The global automotive wiper market is expected to witness a CAGR of over 3% during the forecast period. A significant rise in the revenue of the automotive wiper market is coming from the growing adoption of the rear wipers in the low-end cars. Previously, rear wipers were only integrated into the SUVs. However, these are gradually finding applications in compact SUVs as well as hatchbacks.
Numerous key players in the automotive market, including Volkswagen Polo GTI, Hyundai i20 Elite, Suzuki Swift 2017, TataTiago, and Tata Nexon are some of the latest vehicles incorporated with rear wipers. In addition, growing concerns regarding safety are also necessitating the use of automotive wipers in vehicles.
Another growth propeller to the automotive wiper market is the convenience to bu automotive wipers. Since they get damaged easily, OEMs and automakers have positioned their automotive wipers on eCommerce to reach out to a broad pool of consumers. The modern-day consumers opt for DIY tactics, and so, the concept of buying automotive wipers and fixing them on their own has been quite popular in recent times.
Beam Blade Retains Popularity Among the Wiper Blades
Companies operating in the automotive wiper market are leveraging technology to rethink the wiper blades. The conventional blades tend to be straighter as compared to the beam blade wipers. As a result, the extra curvature increases the ability to apply more pressure to get a clear sight of the line.
Besides this, the beam blades have a relatively low maintenance cost as compared to the conventional wiper blades, as they have fewer moving parts. In addition, the beam blades are lighter and smaller in size. As a result, they do not obstruct the sight for drivers. Also, the consumers are relying on the beam blades, owing to their durability, which makes them ideal automotive wipers for vehicles.
Passenger Vehicles Remain the #1 Consumers of Automotive Wipers
Given the increased production and sales rate of passenger vehicles, the demand for automotive wipers is growing significantly. Among the other vehicles--heavy commercial vehicles and commercial vehicles--the passenger vehicles are deemed as the chief contributor to the growth of the automotive wipers market.
Growing need to commute to work and companies offering convenience to employees to travel to their offices is driving the demand for passenger vehicles. Besides this, the increase in the on-demand taxi services by various companies such as Uber, Lyft, Ola, and others in various geographies, which is likely to boost the demand for a passenger vehicle in general and automotive wipers in particular.
Impact of COVID-19 on the Automotive Wipers Market
The growing base of automotive in the Asia Pacific region has an impact on the growth of the automotive wipers, as China is the origin of COVID-19. The country observed lockdown, which led to shutting down the production of the automotive wipers. The splashes of the coronavirus were also felt in the neighbouring countries such as India, which remains another prominent base for the production of automotive and auto parts.
India too witnessed a temporary shut down in the form of lockdown, which led to a halt in the production of automotive wipers as well as automotive. Besides this, the lockdown was also observed in Europe and Britan. Since Germany is yet another key base for the production of the automotive, there was a slump in the production rate of automotive wipers.
On the other hand, instances such as work from home and online schooling decreased the need for consumers to travel. As a result, the demand for commute decreased, thereby acting as a deterrent to the global automotive wiper market. Once the world returned to normalcy, the second wave of COVID-19 was observed across various parts of the world, and the central authorities imposed a second round of lockdown in countries such as Wales, London, and Italy, among others. Hence, the demand for automotive wipers witnessed a slump in their sales.
However, the automotive wiper market is likely to restore its growth pace once the vaccine is developed, and the life of individuals returns to normalcy.
Asia Pacific to Lead the Automotive Wiper Market
Other than Germany in Europe, countries such as Japan, India, and China in the Asia Pacific are leading the production of the automotive. These regions are witnessing direct foreign investment in the automotive sector, owing to the low labour and overhead cost. Also, there has been an increase in demand for vehicles among individuals of this region, as the disposable income has been growing, and they are turning fiscally independent.
Moreover, a large cohort relies on the used cars, which is driving the demand for automotive wiper during the forecast period. The increased adoption rate of technology has been pushing the bars of the quality of the automotive wipers. Besides this, improved focus on the safety features is encouraging manufacturers to focus on the performance of the automotive wiper, which is anticipated to attract sales of the automotive wipers during the forecast period.
Innovative Automotive Wipers Augmenting the Competition
Key players in the global automotive wiper market 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.
The primary focus of the players is to strike innovation in the way automotive wipers are developed. For instance, Robert Bosch GmbH launched innovative wipers with a clear view to offer more convenience and safety during bad weather.
