Global Automotive Wiper Market

Automotive Wiper Market Size, Share, Growth Analysis, By Application(Windshield Wiper, Headlight Wiper and Rear Wipers), By Blade Type(Traditional Bracket Blades, Low-Profile Beam Blades and Hybrid Blades), By Vehicle(Passenger Cars and Commercial Vehicles), By Region - Industry Forecast 2024-2031


Report ID: SQMIG20D2242 | Region: Global | Published Date: April, 2024
Pages: 223 | Tables: 86 | Figures: 71

Automotive Wiper Market Dynamics

Drivers

Uprising Vehicle Sales

  • Consumer demand for vehicle wiper systems rises in tandem with car sales since, in most cases, these devices are required safety features under local laws. In addition, the increasing number of automobiles, particularly in developing countries, raises the need for wiper systems due to the range of climates.

Automobile Safety Features Increased

  • The increasing awareness of safety features in cars is one of the main factors driving the market for automotive wiper systems. Consumers that prioritise safety are more likely to select vehicles with advanced safety features, such effective wiper systems. Whipper systems are crucial for enhancing driver safety in bad weather conditions including rain, snow, or fog. They retain vision in these conditions.

Restraints

Weather Conditions Being Harsh Than Ever

  • Severe weather poses a big challenge to the automotive wiper system business. Severe weather, copious amounts of snow, rain, and ice accumulation can all reduce vision and jeopardise the safety of drivers by affecting wiper performance. In regions with frequent snowfall or icy conditions, wiper blades may freeze to the windscreen, impairing their movement and functionality.

Market Saturation In Developed Economies

  • The automobile wiper market is getting close to saturation in many developed economies, which limits the growth potential for wiper makers. Due to the high rates of vehicle penetration in these areas, replacement demand rather than new car sales drives the majority of new sales. Manufacturers compete fiercely as a result of this saturation, which may lead to price wars and reduced profit margins.
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FAQs

Automotive Wiper Market size was valued at USD 4.50 billion in 2022, USD 4.70 billion in 2023 and is projected to grow USD 6.40 billion by 2031, growing at a CAGR of 4.5% in the forecast period (2024-2031).

Both domestic and foreign businesses are fighting for dominance in the fiercely competitive car wiper market. While companies prioritise their brand value, local players concentrate on being price competitive. Prominent corporations like Denso Corporation, Valeo SA, Continental AG, and Robert Bosch GmbH are consistently at the forefront of innovation, creating novel products and inventing cutting-edge technology. These significant companies are vying with each other for market share as they try to adapt to changing consumer demands. 'Federal-Mogul LLC (US)', 'WEXCO Industries Inc. (US)', 'ASMO Co. Ltd. (Japan)', 'Bosch GmbH (Germany)', 'HELLA GmbH & Co. KGaA (Germany)', 'Robert Bosch Ltd. (Germany)', 'Denso Corporation (Japan)', 'Automotive Lighting & Indicators Ltd.(Italy)', 'Valeo SA (France)', 'Magneti Marelli S.p.A. (Italy)', 'SWF Valeo (France)', 'Trico Products Corporation (US)', 'Mitsuba Corporation (Japan)', 'DOGA SA (Spain)', 'ACDelco (US)'

Consumer demand for vehicle wiper systems rises in tandem with car sales since, in most cases, these devices are required safety features under local laws. In addition, the increasing number of automobiles, particularly in developing countries, raises the need for wiper systems due to the range of climates.

Advancements In Enhanced Safety Technology: Recent trends that are influencing the dynamics of the automotive wiper market are noteworthy. The growing need for sophisticated wiper technologies with improved features and capacities is one of the most noticeable trends. Car makers are adding cutting-edge features to wiper technology as consumers' concerns about convenience and safety grow. This offers drivers a smooth and effective experience with features including rain-sensing technology, automated speed adjustment, and enhanced sensor accuracy.

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. recognition is growing for both the automotive industry and German engineering prowess.

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Global Automotive Wiper Market

Report ID: SQMIG20D2242

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