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Global Automotive Wiper Market to Grow at a CAGR of 4.70% During 2022-2027, Driven by Rising Safety Concerns

According to a new report by EMR titled, ‘Global Automotive Wiper Market Report and Forecast 2022-2027’, the market attained a value of about USD 4.3 billion in 2021. The industry is further expected to grow at a CAGR of 4.70% in the forecast period of 2022-2027.

The global market for automotive wipers is driven by the rising automotive production, along with rapid urbanisation. The surging consumption of automotive wipers in the automotive industry, along with the increasing adoption of rear wipers in the new range of vehicles is likely to propel the market growth of the automotive wipers.

 

Going further, the increasing developments in the windscreen wipers like improving performance, improving wiper durability, and drivers’ safety are further propelling the demand for automotive wipers in the global market. The increasing purchasing power among consumers is influencing them to own their personal vehicles which is further accelerating the growth in the market of automotive wipers.

 

For instance, in June 2019, DENSO Corporation (OTCMKTS: DNZOY) a global automotive components manufacturer is headquartered in Kariya, Aichi Prefecture, Japan announced that Nippon Wiper Blade Co., Ltd. and Asahi Manufacturing Co., Ltd., both of which are subsidiaries of DENSO Corporation, merger in October 2019, and made a new start as DENSO Wiper Systems, Inc.

 

Moreover, the business environment is changing significantly with the undergoing of a once-in-a-century transformation in the auto industry owing to swift innovations in CASE (connected, autonomous, shared, and electrified) technologies, this is further supporting the growth of global automotive wiper market.

 

Market Analysis by Blade Type, Vehicle Type, Application, End-Use, and Region:

  • The market, on the basis of blade type, can be divided into traditional bracket blades, low-profile beam blades, and hybrid blades.
  • By vehicle type, the market is segmented into passenger vehicles and commercial vehicles.
  • Based on end-users, the market can be divided into OEM and aftermarket.
  • On the basis of application, the market is categorised into windshield wipers, headlight wipers, and rear wipers.
  • The regional markets for automotive wipers include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Key Findings of the Report:

  • The growing automotive industry is driving the market for automotive wipers.
  • The growing concern for safe driving is boosting the growth of the market.
  • The increasing number of vehicles on road has bolstered the market demand for automotive wipers.
  • The increasing production of vehicles is fuelling the growth of the market.

 

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for the periods (2017-2021) and (2022-2027).
  • The report also offers the historical (2017-2021) and forecast (2022-2027) markets for the blade type, vehicle type, application, end-use, and regions of automotive wipers.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

 

The major players in the global market for automotive wipers are DENSO Corporation, Robert Bosch GmbH, HELLA GmbH & Co. KGaA, DOGA Group, and Federal-Mogul, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

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