According to a new market research report published by Acute Market Reports “Automotive Wipers Market (Vehicle Type – Passenger Cars and Commercial Vehicles; Application – Windshield Wipers and Rear Wipers; Blade Type – Traditional Bracket Blades, Low-profile Beam Blades and Hybrid Blades ) – Growth, Future Prospects and Competitive Analysis, 2020 – 2028”, the global automotive wipers market was valued at US$ 3,625.6 Mn in 2019 and is expected to grow at a CAGR of 10.2% during the forecast period from 2020 to 2028.

Market Insights

Automotive wipers are one of the most crucial safety components on any vehicle. It has evolved drastically ever since the first time they were introduced in the early 1900s. This change has been mostly the result of technical improvements, changes in automobiles & other vehicles and consumer demand. Research and development activities have been directed towards developing blades with increasingly flexible rubber to keep out ice and snow and also to develop nonstick coatings on the edges of the blades in order to keep wax and oil from adhering and aging them. Moreover, development of all-weatherproof wiper blade is one of the emerging trends witnessed in the automotive wipers market. The new technology is beneficial in removing snow, dust and dirt. 

Continued incorporation of wipers in production vehicles coupled with growing demand from the aftermarket segment is one of the most prominent factors impacting the automotive wipers market growth positively. Countries such as China and India have remained in the forefront in this context. Another prominent factor complimenting the automotive wipers market growth is the increasing adoption of rear wipers in entry level cars. In recent years, several automobile manufacturers such as Renault, Toyota and Maruti Suzuki and Tata among others have launched new hatchbacks and compact SUVs models with rear wipers pre-installed. Despite the decline in global automobile production since 2017 along with the drastic slump experienced in 2020, the demand for automotive wipers is expected to increase significantly in post COVID-19 recovery. Resumption of automobile productions along with a large replacement demand for wipers are expected to offer a double digit growth in the following years. 

In recent years, with increasing penetration of the internet, e-commerce has witnessed an exponential growth. This factor has positively impacted the demand growth for automotive wipers, as through online platforms, customers can shop with convenience and also has a plethora of product offerings to choose from. Moreover, e-commerce websites often offer product discounts, which further entices customers to prefer online platforms over offline. In addition, the concept of do-it-yourself (DIY) gaining significant popularity is another factor contributing to the increasing preference of online channels over brick and mortar stores. 

Some of the major players operating in the market include Robert Bosch GmbH, Valeo S.A., ASMO Co., Ltd., Trico Products Corporation, Denso Corporation, Federal-Mogul Corporation, Mitsuba Corporation, WEXCO Industries, Inc., PMP Auto Components Private Limited, Doga, S.A. and Camoflex Wiper Systems among others. The global automotive wipers market is characterized by the presence of both global and regional players wherein each of the two have their own distinct sales strategies. Global brands who mostly supply automotive wipers to leading automotive OEMs, rely heavily on quality and service. However, for most of the regional players pricing plays a crucial role.

Browse the full report at https://www.acutemarketreports.com/report/automotive-wipers-market

The Global Automotive Wipers Market is Segmented into:

*Complete segmentation list is on report page