Market for Windshield Repair Kits on a Global Scale
Over the forecast period, the demand for windshield repair kits will rise due to the significant growth in the fleet size of passenger cars, LCVs, and HCVs around the world, as well as the increasing life of the vehicles. Over the forecast period, rising vehicle production around the world will boost demand for windshield repair kits.
The increase in disposable income of the global population will increase their investment in vehicle repair and maintenance services, boosting the market for windshield repair kits. The increased demand for electric vehicles, particularly in North America and Western Europe, will benefit the Windshield Repair Kit market.
Sales of new and used cars are increasing.
The global windshield repair kit market is being bolstered by rising vehicle production and the adoption of efficient repair kit technologies. The global automotive production output is expected to grow at a significant rate due to increasing urban population density and increased adoption of fuel-efficient automobiles, resulting in increased demand for windshield repair kits over the forecast period. Increased sales of used passenger cars will also increase the demand for repair and maintenance services, boosting the market’s growth.
Aftermarket sales are strong.
Component manufacturers are aiming to capitalize on the sustainable growth of passenger cars and light commercial vehicles by shifting supplier focus to lightweight components with multiple vehicle model compatibility.
The expanding e-commerce ecosystem allows OEM manufacturers and component suppliers to cater to a broader customer base, resulting in increased aftermarket sales. As a result, component and repair kit manufacturers should expect significant opportunities in the global windshield repair kit market.
Online retail sales of repair and maintenance parts are gaining traction as a new distribution channel.
The internet is establishing itself as a new channel for online retail of services and parts, allowing many service providers to sell low-cost repair and maintenance parts. This would help them strengthen their market position and grow the global market for windshield repair kits.