The latest market report published by Credence Research, Inc. is “Global Automotive Wipers Market: Growth, Future Prospects, and Competitive Analysis, 2016 – 2028″. The Global Automotive Wipers Market generated revenue around USD 3926.1 million in 2021 and is anticipated to grow a CAGR of over 4.3% during the forecast period from 2022 to 2028 to reach around USD 5054.37 million in 2028. While cumulative growth opportunity presented by the global Automotive Wipers is around USD 1128.27 million from 2022 to 2028.
The increasing number of manufacturers incorporating simple and inexpensive wiper components to protect against uneven weathering and the growing emphasis by consumers and automotive OEMs on vehicle and driver safety are driving the market growth. For instance, in 2019, Magneti Marelli, a leading automotive wiper motor manufacturer, and Fiat Chrysler Automobiles agreed to form a prominent and independent automotive components provider. The major driving factors for the growth of this market are rising vehicle sales and production worldwide, increased adoption of rear wipers in SUVs, rising disposable income in countries such as China and India, and rising demand for vehicle and driver safety. However, the lack of standard protocols for advancing automotive wiper systems, a lack of skilled drivers, and the complex design of the system are considered major impediments to the market’s growth.
Click here to get the short-term and long-term impact of COVID-19 on this Market: https://www.credenceresearch.com/report/automotive-wipers-market
The global Automotive Wipers market is bifurcated into Arm Type, Blade Type, Vehicle Category, Application, Sales Channel, and Geography. Based on arm type the market is categorized into synchronized radial arm automotive wipers and pantograph arm automotive wipers.
Based on blade type, the global market is segmented into traditional bracket blades, low-profile beam blades, and hybrid blades.
Based on the vehicle category, the market is bifurcated into passenger car wipers, LCV wipers, and HCV wipers.
By application, the market is categorized into windshield wipers, rear wipers, and headlight wipers. Based on the sales channel the market is divided into automotive wiper sales through OEMs and automotive wiper sales through aftermarkets. Finally, based on geography, the market is segmented as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
“E-commerce emerging as a popular buying destination for automotive wipers”
The automotive wipers market is marked with the presence of both local and global players, wherein the local players mostly focus on price competitiveness and the global players on brand value. Moreover, the global players also have the benefit of supplying to the automotive OEMs. In recent years, with the advent of e-commerce, automotive wipers are widely available through online platforms such as Amazon, eBay and Alibaba among others. Ease of shopping and wide availability are the two most prominent factors complimenting the online sales growth of automotive wipers. Moreover, the concept of do-it-yourself (DIY) has gained popularity in recent years. This has led consumers to mostly prefer online platforms to purchase automotive wipers as they are available at a lower price through online. However, the growing share of online sales is posing significant challenges for the offline market vendors.
“Growing motor vehicle production in major markets such as China and India set to affect the market positively”
Asia Pacific represents the largest and most lucrative regional market for automotive wipers worldwide. The trend shall prolong and the region is poised to register strong growth during the forecast period. The world’s largest motor vehicle manufacturer (Toyota) is headquartered in the region. Other leading motor vehicle manufacturers headquartered in the region include Hyundai, Nissan, Honda and Suzuki. Highly aspirational consumers coupled with fast GDP growth have been the two most prominent growth drivers for most of the emerging markets in Asia Pacific such as; India, China, Malaysia and other developing markets in Southeast Asia. China, which is the largest motor vehicle manufacturing country in the world, has witnessed a rising middle class, a factor that has complimented the Chinese auto market growth. Improving standard of living and rising disposable income have been important factors driving the automotive wipers demand in the region positively. These factors in combination expected to drive the Asia Pacific automotive wipers market in the coming years.
Segmentation of Global Automotive Wipers Market –
Global Automotive Wipers Market – By Arm Arm Type
- Synchronized Radial Arm Automotive Wipers
- Pantograph Arm Automotive Wipers
Global Automotive Wipers Market – By Blade Arm Type
- Traditional Bracket Blades
- Low-Profile Beam Blades
- Hybrid Blades
Global Automotive Wipers Market – By Vehicle Category
- Passenger Car Wipers
- LCV Wipers
- HCV Wipers
Global Automotive Wipers Market – By Blade Type
- Windshield Wipers
- Headlight Wipers
- Headlight Wipers
Global Automotive Wipers Market – By Sales Channel
- Automotive Wiper Sales through OEMs
- Automotive Wiper Sales through Aftermarkets
Why to Buy This Report-
- The report provides a qualitative as well as quantitative analysis of the global Automotive Wipers market by segments, current trends, drivers, restraints, opportunities, challenges, and market dynamics with the previous period from 2016-2020, base year- 2021, and forecast period 2022-2028.
