Automotive Windshield Market 2020 Industry Analysis Research Report

Posted by Abhijeet Bendre on January 15th, 2020

Market research future published a half cooked research report on global automotive windshield market. The automotive windshield market is expected to grow at ~7.4% CAGR during the period 2017 to 2023.

Market Highlights

The global automotive windshield market is very dynamic, and is expected to witness significant growth over the forecast period. Automotive windshield is one of the most crucial part vehicles that has been gaining a lot of attention among the major vehicle manufacturers. Automotive industry has become one of the major revenue generating industries and has come up with several technological advancements in the last few years, automotive windshield being one of them. The global automotive windshield market has seen remarkable growth in the global market and it has been observed that, its demand in future is expected to grow with the CAGR of ~7.4% during the forecast period.

The global market of automotive windshield is growing rapidly. Focus on improved efficiency, and technological advancement, makes automotive windshield popular among manufacturers and consumers. Automotive windshield accounts for features such as safety, comfort, and thus could conveniently be used in industries. Research and development into automotive windshield manufacturers so as to introduce innovative features in automotive windshield, is a trend. With several driving factors such as the growing demand of passenger vehicles, growing urban population, increasing environment concerns, and rising disposable income of middle class population, the global automotive windshield market is poised to grow over USD 14,270 million by 2023 at an estimated CAGR of 7.4% through the forecast period.

Market Research Analysis

Geographically, the global automotive windshield market by region has been segmented into North America, Europe, Asia Pacific and Rest of the world. This market has seen substantial growth over the past few years and it has been experienced that the market will remain on the same growth level until the end of the forecast period. Among the regions covered, Asia Pacific has accounted the largest market for automotive windshield market followed by North America.

Major factors that have driven the automotive windshield market are increase in sales of new vehicles, increasing focus on R&D for automotive windshield, rising urbanization led to growth of automobile industry and others. On the other hand, factors that are hindering the market are higher cost of smart glass, and strict government regulations over certification of automotive windshield. Despite these factors, the automotive windshield market is expected to show a good market figure owing to technological advancements and increasing demand for passenger vehicles.

The dominance of Asia Pacific becomes evident in the global automotive windshield market value due to the presence of most populous countries in the world such as China and India. The market has been witnessing rapid growth in the last two years owing to the rising sales of passenger cars, increasing usage of glass on vehicles, increasing popularity of vehicle sunroof and technological advancements. Another major reason behind Asia Pacific leading the global market is that the countries within this region were able to sustain its economy during the global economic crisis of 2008-09. They have also been able to showcase continued growth in automobile production and sales, across the globe.

TABLE OF CONTENTS

1 EXECUTIVE SUMMARY

2 SCOPE OF THE REPORT

2.1 MARKET DEFINITION

2.2 SCOPE OF THE STUDY

2.2.1 DEFINITION

2.2.2 RESEARCH OBJECTIVE

2.2.3 ASSUMPTIONS

2.2.4 LIMITATIONS

2.3 RESEARCH PROCESS

2.3.1 PRIMARY RESEARCH

2.3.2 SECONDARY RESEARCH

2.4 MARKET SIZE ESTIMATION

2.5 FORECAST MODEL

3 MARKET LANDSCAPE

3.1 PORTER’S FIVE FORCES ANALYSIS

3.1.1 THREAT OF NEW ENTRANTS

3.1.2 BARGAINING POWER OF BUYERS

3.1.3 BARGAINING POWER OF SUPPLIERS

3.1.4 THREAT OF SUBSTITUTES

3.1.5 SEGMENT RIVALRY

3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS

4 MARKET DYNAMICS

4.1 INTRODUCTION

4.2 MARKET DRIVERS

4.3 MARKET RESTRAINTS

4.4 MARKET OPPORTUNITIES

4.5 MARKET TRENDS