Automotive Windshield Market Worth 23.24 Billion USD by 2025

PUNE, India, November 21, 2017 /PRNewswire/ --

The report "Automotive Windshield Market by Glass Type (Laminated and Tempered), Material Type (Thermoset and Thermoplastic), Position (Front and Rear), Vehicle Type (PCs, LCVs, and HCVs), Electric Vehicle Type (HEVs, BEVs, and PHEVs), and Region - Global Forecast to 2025", published by MarketsandMarkets™, the market is projected to grow at a CAGR of 6.28% during the forecast period, to reach USD 23.24 Billion by 2025 from an estimated USD 14.27 Billion in 2017. The increasing use of solar reflective glass for windshields, growing vehicle production, and increasing use of windshield for latest display technologies are the key drivers for the Automotive Windshield Market.

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Browse 57 Market Data Tables and 57 Figures spread through 134 Pages and in-depth TOC on "Automotive Windshield Market - Global Forecast to 2025"

https://www.marketsandmarkets.com/Market-Reports/automotive-windshield-market-114423597.html

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Asia Pacific: Largest market for automotive windshield 

The Asia Pacific region is projected to be the largest market for automotive windshield from 2017 to 2025. The market growth in the region can be attributed to numerous factors such as increasing safety concerns among people, protection from ultraviolet rays, increasing vehicle production, and use of windshield for display purpose are expected to fuel the demand for automotive windshields.

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Passenger car is estimated to hold the largest market share during the forecast period 

Along with the passenger car production, the demand for safety and comfort features has also increased among the end-users. According to the Organisation Internationale des Constructeurs d'Automobiles (OICA) statistics, the global passenger car production has increased from 59.90 million units (2011) to 72.11 million units (2016), at a CAGR of 3.78% over the period of 5 years. Also, developing countries such as China and India have witnessed significant economic growth, which in turn, is increasing the demand for passenger cars. The considerable increase in premium segments of cars is also driving the market for automotive windshields.