Automotive Wiper Blades Market Expected to Reach US$ 8,788.3 Million by year 2033 | Future Market Insights, Inc.

The automotive wiper blades market size is projected to be valued at US$ 4,953.9 million in 2023 and is expected to rise to US$ 8,788.3 million by 2033. The sales of automotive wiper blades are expected to register a significant CAGR of 5.9% during the forecast period.

Automotive wiper blades are crucial in ensuring clear visibility for drivers, especially during adverse weather conditions. These essential components are designed to remove rain, snow, dirt, and debris from the windshield, enhancing safety and driving comfort. The automotive wiper blades industry encompasses the production, distribution, and sales of wiper blades for various vehicles, including passenger cars, commercial vehicles, and motorcycles.

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The market has experienced steady growth over the years, primarily driven by the increasing global vehicle production and the growing demand for passenger cars. As more vehicles are manufactured and sold, there is a parallel need for replacement wiper blades, leading to a surge in the market's demand. Additionally, regulations regarding road safety and visibility standards have also contributed to the market's growth as vehicle manufacturers strive to comply with these requirements.

Another significant trend in the market is the increasing adoption of advanced features, such as rain-sensing wipers and heated wiper blades. Rain-sensing wipers automatically activate when raindrops are detected on the windshield, enhancing convenience for the driver. Heated wiper blades help prevent ice and snow buildup on the blades, ensuring efficient and uninterrupted wiping even in extreme weather conditions. These advanced features have gained popularity among vehicle owners, contributing to the market's growth.

Beam wiper blades are the top-selling product type in the global market. Their sales are expected to record a CAGR of 6.7% during the forecast period. Drivers prefer beam wiper blades due to their curved shape, infinite pressure points, streamlined design, reduced size, and compatibility with various vehicle types.

The market for rear wiper blades is expanding rapidly, with a projected CAGR of 7.0%. This growth is driven by the increasing production of vehicles equipped with rear wipers. Safety concerns and the inclusion of rear wipers as standard features in hatchbacks and small SUVs contribute to the demand for rear wiper blades.

Passenger cars generate the majority of global market demand. The passenger cars segment is expected to reach a valuation of over US$ 2.7 billion by 2033. Rising production and sales of passenger vehicles, particularly compact cars, drive the demand for wiper blades.

The United States is an attractive market for automotive wiper blades in North America. It held around 17.9% of the market share in 2022. The growth in the United States market is fueled by increased vehicle production, technological advancements in wiper systems, and the popularity of SUVs.

China's automotive wiper blades market is projected to thrive at a CAGR of 6.1%, creating incremental opportunities of US$ 1.1 billion by 2033. The booming automotive industry, the availability of affordable wiper blades, and numerous automotive parts manufacturers drive market growth.

Germany's automotive wiper blades market is expected to register a moderate CAGR of 5.4%. Germany's strong motor industry, engineering skills, and reputation for innovation in wiper systems drive market growth.

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Key Companies Profiled In Automotive Wiper Blades Market

Denso Corporation
Valeo SA
TRICO Products Corp.
Robert Bosch GmbH
Continental AG
HEYNER GmbH
Doga SA
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 Group
Korea Wiper Blade
KB Wiper Systems

Recent Development

Nippon Wiper Blade and Asahi Manufacturing Co. Ltd, both subsidiaries of DENSO Corporation, merged in July 2019 to form DENSO Wiper Systems, Inc. This well-known brand steps forward to provide safer and more dependable wiper systems.
Robert Bosch GmbH created a new smartphone app to look for matching wiper blades in June 2017. The app is compatible with iOS and Android smartphones. This software is available in over 15 languages and includes online and offline search capabilities.

Key Segments Covered in the Automotive Wiper Blades Industry Report

By Wiper Blades Type:

Soft Top
Hard Top

By Material:

Foam-backed Cloth
Cotton-napped Cloth
Synthetic Cloth
Perforated Cloth

By Vehicle Type:

Passenger Car
Light Commercial Vehicle
Heavy Commercial Vehicle

By Sales Channel:

Hard Top
Soft Top

Region:

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific Excluding Japan (APEJ)
Japan
The Middle East & Africa (MEA)

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Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient 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.