The global automotive windshield market was valued at USD 18.89 billion in 2023 and is anticipated to reach USD 20.18 billion in 2024 from USD 34.24 billion by 2032, growing at a CAGR of 6.83% during the forecast period from 2024 to 2032.
Windshields are designed to support the vehicle structure, and they're attached to the vehicle structure by using polyurethane adhesives. Automotive windshields are manufactured by using laminated glass which resists any shattering and thus minimizes the danger of serious injuries. In automotive, laminated glasses are often used in the production of these windshields. In automobiles, windshields protect the driving force and passengers from aspects like sunlight, dust, wind, pollution, and other foreign particles entering the vehicle. Safety glass is manufactured by infusing two glass pieces with a transparent layer of materials like polyvinyl butyral (PVB), ethylene-vinyl acetate (EVA), or thermoplastic polyurethane (TPU) among others, under heat and high, which it holds the glass not to get shattered.
The global automotive windshield market has witnessed considerable growth, and it's been observed that its demand for the future is predicted to grow during the forecast period. The global automotive windshield market is predicted to be very broad in the future. Also, the expansion has received momentum thanks to the drastic rise in sales of passenger cars and technological innovations. This is often thanks to several driving trends like the growing need for passenger vehicles, the mounting urban population, expanding environmental concerns, and the rising income of the bourgeoisie population. The market has mostly been taking advantage of the changing paradigms in government regulations and end-users perspectives toward enhanced safety in automobiles.
The global automotive windshield market is primarily driven by the rise in vehicle production, sales, and vehicle parts. The windshield marketplace for automotive is directly associated with the worldwide production of vehicles, as every vehicle is required to be equipped with a windshield. The rising manufacturing of vehicles is anticipated to drive the windshield marketplace for automobiles during the outlook period. Demand for automotive windshields is additionally prominent within the aftermarket. The aftermarket for automotive windshields is predicated on the breakage of the windscreen thanks to accidents, improper maintenance, etc. Currently, special-purpose windshields, like bullet-resistant windshields, also are utilized to supply additional safety and security to the occupants of the vehicle.
Restraint identified within the global automotive windshield market is the high cost of smart windshields. The automotive industry is slowly adopting newer technologies because the end-users are willing to pay a premium for enhanced comfort and luxury. Most end-users are still not conscious of the advantages of the smart windshield, making this high cost unjustified for them. The inflation of raw materials used for glass manufacturing, including a discount within the supply of fuel like washing soda and gas, is haunting glass manufacturers and, ultimately, windshield manufacturers. These price fluctuations are negatively influencing the automotive glass market. This factor may pose a challenge to the expansion of this market to some extent.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2023 to 2032 |
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Base Year |
2023 |
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Forecast Period |
2024 to 2032 |
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CAGR |
6.83% |
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Segments Covered |
By Glass Type, Vehicle Type, End-user, and Region. |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis; Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities |
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Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
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Market Leaders Profiled |
Saint-Gobain (France), Asahi Glass (Japan), Fuyao Glass (China), Xinyi Glass, Nippon Sheet Glass (Japan), Shenzhen Automobile, Central Glass (Japan), and Vitro, and Others. |
Among the glass types, tempered glass accounted for an essential market share in 2016. Over the years, it's been analyzed that the demand for tempered glass has shot up thanks to its superior properties. Tempered glass is comparatively safer than other available substitutes. Various digital systems like GPS tracking systems, remote diagnostics systems, fuel management systems, and driver data systems are provided as typical features in trucks by OEMs. Hence, the expansion of the safety glass segment is predicted to be driven by the increasing use of laminated glasses.
The passenger car segment is predicted to steer the worldwide market demand, followed by light commercial vehicles and heavy commercial vehicles. Factors like the reduced penetration of passenger cars, rising income, and increasing middle-class population are estimated to spice up the sales of the latest passenger cars, which successively is anticipated to propel the global automotive windshield market.
The original equipment manufacturer (OEM) segment is predicted to steer the international market during the projection period due to the rapid improvement in vehicle safety features provided by manufacturers. The aftermarket segment is anticipated to expand at a sluggish pace because of the improving efficiency of products on the manufacturing end. However, rising cases of accidents across the world are expected to propel the aftermarket segment of the market during the projection period.
The Asia Pacific automotive windshield market is projected to be the most important marketplace for global business from 2020 to 2025. The market growth within the region is often attributed to numerous factors like increasing safety concerns among people, protection from ultraviolet rays, increasing vehicle production, and use of windshields for display purposes Europe automotive windshield market accounts for a remarkable portion of the worldwide sales due to the presence of the leading automobile manufacturers within the vicinity.
Saint-Gobain (France), Asahi Glass (Japan), Fuyao Glass (China), Xinyi Glass, Nippon Sheet Glass (Japan), Shenzhen Automobile, Central Glass (Japan), Vitro. These are the market players that are dominating the global automotive windshield market.
By Glass Type
By Vehicle Type
By End-User
By Region
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