Asia-Pacific to Dominate Automotive Wiper Market
Growing
automotive industry and technological advancements to propel global automotive
wiper market through 2024
According
to TechSci Research report, “Global Automotive Wiper Market By Vehicle Type, By
Distribution Channel, By Application, By Technology, By Type, By Region,
Competition, Forecast & Opportunities, 2024”, global
automotive wipers market is expected to witness significant growth on account
of increasing demand for automobiles and rising implementation of rear wipers
in new compact SUVs and hatchbacks models of entry level cars. Moreover, rising
disposable income, growing population and foreign direct investments are further
driving automobile sales globally, which is further anticipated to positively
influencing global automotive wiper market through 2024. Additionally,
technological developments, such as all-weatherproof wiper blade and
rain-sensing wiper, and high durability with interminable pressure points are
further anticipated to drive global automotive wipers market through 2024.
Asia-Pacific is expected to dominate global automotive wipers market owing to
high production and sales of automobiles in the economies such as China, India
and Japan.
Global automotive wiper market can be segmented based on vehicle type,
distribution channel, application, technology and type. Based on the technology,
the market can be segmented into traditional wipers and rain sensing wipers.
Increasing consumer interest toward rain-sensing wiper is driving the growth of
this segment. Automotive wipers find application in windshield wipers, rear
wipers and headlight wipers. Windshield wipers is the dominant segment as all
vehicles come equipped with them. In terms of distribution channel, the market
can be segmented into OEM and aftermarket. Lifespan of automotive wiper motors
is comparatively less, thereby boosting the growth of aftermarket segment.
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“Robert Bosch GmbH, Valeo S.A., Mitsuba
Corporation, Denso Corporation, Federal-Mogul Corporation, among others are the
leading players operating in global automotive wipers market. Companies
operating in the market are using organic strategies such as product launches,
and mergers and collaborations in order to register positive growth in the
market. Robert Bosch Gmbh introduced mechatronic front wiper system to clean
windshield with two arms, reduced weight and smaller box under the hood.” said
Mr. Karan Chechi, Research Director with TechSci Research, a research based
global management consulting firm.
“Global Automotive
Wiper Market By Vehicle Type, By Distribution Channel, By Application, By
Technology, By Type, By Region, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of global automotive
wipers market and provides statistics & information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decision. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities in the global automotive wipers
market.
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