Global Automotive Wiper Component Aftermarket to Gain from Rising Sales of Premium Cars

A recent report predicts steady growth for the global automotive wiper component market. The increasing use of electronics and improved luxury in vehicles we own have led to the inclusion of various driver assistance features in the latest models of cars. Front wipers are among the mandatory features that help maintaining clear vision in vehicles, and account for a considerable share in the global automotive wiper component aftermarket. The report discussing the various aspects of the global automotive wiper component aftermarket is titled “Automotive Wiper Component Aftermarket - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026,” and is available for sale on MarketResearchReports.biz.

It offers a comprehensive market overview besides highlighting the growth drivers and restraints influencing its trajectory. The report covers various segments within the global automotive wiper component aftermarket and identifies the ones reaping most benefits for the market players. Furthermore, it includes valuable market intelligence for the companies.

The rising demand for SUVs and cross-overs is identified as the chief driver of the global automotive wiper component aftermarket. Paradigm shift in consumer preference from sedans to cross-overs, which come at a lesser cost than SUVs yet are aesthetically very pleasing, is expected to give significant impetus to the market. Furthermore, the increasing inclusion of rear wipers in latest vehicle models will create sales opportunities for the market in the coming years. According to the report, this trend of including rear wipers is most prominent among celebrated automakers. Following this suit, several regional companies have started offering rear wipers to steal a march over their competitors. Spurred by this, the global automotive wiper component aftermarket will exhibit steady growth in the coming years.

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In addition to aforementioned factors, the market is forecast to significantly gain from the expansion of the used car market. The frequent maintenance required in used cars is expected to create sales opportunities for the market. Also with the average age of vehicles increasing as an increasing number of people prefer retaining their vehicles and not selling them as scrap, the market can expect significant growth opportunities in the forthcoming years.

Regionally, Europe and North America is expected to witness a higher penetration of the luxury and premium cars market. This will in turn fuel growth opportunities for the automotive wiper component aftermarket. Also the market is expected to gain from the increasing demand for driver assisting features and increasing willingness among consumers to spend on cars and vehicles.

Besides studying the growth drivers and restraints, the report profiles some of the leading companies operating in the market. These include Federal Mogul Motorparts LLC., Robert Bosch GmbH, HELLA GmbH & Co. KGaA, DENSO Corporation, Nippon Wiper Blade Co., Ltd., Am Equipment, Mitsuba Corp., B. Hepworth and Company Limited, DOGA SA, Valeo S.A., Pilot Automotive, Magneti Marelli S.p.A., and others.

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