Global Automotive Windshield Market

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 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.

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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 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. '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)'

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.

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.

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.

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Global Automotive Windshield Market

Report ID: SQMIG25A2281

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