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Expanding Opportunity in the Aftermarket in the Wake of Decelerating Growth in New Car Sales Sustains Revenue Growth in the Global Wiper Systems Market


Published: January 2018

REPORT STATISTICS


  • Code: MCP-1049
  • Pages: 170
  • Tables: 59
  • Companies: 37


WIPER SYSTEMS: A RESEARCH BRIEF

The global market for Wiper Systems is forecast to reach US$9.2 billion by 2024, driven by the expanding opportunity in the aftermarket in the wake of slowing growth in new car sales; and improving technical expertise behind the seemingly unremarkable windshield wiper. Other major factors driving growth in the market include legislation of stringent vehicle safety regulations; increasing electronic content in automobiles, and growing demand for smarter auto components and the resulting use of sensors in wiper system assembly among others. Asia-Pacific represents the largest and the fastest growing market with a CAGR of 38.1% over the analysis period led by factors such as growing per capita vehicle ownership in developing Asian economies; growing base of affluent middle class population and greater appetite for innovative automotive technologies including intelligent rain sensing wiper systems; rise of China as a robust production hub for automobiles; increased outsourcing of wiper system manufacturing to Asian countries such as China, India, Thailand and Philippines; and growing preference for small cars and hatchbacks that are major end-users of rear window wiper systems.  

    Summary of Findings

  • Rising Passenger Car and Commercial Vehicle Density and Resulting Expanding of Opportunities in the Aftermarket Drives Demand for Automotive Infotainment Systems
  • The Ever-Present Threat of Automotive Accidents and the Resulting Importance Shed on Wiper-and-Washer Systems as a Key Part of a Vehicle’s Vision System Propels Growth
  • Improvements in Product Performance & Developments in Aerodynamic Designs to Drive Future Growth Intelligent Wiper Systems to Drive Growth in North America and Europe
  • Rising Popularity of Reversible & Integrated Wiper Systems Provide Growth Opportunities
  • Increasing Raw Material Prices: A Key Challenge to Market Growth

    Timeline for Analysis

  • Market Estimates and Forecasts for 2016-2024
  • Historic Review 2011-2015

    Geographic Markets Analyzed

  • US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, South Korea and Rest of Asia-Pacific), Middle East & Africa, and Latin America (Brazil, Mexico and Rest of Latin America)

MAJOR PLAYERS

  • Albany Magneto Equipment Inc.
  • Cardone Industries, Inc.
  • Denso Corporation
  • DOGA S.A
  • Federal-Mogul Corporation
  • HELLA GmbH & Co. KGaA

KEY RESEARCH DELIVERABLES

  • Review of Industry/Market Structure
  • Analysis of Trends & Drivers
  • Insights on Macro Market Scenarios
  • Market SWOT Analysis
  • Latent Demand Forecasts & Projections
  • Comprehensive Geographic Market Analysis
  • Presentation Ready Facts & Statistical Data Findings
  • Coverage of Major/Niche Players, Market Shares & Competition
  • Coverage of major Company/Technology/Product/Financial Stories
  • Extensive Product/Service/End-Use/Technology Coverage Where Applicable







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