Nov 13, 2020
Automotive Wiper Market to Remain Propelled by the Increasing Focus on Vehicle Safety; COVID-19 Impacts the Market Growth
by Team Fact.MR
A recent study by Fact.MR on the automotive wiper market measures the growth potential during the forecast period 2020 to 2030. Among the other prominent growth propellers, it is anticipated that the rising consciousness regarding the safety of consumers other than brakes could boost the demand for good quality automotive wipers.
Besides this, the need to switch to a better automotive wiper in used cars for better safety is likely to contribute to the growth of the market during the forecast period (2020-2030). Also, the improved performance and product innovation are improving the sales prospect of automotive wiper.
Fact.MR estimates the global automotive wiper market is anticipated to register a CAGR of over 3% during the forecast period.
Key Takeaways from the Automotive Wiper Market Report:
- In terms of the wiper blade, attributes such as durability and resilience are likely to boost the sales of beam blade during the forecast period.
- Passenger vehicles hold a leading share in the automotive wiper market, owing to the growing production volume as well as high utilization of wipers.
- An increase in the popularity of the rear wipers is likely to boost their adoption rate during the forecast period.
- Asia Pacific is anticipated to lead the automotive wiper market during the forecast period
- Lockdown restrictions could deter the otherwise steady growth of the automotive wiper market during the forecast period (2020-2030)
- Availability of automotive wipers on eCommerce is likely to underpin the sales, as manufacturers are able to reach out to more consumers across geographies.
“Innovation has been driving the growth of the automotive wiper market. Manufacturers are gradually shifting towards the production of automotive wipers with curvature to offer durable solutions to consumers. Given the frequent need to change the conventional automotive wipers, it is estimated that consumers will shift towards the beam blade and other innovative wipers for better sustainability and clear sight of line in their vehicles, “ opines a seasoned analyst at Fact.MR.
Product Differentiation: A Constant in the Automotive Wiper Market
The automotive wiper technology has come a long way, and it is indeed moving forward in the direction of advancement and innovation. Manufacturers, in the competitive automotive wiper market space, are showing a high reliance on smart electronics to bring in the required differentiation to their automotive wipers.
For instance, Trico offers various automotive wipers such as plastic-frame blade, electric rear wiper, Series 2000 blades, Tefillin blade, NeoForm blade, Flex Blade, Ice Blade, and Force Blade. The company is also expanding its base in different geographies in Europe and Asia Pacific to offer customers a wide range of OEM products.
Another key player in the automotive wiper market, Mitsuba Co., offers a variety of front wiper system as well as the rear wiper system. Besides this, the company has listed its products on Alibaba to enhance its products’ reach to overseas territories.
Some of the other players operating in the automotive wiper marker include Valeo, TRICO, Robert Bosch GmbH, Mitsuba Corp., AM Equipment, B.Hepworth and Company Limited, DENSO Corporation, DOGA S.A., Federal Mogul Motorparts LLC, HELLA GmbH & Co. KGaA, Magneti Marelli S.p.A., Nippon Wiper Blade Co., Ltd., Pilot Automotive, and TEX Automotive Ltd.
More Valuable Insights on Automotive Wiper Market
In its latest report, Fact.MR has provided an unbiased analysis on the global automotive wiper market, comprising data on historical statistics (2015-2019) and forecast of demand for the period between 2020 and 2030. The report discusses critical insights on the automotive wiper market in terms of wiper blade (Standard, Hybrid, and Beam), vehicle type (Passenger and Commercial), and sales channel (Aftermarket and OEM) across 5 key regions (North America, Latin America, Europe, Asia Pacific & Middle East & Africa).
>>> To Get more insights on automotive wiper market, visit- https://www.factmr.com/report/5344/automotive-wiper-market
About the Automotive Division at Fact.MR
Expert analysis, actionable insights, and strategic recommendations of the highly seasoned Automotive team at Fact.MR helps clients from across the globe with their unique business intelligence needs. With a repertoire of over a thousand reports and 1 million-plus data points, the team has analyzed the Automotive industry;across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services. Reach out to explore how we can help.