Automotive Windshield Market Synopsis
Global automotive
windshield market 2020. The increase in need for automotive
windshields by people can cause the expansion of the market in the years at a
high pace. Detailed assessment of the impact of COVID 19 on automotive
windshield market is explained in the report. The automotive windshield market
can generate high revenue across the analysis period.
Automotive windshield is a crucial component
of vehicles. Hence, the presence of major vehicle manufacturers across
different regions can impel the expansion of the market through the study
period. The booming automotive industry can support the expansion of the
automobile windshield market in the study period. As per MRFR analysis, the
automotive windshield market is expected to thrive at 7.4% CAGR during the
analysis period. The increase in the adoption of effective technologies can
impel the expansion of the market through the analysis period.
The focus on increasing efficiency and
the presence of disruptive technological advancement can add to the momentum of
the automotive windshield market through the analysis period. The increase in
the number of producers and consumers of automotive windshield can bolster the
expansion of the market. The availability of features such as comfort, safety, and
convenience across industries can promote the expansion of the automotive
windshield market.
Increase in research and development to
introduce economical innovations can spur the expansion of the automotive
windshield market through the analysis period. Increase in demand for passenger
vehicles, rise in urban population, and surge in environment concerns are other
factors that can impel the rise of the automotive windshield market. The automotive
windshield global market value can exceed USD 14,270 million by 2023.
Automotive
Windshield Market Key Players
Xinyi Glass (China), Asahi Glass
(Japan), Saint-Gobain (France), Vitro (Mexico), Fuyao Glass Industry (China),
Guardian Industries (U.S.), Nippon Sheet Glass (Japan), Magna International
(Canada), Shenzhen Benson Automobile (China), Dura Automotive (U.S.), Sisecam
Group (Turkey), and PPG Industries (U.S.) among others are some reputed names
in the automotive windshield market as listed by MRFR.
Automotive
Windshield Market Segment Study
The segment assessment of the
automotive windshield market is done by glass type, end market, and vehicle
type.
The glass type based segments of the
automotive windshield market are laminated and tempered. The tempered glass type
segment is expected to rise at the highest pace across the review period. The
increase in the demand for tempered glass due to its superior properties can
promote the expansion of the regional market. The high degree of safety of tempered
glass can support the expansion of the market in the years to come.
The vehicle type based segments of the
automotive windshield market are light commercial vehicles, passenger cars, and
heavy commercial vehicles. The passenger car segment can thrive in the years to
come, following light commercial vehicles segment.
The end market based segments of the
automotive windshield market aftermarket and OEMs. The OEM segment can stir up
substantial revenue in the years ahead.
Automotive
Windshield Market Regional Study
The automotive
windshield global market trends are studied across EU, North America, APAC,
and the Rest of the world. The increase in the installation of automotive
windshield in luxurious vehicle can support the expansion of the automotive
windshield market in North America, across the analysis period. The exponential
rise of the automotive windshield market in Europe can be attribute to the
booming OEM sector in the region. APAC automotive windshield market rise can be
due to increase in high number of automakers in the region.
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