enhanced comfort and luxury. Most end-users are still not conscious of the advantages of the smart windshield, making this high cost unjustified for them. The inflation of raw materials used for glass manufacturing, including a discount within the supply of fuel like washing soda and gas, is haunting glass manufacturers and ultimately windshield manufacturers. These price fluctuations are negatively influencing the automotive glass market. This factor may pose a challenge to the expansion of this market to some extent.
Market Recent Developments:
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REPORT METRIC |
DETAILS |
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Market Size Available |
2022 – 2028 |
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Base Year |
2022 |
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Forecast Period |
2023 - 2028 |
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CAGR |
6.83% |
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Segments Covered |
By Glass Type, Vehicle Type, End-user, and Region. |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities |
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Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
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Market Leaders Profiled |
Saint-Gobain (France), Asahi Glass (Japan), Fuyao Glass (China), Xinyi Glass, Nippon Sheet Glass (Japan), Shenzhen Automobile, Central Glass (Japan), and Vitro, and Others. |
Market Segmentation:
Among the glass types, tempered glass accounted for an essential market share in 2016. Over the years, it's been analyzed that the demand for tempered glass has shot up thanks to its superior properties. Tempered glass is comparatively safer than other available substitutes. Various digital systems like GPS tracking systems, remote diagnostics systems, fuel management systems, and driver data systems are provided as typical features in trucks by OEMs. Hence, the expansion of the safety glass segment is predicted to be driven by the increasing use of laminated glasses.
The passenger car segment is predicted to steer the worldwide market demand, followed by light commercial vehicles and heavy commercial vehicles. Factors like the reduced penetration of passenger cars, rising income, and increasing middle-class population are estimated to spice up the sales of the latest passenger cars, which successively is anticipated to propel the global automotive windshield market.
The original equipment manufacturer (OEM) segment is predicted to steer the international market during the projection period due to the rapid improvement in vehicle safety features provided by manufacturers. The aftermarket segment is anticipated to expand at a sluggish pace because of the improving efficiency of products on the manufacturing end. However, rising cases of accidents across the world are expected to propel the aftermarket segment of the market during the projection period.
Market Reginal Analysis:
The Global Automotive Windshield Market Report includes the segmentation of regions:
The Asia Pacific automotive windshield market is projected to be the most important marketplace for global business from 2020 to 2025. The market growth within the region is often attributed to numerous factors like increasing safety concerns among people, protection from ultraviolet rays, increasing vehicle production, and use of windshields for display purposes Europe automotive windshield market accounts for a remarkable portion of the worldwide sales due to the presence of the leading automobile manufacturers within the vicinity.
Market Key Players:
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