Passenger Vehicles to be the Leading Consumers of Automotive Wipers Through 2030 | Valeo, TRICO, Robert Bosch GmbH
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Besides this, the need to switch to a better automotive wiper in used cars for better safety is likely to contribute to the growth of the market during the forecast period (2020-2030). Also, the improved performance and product innovation are improving the sales prospect of automotive wiper.
Fact.MR estimates the global automotive wiper market is anticipated to register a CAGR of over 3% during the forecast period.
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Key Takeaways from the Automotive Wiper Market Report:
• In terms of the wiper blade, attributes such as durability and resilience are likely to boost the sales of beam blade during the forecast period.
• Passenger vehicles hold a leading share in the automotive wiper market, owing to the growing production volume as well as high utilization of wipers.
• An increase in the popularity of the rear wipers is likely to boost their adoption rate during the forecast period.
• Asia Pacific is anticipated to lead the automotive wiper market during the forecast period
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• Lockdown restrictions could deter the otherwise steady growth of the automotive wiper market during the forecast period (2020-2030)
• Availability of automotive wipers on eCommerce is likely to underpin the sales, as manufacturers are able to reach out to more consumers across geographies.
"Innovation has been driving the growth of the automotive wiper market. Manufacturers are gradually shifting towards the production of automotive wipers with curvature to offer durable solutions to consumers. Given the frequent need to change the conventional automotive wipers, it is estimated that consumers will shift towards the beam blade and other innovative wipers for better sustainability and clear sight of line in their vehicles, “ opines a seasoned analyst at Fact.MR.
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Automotive Wiper Market: Segmentation
Fact.MR has assessed the global automotive wiper market with detailed segmentation in terms of sales channel, vehicle type, wiper blade, and region.
• North America
• Latin America
• Asia Pacific
• Middle East and Africa (MEA
Read More Trending and Similar Reports from Fact.MR – https://www.globenewswire.com/en/news-release/2019/04/02/1795322/0/en/Automotive-Tubeless-Tires-Demand-Driven-by-Growing-Focus-on-Fuel-Efficiency-finds-Fact-MR.html
Product Differentiation: A Constant in the Automotive Wiper Market
The automotive wiper technology has come a long way, and it is indeed moving forward in the direction of advancement and innovation. Manufacturers, in the competitive automotive wiper market space, are showing a high reliance on smart electronics to bring in the required differentiation to their automotive wipers.
For instance, Trico offers various automotive wipers such as plastic-frame blade, electric rear wiper, Series 2000 blades, Tefillin blade, NeoForm blade, Flex Blade, Ice Blade, and Force Blade. The company is also expanding its base in different geographies in Europe and Asia Pacific to offer customers a wide range of OEM products.
Another key player in the automotive wiper market, Mitsuba Co., offers a variety of front wiper system as well as the rear wiper system. Besides this, the company has listed its products on Alibaba to enhance its products’ reach to overseas territories.
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Some of the other players operating in the automotive wiper marker include Valeo, TRICO, Robert Bosch GmbH, Mitsuba Corp., AM Equipment, B.Hepworth and Company Limited, DENSO Corporation, DOGA S.A., Federal Mogul Motorparts LLC, HELLA GmbH & Co. KGaA, Magneti Marelli S.p.A., Nippon Wiper Blade Co., Ltd., Pilot Automotive, and TEX Automotive Ltd.
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Content Source: https://www.factmr.com/media-release/1719/global-automotive-wiper-market
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