Automotive Windshield Market Scenario by 2032
The global automotive windshield market is anticipated to value USD 28.83 billion, expanding at a CAGR of 7.45% during the forecast year 2023-2032. The increasing demand for passenger vehicles is one of the most substantial elements driving the global automotive windshield market 2032. The rising environmental concerns is another factor leading to market expansion. The global automotive windshield market has witnessed an exponential growth, and the future of the global automotive windshield market is estimated to be very broad
The outbreak of coronavirus has resulted in a halt in daily business operations. The research performed by MRFR tracks the aftermath of the COVID-19 pandemic. Also, a precise study of factors augmenting and impeding the market in the post-COVID-19 period has been evaluated. We will provide COVID-19 impact analysis with the report.
The notable market competitors of the worldwide market are:
· Saint-Gobain (France),
· Asahi Glass (Japan),
· Xinyi Glass (China),
· Nippon Sheet Glass (Japan),
· Fuyao Glass Industry (China),
· Dura Automotive (U.S.),
· Vitro (Mexico),
· Magna International (Canada),
· Sisecam Group (Turkey),
· PPG Industries (U.S.),
· Guardian Industries (U.S.),
· Shenzhen Benson Automobile (China) and others.
The worldwide automotive windshield market can be segmented on the basis of glass type, vehicle type, end market, and region.
On the basis of glass type, the worldwide automotive windshield market can be segmented into tempered and laminated.
On the basis of vehicle type, the worldwide automotive windshield market can be segmented into light commercial vehicles, passenger cars, and heavy commercial vehicles.
On the basis of the end market, the worldwide automotive windshield market can be segmented into OEMs and aftermarket.
On the basis of region, the worldwide automotive windshield market can be segmented into North America, Europe, Asia Pacific and Rest of the world.
The geographical analysis of North America, Europe, Asia Pacific and Rest of the world has been performed. The market has witnessed significant growth from the past few years. Among the nations evaluated, the APAC region is likely to reign the automotive windshield market. The market has witnessed rapid growth from the past few years.
There has been a rise in the sales of passenger cars, the rising usage of Glass on vehicles, the technological evolution, and the rising popularity of vehicle sunroof. Among all nations, the emerging nations like China and India are estimated to make a significant contribution to expanding the market. Moreover, the APAC region sustained the global economic crisis of 2008-09 and have been displaying the growth in production and sales across the world.
The second position has been attained by North America. The region consists of established players. Besides, the region consists of developed nations like The U.S. and Canada. Also, the region is technically advanced, which helps in propelling the market further. Among all nations, the U.S. is estimated to make the most significant contribution in expanding the market.
The outbreak of COVID-19 is likely to change the market mechanism of several regions. Several markets have been influenced significantly due to the observation of nationwide lockdown in various countries