Our comprehensive research on the Global Automotive Windshield Market (2023-2031) provides insights for businesses. It covers trends, investments, tech advancements, and major players. The report uses qualitative and statistical data from 2017-2031, including SWOT, BCG, PESTLE analysis, and visuals. It offers a full market landscape with stakeholder insights, regional outlooks, and financial considerations.
The global automotive windshield market size was US$ 21.1 billion in 2021. The global automotive windshield market is forecast to grow to US$ 35.1 billion by 2030 by growing at a compound annual growth rate (CAGR) of 6.1% during the forecast period from 2022 to 2030.
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An automotive windshield is a necessary part of every automotive. It is a glass of the car at the front, which offers several key purposes, including a clear view of the road to the driver. Moreover, it also protects the interior from dust, rain, and other obstructing elements.
Factors Influencing the Market
Growing urbanization and rising demand for automotive are the primary factors driving the growth of the automotive windshield market. In addition, increasing disposable income and the contribution of emerging countries like India and China will propel the automotive windshield market forward.
The rising trend of electronic and hybrid vehicles will benefit the overall automotive windshield market. Furthermore, the rising demand for luxury cars and off-highway vehicles will escalate the market growth in the coming years.
The introduction of innovative technology will offer ample growth opportunities for the automotive windshield market. On the contrary, the high cost of raw materials may restrict the global automotive windshield market. LiquidNano Inc. (U.S.) unveiled LiquidNano Windshield in 2017. More advancements in the coming years will undoubtedly escalate the automotive windshield market growth.
Regional Analysis
Asia-Pacific automotive windshield market is forecast to grow at the fastest growth rate, owing to the contribution of emerging economies like China and India. China is one of the major manufacturers of automobiles. Moreover, the region is home to some of the prominent automotive manufacturers, such as Toyota, Honda, Maruti Suzuki, etc. As a result, it will contribute to the growth of the global automotive windshield market during the forecast period.
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Competitors in the Market
- Dura automotive systems
- Shenzhen Benson Automobile Glass Co.
- Sisecam Group
- Guardian Industries
- Magna International Inc.
- T&S Auto Glass
- Fuyao Group
- Nordglass Group
- PPG Industries
- OGIS GmbH
- Glaston Corporation
- Asahi India Glass Ltd.
- Other Prominent Players
The report furnishes an intricate comprehension of each segment, delivering potential estimations for principal applications and insights into emerging prospects. Every regional market is meticulously scrutinized to ascertain its potential for growth, development, and demand in the forthcoming years.
As of the end of 2022, the Automotive Windshield industry experienced notable growth in its workforce. Starting in January, employment within the Automotive Windshield sector exceeded its pre-COVID levels, resulting in an expansion of payrolls by over 15,000 employees throughout the course of the year. The global Automotive Windshield output demonstrated a remarkable increase of 5.2% during 2021, primarily attributed to a widespread economic upswing and a surge in demand for commodities. However, the momentum shifted in 2022, with the global industrial sector’s production contracting. This reversal followed a robust expansion in 2021, fueled by altered consumer spending patterns and substantial fiscal support.
Forecasts indicate that the global Automotive Windshield output is set to rise by approximately 2.9% in 2023. This projection is underpinned by the gradual recovery of production in Western Europe from its previous troughs, as well as a rebound in output across the Asia/Pacific region. Maintaining its dominant position, China, accounting for nearly 45% of the global Automotive Windshield market, remains both its largest producer and consumer. Remarkably, China’s market share has surged since 2010, when it stood at around 26%. This ascent has led to a substantial contribution to the nation’s GDP. Notably excelling as a top exporter, China leads in various sectors, including silicon, PVC, and several specific segments of the Automotive Windshield market.
Market Segmentation
The global automotive windshield market segmentation focuses on Position, Vehicle, Glass, Material, and Region.
Based on the position, the automotive windshield market is segmented into –
- Front windshield
- Rear windshield
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Based on the vehicle type, the automotive windshield market is classified into-
- Passenger cars
- Light commercial vehicles
- Heavy commercial vehicle.
Based on the glass type, the automotive windshield market is classified into-
- Laminated glass
- Tempered glass.
Based on the material type, the automotive windshield market is classified into-
- Thermoset Material
- Thermoplastic Material
Based on the region, the automotive windshield market is classified into-
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
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Table of Contents:
Chapter 1: Introduction to the Global Automotive Windshield Industry
Chapter 3: Dynamics of the Market
Chapter 4: Profiles of Leading Companies
Chapter 5: Competition in the Global Automotive Windshield Market among Players
Chapter 6: Market Size across Global Regions
Chapter 7: Application Segments in the Global Market
Chapter 8: Segment Analysis of the Global Automotive Windshield Industry
Chapter 9: Market Chain, Sourcing Strategies, and Downstream Buyers
Chapter 10: Strategies and Key Policies by Distributors/Suppliers/Traders
Chapter 11: In-depth Analysis of Key Marketing Strategies by Market Vendors
Chapter 12: Evaluation of Market Impact Factors
Chapter 13: Forecasted Global Automotive Windshield Market Size (2023-2031)
Reasons to Acquire This Report
(A) This research imparts invaluable insights tailored for senior management, policymakers, industry professionals, product innovators, sales executives, and stakeholders within the market. It equips them with the information needed to make well-informed decisions and craft effective strategies.
(B) The report delivers a comprehensive analysis of global, regional, and country-level Automotive Windshield market revenues, extending projections until 2030. This dataset empowers companies to gauge their market presence, recognize avenues for growth, and explore emerging markets.
(C) Through meticulous segmentation of the Automotive Windshield market encompassing types, applications, technologies, and end-uses, this study empowers leaders to blueprint their products and allocate resources based on the projected growth trajectories of each segment.
(D) Investors stand to gain from the market analysis by gaining insights into market scope, positioning, key drivers, challenges, limitations, expansion prospects, and potential risks. Armed with this knowledge, they can make well-considered investment choices.
(E) The report conducts an intricate analysis of competitors, unraveling their pivotal strategies and market positioning. This intelligence equips businesses with a profound understanding of the competitive landscape, enabling them to chart their own strategies accordingly.
(F) The study facilitates the assessment of Automotive Windshield business projections delineated by region, key countries, and prominent companies, bestowing invaluable information for investment strategizing and decision-making.
Why is our study consequential?
Our study holds paramount importance for various reasons, a few of which include:
• Assisting businesses in gauging the viability of new or existing products or services.
• Facilitating business enterprises in the identification and cultivation of novel market segments.
• Providing a preemptive understanding of consumer demand prior to introducing new products, services, or features.
• Enhancing the overall efficacy of marketing, advertising, and promotional initiatives.
• Analyzing market trends to aid businesses in devising adaptive strategies.
• Guiding businesses in the optimal placement of their products.
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