Press release
Automotive Windshield Market Size, Share, Growth, Trends And Forecast 2024-2033
Automotive Windshield Market
As per the report, the automotive windshield market size has grown strongly in recent years. It will grow from $19.69 billion in 2023 to $21.36 billion in 2024 at a compound annual growth rate (CAGR) of 8.5%. The automotive windshield market size is expected to see strong growth in the next few years. It will grow to $29.46 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%.
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Growing Automotive Industry Boosts Demand For Automotive Windshield Market
The increasing growth of the automotive industry is expected to propel the growth of the automotive windshield market going forward. The automotive industry comprises a wide range of companies and organizations involved in the design, development, manufacturing, marketing, and selling of motor vehicles. Windshields are used in automobiles to protect the occupants and the interior from dust, rain, wind, and other outside elements. Also, this helps in strengthening the structure of cars. For instance, according to the International Organization of Motor Vehicle Manufacturers data, global vehicle sales in 2020 reached 7.8 million units, which has increased to 8.2 million units in 2021. Therefore, the increasing growth of the global automotive industry is driving the growth of the automotive windshield market.
Technological Advancements Transform The Automotive Windshield Market
Technological advancements are a key trend gaining popularity in the automotive windshield market. Major companies operating in the automotive windshield sector are focused on developing new technologies to sustain their position in the market. For instance, in December 2021, Karma Automotive, a US-based luxury vehicle company, and WayRay, a Switzerland-based technology company, collaborated to introduce a new form of windscreen or windshield for cars that is based on WayRay True Augmented Reality (True AR) and Deep Reality Display technology. This makes it possible to create virtual images from any distance and on several depth planes. A picture generating unit (PGU) projects a red, green, and blue (RGB) laser beam onto a holographic optical element to create images (HOE). The HOE is positioned inside a transparent material, frequently the side or glass of a car.
The automotive windshield market covered in this report is segmented -
1) By Glass Type: Laminated Glass, Tempered Glass
2) By Material Type: Thermoset Material, Thermoplastic Material
3) By Windshield Position: Front Windshield, Rear Windshield
4) By Vehicle Type: Passenger Car, Light Commercial Vehicle (LCV), Heavy Commercial Vehicle (HCV)
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Major companies operating in the automotive windshield market report are Compagnie de Saint-Gobain SA, AGC Inc., Fuyao Glass Industry Group Co. Ltd., Nippon Sheet Glass Co. Ltd., Guardian Industries Corp., Central Glass Co. Ltd., Sisecam Group, Shenzhen Benson Automobile Glass Co. Ltd., Xinyi Glass Holdings Limited, Vitro SAB de CV, Safelite Group Inc., PPG Industries Inc., Olimpia Oto Camlari AS, GIS GmbH, T&S Auto Glass Inc., Shatterprufe Pty Ltd., Glaston Corporation, Asahi Glass Co. Ltd., Compagnie de Saint-Gobain Sekurit, Pilkington Brothers Limited, Magna International Inc., Webasto SE, AGC Glass Europe SA, Fokker Technologies BV, Carlex Glass America LLC, Dura Automotive Systems LLC, LKQ Corporation, China Glass Holdings Limited, Samvardhana Motherson International Limited, Saudi Basic Industries Corporation
Contents of the report:
1. Executive Summary
2. Automotive Windshield Market Report Structure
3. Automotive Windshield Market Trends And Strategies
4. Automotive Windshield Market - Macro Economic Scenario
5. Automotive Windshield Market Size And Growth
…..
27. Automotive Windshield Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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