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Market Synopsis
Automotivewindshield is a crucial component of vehicles. Hence, the presence of majorvehicle manufacturers across different regions can impel the expansion of themarket through the study period. The booming automotive industry can supportthe expansion of the automobile windshield market in the study period. As perMRFR analysis, the automotive windshield market is expected to thrive at 7.4%CAGR during the analysis period. The increase in the adoption of effectivetechnologies can impel the expansion of the market through the analysis period.
Market ResearchFuture (MRFR) reveals different factors that can impel the expansion of theglobal automotivewindshield market 2020. The increase in need for automotive windshields bypeople can cause the expansion of the market in the years at a high pace. Detailedassessment of the impact of COVID 19 on automotive windshield market isexplained in the report. The automotive windshield market can generate highrevenue across the analysis period.
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The focus on increasingefficiencyand the presence of disruptive technological advancement can add tothe momentum of the automotive windshield market through the analysis period.The increase in the number of producers and consumers of automotive windshield canbolster the expansion of the market. The availability of features such ascomfort, safety, and convenience across industries can promote the expansion ofthe automotive windshield market. Increase in research and development tointroduce economical innovations can spur the expansion of the automotivewindshield market through the analysis period. Increase in demand for passengervehicles, rise in urban population, and surge in environment concerns are otherfactors that can impel the rise of the automotive windshield market. The automotivewindshield global market value can exceed USD 14,270 million by 2023.
Segment Study
The segmentassessment of the automotive windshield market is done by glass type, end market,and vehicle type.
The glass typebased segments of the automotive windshield market are laminated and tempered. Thetempered glass type segment is expected to rise at the highest pace across thereview period. The increase in the demand for tempered glass due to itssuperior properties can promote the expansion of the regional market. The highdegree of safety of tempered glass can support the expansion of the market inthe years to come.
The vehicle typebased segments of the automotive windshield market are light commercialvehicles, passenger cars, and heavy commercial vehicles. The passenger car segmentcan thrive in the years to come, following light commercial vehicles segment.
The end marketbased segments of the automotive windshield market aftermarket and OEMs. The OEMsegment can stir up substantial revenue in the years ahead.
Automotive Windshield Market Regional Analysis:
The automotivewindshield global market trends are studied across EU, North America, APAC, andthe Rest of the world. The increase in the installation of automotivewindshield in luxurious vehicle can support the expansion of the automotivewindshield market in North America, across the analysis period. The exponentialrise of the automotive windshield market in Europe can be attribute to thebooming OEM sector in the region. APAC automotive windshield market rise can bedue to increase in high number of automakers in the region.
Key Players
Xinyi Glass(China), Asahi Glass (Japan), Saint-Gobain (France), Vitro (Mexico), FuyaoGlass Industry (China), Guardian Industries (U.S.), Nippon Sheet Glass (Japan),Magna International (Canada), Shenzhen Benson Automobile (China), Dura Automotive(U.S.), Sisecam Group (Turkey), and PPG Industries (U.S.) among others are somereputed names in the automotive windshield market as listed by MRFR.
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