Windshield Market Size, Share, Growth Analysis 2023-2029

The global windshield market size was valued at USD x million in 2022 and is poised to grow at a significant CAGR of 6.9% during the forecast period 2023-29. This is due to several driving trends such as the growing demand for passenger vehicles, the growing urban population, increasing environmental concerns, and the rising disposable income of the middle-class population. The market has largely been benefiting from the changing paradigms in government regulations and end-users' perspectives toward enhanced safety in automobiles. In spite of turbulence caused by the global economic slowdown of 2023, the windshield market gained back the pre-crisis annual growth rate in 2030.

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The global windshield market segmentation:
1) By Position: Front and Rear
2) By Glass Type: Tempered and Laminated
3) By Vehicle Type: Light Commercial Vehicle (LCV), Heavy Commercial Vehicle (HCV), Passenger Cars, and Others
4) End Market: Original Equipment Manufacturer (OEM) and Aftermarket

The tempered segment accounted for the highest market share and it is expected to grow with a CAGR from 2023-2029. The tempered segment is expected to grow drastically. It has been determined through analysis that tempered glass' improved qualities have caused a surge in demand throughout time. Compared to alternative options, tempered glass is typically safer.

Asia Pacific leads the Windshields Market:
In the north, the Windshields market holds the highest market share in 2022 and the market is expected to grow at a significant CAGR during the forecast period. Due to numerous factors such as the increasing number of vehicle production, the use of solar reflective glasses in vehicles, use of safety glasses, such as laminated and tempered glass. In terms of growth rate, moreover, an increasing number of commercial vehicle production and the growing use of premium segment cars is anticipated to grow the market.

Strategic New Product Lafor Lunches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players.

Windshield market further reveals that the key players increasingly adopting strategies such as the launch of newer products, frequent product approvals, and long-term alliances to improve market revenue share and gaining significant geographic presence across the region.

In June 2022, IVIOS, a prestigious film producer, has introduced a new windscreen protective film for cars. With its most recent hard-coating technology, Axion provides exceptional scratch and abrasion resistance and covers windscreens from exterior damage brought on by shocks.

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Key players' profiles in the Windshield Market report are Saint-Gobain SA, Sisecam Group, Asahi Glass Co. Ltd., Magna International, Fuyao Glass Industry Group Co. Ltd., Shenzhen Benson Automobile, Xinyi Glass, Vitro, Nippon Sheet Glass Co. Ltd., Guardian Industries, PPG Industries, Safelite Auto Glass.

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This release was published on openPR.