Press release
Exponential Growth Projected for Global Automotive Windshield Market 2025-2034
Automotive Windshield Market
Projected to Reach $22.7 Billion by 2025 with a CAGR of 7.9%, and Expected to Grow to $31.8 Billion by 2029 with a CAGR of 8.8%
What Is The Projected Market Size Of The Global Automotive Windshield Market And Its Growth Rate?
The global automotive windshield market has been showing impressive growth in recent years with significant potential for future developments.
• From $21.07 billion in 2024, the market is projected to grow to $22.72 billion in 2025, with a compound annual growth rate (CAGR) of 7.9%.
• Factors attributed to this growth include safety regulations, increased vehicle production, rising focus on vehicle safety, consumer demand for comfort, and environmental considerations.
• Furthermore, the market is expected to grow to $31.8 billion in 2029 with a compound annual growth rate (CAGR) of 8.8%.
• This growth is attributed to urbanization, advanced driver assistance systems (ADAS), autonomous vehicles, stricter safety standards, connectivity features, and sustainable materials.
What Is Driving The Growth In The Automotive Windshield Market?
The automotive industry's increasing growth fuels the growth of the automotive windshield market. The automotive industry, which encompasses various companies and organizations involved in the design, development, manufacturing, marketing, and selling of motor vehicles, plays a crucial role in the demand for windshields. Windshields protect the occupants and the interior from outside elements, and it also strengthens the vehicle's structure. For example, according to the European Automobile Manufacturers' Association, Seven months into 2024, new car registrations rose by 3.9%, exceeding 6.5 million units. Consequently, the global automotive industry's increasing growth propels the growth of the automotive windshield market.
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Who Are the Key Players Driving Automotive Windshield Market Growth?
Numerous major companies operate in the automotive windshield market including:
• 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.
What Are The Key Trends In The Automotive Windshield Market?
The automotive windshield market is witnessing several trends leading to growth and innovation:
• Head-up display integration
• Augmented reality windshields
• Self-healing coatings
• Dynamic tinting
• Gorilla glass adoption
• Advanced sensors for environmental monitoring
What Are The Segments Of The Global Automotive Windshield Market?
The automotive windshield market research report covers the following segments:
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)
Which Region Leads The Automotive Windshield Market?
In 2024, Asia-Pacific was the largest region in the automotive windshield market. Regions covered in the market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Automotive Windshield Market Global Market Report?
- Market Size Analysis: Analyze the Automotive Windshield Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Automotive Windshield Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Automotive Windshield Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Automotive Windshield Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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