- The report includes information about the competitive landscape, such as how the market’s key players operate at the global, regional, and country levels.
- In-depth analysis of the global market segmentation based on arm type, blade type, vehicle category, application, sales channel, and geography.
- The report includes comprehensive and authentic data for all factors such as supply and demand, CAGR, consumer purchasing trends, and several others.
- The global Automotive Wipers market report also includes the global, regional, and country-level analysis, key market trends, major players analysis, market growth strategies, and key application areas.
Browse Full Report with Complete ToC: https://www.credenceresearch.com/report/automotive-wipers-market
Table of Content
1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation
2. Executive Summary
2.1. Market Snapshot: Global Automotive Wipers Market
3. Market Dynamics & Factors Analysis
3.1. Introduction
3.1.1. Global Automotive Wipers Market Value, 2016-2028, (US$ Bn)
3.2. Market Dynamics
3.2.1. Key Growth Trends
3.2.2. Major Industry Challenges
3.2.3. Key Growth Pockets
3.3. Attractive Investment Proposition,2021
3.3.1. Arm Type
3.3.2. Blade Type
3.3.3. Vehicle Category
3.3.4. Application
3.3.5. Geography
3.4. Porter’s Five Forces Analysis
3.4.1. Threat of New Entrants
3.4.2. Bargaining Power of Buyers/Applications
3.4.3. Bargaining Power of Suppliers
3.4.4. Threat of Substitute Arm Types
3.4.5. Intensity of Competitive Rivalry
3.5. Value Chain Analysis
4. Market Positioning of Key Players, 2021
4.1. Company market share of key players, 2021
4.2. Top 6 Players
4.3. Top 3 Players
4.4. Major Strategies Adopted by Key Players
5. COVID 19 Impact Analysis
5.1. Global Automotive Wipers Market Pre Vs Post COVID 19, 2019 – 2028
5.2. Impact on Import & Export
5.3. Impact on Demand & Supply
6. North America
6.1. North America Automotive Wipers Market, by Country, 2016-2028(US$ Bn)
6.1.1. U.S.
6.1.2. Canada
6.1.3. Mexico
6.2. North America Automotive Wipers Market, by Arm Type, 2016-2028(US$ Bn)
6.2.1. Overview
6.2.2. Synchronized Radial Arm Automotive Wipers
6.2.3. Pantograph Arm Automotive Wipers
6.2.4. Others
6.3. North America Automotive Wipers Market, by Blade Type, 2016-2028(US$ Bn)
6.3.1. Overview
6.3.2. Traditional Bracket Blades
6.3.3. Low-Profile Beam Blades
6.3.4. Others
6.4. North America Automotive Wipers Market, by Vehicle Category, 2016-2028(US$ Bn)
6.4.1. Overview
6.4.2. Passenger Car Wipers
6.4.3. LCV Wipers
6.4.4. LCV Wipers
6.4.5. Others
6.5. North America Automotive Wipers Market, by Application, 2016-2028(US$ Bn)
6.5.1. Overview
6.5.2. Windshield Wipers
6.5.3. Headlight Wipers
6.5.4. Others
6.6. North America Automotive Wipers Market, by Sales Channel, 2016-2028(US$ Bn)
6.6.1. Overview
6.6.2. OEMs
6.6.3. Aftermarkets
7. Europe
……….
8. Asia Pacific
………..
9. Latin America
……..
10. Middle East
…………
11. Africa
………
12. Global
………..
13. Company Profiles
13.1. Robert Bosch (Australia) Pty Ltd
13.2. TEX Automotive Ltd
13.3. The Goodyear Tire & Rubber Company
13.4. Pilot Automotive
13.5. B. Hepworth and Company Limited
13.6. TRICO
13.7. Canadian Tire Corporation Limited
13.8. RONA
13.9. Magneti Marelli S.p.A.
13.10. Nippon Wiper Blade Co. Ltd.
13.11. Others
……………
Browse Full Report with ToC, List of Figures and List of Tables: https://www.credenceresearch.com/report/automotive-wipers-market
About Us
Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, nonlegislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.
Media Contact
Company Name: Credence Research
Contact Person: Chris Smith
Email: Send Email
Phone: 18003618290
City: SAN JOSE
State: CA
Country: United States
Website: https://www.credenceresearch.com/