Press release
Global Automotive Windshield Market Expansion at 8.2% CAGR, Valued at $30.73 Billion by 2029
Automotive Windshield Market Size
What Are the Automotive Windshield Market Size Forecast for 2025?
Over the past few years, there has been a substantial growth in the size of the automotive windshield market. The market, which is projected to rise from $21.07 billion in 2024 to $22.43 billion in 2025, is expected to experience a compound annual growth rate (CAGR) of 6.5%. This growth during the historic period is due to factors such as safety rules and regulations, escalation in vehicle manufacturing, increased attention to vehicle safety, heightened consumer requirement for comfort, and environmental factors.
What Is the Market Size Outlook for Automotive Windshield Until 2029?
The market size for automotive windshields is projected to witness considerable growth in the upcoming years, scaling up to $30.73 billion in 2029 with an 8.2% compound annual growth rate (CAGR). The surge during this forecast period can be linked to factors such as urbanization, advanced driver assistance systems (ADAS), self-driving vehicles, stringent safety standards, connected features, and sustainable materials. The period is also poised to see a host of major trends, including the integration of head-up display, development of augmented reality windshields, use of self-healing coatings, dynamic tinting, gorilla glass application, and advanced sensors for environmental surveillance.
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What Are the Major Factors Driving Demand in the Automotive Windshield Market?
The anticipated progression of the automotive industry is predicted to augment the trajectory of the automotive windshield market. The multifaceted nature of the industry, comprising various businesses and entities engaged in the conceptualization, creation, production, promotion, and commerce of motor vehicles, is projected to feed into this growth. Automobiles utilize windshields to provide defence to both occupants and the interiors against external factors like dust, rain, and wind. Moreover, windshields also contribute to fortifying the structural integrity of motor vehicles. For instance, data from the Belgium-based European Automobile Manufacturers' Association in August 2024 revealed that the first seven months of 2024 saw a 3.9% surge in new car registrations, pushing the total over 6.5 million units. The biggest markets within the bloc showed encouraging, albeit moderate growth, with Spain posting a 5.6% increase, Italy with 5.2%, Germany at 4.3%, and France with 2.2% - all showcasing positive inclines. Therefore, this significant rise in the global automotive sector is propelling the advancement of the automotive windshield market.
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How Are End-Use Segments Shaping the Automotive Windshield Market Outlook?
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)
Subsegments:
1) By Laminated Glass: Acoustic Laminated Glass, UV Protection Laminated Glass, Infrared Reflective Laminated Glass
2) By Tempered Glass: Heat-Strengthened Tempered Glass, Fully Tempered Glass, Tinted Tempered Glass
What Are the Strategic Trends Transforming the Automotive Windshield Market Landscape?
The key players in the automotive windshield market are capitalizing on strategic alliances to launch an augmented reality windshield. Such collaborations allow firms to utilize each other's assets and advantages in order to achieve shared gains and progress. An illustration of this is AGC Automotive, a company from the USA specializing in automotive glass, which in January 2022 joined forces with EyeLights, a company from Israel known for developing augmented reality systems. The objective behind the alliance is to incorporate industrial-level augmented reality (AR) functionalities into manufactured vehicles, thereby increasing safety and enriching the overall in-car experience. Merger of the windshield and display technologies results in numerous advantages like a large virtual screen of 550 inches and a projection distance, for the driver, of 50 meters.
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Who Are the Prominent Companies in the Automotive Windshield Market by ?
Major companies operating in the automotive windshield market include 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, Carlex Glass America LLC, Dura Automotive Systems LLC, LKQ Corporation, China Glass Holdings Limited, Samvardhana Motherson International Limited
Which Region Is Expected to See the Highest CAGR in the Automotive Windshield Market?
Asia-Pacific was the largest region in the automotive windshield market in 2024. The regions covered in the automotive windshield market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Asia +44 7882 955267 & +91 8897263534,
Europe +44 7882 955267
Email: saumyas@tbrc.info
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