Automotive Front Windshield Market size is slated to rise at heathy CAGR over the projected timeframe on account of increasing vehicle production across the globe. The proliferation of advanced glass technologies with scratch resistance and break proof features are expected to significantly improve the market demand. Improved UV protection along with the rising preference for laminated glass technologies are positively influencing the automotive front windshield market share.
Technological advancements in glass technologies along with the rising demand for smart glass technologies are providing a positive outlook for the automotive front windshield market expansion. The controlled flow of light from outside of the vehicle along with the integration of advanced electronic technologies with the incorporation of glazing are boosting the industry demand. The fusion of plastic polymers between the automotive glass enabling for superior UV resistance and heat rejection capabilities along with the integration of on-screen display and connectivity solutions are further proliferating the automotive front windshield market demand.
Industry participants are continuously focusing on recycling activities to improve margins and reduce glass wastage significantly. The participants are currently engaged in separating the plastic from between the glass, that contributes towards incurring higher costs and consumes significant time, thereby making the recycling process complicated. However, industry participants are continuously investing in automated technologies for introducing machineries for automatic separation process.
Multiple regulatory organizations including the Federal Motor Vehicle Safety Standards (FMVSS) and Society of Automotive Engineers (SAE) offer regulations and guidelines associated with the fitment of windshield in the vehicle’s front. Moreover, multiple standards are also been laid with respect to the glass used in the windshields including the mandatory inscription of company name, glass type, and conformity to safety standards by glass manufacturers.
Based on glass, the automotive front windshield market share is segmented into tempered and laminated glass. The growth in the tempered glass segment can be attributed to the benefits offered including superior durability. Moreover, the tempered glass breaks into smaller and circular pieces instead of sharp and jagged shards, thereby reducing the probabilities of damages. The growth in the laminated glass segment can be credited to the ability of the glass to hold in a single position during the event of breaking. The presence of a thin layer of poly-vinyl butyral (PVB) glazed between the two sheets of glass improves the glass durability significantly.
The automotive front windshield market share based on vehicle can be categorized into passenger vehicles, LCV, and HCV. Passenger vehicles will account for a significant share owing to rising vehicle production across the globe. Moreover, automobile manufacturers are continuously investing in R&D for developing advanced windshields for their vehicles. For instance, in 2016, Honda launched its BR-V multi-purpose vehicle with factory fitted heat absorbing front windshield.
Based on distribution channel, the automotive front windshield market size is segmented into OEM and aftermarket. The growth in the OEM segment can be attributed to the increasing vehicle production across the globe. Moreover, automobile OEMs are continuously innovating their windshield technologies for improving their market share. For instance, Kia is continuously investing in nanotechnology and working on a windshield prototype with the integration of nanoparticles. These nanoparticles are aimed at providing an unobstructed front view for drivers.
Europe will exhibit significant growth in the automotive front windshield market share. This can be attributed to the increasing investments in R&D by automobile OEMs to develop innovative technologies. For instance, in 2013, McLaren introduced its wiper-free windshield technology based on high-frequency sound waves for clearing any external obstructions, thereby clearing the view for drivers.
Few of the key players operating in the automotive front windshield market share include AGC Inc., Corning, Saint Gobiain, Fuyao Group, Splintex Distribution, Gaurdian, Nippon Glass, and PPG. Industry players are continuously investing in expanding their manufacturing facilities and production plants for improving their production output and expand their market share. For instance, in 2018, Corning announced the expansion of its existing production facility in China for supporting the development of its automotive glass business.
By Glass, 2014-2025 (USD Million)
By Vehicle, 2014-2025 (USD Million)
By Distribution Channel, 2014-2025 (USD Million)
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