Automotive Windshield Market Size By Glass Type (Laminated Glass, Tempered Glass), Vehicle (Passenger Car, Light Commercial Vehicle (LCV)), Application (Front Windshield, Rear Windshield), & Region for 2024-2031
Published on: 2024-08-01 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Automotive Windshield Market Size By Glass Type (Laminated Glass, Tempered Glass), Vehicle (Passenger Car, Light Commercial Vehicle (LCV)), Application (Front Windshield, Rear Windshield), & Region for 2024-2031
Automotive Windshield Market Valuation – 2024-2031
The increasing production of automobiles in emerging economies coupled with the growing disposable income of an individual is fueling the growth of the market. The increasing awareness among consumers about the benefits of the windshield in protecting against UV rays is expanding the demand for efficient windshields. According to the analyst from Market Research, the automotive windshield market has a valuation of USD 28.12 Billion by 2031 over the forecast subjugating around USD 18.17 Billion in 2024.
The automotive windshield market is principally driven by the rise in vehicle production, sales, and vehicle parts. Also, the automotive windshield market for automotive is directly linked to the global production of vehicles, as every vehicle is claimed to be equipped with a windshield. This surge in demand enables the market to grow at a CAGR of 6.19% from 2024 to 2031.
Automotive Windshield MarketDefinition/ Overview
An automotive windshield is a specially constructed sheet of glass that is installed in the front of a vehicle to protect it from the weather while also providing a clear view for the driver and passengers. It protects passengers from wind, rain, debris, and other environmental threats, thereby improving their safety and comfort. Furthermore, car windshields serve an important function in maintaining the structural integrity of the vehicle’s cabin and facilitating airbag activation during collisions.
Furthermore, the primary purpose of windshields is to protect vehicle occupants from outside elements. However, modern vehicles also come equipped with sophisticated features like adaptive cruise control, heating elements for defrosting, and UV-blocking coatings for sun protection. These additions enhance the driving experience and safety of windshields.
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Which are the Drivers Encouraging the Adoption of the Automotive Windshield?
Stringent safety regulations mandate the use of laminated glass windshields, particularly to ensure occupant safety during collisions, thus compelling automakers to adhere to prescribed safety standards. Moreover, the burgeoning global automotive industry, marked by increasing vehicle production rates, directly correlates with heightened demand for windshields, as they are integral components of every vehicle.
Concurrently, technological advancements in windshield design, including advanced coatings and integration with driver assistance systems, augment safety, comfort, and functionality, fostering consumer preference for vehicles equipped with such features. The rise in vehicle ownership, particularly in urban areas spurred by urbanization and infrastructure development, underpins the demand for windshields.
Furthermore, the growing awareness regarding the importance of road safety and the consequential surge in the installation of driver assistance systems further drive the adoption of automotive windshields. Lastly, evolving consumer preferences towards aesthetically pleasing vehicles, coupled with the demand for premium features like tinting and UV protection, further fuel market growth, prompting manufacturers to innovate and diversify their windshield offerings to cater to varying consumer needs and preferences.
What are the Challenges in Automotive Windshield Market?
Numerous obstacles hinder the automotive windshield market’s expansion and effectiveness. The biggest obstacle to producing high-quality windshields is the high cost of manufacturing, especially for those with integrated sensors or curved glass, which are cutting-edge technologies. These expenses prevent consumers from being affordable and accessible, which hinders market penetration.
Delays in transportation or shortages of raw materials can cause supply chain disruptions, which can throw off production schedules and raise costs. Complying with regulations is also a big problem for manufacturers because they have to make sure their windshields meet strict safety and performance requirements, which means they have to spend money on R&D.
In addition, the intricate process of installing windshields calls for specific tools and knowledgeable professionals, which raises the possibility of mistakes or poor quality if not done correctly. Sustainable manufacturing and recycling methods are therefore required due to the negative environmental effects of the glass production and disposal processes, which are especially concerning in terms of energy consumption, emissions, and waste generation.
Category-Wise Acumens
How do Light Commercial vehicles (LCVs) Help in the growth of the Market?
According to analysis, the light commercial vehicle segment is estimated to dominate the market during the forecast period due in large part to the presence of light commercial vehicles (LCVs). LCVs, a crucial sector of the automotive industry, make up a sizeable share of the global vehicle fleet, which includes a variety of vehicles like vans, pickup trucks, and delivery cars. The growth of e-commerce, urbanization, and last-mile delivery services are driving an increasing demand for LCVs, which in turn is driving up demand for automobile windshields.
Since LCVs are necessary for the transportation of goods and services in both urban and rural areas, their windshields are likely to sustain damage from frequent use and environmental factors. Because of this, LCV windshield replacement and repair occur more frequently than in passenger cars, which sustains a steady aftermarket demand for automotive glass products. The market is also growing because of safety regulations that require laminated glass windshields in LCVs because manufacturers have to make sure that the regulations are followed.
Furthermore, the need for specialized windshield solutions is driven by the changing design trends and technological advancements in LCVs, such as the incorporation of advanced driver assistance systems (ADAS) and connectivity features. To support ADAS features in LCVs such as collision avoidance systems, adaptive cruise control, and lane departure warning, windshields with integrated sensors and cameras are necessary, which is driving the market’s expansion.
Which Factors are Influencing the Growth of Rear Windshields in the Market?
