Wiper Blade Market Forecast and CAGR
Assessment on the wiper blade market reveals that the industry is expected to progress at around 6% CAGR from 2021 to 2031. Increased demand for vehicles and the introduction of rear wipers in new range of vehicles is projected to boost the market.
What is Driving Demand for Wiper Blade?
During the forecast period, the market is predicted to increase due to rising global demand and production of passenger automobiles. As a result, some of the most important developments by market players have been to consolidate existing market positions and seek out new niche opportunities.
The global increase in automotive production and sales has been a major driver of the wiper blades market. Wipers travel back and forth in a pendulum motion in an automobile’s front and rear windshields to remove debris, water and snow. Furthermore, in areas where the weather is very severe, even the headlamps are equipped with wiper blades.
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The increasing average age of passenger cars is expected to result in higher use of wiper blade in the following decade. Wipers have a short lifespan, therefore the longer a vehicle is on the road, the more frequently the wipers will be replaced, creating a huge replacement market opportunity.
New technologies, including as water cleaning and dust removal, are being developed in the wiper blade industry to reduce noise and boost wiper performance. Increased vehicle demand and increased demand for high technology wipers, such as rain detecting wiper systems, are two significant drivers of this industry.
Many jurisdictions have legislation requiring the installation of windscreen wipers on autos. Windshield wipers may be required safety equipment in some vehicle inspections. For autos, some states in the United States have a “wipers on, lights on” rule.
Windshield wipers are required by law on all cars to keep snow, rain, and other moisture from obscuring the windshield. This means that the windshield wipers in question must be in excellent operating order to complete the duty of cleaning the windows. The wiper blade demand will be driven by these reasons.
US and Canada Demand Outlook of Wiper Blade
The US is expected to be one of the most promising market throughout the projected period, owing to an increase in vehicle production and the presence of prominent manufacturers in the region.
Manufacturers in the US are focusing on technological breakthroughs for new product invention or updating existing wipers, which is also one of the main drivers of market growth.
The wiper blade aftermarket in North America is seeing a dramatic shift in demand from conventional to beam and hybrid solutions, presenting considerable growth opportunities for suppliers who can effectively position their goods with distributors and consumers.
Europe Demand Outlook for Wiper Blade
Europe is expected to be second largest market for wiper blade. Europe is well-known for its world-class motor industry and engineering skill. From Asia to the Americas, European automobiles especially those from Italy and Germany are known for their innovation, dependability, safety, and aesthetics. With respect to country wise market, Germany is Europe’s largest production and sales market by a fair margin.
The Europe market is expected to develop due to the region’s strong automotive production base. Additionally, the increase in the number of new light commercial vehicle registrations is expected to contribute to market growth. Additionally, numerous top e-commerce organizations are using light commercial trucks to provide better and faster transportation services to consumers, which is another significant factor expected to drive market expansion.
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Who are the Key Manufacturers and Suppliers of Wiper Blade?
Some of the leading manufacturers and suppliers include Denso Corporation, Valeo SA, DRiV Incorporated, TRICO Products Corp., Robert Bosch GmbH, Continental AG, HEYNER GmbH, Doga SA, Xiamen Lukasi Car Accessories Co., Ltd., ITW, Hella KGaA Hueck & Co., Tokai Riki Co., Ltd., Xiong Shun Automobile Material Co., Ltd., Pilot Automotive, Fu-Gang Co., Ltd., PSV Wipers Limited, ACDelco, Cap Co., Ltd. (CAPCO), WEXCO Industries Inc., Tex Automotive Ltd, Syndicate Wiper Systems (P) Ltd., Michelin and others.
To keep up with the severe competition, small businesses must increase their financial investments, technology, and even brand influence.
Manufacturers are focusing on the performance of the automotive wiper blade as a result of the increased emphasis on safety features, which is projected to drive sales of automotive wipers over the forecast period.
- In September 2019, Continental launched full line of ClearContact premium beam windshield wiper blades
- In December 2018, Valeo launched a new all-in-one wiper blade solution. The Titanium features Valeo’s up to date technology which includes the patented Pyramid beam blade design with the latest Tec2 rubber formula.
Key Segments
By Blade Type
- Conventional Blades
- Flat Blades
- Hybrid Blades
By Application
- Windshield Wipers
- Rear Wipers
By Vehicle Type
- Passenger Cars
- Compact Cars
- Mid-sized Cars
- SUVs
- Luxury Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
By Sales Channel
- OEM
- Aftermarket
By Region
- North America (U.S., Canada)
- Latin America (Mexico, Brazil)
- Europe (Germany, Italy, France, U.K, Spain, Russia)
- South Asia & Pacific (India, ASEAN, Australia and New Zealand)
- East Asia (China , Japan, South Korea)
- Middle East and Africa (GCC Countries, South Africa, Northern Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Report Highlights
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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