Report ID: SQMIG20D2242
Report ID:
SQMIG20D2242 |
Region:
Global |
Published Date: April, 2024
Pages:
223
|
Tables:
86 |
Figures:
71
This market is dominated by the Asia Pacific region. A growing number of people are buying new cars due to industrialization, urbanization, and disposable income. Emerging economies such as China, India, and Japan have the highest rates of vehicle manufacturing and sales. One of the major priorities for companies that manufacture automobiles is the development of intelligent wipers. The market share of automobile wiper systems in Europe is the second highest due to the presence of leading automakers and stringent safety standards. In the European market, the use of superior wiper that comply with safety rules is given priority. Global recognition is growing for both the automotive industry and German engineering prowess.
The automotive wiper system market in North America is anticipated to expand at the quickest rate of growth (CAGR) between 2023 and 2031. The demand for automobile wipers in the area has been impacted by an improved level of living and increased discretionary income. In the following years, these factors are anticipated to boost the vehicle wiper systems market. In the upcoming years, the nation's growing population will also help industry. Latin America and the Middle East and Africa are showing notable growth in the worldwide automotive wiper market, with Saudi Arabia and Brazil leading the way in terms of fastest developing countries in each area. Urbanization, rising car sales, and a rise in customer knowledge of safety features and upkeep are the key drivers of this growth.
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Report ID: SQMIG20D2242