The global automotive windshield market is expected to witness a steady rise at 5.2% CAGR during the forecast period 2017 to 2022, according to a recent study by Fact.MR. The report anticipates revenues from the global automotive windshield market to account for nearly US$ 14,000 Mn in 2017. By 2022, revenues from the market will reach US$ 17,681.2 Mn.
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The report is an overview of the global automotive windshield market. This includes the introduction to the market and a standard definition of the product. In this section, year-over-year growth and market value is offered to readers. Year-over-year growth gives readers a broader picture on growth patterns during the forecast period. The next section of the report offers a thorough description of the latest macroeconomic factors that have a bearing on the global automotive windshield market. Considering the interconnectedness of the automotive windshields market to global automotive market and, in general, the global economy, readers will get valuable insights on how international developments impact this market.
In a bid to keep readers up-to-date on the latest developments in the global automotive windshields market, the report offers readers a roundup of the latest trends impacting the market. As the automotive sector is ever-evolving, staying abreast with latest trends and developments is paramount to formulating key business strategies. Information on supply chain, cost structure, pricing analysis, raw material sourcing, and list of distributors are offered to readers in this section.
Key Projections for the Global Automotive Windshield Market
- Asia Pacific excluding Japan (APEJ) will continue to be dominant in the global automotive windshield market, with sales witnessing a steady expansion through 2022.
- Demand for automotive windshield in Middle East & Africa (MEA) will continue to be sluggish during the forecast period.
- Passenger cars are expected to remain the most lucrative vehicles for sales of automotive windshield in the global market.
- Sales of automotive windshield in LCVs and HCVs are estimated to register a moderate expansion over the forecast period.
- Based on material type, glass will continue to be sought-after for production of automotive windshield. Sales of glass for automotive wind shield will account for the largest revenues by 2022-end.
- On the basis of sales channel, aftermarket is expected to remain dominant in the global automotive windshield market. Sales of automotive windshield in OEM will register a comparatively lower CAGR than OEM through 2022.
Key stakeholders are advised to target glass over polymer in the Automotive Windshield Market as it is projected to grow at a steady CAGR. While APEJ is the largest regional contributor, Europe has a similar CAGR and can be attractive for those companies that seek to hedge their bets in the Automotive Windshield Market. The polycarbonate segment in the Automotive Windshield Market is much smaller in comparison and might only push past US$ 1.2 billion by the end of the study period. In the case of polycarbonate, North America may be a strong prospect as the continent is on track to record the highest CAGR.
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Aftermarket Channel 2x the Size of OEM’s in Automotive Windshield Market
The aftermarket channel comprises a dominant revenue share by sales channel segment in the Automotive Windshield Market and it is poised to be worth a little over US$ 11.3 billion in 2022. The OEM channel in stark contrast is estimated to be only slightly above half that in the same year. In both sales channels, APEJ contributes the major share in the Automotive Windshield Market and it is quite likely to retain its commanding position in the medium to long term. Rising aftermarket sales of automotive windshield are indicative of the fact that customization needs of car users are expected to boost the sales of windshields. During the forecast period, OEMs are also expected to boost the quality of their offerings in order to capitalize from sales of luxury cars, which require top-of-class windshields.
Leading players in the global automotive windshield market are Saint-Gobain SA, Vitro, Fuyao Glass Industry Group Co., Ltd., Xinyi Glass Group, Asahi Glass Co., Ltd., Safelite Auto Glass, Nippon Sheet Glass Co. Ltd., Racing Shields, Guardian Industries, and Gerber Collision & Glass Inc.
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