Also, in July 2019, DENSO Corporation announced the merger of its subsidiaries Nippon Wiper Blade and Asahi Manufacturing Blade Co., Ltd to start DENSO Wiper Systems, Inc.
According to a seasoned analyst working at Fact.MR, the automotive wiper market is showing moderate growth signs and is projected to unlock new opportunities in the market, especially in the Asia Pacific region by 2030.
Automotive Wiper Market: Scope of the Report
Fact.MR has recently published a forecast report on the automotive wiper market for the period between 2020 and 2030. The primary aim of the study on the automotive wiper market is to provide readers with actionable insights on the market landscape, with emphasis on technological advancements and demand generators in the sector.
The automotive wiper report starts off with an executive overview, which also encompasses details on product definition. The report also provides information on the taxonomy of the automotive wiper market, with details on key segments. Further, the report outlines major insights on market dynamics, including drivers, restraints, opportunities, and trends, in addition to pricing analysis and other crucial buying factors for oleic acid. Also, data on supply chain analysis and factors affecting automotive wiper grades as per end-use has been included, enabling readers to gain a better understanding of the mapping of product framework in the automotive wiper industry.
A comprehensive report published by Fact.MR on the global automotive wiper market offers incisive insights on a decade-long forecast between the period of 2020 and 2030. The exclusive market research report measures the impact of the significant trends that affect the growth of the global automotive wiper market.
This study provides details on the significant dynamics that include drivers, restraints, opportunities and threats for key players operating in the automotive wiper market. Besides this, key stakeholders, as well as new market entrants, can also get a brief idea about the functioning of the automotive wiper market. The insightful report also includes influencers that are anticipated to alter the future growth status of the global automotive wiper market.
An exclusive study of the automotive wiper value chain analysis, supply chain analysis, as well as business execution strategies across regional markets has been discussed and included in this research report. A detailed list of the key, prominent, and leading companies operating in the global automotive wiper market besides their details on production capacity has been included in this exhaustive research study.
Automotive Wiper Market: Report Summary
The research report on the automotive wiper market offers a comprehensive analysis of different features including product developments, demand, sales as well as revenue generation in the global automotive wiper market.
The anticipation of the automotive wiper market is included in the study that is based on the optimistic and conservative scenario, such as the impact of COVID-19 during the forecast period.
Automotive Wiper Market: Segmentation
Fact.MR has assessed the global automotive wiper market with detailed segmentation in terms of sales channel, vehicle type, wiper blade, and region.
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Automotive Wiper Market: Analysis of Market Size
The global automotive wiper market has been assessed for all the market segments in terms of value (US$ Mn) and volume (Mn Units).
Market value estimates for automotive wiper at global and regional levels are provided in terms of “US$ Mn” for value and “Million Units” for volume. Y-o-Y growth analysis of the automotive wiper market is offered in the report along with the evaluation of market attractiveness. In addition to this, absolute $ opportunity study of all the market segment is included in the report, which plays a crucial role in assessing opportunity level that manufacturers and distributors hold in the automotive wiper market during the forecast period.
Automotive Wiper Market: Assessment of Regional Segments
The global automotive wiper market study provides estimations about the regional markets. These segments include various macro as well as micro-economic factors (economic, political, and business environment) that hold high potential to influence the growth of the global automotive wiper market for the duration of the forecast period.
Country-specific evaluation for automotive wiper has been included in the automotive wiper market, which helps in estimating as well as forecasting on the market scope. This detailed research report also provides Y-o-Y growth estimates for the regional segments during the forecast period.
A comprehensive breakup for volume and value for emerging markets has also been included in this report for the automotive wiper market.
Automotive Wiper Market: In-depth Analysis of Competitive Landscape
The detailed study offers a significant report on key companies operating in the global automotive wiper market, along with their profiles. Crucial and the latest data associated with market players that are stakeholders and new entrants are also offered in the market study with a comprehensive dashboard view. Market share analysis as well as a comparison of prominent players, helps report readers to make informed decisions in enhancing their businesses.
Company profiles of the players operating in the automotive wiper market are also included in the report, along with the details such as crucial strategies as well as product portfolios. A detailed SWOT analysis of each player operating in the automotive wiper market is also added in this broad study. Company presence has been mapped as well as explained through a matrix for the key players, thereby offering readers with actionable insights, and predicting developments in the competitive vicinity in the global automotive wiper market.
Key players in the global automotive wiper market are 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.
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