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Automotive Windshield Market worth 23.24 Billion USD by 2025

Automotive Windshield Market report categorizes the global market by Vehicle Type (PCs, LCVs, and HCVs), Electric Vehicle Type (HEVs, BEVs, and PHEVs), Glass Type (Laminated and Tempered), Material Type (Thermoset and Thermoplastic), Position (Front and Rear), and Region.

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Automotive Windshield Market worth 23.24 Billion USD by 2025

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  1. MarketsandMarkets Presents Automotive Windshield Market worth 23.24 Billion USD by 2025

  2. The report "Automotive Windshield Market by Glass Type (Laminated and Tempered), Material Type (Thermoset and Thermoplastic), Position (Front and Rear), Vehicle Type (PCs, LCVs, and HCVs), Electric Vehicle Type (HEVs, BEVs, and PHEVs), and Region - Global Forecast to 2025", The 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. • Browse: • 57 Market Data Tables • 57 Figures • 134 Pages and in-depth TOC on "Automotive Windshield Market” • You can speak to our analyst@ • https://www.marketsandmarkets.com/speaktoanalyst.asp?id=114423597

  3. Source: MarketsandMarkets Analysis

  4. 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. The global market is estimated to be USD 14.27 Billion in 2017 and is projected to grow at a CAGR of 6.28% to reach USD 23.24 Billion by the end of 2025. Some of the major drivers identified are the growing vehicle production and the increasing use of windshield for the latest display technologies. The growth of the global automotive industry is expected to fuel the growth of the automotive windshield market. Technologies, such as smart displays and driver assistance functions, are now getting incorporated in the mid-segment and economy vehicles. The market for these latest display technologies on the windshield is driven by the increased awareness of road and vehicle safety. The automotive windshield market for laminated glass is estimated to account for largest shares in the global automotive windshield market estimated in 2017. Tempered glass is estimated to be the second largest segment of this market. The global market for laminated glass segment is projected to grow at a higher CAGR during the forecast period due to the increasing use of laminated glass for protection against harmful ultraviolet (UV) rays. Various automotive glass manufacturers such as Asahi Glass (Japan), Nippon Sheet Glass (Japan), and Central Glass (Japan), especially in Asia Pacific, are offering customized windshields to vehicles manufacturers.

  5. Asia Pacific is estimated to account for the largest market share followed by North America, Europe, and RoW, respectively. Asia Pacific is anticipated to remain predominant during the forecast period due to numerous factors such as increasing number of vehicle production, use of solar reflective glasses in vehicles, use of safety glasses, such as laminated and tempered glass. In terms of growth rate, Asia Pacific is estimated to exhibit the highest CAGR during the forecast period. The growth in Asia Pacific is anticipated to be driven by the increasing number of commercial vehicles production and the growing use of premium segment cars. • Some of the major players in the global market are Asahi Glass (Japan), Saint-Gobain (France), Nippon Sheet Glass (Japan), Sisecam Group (Turkey), and Central Glass (Japan). The last chapter of this report covers a comprehensive study of the key vendors operating in the automotive windshield market. The evaluation of market players is done by taking various factors into account, such as new product development, R&D expenditure, business strategies, product revenue, and organic and inorganic growth. • Scope of the Report: • Market, By Region • North America • Europe • Asia Pacific • Rest of the World (RoW) • Market, By Glass Type • Laminated Glass • Tempered Glass

  6. Market, By Windshield Position • Front Windshield • Rear Windshield • Market, By Vehicle Type • Passenger Car • Light Commercial Vehicle (LCV) • Heavy Commercial Vehicle (HCV) • Market, By Material Type • Thermoset Material • Thermoplastic Material • Market, By Electric Vehicle Type • Hybrid Electric Vehicle (HEV) • Battery Electric Vehicle (BEV) • Plug-In Hybrid Electric Vehicle (PHEV)

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  8. 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 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" 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.

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