Automotive Windshield Market - Market Size, Share, Sales, Growth and Forecast To 2025
Global Automotive Windshield Market: Overview
The global automotive windshield market is projected to grow at a CAGR of 6.28% during the forecast period, to reach USD 23.24 Billion by 2025 from an estimated USD 14.27 Billion in 2017. The increasing use of solar reflective glass for windshields, growing vehicle production, and increasing use of windshield for latest display technologies are the key drivers for the automotive windshield market.
Read Report Overview @
https://www.marketsandmarkets.com/Market-Reports/automotive-windshield-market-114423597.html
The automotive industry is one of the key contributors to the overall GDP of the world and is growing significantly over the years. Growing economy and improving demographics have surged the demand for vehicles across the globe. As the demand for vehicles is growing, the demand for automotive components is also increasing significantly, especially in countries such as China and India. Also, new vehicle model launches and the increasing demand for premium and luxury segment cars have increased the demand for exterior components, such as a windshield. The automotive windshield provides an efficient aerodynamic design, clear visibility, and protection from debris, unwanted particles, ultraviolet (UV) rays, and harmful radiation.
Asia Pacific: Largest market for automotive windshield
The Asia Pacific region is projected to be the largest market for automotive windshield from 2017 to 2025. The market growth in the region can be attributed to numerous factors such as increasing safety concerns among people, protection from ultraviolet rays, increasing vehicle production, and use of windshield for display purpose are expected to fuel the demand for automotive windshields.
Passenger car is estimated to hold the largest market share during the forecast period
Along with the passenger car production, the demand for safety and comfort features has also increased among the end-users. According to the Organization International des Constructers d’Automobiles (OICA) statistics, the global passenger car production has increased from 59.90 million units (2011) to 72.11 million units (2016), at a CAGR of 3.78% over the period of 5 years. Also, developing countries such as China and India have witnessed significant economic growth, which in turn, is increasing the demand for passenger cars. The considerable increase in premium segments of cars is also driving the market for automotive windshields.
Request Report Brochure @
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=114423597
Laminated glass for automotive windshield is estimated to be the largest segment by range from 2017 to 2025
The growth of the automotive windshield market for glass segment is anticipated to be driven by the increasing use of glazed and solar reflective windshield for protection against harmful ultraviolet (UV) rays coming from the sun. Various automotive OEMs, especially in Asia Pacific, are offering solar reflective glasses, and safety glasses, especially for automotive windshields.
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their pain points around revenues decisions.
MarketsandMarkets flagship competitive intelligence and market research platform, "Knowledge store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
sales@marketsandmarkets.com