Automotive Windshield Market


Posted July 4, 2023 by Vamshikrishna19

Windshields are designed to support the vehicle structure, and they're attached to the vehicle structure by using polyurethane adhesives

 
The Global Automotive Windshield Market was worth US$ 16.55 billion in 2022 and is anticipated to reach a valuation of US$ 24.24 billion by 2028 and is predicted to register a CAGR of 6.83% during 2023-2028.

Windshields are made to support the vehicle structure, and polyurethane adhesives are used to secure them to the structure. Laminated glass, used to make automotive windshields, is resistant to breaking and reduces the risk of serious injury. The manufacture of these windshields in the car industry frequently use laminated lenses. Windshields in cars shield the driver and passengers from elements including sunlight, dust, wind, pollution, and other outside particles that may enter the car. A translucent layer of materials, such as polyvinyl butyral (PVB), ethylene-vinyl acetate (EVA), or thermoplastic polyurethane (TPU), among others, is infused between two pieces of glass during the manufacturing process of safety glass to prevent the glass from shattering.

The demand for automobile windshields has been observed to increase over the past few years, and it is anticipated that this trend will continue during the projected period. Future forecasts indicate that the vehicle windshield industry will be quite diverse. Additionally, the expansion has gained momentum as a result of the sharp increase in passenger car sales and technical advancements. This is frequently attributable to a number of developments, including the developing demand for passenger cars, the rising urban population, growing environmental concerns, and the rising income of the bourgeoisie population. The market has mostly profited from the paradigm shifts in governmental laws and end-user perceptions of increased auto safety.

Market Drivers and Restraints:

The increase in vehicle production, sales, and component sales are the main factors driving the worldwide automotive windshield industry. Due to the requirement that every vehicle has a windshield, the automotive windshield market is closely related to the global automobile industry. During the forecast period, it is predicted that increasing vehicle production would boost the automotive windshield market. In the aftermarket, there is a considerable need for automobile windshields. The automobile aftermarket for windshields is based on windscreen breaking due to mishaps, poor care, etc. Currently, additional safety and security for the car's occupants is provided by special-purpose windshields like bullet-resistant ones.

The high price of smart windshields has been cited as a restraint in the worldwide automobile windshield market. Because consumers are prepared to spend more for increased comfort and luxury, the automotive industry is gradually implementing innovative technologies. Because most end users are still unaware of the benefits of the smart windshield, this high cost is not acceptable to them. Glass makers, and ultimately windshield manufacturers, are being plagued by the rising cost of the raw materials required to make glass, including a discount in the supply of fuel like gasoline and washing soda. The market for automotive glass is being harmed by these price swings. This aspect can make it harder for this market to grow in various ways.

To know more, read:

https://www.marketdataforecast.com/market-reports/automotive-windshield-market

The report is segmented as follows: market

The Automotive Windshield Market is segmented by Glass Type; the Market is segmented by Vehicle Type; the Market is segmented by End-User:

By Glass Type (Tempered, Laminated)

By Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles)

By End-User (OEMs, Aftermarket)

Market Regional Segmentation:

From 2020 to 2025, the Asia Pacific automotive windshield market is anticipated to be the most significant market for international trade. Numerous variables, including rising safety concerns among people, UV protection, rising vehicle production, and the use of windshields for displays, are frequently cited as the causes of the market expansion in the region. Due to the proximity of the top automakers, the European automotive windshield industry represents a significant share of global sales.

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https://www.marketdataforecast.com/market-reports/automotive-windshield-market/request-sample

Impact of the COVID-19 pandemic on the market:

The COVID-19 epidemic has caused supply chain disruptions that have reduced supply or decreased demand in the market for automotive glass. Consumer and company expenditure have fallen sharply as a result of the travel restrictions and social isolation policies, and this trend is expected to last for some time. The epidemic has altered end-user trends and tastes, which has led to manufacturers, developers, and service providers adopting a variety of tactics to stabilize the business.

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Categories Automotive , Business , Marketing
Tags automotive windshield market , automotive windshield market size , automotive windshield market share , automotive windshield market growth , automotive windshield market analysis
Last Updated July 4, 2023