USD 27.82 Billion
Automotive Windshield Market Size, Share, Growth Analysis, By Vehicle Type(Passenger Cars (PC), Light Commercial Vehicles (LCV), and Heavy Commercial Vehicle (HCV)), By Electric Vehicle Type(Battery Electric Vehicles (BEV), Hybrid Electric Vehicle (HEV), and Plug-In Hybrid Electric Vehicle (PHEV)), By Position(Front Windshield, Rear Windshield), By Material Type(Thermoset Material, and Thermoplastic Material), By Glass Type(Laminated Glass, and Tempered Glass), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG25A2281 |
Region:
Global |
Published Date: October, 2024
Pages:
226
|Tables:
88
|Figures:
72
Automotive Windshield Market Insights
Global Automotive Windshield Market size was valued at USD 19.41 billion in 2022 and is poised to grow from USD 20.63 billion in 2023 to USD 33.58 billion by 2031, growing at a CAGR of 6.28% in the forecast period (2024-2031).
The windshield is attached to the vehicle structure using a polyurethane coating. The primary use of windshields is to protect the driver and passengers by preventing wind, sunlight, dust, dirt and other foreign matter from entering the vehicle and to reduce the risk of injury through safety glasses resisting any breakage after an accidental impact.
The global automotive windshield market is segmented by position, electric vehicle, vehicle type, glass type, product type, and geography. Laminated glass will account for the largest market share during the forecast period. Increasing use of laminated glass for protection against harmful ultraviolet (UV) rays will fuel the growth of the global automotive windshield market.
The increasing use of windshields for cutting-edge display technology is occurring throughout the global automotive windshield market. However, the high cost of smart windshields will restrain the market growth. After North America, APAC is going to emerge as one of the highest growth regions during the forecast period. Increasing number of vehicles, use of automotive sunglasses, and safety glass, such as laminated and tempered glass as compared to other industries, will drive the global automotive windshield market in the APAC region.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Passenger Car
Fastest Growth
Heavy Commercial Vehicle
Growth Rate
7.9% CAGR
Global Automotive Windshield Market ($ Bn)
Country Share for Asia Pacific Region (%)
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Automotive Windshield Market Segmental Analysis
Global Automotive Windshield Market is segmented on the vehicle type, electric vehicle type, position, material type, glass type, and region. By vehicle type, market is segmented into Passenger Cars (Pc), Light Commercial Vehicles (Lcv), and Heavy Commercial Vehicle (Hcv). By electric vehicle type, market is segmented into Battery Electric Vehicles (Bev), Hybrid Electric Vehicle (Hev), and Plug-In Hybrid Electric Vehicle (Phev). By position, market is segmented into Front Windshield, Rear Windshield. By material type, market is segmented into Thermoset Material, and Thermoplastic Material. By glass type, market is segmented into Laminated Glass, and Tempered Glass. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis by Position
The front segment accounted for the largest automotive windshield market share by 2022 and is expected to dominate throughout the forecast period. Passenger cars, light commercial vehicles and heavy commercial vehicles all use front mirrors. Additionally, the windshield protects the driver from debris, wind and other elements. Thus, replacing or fitting windshields has always been a priority among the public or manufacturers. Thus, increasing adoption of front mirrors in vehicles to enable safe use is expected to drive the market growth in the coming years.
The rear segment is also expected to rise significantly in the coming years. Rear windshields are mainly used in passenger cars and light commercial vehicles. Thus, their upcoming sales are likely to boost segment growth over the forecast period.
Analysis by Vehicle Type
The passenger car segment dominates the market and is likely to remain dominant over the forecast period. Passenger cars already account for the largest share of global vehicle production. Also, increasing demand for private cars and increasing popularity of new generation luxury passenger cars among the public is expected to boost the growth of the segment.
The heavy commercial vehicle segment is expected to witness the fastest growth during the forecast period. Growing transportation and logistics industry across the globe, recent increase in e-commerce adoption is some of the major factors driving the sales of heavy commercial vehicles. Furthermore, light commercial vehicles are predicted to have the demand for short-haul transportation and logistics will witness significant growth in the coming years.
Global Automotive Windshield Market By Vehicle Type (%)
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Automotive Windshield Market Regional Insights
Asia Pacific dominates the market share by 2022 and is expected to witness fastest growth in upcoming years. Growing automobile manufacturing in major countries such as India and China are driving the market growth in this segment. For example, by 2022, China will produce more cars than any other country in the world, according to OICA. Furthermore, government support for the adoption of electric vehicles by banning older cars in China and offering EV-friendly incentives is expected to boost market growth in the region.
Europe had the second largest market share in 2022. Europe is well known for adopting new technologies and innovations. Thus, automotive windshields should be equipped with advanced technologies such as electronically heated windshields, UV protective windshields, among others to boost the market in the forecast period.
