Global Automotive Windshield Market To Grow At A CAGR Of 7.4% By 2023. 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.
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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.
On the basis of glass type, the market has been segmented as tempered and laminated. Among the glass type, tempered glass has accounted the largest market share in 2016. Over the years, it has been analyzed that the demand for tempered glass has shot up due to its superior properties. Tempered glass tends to be safer than other available substitutes. On the basis of vehicle type, the market has been segmented as passenger cars, light commercial vehicles and heavy commercial vehicles. Where, the passenger car is expected to lead the market followed by light commercial vehicles and heavy commercial vehicles. On the basis of end market, the market has been segmented as OEMs and aftermarket. Where, the OEM is expected to lead the market during the forecast period. 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.
The prominent players in the automotive windshield market are 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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