Worldwide Automotive Wipers Industry to 2028 – by Vehicle Type, Application, Blade Type, Sales Channel and Geography – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Automotive Wipers Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2020 To 2028” report has been added to ResearchAndMarkets.com’s offering.
The global automotive wipers market was valued at US$ 3,625.6 Mn in 2019. Automotive wipers form a quintessential part for any vehicle. They perform the important function of removing water, dirt, and snow from the windshield of a vehicle. Usually, an automotive wiper is powered either by an electric motor or is pneumatically powered. One of the most important factors driving the automotive wipers market is the continued production of automobiles across the globe coupled with higher demand in the aftermarket segment.
However, the global automobile production output has been on a steady decline since 2017. For instance, the global automobile production output decreased from 97 million vehicles in 217 to 92 million vehicles in 2019. Furthermore, with the onset of the COVID-19 pandemic, global automotive production is expected to register a decline of 20% in 2020. Thereby, the overall demand for automotive wipers is expected to witness a stark reduction in 2020.
In terms of application, another prominent factor aiding the automotive wipers market growth is the increasing adoption of the rear wiper systems in low-end car segment. Earlier, rear wipers found application mostly in SUVs, but of late they are finding extensive application in hatchbacks and compact SUVs. Moreover, with resumption of economic activities coupled with loosening lockdown restrictions is expected to drive the demand in the aftermarket segment since a large proportion of vehicle owners would seek to start using vehicles after a long pause. Thereby, post COVID-19 recovery, the automobile wipers market is expected to grow at a healthy CAGR of 10.2% during the forecast period from 2020 to 2028.
Increasing application of rear wipers in hatchbacks and Compact SUVs propelling the automotive wipers market growth
Rear wipers segment expected to witness the fastest growth during the forecast period. In 2019, its share stood at more than 25% of the overall market. However, with an increasing number of vehicles equipped with rear wipers, the segment share expected to grow eventually in following years. Rear wipers are becoming more common by the day and nowadays there are an array of hatchbacks and compact SUVs coming with rear wipers pre-equipped. Growing concern for safety is one of the most prominent factors complimenting the demand growth for rear wipers. However, the windshield wipers segment, the largest in terms of value in 2019, will continue to maintain its dominant position during the forecast period benefiting mostly from the growing global motor vehicle production.
Companies Mentioned
- Robert Bosch GmbH
- Valeo S.A.
- ASMO Co. Ltd.
- Trico Products Corporation
- Denso Corporation
- Federal-Mogul Corporation
- Mitsuba Corporation
- WEXCO Industries Inc.
- PMP Auto Components Private Limited
- Doga S.A.
- Camoflex Wiper System
Key questions answered in this report
- What was the global market size in 2019 and forecast for 2028?
- What are the current market trends in the automotive wipers market and valuable opportunities for the players?
- How are the drivers and challenges going to affect the market dynamics?
- Which are the bestselling automotive wipers?
- Which region expected to be the fastest-growing?
- What are the key strategies adopted by the leading players in market?
- What are the factors influencing automobile manufacturers to equip rear wipers?
- What are the various factors contributing to the rear wipers segment growth?
- Which blade type segment expected to witness the fastest growth during the forecast period?
Key Topics Covered:
Chapter 1 Preface
Chapter 2 Executive Summary
Chapter 3 Market Dynamics
3.1 Market Overview
3.1.1 Global Automotive Wipers Market Value, 2018 – 2028
3.2 Market Drivers
3.3 Market Challenges
3.3.1 Impact Analysis of Drivers and Restraints
3.4 Key Market Trends and Future Outlook
3.5 Attractive Investment Proposition, by Geography
3.6 Competitive Analysis
3.6.1 Market Positioning of Key Vendors
3.6.2 Key Strategies Adopted by the Leading Players
Chapter 4 Global Automotive Wipers (AW) Market Analysis, by Vehicle Type, 2018 – 2028
4.1 Overview
4.2 Passenger Cars
4.3 Commercial Vehicles
Chapter 5 Global Automotive Wipers (AW) Market Analysis, by Application, 2018 – 2028
5.1 Overview
5.2 Windshield Wipers
5.3 Rear Wipers
Chapter 6 Global Automotive Wipers (AW) Market Analysis, by Blade Type, 2018 – 2028
6.1 Overview
6.2 Traditional Bracket Blades
6.3 Low-profile Beam Blades
6.4 Hybrid Blades
Chapter 7 Global Automotive Wipers (AW) Market Analysis, by Sales Channel, 2018 – 2028
7.1 Overview
7.2 OEMs
7.3 Aftermarket
Chapter 8 North America Automotive Wipers (AW) Market Analysis, 2018 – 2028
Chapter 9 Europe Automotive Wipers (AW) Market Analysis, 2018 – 2028
Chapter 10 Asia Pacific Automotive Wipers (AW) Market Analysis, 2018 – 2028
Chapter 11 Rest of the World (RoW) Automotive Wipers (AW) Market Analysis, 2018 – 2028
Chapter 12 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/wt8gle
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