Automotive Wiper Market - Snapshot
The automotive wiper is a device that is used to remove snow, rain, and dirt from the windshield of the vehicle in order to maintain clear vision while driving. Demand for wipers is high, as front wipers are mandatory in vehicles.
Changing consumer preference from sedans to SUVs, hatchbacks, and crossovers has driven the demand for rear wipers, which in turn is driving the automotive wiper market. Rise in demand for high clearance vehicles and number of young consumers is boosting the demand for SUVs, which in turn is driving the automotive wiper market. Sales of SUVs in China rose rapidly between 2013 and 2017, reaching 27% of total vehicle sales in 2016. SUVs accounted for 34% share of the total global vehicle market in 2017, thus translating into a considerably large automotive wiper market. Rise in demand for used vehicles is fuelling the number of serviceable vehicles on road, thereby driving the demand for automotive wipers. Change in consumer preference about retention of a vehicle and several first-time buyers opting for used cars are expected to drive the automotive wiper market. The average age of the passenger car has increased to around 11 years in North America and Europe. Moreover, a rise in the number of registered vehicles on-road drives the automotive wiper market
The global automotive wiper market has been segmented based on wiper blade, vehicle type, sales channel, and region. In terms of wiper blade, the automotive wiper market has been classified into standard blade, beam blade, and hybrid blade. The beam blade segment is estimated to hold a major share of the global automotive wiper market by the end of the forecast period. Rising consumer affordability and demand for newer efficient technology is propelling the demand for beam blade wipers.
Based on vehicle type, the automotive wiper market has been segregated into passenger vehicle, light commercial vehicle, and heavy commercial vehicle. The passenger vehicle segment held a prominent share of the market in 2017, owing to the high production volume and higher rate of utilization of rear wipers in passenger vehicles. The light commercial vehicle segment is expected to expand at a high growth rate in the market in North America and Latin America due to high consumer preference for these vehicles in these regions.
Based on region, the automotive wiper market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific led the global automotive wiper market due to high volume production of vehicles in China, India, and Japan. Expansion of economies of China, India, and countries in ASEAN is expected to further boost vehicle production and registration of on road vehicles in Asia Pacific. Consequently, the region is projected to dominate the global market during the forecast period.
Key players operating 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, Robert Bosch GmbH, and TEX Automotive Ltd.
Automotive Wiper Market - Overview
This report analyzes and forecasts the wiper market at the global and regional level. The market has been forecasted, based on value (US$ Mn) and volume (million units) from 2018 to 2026. The study involves the effect of all the factors that can contract or expand the market globally as well as regionally. The report also highlights opportunities in the automotive wiper market at the global and regional level.
The report contains value chain analysis, which provides a comprehensive view of the global automotive wiper market. The Porter’s Five Forces analysis for the market has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein end-users are benchmarked based on their market size, growth rate, and general attractiveness.
The study provides a decisive view of the market by segmenting the market in terms of wiper blade, vehicle type, sales channel, and region. These segments have been analyzed, based on present and future trends. Regional segmentation comprises current scenario along with forecast of the automotive wiper market. The forecast provided is based on the compilation of current trends as well as expected scenario in the future, due to change in technological, geographical, political, and economic factors.
The study includes profiles of major companies operating in the automotive wiper market. The global market is dominated by major automotive wiper manufacturers such as 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., Mitsuba Corp., Nippon Wiper Blade Co., Ltd., Pilot Automotive, Robert Bosch GmbH, TEX Automotive Ltd., TRICO, and Valeo. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments. The automotive wiper market is primarily driven by rising sales of SUVs, cross-overs, and hatchbacks and their increased utilization of rear wipers and increasing production of vehicles.
The report provides the estimated market size of automotive wiper market in 2017 and forecast for the next nine years. The global market size has been provided in terms of value (US$ Mn) and volume (million units). Market figures have been estimated, based on wiper blade, vehicle type, sales channel, and regional segments of the automotive wiper market. Market size and forecast for each major segment have been provided in terms of global and regional/country markets.
In order to compile the research report, we conducted in-depth interviews and discussions with a number of key industry participants and opinion leaders. Primary research represents the bulk of research efforts, supplemented by extensive secondary research. We reviewed key players’ product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research also includes a search of recent trade, technical writing, internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise market data, capturing industry participants’ insights, and recognizing business opportunities.
Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, and SEC filings, internal and external proprietary databases, and relevant patent and regulatory databases, national government documents, statistical databases, and market reports, news articles, press releases, and webcasts specific to companies operating in the market, National government documents, statistical databases, and market reports, American Automobile Association, European Automobile Manufacturers Association, Automotive Research Association of India, Organisation Internationale des Constructeurs d'Automobile (OICA), Factiva, etc.
Primary research involves e-mail interactions, and telephonic interviews for each market, category, segment, and sub-segment across geographies. We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate the data and analysis. Primary interviews provide firsthand information on market size, market trends, growth trends, competitive landscape, and outlook, etc. These help validate and strengthen secondary research findings. These also help develop the analysis team’s expertise and market understanding.
The global automotive wiper market has been segmented as follows:
Global Automotive Wiper Market, by Wiper Blade
Global Automotive Wiper Market, by Vehicle Type
- Passenger Vehicle
- Light Commercial Vehicle
- Heavy Commercial Vehicle
Global Automotive Wiper Market, by Sales Channel
Global Automotive Wiper Market, by Region/Country/Sub-region
- North America
- Latin America
- Asia Pacific
- Middle East & Africa