New York, August 03, 2021 (GLOBE NEWSWIRE) – Automotive Windshield Market Overview: According to a comprehensive research report from Market Research Future (MRFR), “Automotive Windshield Market Research report, technology, end market, application, vehicle type and region – Forecast till 2027 » the market size worth 28.41 billion USD by 2027, registering a CAGR of 7.45% during the forecast period (2021 – 2027), The market was valued at 17.18 billion USD in 2020.
Several industries have been affected by the COVID-19 crisis and the global automotive windshield market is one of them as well. He also faced the full brunt of this deadly epidemic. The economic consequences, supply chain disruptions, demand share volatility, and the long-term and immediate impact of the COVID-19 crisis have had a negative effect on market growth. But with the easing of lockdowns, the market is expected to return to normal in the days to come.
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Key Players Featured In The Global Automotive Windshields Market Report Include –
- Asahi Glass (Japan)
- Saint-Gobain (France)
- Xinyi Glass (China)
- Fuyao Glass Industry (China)
- Nippon Sheet Glass (Japan)
- Vitro (Mexico)
- Dura Automotive (United States)
- Sisecam Group (Turkey)
- Magna International (Canada)
- Guardian Industries (United States)
- PPG Industries (United States)
- Shenzhen Benson Automobile (China).
The automotive windshield market is fragmented and also competitive for the presence of different international and domestic key players. These players have integrated innovative strategies to stay at the forefront and also meet growing customer demand, including collaborations, contracts, partnerships, joint ventures, geographic expansions and new product launches, etc. .
Browse the In-Depth (135 Pages) Automotive Windshield Market Research Report
Technological advancements such as smart displays and ADAS to drive market growth
Technological advancements such as smart displays and driver assistance functions such as ADAS will drive market growth as they are integrated into economy and midsize vehicles for increased awareness of vehicle and road safety . With technological advances permeating the automotive space, Advanced Driver Assistance Systems (ADAS) are gaining traction around the world. This technology is now integrated into car windshields to facilitate driving assistance and safety. In addition, the tech giants are emphasizing the development of augmented reality in automotive windshields for cars through the use of the Internet of Things. Using augmented reality in automobile windshields, passengers and drivers can make calls with passengers in real time in different cars. All of these contribute to the global automotive windshield market share.
Other factors which add to the growth of the market include economic growth coupled with improving demographics which drives demand for cars, emphasis on reducing vehicle weights and improving fuel efficiency, as well as the demand for laminated side glazing.
Growing adoption of reflective solar windshields to provide strong opportunities
The increasing adoption of reflective solar windshields will provide strong opportunities for the market during the forecast period. Reflective solar windshields are highly praised for their attractive features, as they help reduce air conditioning load and fuel consumption, reduce skin irritation from direct sunlight, reduce cooling time , prevent interior temperature rise and reduce solar energy. energy when entering the car.
High replacement cost of smart windshields to act as a market brake
The high price of replacing smart windshields, especially in high-end vehicles, will be a drag on the market during the forecast period.
Poor standing to act as a market challenge
The availability of poor quality automotive windshields may be a challenge for the market during the forecast period. In addition, the availability of alternatives such as polycarbonate glazing may also hamper the growth of the market.
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By position, the forward placement segment will dominate the market during the forecast period.
By type of glass, the laminated glass segment will dominate the market during the forecast period for the increased use of laminated glass to provide protection against harmful UV rays. Several auto glass manufacturers also offer custom windshields to auto manufacturers. They offer standardized side windows in top-selling models to provide increased passenger safety in the event the car rolls over in an accident.
By vehicle type, the passenger car segment will spearhead the market during the forecast period for changing consumption trends, growing middle class population and growing environmental concerns regarding cars. lightweight and low emission on the road.
By end market, the OEM segment will have the lion’s share of the market during the forecast period.
APAC to precede the automotive windshield market
The Asia-Pacific region will lead the automotive windshield market during the forecast period. The presence of populated countries like India and China, the growing sales of passenger cars, the increasing use of glass in vehicles, the growing popularity of the sunroof in vehicles and technological advancements, the increase in production and auto sales, the increasing use of reflective sunglasses in cars, the use of safety glasses like tempered and laminated glass, the increasing number of commercial vehicle productions and the increasing use of high-segment cars range are contributing to the growth of the global automotive windshield market in the region. In addition, the growing awareness of people for UV protection, the increasing use of windshield for display purposes and the presence of several key players, the increase in transportation activities also add to the growth. of the market.
Market segmentation covered by research:
Information 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 (OEM and aftermarket) and region (America North, South America, Europe, Asia-Pacific and Middle East & Africa)
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