Automotive Sector Propels Global Wiper Blade Market to US$ 13.2 Billion by 2033 | Future Market Insights, Inc.

The global wiper blade market is worth US$ 9.6 Billion as of now and is expected to reach US$ 13.2 Billion by the year 2033 at a CAGR of 3.2% between 2023 and 2033.

The automotive' vertical is witnessing steadiness and the scenario is expected to remain unchanged even in the forecast period. With growing number of vehicles on road, demand for wiper blades for maintenance and replacement is expected to expedite.

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It is a known fact that wiper blade does play a vital role in ascertaining visibility when the weather is harsh. This harshness could be with respect to snowfall or rain. The manufacturers are emphasizing on manufacturing wiper blades offering enhanced wiping performance, resistance, and durability, which would catalyze the wiper blade market going forward. In other words, there would be nothing to look back for wiper blade market.

With hybrid and electric vehicles increasingly being adopted, specially-designed wiper blades are being designed. With eco-friendliness on the cards, key participants are trying to go for wiper blade made out of eco-friendly materials.

Certain top end cars do have wipers on headlights apart from helping in extreme conditions. There are washer wipers as well; which do spray liquid on windshield and eliminate dirt from surface. All these factors are expected to take the wiper blade market by storm in the forecast period.

Future Market Insights has entailed these facts with future perspectives in the latest market study entitled 'Wiper Blade Market'. It has its team of analysts and consultants to execute using an eagle's eye view across primary, secondary, and tertiary modes of research.

"With spike in production of automobiles, the global wiper blade market is expected to grow on a good note in the forecast period", says an analyst from Future Market Insights.

Key Takeaways from Wiper Blade Market

North America holds a sizable market share due to the US being subject to technological breakthroughs on continuous basis. For instance - there is a shift to beam and hybrid solutions from the traditional ones.
Europe holds the second-largest market share on the back of Germany being home to top notch motor industry as well as engineering skills. Italy is there to add to the growth in the form of aesthetics, safety, dependability, and innovation.
The Asia-Pacific is expected to grow inadvertently in the wiper blade market with Japan and Korea at the forefront.

Competitive Wiper Blades

Continental, September 2019, did launch ClearContact premium beam windshield wiper blades.
Valeo, in December 2018, did launch a novel all-in-one wiper blade solution. Titanium does feature Valeo's updated technology including patented Pyramid beam blade design with Tec2 rubber formula.
Nippon Wiper Blade and Asahi Manufacturing Co. Ltd., in July 2019, did merge to begin as DENSO Wiper Systems, Inc. The company does offer highly reliable and safer wiper systems.
Robert Bosch GmbH has its novel smartphone app for searching for matching wiper blades. It extends support to android and iOS devices. It's available in over 15 languages and could be looked for offline as well as online.

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.

What does the Report say?

The research study is based on blade type (conventional blades, flat blades, and hybrid blades), by application (windshield wipers and rear wipers), by vehicle type (passenger cars (compact cars, mid-sized cars, SUVs, and luxury cars), LCVs (Light Commercial Vehicles), and HCVs (Heavy Commercial Vehicles)), and by sales channel (OEM and aftermarket).
With increase in demand for automotives, the global wiper blade market is expected to grow on a grand note in the upcoming period.

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 (USA, Canada)
Latin America (Mexico, Brazil)
Europe (Germany, Italy, France, United Kingdom, 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)

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

This release was published on openPR.