Global Automotive Windshield Market To Grow At A CAGR Of 7.4% By 2027

Pune, India, December 12, 2017 /MRFR Press Release/- Market research future published a half cooked research report on global automotive windshield market. The automotive windshield market is expected to grow at ~7.4% CAGR during the period 2021 to 2027.


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.


Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Automotive Windshield Market Research Report


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 28.41 Billion by 2027 at an estimated CAGR of 7.4% through the forecast period.


Market Drivers

Automotive Windshield Market Drivers


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.


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.


 

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Pages 135
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