Global Automotive Windshield Market By Geography
- Largest
- Fastest
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Automotive Windshield Market Dynamics
Drivers
Increasing Global Automotive Production to Fuel Market Growth
- The growth of the market is primarily driven by the growth of the global automotive windshield market. For example, according to automobile production estimates published by the OICA, total automobile production including passenger cars and commercial vehicles rose from 80 million to 85 million by 2021. After the pandemic, vehicle production is constantly increasing affecting the market growth. Furthermore, increasing demand for personal vehicles in emerging economies and improving standard of living is expected to fuel the rapid growth of the market in the coming years.
Rise in Vehicle Electrification
- Major trends in vehicle electrification and improved autonomy are influencing global acceptance of this new generation of advanced vehicles. Thus, the increasing demand for lightweight and durable windshields is expected to increase for premium vehicles during the forecast period. Furthermore, the supply chain is back on track on the post-pandemic recovery. Thus, increasing shipments of automobiles and related auto parts are anticipated to boost the market growth in the future.
Restraints
Global Economic Fluctuations Hamper Market Growth
- The impact of global economic fluctuations increases inflation and causes a sharp rise in the cost of vehicles and related accessories such as windshields etc. Thus, higher cost of vehicles and related accessories causes consumers to avoid or delay driving they will fall under the trending consumer preference towards cheaper repairs may hamper the market growth in the coming years.
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Automotive Windshield Market Competitive Landscape
The competitive environment of the Global Automotive Windshield Market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. The global automotive windshield market is highly competitive, notably with several key players vying for market share. Saint-Gobain is a leading manufacturer of automotive windshields, offering a wide range of products for different vehicle types and requirements. The company places emphasis on innovation and durability in its supply chain.
Top Player’s Company Profiles
- Asahi Glass (Japan)
- Saint-Gobain (France)
- Xinyi Glass (China)
- Fuyao Glass Industry (China)
- Nippon Sheet Glass (Japan)
- Vitro (Mexico)
- Dura Automotive (US)
- Sisecam Group (Turkey)
- Magna International (Canada)
- Guardian Industries (US)
- PPG Industries (US)
- Shenzhen Benson Automobile (China)
- DuPont (US)
- DSM (Netherlands)
- Honeywell International, Inc. (US)
- KONINKLIJKE TEN CATE BV. (Netherlands)
- ATI (US)
- SAAB AB (Sweden)
- CERAMTEC (Germany)
- CoorsTek, Inc. (US)
Recent Developments
- January 2023 – General Motors submits a patent application for an augmented reality (AR) windshield with an auto-dim function. This new windshield aims to improve the overall driving experience by simply changing its reflection level.
- February 2023 – BMW unveils the iVISION Dee at CES 2023 in partnership with Gauzi. The company showcased its technology integration and modernization strategy prioritizing comfort, safety and enhanced driving experience with Gauzi's LCG Smart Glass technology The company's technology collaboration with Gauzi's makes it the first dream carmaker where smart glass can integrate with all passenger cars.
- February 2022 – AGC & iLights announce a partnership to drive technology AR capabilities for a safer in-car experience. The company’s integrated concept is designing windshields and display devices, including the largest virtual screen size (550 inches) and a throw distance of up to 50 meters from the driver.
Automotive Windshield Key Market Trends
- Rising Usage of Electronic Air Conditioners: The increasing trend towards the use of electronic air conditioners among important automotive manufacturers is likely to propel the market growth in the coming years. Consumers in cold climates face problems with frozen windshields. Thus, luxury car manufacturers have incorporated electrically heated windshields that melt snow from the windshield within minutes and since it is an optional technology, large manufacturers have reserved it for cars affordable high quality.
Automotive Windshield Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
Major trends in vehicle electrification and improved autonomy are influencing global acceptance of this new generation of advanced vehicles. Thus, the increasing demand for lightweight and durable windshields is expected to increase for premium vehicles during the forecast period Furthermore, the supply chain is back on track on the post-pandemic recovery Thus, increasing delivery volume of automobiles and related auto parts is expected to fuel the market growth in the future. The impact of global economic fluctuations increases the prices of goods and the cost of automobiles and related accessories such as automotive windshields increases significantly thus increasing the cost of automobiles and related accessories gives consumers avoid or hesitate to buy cars and look for cheaper repair alternatives instead of purchasing a new product from the aftermarket The trending consumer may be restrained by the desire for cheaper repairs the growth trajectory in the coming years.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 19.41 billion |
| Market size value in 2031 | USD 33.58 billion |
| Growth Rate | 6.28% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Automotive Windshield Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Automotive Windshield Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Automotive Windshield Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Automotive Windshield Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Automotive Windshield Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Automotive Windshield Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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