Automotive Wiper Market Size Analysis
Automotive Wiper market size is estimated to be valued over US$ 3.410 million in 2019 and will register a CAGR of 6.3% between 2018 and 2028. Windscreen wiper are used to remove rain water, snow and dirt from the windshield. Sales of automotive wiper is directly proportional to sales of new four wheelers. Additionally, sales of windscreen wiper is also driven by aftermarket. On an average, car replaces two to three times in its lifespan. Relative sales of automotive wiper will increase with rise in net sales of four wheelers worldwide.
In 2018, around 78.6 million car were sold. Moreover, over 310 million car were sold since 2014. The car industry will continue to register healthy growth, which in turn will have direct impact on overall sales of automotive wipers worldwide. Nowadays, SUV is gaining higher prominence. They accounted for almost third of total car sales in 2018. The percent share is expected to further rise in another ten years. Majority of the SUV are fitted with rear wiper. This offers higher addressable revenue opportunity to wiper manufacturers.
Global Automotive Wiper Market Size and Forecast: Regional Analysis
Globally, automotive wiper market sales was dominant in Asia Pacific. In 2018, Asia Pacific accounted for 43% of global sales. Higher sales is attributed to increased number of four wheeler sales accompanied with aftermarket sales. Moreover, the region is registering impressive double digit electric car sales. Potential replacement of conventional ICE cars with electric cars offers huge market opportunity for industry players. The opportunity is so high that industry players will be able to generate higher incremental revenue during the forecast period. Aftermarket sales of windshield wiper is also high. Aging car fleets demands new wiper installation. The ecosystem is favorable in Asia Pacific.
Western Europe stands next to Asia Pacific. Germany accounted for highest share in the region. The country is characterized by high sales of automotive vehicles especially premium cars. Moreover, connected cars ecosystem has created favorable ecosystem in the region. Emergence of autonomous and electric cars has driven the automotive wiper market in Western Europe.
Global Automotive Wiper Market Size and Forecast: Competition Landscape
The industry is highly competitive with presence of large number of midsize and considerable large scale enterprises. Companies primarily targets direct marketing/association with parent companies in order to boost windshield wiper sales.
Some key automotive Wiper market players are:
- Robert Bosch GmbH
- Mitsuba Corp.
- DENSO Corporation
- HELLA GmbH & Co. KGaA
- Hepworth and Company Limited
- AM Equipment
- DOGA S.A.
- Federal Mogul Motorparts LLC
- Nippon Wiper Blade Co., Ltd.
- Magneti Marelli S.p.A.
- TEX Automotive Ltd.
By Vehicle Type:
- Gasoline Based Vehicles
- Heavy Duty Vehicles
- Electric Vehicles
- Heavy Duty Vehicles
- Solar Vehicles
By Product Type:
- Standard Blade
- Beam Blade
- Hybrid Blade
By Distribution Channel:
What Will You Discover in the Report?
- An in-depth analysis of the Automotive Wiper market across regions – North America, Latin America, Western Europe, Central and Eastern Europe, Asia Pacific, Middle East, and Africa.
- How the Automotive Wiper market sales is expected to grow throughout the forecast period.
- How geopolitical policies and technological changes will affect the Automotive Wiper market in near future
- Where the stakeholders should invest to generate higher profit margins
- How consumers (end-users) will reflect to the Automotive Wiper industry during the forecast period
- Who are the Automotive Wiper industry leaders and what are the key initiatives taken by them for long term growth
Who will benefit from the Report?
- Automotive Wiper Industry Suppliers
- Automotive Wiper Industry Manufacturers
- Consultants and Analysts
- Industry Specialists
Analyst access with Bekryl Market Analysts
Purchasing of Automotive Wiper market research report will give clients access to 120 minutes telephonic access with a research analyst. The duration for access to analysts will be based on the report subscription editions.