Market Size of Automotive Wiping Systems Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 8.00 % |
Fastest Growing Market | Asia-Pacific |
Largest Market | Asia-Pacific |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Automotive Wiping Systems Market Analysis
The automotive wiping system market is expected to grow, registering a CAGR of more than 8% in the forecast period (2022-2027).
Because of the global pandemic, the Automotive Wiping system market took a beating in 2020-2021, attributed to a halt in manufacturing and reduced demand for automotive components. As a result, the sales of vehicles globally were reduced for the first half of the year. However, in the latter half of the year 2020, the global automotive industry started to rebound, driving the market for automotive parts and components, including wiping systems.
For instance, around the world, 82 million vehicles were produced in 2019, a number that sharply decreased to 78 million in 2020. But sales of cars rose to just over 80 million units in 2021 as a result of a general increase in demand for automobiles. Given the circumstances, it is anticipated that the demand for passenger automobiles would rise as more people opt to purchase their own vehicles during the forecast period.
As the wiping systems are a part of almost all the cars playing on the road, with the increase in the number of new cars sold, the demand for the automotive wiper systems market is expected to grow. However, the semiconductor shortage may affect the production of vehicles in turn hampering the growth of the market.
Owing to the number of vehicles sold, the Asia-Pacific region is the largest market and is expected to dominate in the forecast period.
Automotive Wiping Systems Industry Segmentation
Automotive Wiping system is a set of devices used to clean rain, snow, ice, washer fluid, water, or debris off a car's parts including, the windshield, rear glass, and headlights. Most motor vehicles have at least one of these wipers, which are typically required by law. This includes cars, lorries, buses, and other vehicles. There are various components that are included in the automotive wiping systems, like connectors, reservoirs, hoses and others.
Automotive Wiping Systems Market is segmented by Application (Windshield Wiper/Washer, Headlight Washer and Rear Glass), by Component (Wiper Blades, Wiper Motor, Pump, and others), by Vehicle type (Passenger Cars and Commercial Vehicles), By Sales Channel (OEM and Replacement/Aftermarket), by Geography (North America, Europe, Asia-Pacific, and Rest of the World). The report offers market size and forecasts for Automotive Wiping Systems Market in Value (in USD billion) for all the above segments.
By Vehicle Type | |
Passenger Cars | |
Commercial Vehicles |
By Application | |
Windshield Washer | |
Headlight Washer | |
Rear Glass |
By Sales Channel | |
OEM | |
Replacement/Aftermarket |
By Component | |
Wiper Blades | |
Wiper Motor | |
Pumps | |
Others |
Geography | ||||||||
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Automotive Wiping Systems Market Size Summary
The automotive wiping systems market is poised for significant growth, driven by the increasing demand for passenger and luxury vehicles. Despite the setbacks experienced during the pandemic, which led to a temporary decline in vehicle production and sales, the market has shown resilience and is expected to expand steadily. The Asia-Pacific region, particularly China, is anticipated to dominate the market due to its substantial vehicle sales, fueled by a growing population and rising demand for automobiles. The market's growth is further supported by technological advancements in wiper systems, such as automatic and rain-sensing wipers, which are becoming more prevalent in both luxury and mainstream vehicles. This trend is indicative of a broader shift towards enhanced driver convenience and safety features in the automotive industry.
The competitive landscape of the automotive wiping systems market is characterized by a fragmented structure, with key players like Robert Bosch GmbH, Valeo Group, and Denso Corporation investing heavily in research and development to innovate and maintain their market positions. These companies are introducing advanced wiper technologies that offer improved performance and visibility, catering to the evolving needs of consumers. The introduction of features such as the SafeCheck indicator and the integration of water dispensing nozzles into wiper blades exemplify the industry's focus on enhancing user experience and safety. As the demand for passenger cars and electric vehicles continues to rise, particularly in emerging economies like India, the automotive wiping systems market is expected to experience robust growth in the coming years.
Automotive Wiping Systems Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Vehicle Type
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2.1.1 Passenger Cars
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2.1.2 Commercial Vehicles
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2.2 By Application
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2.2.1 Windshield Washer
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2.2.2 Headlight Washer
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2.2.3 Rear Glass
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2.3 By Sales Channel
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2.3.1 OEM
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2.3.2 Replacement/Aftermarket
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2.4 By Component
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2.4.1 Wiper Blades
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2.4.2 Wiper Motor
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2.4.3 Pumps
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2.4.4 Others
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2.5 Geography
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2.5.1 North America
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2.5.1.1 United States
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2.5.1.2 Canada
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2.5.1.3 Rest of North America
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2.5.2 Europe
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2.5.2.1 Germany
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2.5.2.2 Uinted Kingdom
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2.5.2.3 France
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2.5.2.4 Russia
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2.5.2.5 Spain
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2.5.2.6 Rest of Europe
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2.5.3 Asia-Pacific
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2.5.3.1 India
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2.5.3.2 China
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2.5.3.3 Japan
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2.5.3.4 South Korea
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2.5.3.5 Rest of Asia-Pacific
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2.5.4 Rest of the World
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2.5.4.1 South America
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2.5.4.2 Middle East and Africa
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Automotive Wiping Systems Market Size FAQs
What is the current Automotive Wiping Systems Market size?
The Automotive Wiping Systems Market is projected to register a CAGR of greater than 8% during the forecast period (2024-2029)
Who are the key players in Automotive Wiping Systems Market?
Robert Bosch GmbH, Denso Corporation, Valeo Group, Zhejiang Shenghuabo Electric Corporation and Mitsuba Corp. are the major companies operating in the Automotive Wiping Systems Market.