Global Windscreen Automotive Glazing Market, By Off-Highway Vehicle (Construction Equipment and Agricultural Tractors), Electric Vehicle (Battery Electric Vehicle (BEV), Hybrid Electric Vehicle (HEV) and Plug-In Hybrid Electric Vehicle (PHEV)), Vehicle Type (Passenger Car, Light Commercial Vehicle (LCV), Truck and Bus), Product (Laminated Glass, Tempered Glass and Polycarbonate), Application (Front Windshield and Rear Windshield), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia Pacific, South Africa, Saudi Arabia, U.A.E, Israel, Egypt, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights of Windscreen Automotive Glazing Market
Data Bridge Market Research analyses that the windscreen automotive glazing market would exhibit a CAGR of 9.90% for the forecast period of 2022-2029. Growing number of passengers cars especially in the developing economies, increased adoption of advanced designing options and glazing technologies, growth and expansion of automotive industry especially in the developing economies and surging penetration of electric vehicles in the western economies are the major factors attributable to the growth of windscreen automotive glazing market.
Windscreen automotive glazing refers to the manufacturing of windscreens to reduce the glazing. Windscreen automotive glazing improves the safety quotient of the drivers and passengers by improving the visibility. It reduces the glares on the screen especially at night which enables a greater quality vision.
Growth in the level of investments for research and development activities and upsurge in the need of vehicle light weighting will foster in growth in the market value. Rising urbanization in the emerging and advanced economies coupled with rising need of safety and comfort in the automobiles for the passengers will also create lucrative growth opportunities for the market. Growth in the introduction of advanced designs in glazing technologies, surging harmful emissions from vehicles, rising introduction of new materials and technologies used to increase efficiency and rising availability of refurbished vehicles especially in the developing economies will also foster the market growth.
However, lack of technological expertise in the developing and underdeveloped economies will pose a major challenge to the market growth rate. High costs involved with technological innovations and research and development proficiencies and manufacturing challenges faced by original equipment manufacturers organizations will hamper the market growth rate. Further, fluctuations in the prices of raw material and intensive capital investment and product certification will also restrict the scope of growth for the market.
This windscreen automotive glazing market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on windscreen automotive glazing market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Windscreen Automotive Glazing Market Scope and Market Size
The global windscreen automotive glazing market is segmented on the basis of off-highway vehicle, electric vehicle, vehicle type, application and product. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Windscreen automotive glazing market on the basis of off-highway vehicle has been segmented as construction equipment, and agricultural tractors.
- Based on electric vehicle, the windscreen automotive glazing market has been segmented into battery electric vehicle (BEV), hybrid electric vehicle (HEV), and plug-in hybrid electric vehicle (PHEV).
- On the basis of vehicle type, the windscreen automotive glazing market has been segmented into passenger car, light commercial vehicle (LCV), truck, and bus.
- On the basis of application, the windscreen automotive glazing market has been segmented into front windshield, and rear windshield.
- Windscreen automotive glazing has also been segmented on the basis of product into laminated glass, tempered glass, and polycarbonate.
Windscreen Automotive Glazing Market Country Level Analysis
The global windscreen automotive glazing market is analysed and market size insights and trends are provided by country, off-highway vehicle, electric vehicle, vehicle type, application and product as referenced above.
The countries covered in the windscreen automotive glazing market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), South Africa, Saudi Arabia, U.A.E, Israel, Egypt, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific region dominates the windscreen automotive glazing market and will continue to flourish its trend of dominance during the forecast period owing to the increasing demand for commercial vehicles, the presence of some of the leading players operating in the market, surging focus of the players are focusing on research and development activities to increase their product lines and using technologically advanced systems, low transportation cost along with high automobile manufacturing and growth and expansion of automotive sector.
The country section of the windscreen automotive glazing market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Competitive Landscape and Windscreen Automotive Glazing Market Share Analysis
The windscreen automotive glazing market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to windscreen automotive glazing market.
Some of the major players operating in the windscreen automotive glazing market are Covestro AG, freeglass, SABIC, Webasto Thermo & Comfort, Trinseo., TEIJIN LIMITED., Xinyi Glass Holdings Limited.., AGC Inc, Guardian Industries Holdings Site., Nippon Sheet Glass Co., Ltd, fuyaogroup, Saint-Gobain, Sumitomo Corporation, Evonik Industries AG, Corning Incorporated, Dongguan Benson Automobile Glass Co., Ltd, Sisecam, Vitro, PPG Industries, Inc. and Magna International Inc., among others.