The global Wiper System market, which accrued revenue worth 8.01 (USD Billion) in 2019 and anticipated to garner earnings about 11.2 (USD Billion) by 2025, is set to grow at a CAGR of nearly 5.4% during the period from 2019 to 2025.
The global Wiper System market, which accrued revenue worth 8.01 (USD Billion) in 2019 and anticipated to garner earnings about 11.2 (USD Billion) by 2025, is set to grow at a CAGR of nearly 5.4% during the period from 2019 to 2025. The report offers valuation and analysis of the Wiper System market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, restraints, revenue estimates, avenues, current & emerging trends, and industry-validated market information. The report offers historical data from 2016 to 2019 along with a forecast from 2019 to 2025 based on value (USD Billion).
Introduction
Wiper system is electro-mechanical equipment that is utilized in vehicles for removing rain, ice, debris, and snow from windshield or windscreen. It is necessary for every vehicle such as cars, watercraft with a cabin, trucks, train locomotive, and aircrafts. Apart from this, different kinds of wipers are utilized in motor automotive including sequential sweep, mono-blade, left or right hand drive, pantograph system, and dual windscreen systems. There are generally two kinds of wiper systems such as conventional systems and rain-sensing systems.
Market Growth Dynamics
Surge in the vehicle production owing to increase in the per capita income will foster expansion of wiper system industry over the forecast timeline. Massive demand for Do-It-Yourself deployment of wiper systems will produce new growth avenues for wiper system market over the assessment timeline. Apparently, thriving eCommerce industry will steer the expansion of wiper system business in the forthcoming years. In addition to this, an upswing in demand for rain-sensing wipers will translate into humungous growth of wiper system market in the years to come. Nonetheless, lack of standard protocols for producing automotive wiper systems, huge automatic wiper costs, and dysfunctioning of automatic wiper system will pose a threat to the expansion of wiper system industry over the assessment period.
Moreover, large-scale production of vehicles in emerging economies such as India and China will generate new horizons of growth for wiper system industry over the forecast period. In addition to this, massive demand for passenger cars along with the cost-effective as well as time savvy deployment mode of wiper systems will culminate into humungous growth of wiper system industry over the forecast timeline.
North America To Dominate Overall Market Size By 2025
The regional market dominance over the forecast timeline can be attributed to presence of major vehicle part producers such as Trico and Robert Bosch GmbH. Furthermore, these brand names offer large number of items including motors, blades, and linkages. Countries such as Canada and the U.S. are anticipated to be the major regional revenue drivers in the ensuing years.
Key participants profiled in the study include Nippon Wiper Blade Co., Ltd., DENSO Corporation, Magneti Marelli S.p.A, Robert Bosch GmbH, Federal Mogul Motorparts LLC., Am Equipment, Valeo, DOGA SA, Mitsuba Corp., HELLA GmbH & Co. KGaA, Pilot Automotive, and B. Hepworth and Company Limited.
The global wiper system market is segmented as follows:
By technology:
By wiper blade type:
By component:
By vehicle type:
By Region
Surge in the vehicle production owing to increase in the per capita income will foster expansion of wiper system industry over the forecast timeline. Massive demand for Do-It-Yourself deployment of wiper systems will produce new growth avenues for wiper system market over the assessment timeline. Apparently, thriving eCommerce industry will steer the expansion of wiper system business in the forthcoming years. In addition to this, an upswing in demand for rain-sensing wipers will translate into humungous growth of wiper system market in the years to come. Moreover, large-scale production of vehicles in emerging economies such as India and China will generate new horizons of growth for wiper system industry over the forecast period. In addition to this, massive demand for passenger cars along with the cost-effective as well as time savvy deployment mode of wiper systems will culminate into humungous growth of wiper system industry over the forecast timeline.
According to Zion Market Research report, the global Wiper System market, which accrued revenue worth 8.01 (USD Billion) in 2019 and anticipated to garner earnings about 11.2 (USD Billion) by 2025, is set to grow at a CAGR of nearly 5.4% during the period from 2019 to 2025.
North America is likely to make noteworthy contributions towards overall Wiper System Market revenue over 2019-2025. The growth of the market in the region over estimated timespan can be attributed to presence of major vehicle part producers such as Trico and Robert Bosch GmbH. Furthermore, these brand names offer large number of items including motors, blades, and linkages. Countries such as Canada and the U.S. are anticipated to be the major regional revenue drivers in the ensuing years.
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