Market Overview:
The global automotive windshield market is likely to be valued at around USD 14,270 million by 2023, with an expanding CAGR of 7.4% through the forecast period. Windshields are designed to support the vehicle structure, and they're attached to the vehicle structure by using polyurethane adhesives. Automotive windshields are manufactured by using laminated glass which resists any shattering and thus minimizes the danger of serious injuries. In automotive, laminated glasses are often used in the production of these windshields. In automobiles, windshields protect from the driving force and passengers from aspect like the sunlight, dust, wind, pollution, and other foreign particles from entering the vehicle. Safety glass is manufactured by infusing two glass piece with a transparent layer of materials like polyvinyl butyral (PVB), ethylene-vinyl acetate (EVA), or thermoplastic polyurethane (TPU) among others under heat and high, by which it holds the glass not to get shattered.
The global automotive windshield market has witnessed considerable growth within the global market and it's been observed that its demand in future is predicted to grow during the forecast period. Global automotive windshield market is predicted to be very broad within 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 growing need of passenger vehicles, mounting urban population, expanding environment concerns, and rising income of bourgeoisie population. The market has mostly been taking advantage of the changing paradigms in government regulations and end-users perspective towards enhanced safety in automobiles.
Recent Developments:
• Saint-Gobain Sekurit's ClimaCoat may be a heated, reflective windshield that improves vehicle occupants' well-being while also reducing CO2 emissions. Comfort and environment both feature strongly in automakers and drivers' demands.
• Asahi India Glass Limited (AIS), India's leading integrated glass company, launched Glasxperts and Windshield Experts at the South Extension area in New Delhi. The purchasers can experience contemporary lifestyle solutions in glass for his or her home and business with Glasxperts and obtain faster, safer and better car glass and detailing service with Windshield Experts.
• Fuyao has developed quite 400 glass items for over 200 classic vehicles with model years starting from 1945 to 1970, and an auto glass catalogue with over 30,000 items for the vehicle models after 1970.
Drivers and Restraints of Automotive Windshield 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. Rising manufacturing of vehicles is anticipated to drive the windshield marketplace for automobiles during the outlook period. Demand for automotive windshield is additionally prominent within the aftermarket. The aftermarket for automotive windshield is predicated on the breakage of the windscreen thanks to accidents, improper maintenance, etc. Currently, special purpose windshields, like bullet resistance windshields, also are utilized to supply additional safety and security to the occupants of the vehicle.
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, are haunting glass manufacturers and ultimately windshield manufacturers. These price fluctuations are negatively influencing the automotive glass market. This factor may pose a challenge for the expansion of this market to some extent.
Market Segmentation:
By Glass Type:
Among the glass type, tempered glass has 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 system, fuel management system and driver data system are provided as a typical feature in trucks by OEMs. Hence, the expansion of the safety glass segment is predicted to be driven by the increasing use of laminated glasses.
By Vehicle Type:
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 latest passenger cars, which successively is anticipated to propel the global automotive windshield market.
By End-User:
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.
Automotive Windshield Market Region wise analysis:
Marked Segmentation based on the region:
a. Middle East
b. Africa
The Asia Pacific automotive windshield market is projected to be the most important marketplace for the 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 windshield for display purpose 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.
Key Players of Market:
The global automotive windshield market is operated by a few key players, which are: Saint-Gobain (France), Asahi Glass (Japan), Fuyao Glass (China), Xinyi Glass, Nippon Sheet Glass (Japan), Shenzhen Automobile, Central Glass (Japan) and Vitro.
1. Introduction
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.1.1 Drivers
4.1.2 Restaints
4.1.3 Opportunities
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.2 Products/Service
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Automotive Windshield Market, By Glass Type
6.1.1 Tempered
6.1.2 Laminated
6.1.3 Market Size Estimations & Forecasts (2019-2024)
6.1.4 Y-o-Y Growth Rate Analysis
6.1.5 Market Attractiveness Index
6.2 Automotive Windshield Market, By Vehicle Type
6.2.1 Light Commercial Vehicles
6.2.2 Passenger Cars
6.2.3 Heavy Commercial Vehicles
6.2.4 Market Size Estimations & Forecasts (2019-2024)
6.2.5 Y-o-Y Growth Rate Analysis
6.2.6 Market Attractiveness Index
6.3 Automotive Windshield Market, By End-User
6.3.1 OEMs
6.3.2 Aftermarket
6.3.3 Market Size Estimations & Forecasts (2019-2024)
6.3.4 Y-o-Y Growth Rate Analysis
6.3.5 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.1.1 USA
7.2.1.2 Canada
7.2.2 By Glass Type
7.2.3 By Vehicle Type
7.2.4 By End-User
7.3 Europe
7.3.1 By Country
7.3.1.1 UK
7.3.1.2 France
7.3.1.3 Germany
7.3.1.4 Spain
7.3.1.5 Italy
7.3.1.6 Rest of Europe
7.3.2 By Glass Type
7.3.3 By Vehicle Type
7.3.4 By End-User
7.4 Asia Pacific
7.4.1 By Country
7.4.1.1 China
7.4.1.2 India
7.4.1.3 Japan
7.4.1.4 South Korea
7.4.1.5 South East Asia
7.4.1.6 Australia & NZ
7.4.1.7 Rest of Asia-Pacific
7.4.2 By Glass Type
7.4.3 By Vehicle Type
7.4.4 By End-User
7.5 Latin America
7.5.1 By Country
7.5.1.1 Brazil
7.5.1.2 Argentina
7.5.1.3 Mexico
7.5.1.4 Rest of Latin America
7.5.2 By Glass Type
7.5.3 By Vehicle Type
7.5.4 By End-User
7.6 Middle East and Africa
7.6.1 By Country
7.6.1.1 Middle East
7.6.1.2 Africa
7.6.2 By Glass Type
7.6.3 By Vehicle Type
7.6.4 By End-User
8. Key Player Analysis
8.1 Saint-Gobain
8.1.1 Business Description
8.1.2 Products/Service
8.1.3 Financials
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Asahi Glass
8.3 Fuyao Glass
8.4 Xinyi Glass
8.5 Nippon Sheet Glass
8.6 Shenzhen Automobile
8.7 Central Glass
8.8 Vitro
9. Market Outlook & Investment Opportunities
Appendix
List of Tables
List of Figures
