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Automotive Windshield Market Pegged for Robust Expansion During 2016 - 2026
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Global Automotive Windshield Market Dynamics
The global automotive windshield market is mainly driven by increasing vehicle production, sales, and vehicle parc. As every vehicle is required to be equipped with windshield, therefore the market is directly related with the global vehicle production. The growing vehicle production is anticipated to enhance the market for automotive windshield in next 10 years. The demand for automotive windshield is also prominent in the aftermarket. The aftermarket for automotive windshield is based on the breakage of the windshield due to accidents, improper maintenance, etc. Nowadays special purpose windshields, such as bullet resistance windshields, are also used to provide additional safety and security to the vehicle occupants.
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Global Automotive Windshield Market: Regional Outlook
Geographically, the global automotive windshield market can be divided by major regions which include North America, Latin America, Western and Eastern Europe, Asia-Pacific region, Japan, Middle East & Africa. The prominent market for automotive windshield are Asia-Pacific, North America, and Western Europe. The high demand for automotive windshield in the above mentioned regions is due to the high vehicle production in these regions. The major automotive hubs present in these regions are China, India, South Korea, Germany, France, Spain, U.K., Italy, the U.S., and Canada. The increase in the vehicle production and parc has enhanced the global market for automotive windshield in 2015 and it is projected to grow at a significant CAGR for the forecast period.
Global Automotive Windshield Market Players
The major players identified for the global automotive windshield market include Saint-Gobain SA, Asahi Glass Co., Ltd., Fuyao Glass Industry Group Co., Ltd., Nippon Sheet Glass Co. Ltd., Guardian Industries, ?i?ecam Group, Safelite Auto Glass, and Xinyi Glass Group among others. In order to meet the increasing demand of automotive windshield, companies all over the world are looking to expand the product portfolio by launching new products in the market.
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