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Global Windshield Wiper Blades Market Strategies, SWOT Analysis to 2022, Key Players-Wexco Industries, Inc. (U.S.), TRICO (U.S.), PMP Auto Components Private Ltd. (India), Robert Bosch GmbH (Germany).

11-09-2018 11:43 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Research Cosmos

Global Windshield Wiper Blades Market

Global Windshield Wiper Blades Market

Global Windshield Wiper Blades Market Overview:

In most vehicles, the windshield wiper is powered by an electric motor, while in some vehicles it is powered by a pneumatic motor. The main types of automotive wipers are the standard hinge brushes, the non-hinged wipers and the winter wiper blades. The standard hinge brushes are installed in most vehicles with metal frames stamped with numerous pivots. These windshield wipers have been used for a decade and are very economical for buyers. In extreme winter conditions, the steel structure of the windshield wiper recovers the ice from the windshield. This makes the cleaner-less effective in preventing the rubber edges of the cleaner from pressing on the glass. Therefore, these wiper blades should be cleaned regularly in extremely cold conditions. The brushes without hinges, on the other hand, are made of soft plastic. As there is no metal frame, there is less surface on which ice and snow can accumulate. Also, there are no hinges to limit the range of motion of the windshield wipers. Brushes without hinges are superior quality blades that cost more than brushes with standard hinges. Winter brushes are similar to brushes with standard hinges with a metal frame and rubber trim, but unlike standard wiper blades, winter wipers have hindered the stagnation of ice and snow on the surface of the windshield wipers. Winter brushes are excellent in cold weather, but in summer, rubber sleeves can deteriorate rapidly and cause cracking or ripping.

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Global Windshield Wiper Blades Market Drivers and Restraints:
The increase in the global production of motor vehicles is one of the most important factors for the positive growth of the wiper blades market. The Global Windshield Wiper Blades Market correlates directly with the global production of motor vehicles, which is expected to reach 114 million units by 2024. In addition, the production of motor vehicles increased by 4.5% in 2016 compared to 2015. Countries such as China and India have remained at the forefront in this context. The increasing adoption of rear windshield wipers in entry-level cars is another important factor in the growth of the wiper market. In recent years, several automakers such as Renault, Toyota, Maruti Suzuki and Tata, among others, have launched new models of sedans and compact SUVs with pre-installed rear cleaners. Presently, with the increasing penetration of the Internet, electronic commerce has grown exponentially. This factor has had a positive impact on the growth of demand for automobile wipers, as online platforms allow customers to conveniently buy and offer a large number of product offerings. In addition, e-commerce websites often offer discounts on products, which makes customers prefer online platforms to offline stores. In addition, the growing concept of DIY is another factor that contributes to the growing preference of online channels by traditional stores.

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Global Windshield Wiper Blades Market Geographical segmentation:
Based on geography, Global Windshield Wiper Blades Market is segmented into regions such as North America, Latin America, Europe, Middle East and Africa, and Asia Pacific. Asia-Pacific has the largest market share in terms of revenues, followed by Europe, North America, Latin America and the Middle East and Africa (MEA). In the Asia-Pacific region, countries such as China and India have experienced strong demand and production of passenger vehicles. This, in turn, increases the use of automobile wiper blades on passenger vehicles in the above-mentioned countries. The market in North America and Europe tends to be a bit saturated, but the market is expected to remain stable over the forecast period. At the end of the forecast period, the Middle East, Africa and Latin America are expected to show significant growth, given the growth of the automotive sector and the growing demand for passenger and commercial vehicles in the regions.

Key Players in Global Windshield Wiper Blades Market:
The major players actively participating in the market include Wexco Industries, Inc. (U.S.), TRICO (U.S.), PMP Auto Components Private Ltd. (India), Robert Bosch GmbH (Germany), Saver Automotive Products, Inc. (U.S.), Federal Mogul Corporation (U.S.), Denso Corporation (Japan) among others.

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About Us:
Research Cosmos is a provider of standard and customized Industry research, business intelligence and consulting services across more than 100 domains in different industries of the world. We host the trending Industry reports of the world’s top-notch publishing companies, offering services to a wide range of customers from students to fortune 500 companies and discloses the hidden opportunities in every leading industry of the world.

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