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Wiper Blade Market Trends, Top Companies, Share, Growth And Forecast 2033
Wiper Blade Market Trends
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According to The Business Research Company's, 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 growth in the historical period can be attributed to a rise in automotive production, increasing vehicle demand, the use of boneless blades for cleaning car windshields, growing awareness about vehicle safety, and an increase in automotive sales.
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%. The growth in the forecast period can be attributed to the increasing number of vehicles on the road, the demand for wiper blades for replacement and maintenance purposes, the increasing demand for automobiles, the growing focus on driver safety and comfort, increasing adoption of electric and hybrid vehicles. Major trends in the forecast period include rising use of the boneless blade, increasing focus on sustainability and eco-friendliness, increasing demand for high-technology wipers, the introduction of rear wipers in a new range of vehicles, and focus on producing wiper blades.
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