Asia-Pacific Region Emerges as Dominant Market for Automotive Windshields

Posted by Devanand on May 9th, 2023

Automotive Windshield Market Synopsis

The automotive windshield market refers to the demand and supply of windshields for vehicles such as cars, trucks, buses, and other commercial vehicles. Windshields are an essential component of any vehicle as they protect passengers from wind, rain, and other elements while driving. They also provide structural support to the vehicle, helping to maintain its rigidity and integrity.

The market for automotive windshields is driven by the growth in the automotive industry and increasing demand for advanced safety features in vehicles. The rise in disposable income and changing lifestyle patterns of consumers have led to an increase in demand for vehicles, which has consequently led to a surge in demand for automotive windshields.

Market Research Future Insights

According to MRFR analysis, the global Automotive Windshield Market is expected to register a CAGR of ~7.45% from 2022 to 2030 and hold a value of over USD 28.41 Billion by 2030.

The automotive windscreen is one of the most important car components that has been getting a lot of attention from big car companies. Automobile windscreen is one of the technical improvements that the automotive industry has made in recent years, making it one of the primary revenue-generating businesses. The demand for automobile windscreens has been found to increase during the forecast period, indicating that the industry has experienced impressive growth. The future car windscreen market is anticipated to be quite enormous.

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Regional Analysis

North America has long been the dominant player in the automotive windshield market, and that trend is unlikely to change anytime soon. The region is home to some of the world's leading automakers, and its companies have a strong hold on the global supply chain. In addition, North American consumers have a strong preference for vehicles with large, high-quality windshields. As a result, the North American automotive windshield market is expected to continue to grow at a healthy pace in the coming years.

Market Segmentation

The Global Automotive Windshield market has been segmented into Position, Glass Type, and Vehicle Type.

Based on the Position, the market has been segmented into Front and Rear.

Based on the Glass Type, the market has been segmented into Tempered and Laminated.

Based on the Vehicle Type, the market has been segmented into Passenger Cars, Light Commercial Vehicles, and Heavy Commercial Vehicles.

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Key Players

Some of the key market players are Asahi Glass, Saint-Gobain, Xinyi Glass, Fuyao Glass Industry, Nippon Sheet Glass, Vitro, Dura Automotive, Sisecam Group, Magna International, and Guardian Industries.

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Devanand

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Devanand
Joined: July 26th, 2022
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