According to a new market research report published by Credence Research “Automotive Wipers Market (Vehicle Type – Passenger Cars and Commercial Vehicles; Application – Windshield Wipers and Rear Wipers; Blade Type – Traditional Bracket Blades, Low-profile Beam Blades and Hybrid Blades ) – Growth, Future Prospects and Competitive Analysis, 2018 – 2026”, the global automotive wipers market is estimated to reach US$ 5,898.6 Mn in 2026 growing at a CAGR of 7.2% during the forecast period from 2018 to 2026.
[Note: Our Free Complimentary Sample Report Accommodate a Brief Introduction To The Synopsis, TOC, List of Tables and Figures, Competitive Landscape and Geographic Segmentation, Innovation and Future Developments Based on Research Methodology are also Included]
Automotive wipers are one of the most important safety components of any vehicle. It has grown significantly since it was first introduced in the early 1900s. This transition was largely the result of technical improvements, increases in cars and other vehicles and consumer demand. Research and development activities have been directed towards the development of blades with increasingly flexible rubber to keep out of ice and snow and to develop non-stick coatings on the edges of the blades in order to prevent wax and oil from adhering to and aging. In addition, the production of a weatherproof wiper blade is one of the emerging trends seen in the automotive wiper industry. New technology is beneficial for the removal of snow, dust and dirt.
Increasing global production of motor vehicles is one of the most important factors that has a positive impact on the growth of the car wipers market. The global market for car wipers is directly linked to the global production of motor vehicles, which is expected to have sales of 114 million units by 2024. In addition, the production of motor vehicles experienced a rise of 4.5% over 2015 in 2016 and this development is likely to continue in the years to come. Countries such as China and India have been at the forefront of this. Another key factor complementing the growth of the car wipers market is the increasing adoption of rear wipers in entry-level cars. In recent years, several car manufacturers such as Renault, Toyota and Maruti Suzuki and Tata, among others, have launched new hatchbacks and compact SUVs with pre-installed rear wipers.
In recent years, e-commerce has seen an exponential increase with a growing penetration of the Internet. This trend has had a positive impact on the increase in demand for car wipers, as consumers can shop with convenience via online platforms and also have a plethora of product offerings to choose from. In addition, e-commerce websites often offer product discounts that further encourage customers to prefer online platforms over offline. In addition, the concept of do – it-yourself (DIY) gaining considerable popularity is another factor that contributes to the increasing preference of online channels over brick and mortar stores.
Some of the major players operating in the market include 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. and Camoflex Wiper Systems among others. The global automotive wipers market is characterized by the presence of both global and regional players wherein each of the two have their own distinct sales strategies. Global brands who mostly supply automotive wipers to leading automotive OEMs, rely heavily on quality and service. However, for most of the regional players pricing plays a crucial role.