Automotive Windshield – Global Market Outlook (2017-2023)
According to Stratistics MRC, the Global Automotive Windshield market is expected to grow from $ 2.09 billion in 2016 to reach $ 3.38 billion by 2023 with a CAGR of 7.1%.
Gaithersburg, US – July 11, 2017 /MarketersMedia/ —
Increasing sales of passenger cars and possibility of getting car loans at low-interest rates are some of the factors fuelling the market growth. On the other hand, increasing adoption of solar reflective windshields is considered to be one of the major opportunity during the forecast period.
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Based on the vehicle type, a passenger car segment leads the market globally due to the emerging disposable income, rising middle-class population which is contributing to the increasing sales of passenger cars. However, in sales channel segment aftermarket is dominating the automotive windshield market which is specially designed with bullet resistance to ensure security and safety to vehicle occupants. Asia Pacific is expected to witness huge growth due to improvement in infrastructural development and rising demand for commercial vehicles in construction companies.
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Some of the key players in Global Automotive Windshield Market include Nippon Sheet Glass Co. Ltd, Saint-Gobain SA, Fuyao Glass Industry Group Co., Ltd, Asahi Glass Co., Ltd, Guardian Industries, Ecam Group, Xinyi Glass Group, Safelite Auto Glass, Pilkington and Vitro.
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Vehicle Types Covered:
• Light Commercial Vehicle
• Passenger Cars
• Heavy Commercial Vehicle
Material Types Covered:
• Thermoset Material
• Thermoplastic material
Sales Channels Covered:
• Aftermarket
• OEM
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o Rest of Asia Pacific
• Rest of the World
o Middle East
o Brazil
o Argentina
o South Africa
o Egypt
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Source URL: http://marketersmedia.com/automotive-windshield-global-market-outlook-2017-2023/216188
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Source: MarketersMedia
Release ID: 216188