Wiper Blade Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033 | Robert Bosch GmbH, Denso Corporation, Continental AG, Michelin, Illinois Tool Works Inc., DRiV Incorporated, HELLA GmbH & Co. KGaA, OSRAM GmbH, TRICO, Doğa Grup

As per the report, the wiper blade market size has grown steadily in recent years. It will grow from $9.13 billion in 2023 to $9.56 billion in 2024 at a compound annual growth rate (CAGR) of 4.7%. The wiper blade market size is expected to see steady growth in the next few years. It will grow to $11.54 billion in 2028 at a compound annual growth rate (CAGR) of 4.8%.

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Rising Vehicle Numbers Drive Growth in the Wiper Blade Market
The expanding number of vehicles is expected to propel the growth of the wiper blade market going forward. The increasing number of vehicles is attributed to the rising population, improved economic conditions, and increased urbanization, contributing to greater demand for personal and commercial transportation solutions. Wiper blades are essential components of a vehicle's safety system, designed to clear the windshield of rain, snow, dirt, and other debris. Their primary function is to maintain clear visibility for the driver, ensuring safe driving conditions in various weather scenarios. For instance, in December 2023, the U.S. Environmental Protection Agency, a U.S.-based government agency, reported that the combined production share of electric vehicles (EVs), plug-in hybrid vehicles (PHEVs), and fuel cell electric vehicles (FCVs) increased from 4% in 2021 to 7% in 2022, and reached 12% by 2023. Therefore, the expanding number of vehicles is driving the growth of the wiper blades market.

Innovative Advancements In The Sustainable Wiper Blade Technology
Major companies operating in the wiper blade market are developing eco-friendly wiper blades to reduce environmental impact significantly compared to traditional wiper blades. Eco-friendly wiper blades are rubber blades made of more than 80% natural, renewable, or recycled materials, reducing the environmental impact and carbon footprint. For instance, in September 2023, Valeo SA, a France-based automotive supplier and partner to automakers, launched Canopy. It is the first wiper blade to reduce CO2 emissions by 61%, compared to most wipers available on the European market. The canopy wiper blade has an innovative mounting mechanism requiring one pre-installed adaptor, minimizing waste from several adapters. The packaging is also environmentally sustainable, manufactured from more than 90% recycled cardboard and printed with water-based inks. This wiper blade revolutionizes wiper blade technology and environmental responsibility by combining recycled and renewable materials, minimizing waste, and lowering emissions.

The wiper blade market covered in this report is segmented -

1) By Blade Type: Conventional Blades, Flat Blades, Hybrid Blades
2) By Vehicle Type: Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles
3) By Sales Channel: Original Equipment Manufacturer (OEM), Aftermarket
4) By Application: Windshield Wipers, Rear Wipers

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Major companies operating in the wiper blade market are Robert Bosch GmbH, Denso Corporation, Continental AG, Michelin, Illinois Tool Works Inc., DRiV Incorporated, HELLA GmbH & Co. KGaA, OSRAM GmbH, TRICO, Doğa Grup, Xiongshun Automobile Material (Xiamen) Co. Ltd., Pilot Automotive, ACDelco, PIAA Corporation, WEXCO Industries Inc., Syndicate Wiper Systems (P) Ltd., Tex Automotive, Heyner Gmbh, PSV Wipers Limited, Cap. Co. Ltd., ANCO

Contents of the report:
1. Executive Summary
2. Wiper Blade Market Report Structure
3. Wiper Blade Market Trends And Strategies
4. Wiper Blade Market - Macro Economic Scenario
5. Wiper Blade Market Size And Growth
…..
27. Wiper Blade Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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