The global automotive windshield market size will expand considerably backed by rising sales and production of the vehicle. This information is published by Fortune Business Insights™ in an upcoming report, titled, “Automotive Windshield Market Size, Share & Industry Analysis, By Position Type (Front, Rear), By Glass Type (Tempered, Laminated), By Vehicle Type (PC, LCV, HCV) Others and Regional Forecast, 2019-2026.” Windshields play a pivotal role in an automobile industry by protecting the driver and other occupants from external factors such as the wind, sunlight, dust, pollution, and others. Windshields are part of an automobile irrespective of it being a passenger car, light commercial vehicle, bus, or a heavy truck. According to Auto Glass Safety Council, a windshield provides adequate amount of support to the structure in the cabin of every automobile.
For instance, during a front end collision, the windshield provides about 45% structure support, while during a roll-over it is about 60% structural support. A rising automotive sector with increasing awareness regarding commuter safety is expected to boost the growth for the market during the forecast period.
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The report offers in-depth details about the automotive windshield market trends, opportunities and challenges to be faced by the market during the forecast period. Furthermore, it gives qualitative and quantitative analysis for the market by adopting various research methodologies like the SWOT analysis and PESTEL analysis by our lead analysts. It furthers provides information on growth parameters in the competitive landscape such as investments, mergers and acquisitions, latest product launches, collaborations, tie-ups, and contract. Additionally, it segments the global automotive windshield market based on the position type, glass type, vehicle type, and regional demographics. The information provided in the report is well-researched through trusted sources and opinions from the experienced market experts.
Driver and restraints:
Technological Advancements in Windshield Production to Boost Market Prospects
The global automotive windshield market is directly related to the sales and production of vehicles. Rising sales of vehicles will contribute significantly to the growth of the market in the forthcoming years. Additionally, technological advancements in the windshield is anticipated to boost the automotive windshield market growth. Furthermore, use of solar reflective windshield is expected to contribute positively for the growth of the market. For instance, in September 2017, Volkswagen (VW), one of the leading car manufacturers, announced the launch of its Silver-embedded windshield. The specialty of this windshield is that it offers a reflective surface that rebounds 60% of the sun’s rays in the summer and removes snow from the glass during winters with the help of added electricity.
On the contrary, the market may face a barrier to growth at some extent owing to high-cost that could be incurred when replacing the windshields.
Increasing Vehicle Production to Propel Market in Asia-Pacific; Europe to be a Runner-up
Among regions, Asia-Pacific is expected to lead significantly owing to factors such as increasing vehicle productions, rising awareness on harmful effects of UV rays, and growing use of windshield. Furthermore, in Asia-Pacific, countries such as India, China, and Japan will hold significant automotive windshield market shares backed by presence of key players. On the other hand, Europe is expected to be the second-most leading region owing to large R&D investments by key players to manufacture advanced windshield. This is expected to drive the market in Europe between 2019 and 2026.
Corning Launches Gorilla Glass for Windshield
The global automotive windshield market consists of numerous small, medium, and big enterprises that are constantly working towards gaining more share and strengthening their positions by launching innovative products. Players are planning to adopt several strategies such as mergers, acquisitions, and collaborations to gain a competitive edge in the market during the projected horizon.
- December 2015: Corning Inc., an American multinational technology company, is partnering with FORD. Ford GT to have Corning® Gorilla® Glass windshield that is more light and durable.
List of key players present in the global automotive windshield market are:
- AGC Inc.
- Compagnie de Saint-Gobain S.A.
- Magna International Inc.
- Xinyi Glass Holdings Limited
- Fuyao Glass Industry Group Co. Ltd.
- Nippon Sheet Glass Co. Ltd.
- Central Glass Co., Ltd.
- Guardian Industries LLC
- Shenzhen Benson Automobile Glass Co. Ltd.
- Dura Automotive Systems Inc.
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