The rear windshields segment is estimated to dominate the market during the forecast period. Stringent safety regulations mandating the use of laminated glass in rear windshields to ensure occupant safety during collisions are propelling market growth. This regulatory environment compels automakers to prioritize safety features, including robust rear windshield designs, to comply with prescribed standards. Additionally, technological advancements in rear windshield design, such as advanced coatings and defrosting systems, are enhancing functionality and durability, thereby increasing consumer demand for vehicles equipped with such features.
The increasing adoption of advanced driver assistance systems (ADAS) is driving the integration of sensors and cameras into rear windshields to support functionalities such as rearview cameras, parking assistance, and blind-spot detection, further fueling market growth. Additionally, changing consumer preferences towards aesthetically pleasing vehicles, coupled with the demand for premium features like privacy glass and integrated spoilers, are driving innovation in rear windshield designs to cater to varying consumer needs and preferences.
Furthermore, the rise in vehicle ownership, particularly in urban areas, is increasing the demand for rear windshields, as rear windows are integral components of every vehicle, regardless of type or segment. These factors collectively contribute to the growth of the rear windshield segment within the automotive windshield market, presenting opportunities for manufacturers to innovate and diversify their product offerings to meet evolving consumer demands.
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Country/Region-wise Acumens
Which Region has the Most Potential for Growth in the Automotive Windshield Market?
Laminated glass windshields are required in North America to protect vehicle occupants during collisions due to tight safety standards. These safety standards include the Federal Motor Vehicle Safety Standards (FMVSS) in the United States and the Canada Motor Vehicle Safety Standards (CMVSS) in Canada. Compliance with these regulations drives the market for premium windshields that meet the specific safety criteria.
In North America, technological advancements in the automotive sector are a defining characteristic, particularly in terms of vehicle features and design. Advanced windshield solutions are in great demand due to the increasing prevalence of windshield technologies in cars such as heads-up displays (HUDs), integrated sensors for driver assistance systems (ADAS), and advanced coatings.
Furthermore, North America is a significant hub for the automotive industry, with many Original Equipment Manufacturers (OEMs) and assembly plants spread throughout the continent. The production of passenger cars, light trucks, and commercial vehicles in North America fuels the need for automotive windshields, which are crucial components of vehicle assembly.
Which Region Dominates in the Automotive Windshield Market?
The Asia Pacific region is estimated to dominate the market during the forecast period. The middle class is expanding and urbanization is happening quickly throughout the Asia-Pacific region. The demand for automobiles, including passenger cars and commercial vehicles, is rising due to this demographic trend, and this in turn is increasing the demand for automotive windshields. Thailand, South Korea, Japan, China, and India are among the nations that significantly contribute to the global automobile industry. These nations have made a name for themselves as export and domestic manufacturing centers.
Furthermore, the demand for car windshields in the area is further increased by the existence of major automakers and a strong supply chain network. To raise the bar for road safety, governments in the Asia-Pacific area are enacting stricter safety laws. Market expansion is fueled by the requirement to comply with these regulations, which require the use of premium windshields that adhere to strict safety standards.
Competitive Landscape
The competitive landscape in the automotive windshield market is dynamic and evolving, driven by changing customer preferences, technological advancements, and market dynamics. Providers continue to innovate and differentiate their offerings to stay competitive and capture market share in this rapidly growing industry.
Some of the prominent players operating in the automotive windshield market include
- DuPont
- DSM
- Honeywell International Inc
- Saint-Gobain
- 3M
- KONINKLIJKE TEN CATE BV.
- ATI
- SAAB AB
- CERAMTEC
- CoorsTek, Inc.
Latest Developments
- In February 2021, the Netherlands, Teijin Limited increased the size of its Teijin Aramid manufacturing facility. The last step in a multi-year program to boost production capacity and sustainability at Teijin Aramid facilities was installing the new equipment.
- In December 2020, the new 4030 ELITE Bomb Disposal Suit was introduced by NP Aerospace, a leading maker of armor worldwide. With the introduction of a new generation of bomb disposal suits aimed at North America and other crucial international markets, it has expanded its Explosive Ordnance Disposal (EOD) range.
- In November 2020, Agilitas agreed to support the acquisition of TenCate Advanced Armor Holding B.V. and its subsidiaries, according to a statement from TenCate Advanced Armor Holding B.V.
Report Scope
REPORT ATTRIBUTES | DETAILS |
---|---|
STUDY PERIOD | 2021-2031 |
Growth Rate | CAGR of ~6.19% from 2024 to 2031 |
Base Year for Valuation | 2024 |
FORECAST PERIOD | 2024-2031 |
HISTORICAL PERIOD | 2021-2023 |
Quantitative Units | Value (USD Billion) |
Report Coverage | Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis |
Segments Covered |
|
Regions Covered |
|
Key Players | DuPont, DSM, Honeywell International Inc, Saint-Gobain, 3M, KONINKLIJKE TEN CATE BV., ATI, SAAB AB, CERAMTEC, CoorsTek, Inc. |
SEGMENTS COVERED | By Glass Type, By Vehicle, By Application, And By Geography |
CUSTOMIZATION SCOPE | Report customization along with purchase available upon request |
Automotive Windshield Market, by Category
Glass Type
- Laminated Glass
- Tempered Glass
Vehicle
- Passenger Car
- Light Commercial Vehicle (LCV)
- Heavy Commercial Vehicle (HCV)
Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Research Methodology of Market Research
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support
Customization of the Report
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