New York, United States , Aug. 30, 2024 (GLOBE NEWSWIRE) -- The Global Automotive Windshield Market Size is to Grow from USD 31.21 Billion in 2023 to USD 56.54 Billion by 2033, at a Compound Annual Growth Rate (CAGR) of 6.12% during the projected period.
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A windshield, also known as a windscreen, is a protective glass panel found at the front and rear of a vehicle. Its purpose is to provide visibility while shielding the driver from wind, debris, and other environmental particles. The windshield or windscreen of a flight, automobile, bus, motorcycle, truck, rail, boat, or streetcar, serves as the front opening, offering a view while shielding passengers from the elements. Modern windshields are typically made of laminated safety glass, a type of treated glass consisting of two curved sheets of glass fused and cemented into the window frame. Current automobiles, on the other hand, have advanced technologies such as adaptive cruise control, chilling heating components, and UV-blocking coatings to defend against the sun. These enhancements enhance the driving experience and security of the windshield. Car windshields with additional functionality are designed to provide benefits beyond simple operation. The glasses in question increase market drivers by addressing issues such as noise reduction, sun heat, and visual comfort. Furthermore, High costs, an absence of understanding regarding smart windshields, and fluctuations in raw material prices all hinder the expansion of the vehicle windshield market.
Browse key industry insights spread across 210 pages with 110 Market data tables and figures & charts from the report on the "Global Automotive Windshield Market Size, Share, and COVID-19 Impact Analysis, By Vehicle Type (Passenger Cars, Light Commercial Vehicles, and Heavy Commercial Vehicles), By Position (Front and Rear), By Glass Type (Laminated and Tempered) and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033."
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The passenger cars segment is expected to hold the largest market share of the automotive windshield market during the projected timeframe.
Based on the vehicle type, the automotive windshield market is divided into passenger cars, light commercial vehicles, and heavy commercial vehicles. Among these, the passenger cars segment is expected to hold the largest market share of the automotive windshield market during the projected timeframe. Higher requirements for residential transportation, and even the growing popularity of new-generation advanced passenger vehicles, are expected to drive market expansion.
The front segment holds the highest market share of the automotive windshield market during the projected timeframe.
Based on the position, the automotive windshield market is divided into front and rear. Among these, the front segment holds the highest market share of the automotive windshield market during the projected timeframe. It constitutes the biggest and most essential windshield on a vehicle, and it is required by law in almost every area. The front windshield provides a clear view of the road ahead while protecting drivers and passengers from wind, dust, and other hazards. Furthermore, the front is a critical component of the vehicle's safety system.
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Asia-Pacific is expected to hold the largest share of the automotive windshield market over the forecast period.
Asia-Pacific is expected to hold the largest share of the automotive windshield market over the forecast period. The number of residents with medium incomes is increasing, while urbanization is accelerating throughout Asia-Pacific. The market for automobiles, including passenger cars and commercial vehicles, is expanding as a result of this demographic trend, increasing demand for automotive windshields. Thailand, South Korea, Japan, China, and India are some of the countries that contribute significant contributions to the global automobile market. These countries have established themselves as centers for both export and domestic manufacturing. Furthermore, the presence of major automobile manufacturers in the area drives up demand for automotive windshields, as does a strong supply chain. To raise the standard for road safety, Asia-Pacific countries have enacted stricter safety laws.
Europe is predicted to grow at the fastest pace in the automotive windshield market during the projected timeframe. Europe is known for accepting and developing new technologies. As a result, the region's market is expanding due to the rising adoption of novel automotive windshield techniques such as electronically heated windshields, windshields, and so on. Furthermore, the presence of top automobile manufacturers in the region, including Volkswagen, Mercedes-Benz, and Renault, among others, and others, combined with a focus on improving vehicle safety and comfort.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major vendors in the automotive windshield market are Pilkington, Schott Corp, Magna International, Guardian Industries, AGC Inc., SAINT-GOBAIN, Nippon Sheet Glass Co., Ltd., Central Glass Co., Ltd., Fuyao Group, Dura Automotive, Vitro, Gentex Corp, 3M, Shenzhen Benson Automobile, and others.
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Recent Developments
- In April 2024, Auto Glass Now began its first national marketing initiative to boost brand recognition among potential customers and highlight the "now" component of its name. Auto Glass Now has almost 30 years of experience as a regional firm.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the automotive windshield market based on the below-mentioned segments:
Global Automotive Windshield Market, By Vehicle Type
- Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
Global Automotive Windshield Market, By Position
- Front
- Rear
Global Automotive Windshield Market, By Glass Type
- Laminated
- Tempered
Global Automotive Windshield Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
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