Automotive Wiper Component Market Forecasts to 2028 – Global Analysis By Type (Wiper Motor, Rain Sensor, Wiper Blade), Vehicle Type (Commercial Vehicles, Passenger Cars), and By Geography

Automotive Wiper Component Market Forecasts to 2028 – Global Analysis By Type (Wiper Motor, Rain Sensor, Wiper Blade), Vehicle Type (Commercial Vehicles, Passenger Cars), and By Geography

According to Stratistics MRC, the Global Automotive Wiper Component Market is accounted for $11.18 billion in 2022 and is expected to reach $14.31 billion by 2028 growing at a CAGR of 4.2% during the forecast period. Automotive wiper is a windscreen wiper or windshield wiper. The arm is powered by an electric motor. Other source of power for the metal arm is pneumatic power which is also used in few vehicles. The speed adjusted by the driver and has the control settings near the driver seat. The blade swings back and forth over the windshield, pushing water or other dust particles away from the surface. It is a device used to remove water, rain, snow, ice and debris from a windscreen or windshield.

In 2018, the average cost of a ton of imported second-hand wipers amounted to approximately 575 euros, a decrease compared to the previous year. However, in the following year, this price increased, reaching almost 600 euros.

Market Dynamics:

Driver:

Rain Sensing Wiper Systems

Quickly growing demand for rain sensing wiper systems is largely fuelling the expansion of automotive wiper motor global market. Increasing number of auto component imports by auto manufacturers is likely to be an outstanding development in automotive wiper motor global market. Adopting rear wiper system in the admission level hatchbacks and development of crossovers and SUVs is anticipated to boost the growth of automotive wiper motor global market. Lifetime of automotive wiper motor is moderately low due to which stable replacement and maintenance has twisted out to be the need. This consecutively accelerates the demand for aftermarket in automotive wiper motor global market.

Restraint:

Usage of Aerodynamics and Sedans

The aerodynamics of sedans has controlled the use of rear wipers in cars. Rear wipers are used to maintain the glass clear and simple to observe through for security reasons. In sedans and smaller cars, a slanted window decreases this build-up. Sedans and other small vehicles are planned to get good mileage, which is made possible by having an aerodynamic shape that reduces wind confrontation. These little automobiles' windows are in general tilted as much as possible to enlarge aerodynamics, and fuel consumption. A rear wiper is not essential for the reason that the slanted glass does not collect dirt as easily. As well, adding up a rear wiper would raise wind drag, resulting in a modest drop in fuel efficiency. As such, this is predicted to hinder demand rise of automotive wiper component.

Opportunity:

Growing demand for electric vehicles

Growing demand for electric vehicles as a result of strict pollution principles for automobiles is projected to result in significant growth of electric vehicles. Most important automakers are functioning to expand the range of electric vehicles. Increased adoption of electric vehicles has resulted from factors such as increased demand for fuel-efficient, high-performance, and low-emission vehicles, as well as stringent government rules and regulations about vehicle emissions, creating new opportunities for auto part manufacturers in the market, counting auto wiper equipment manufacturers.

Threat:

Fluctuating Prices of Raw Materials

The fluctuating cost of the necessary raw materials may threaten the development of the market. Though, the improvement and production of habitual automotive wipers are anticipated to present profitable opportunities during the forecast period. Rain-detecting wipers which use optical sensors and function automatically are now become an actuality. This reduces the diversions caused physically operating the wipers for the period of rain and snow, in this manner avoiding accidents. The windshield wipers are further fashionable than rear or headlight wipers and hence, lead the application segment.

Covid-19 Impact

COVID-19 had a major impact on automobile industry. Owing to lower production and demand for autos, wiper manufacturers suffered losses. COVID-19 reserved individuals at home, resulting in less vehicle utilization and a downbeat influence on automotive wiper usage. The global economy is extremely needy on the automotive industry and many other industries. Though, they are shut down due to epidemic, it has terrifically affected the automobile industry. The global automobile sector has faced the most challenges during the COVID-19 pandemic. The uncompleted issue of COVID-19 in numerous countries has exaggerated the supply of many workings to companies’ manufacturing services. Roughly each and every worker in every company was affected due to the pandemic as there are jobs and salary cuts by the companies.

The Type segment is expected to be the largest during the forecast period

Based on type segment, the wiper motor is expected to grow at a highest share during the forecast period. The wiper motor is mainly determined by two important factors, one is usage of wiper system, and the other is increasing number of vehicles on road. The wiper motor is a significant part that boots the wiper system. The vehicles use wiper system on a normal basis if subjected to unfavourable conditions like rainfall or snowfall. The climate conditions in the country will determine the treatment pattern for the wiper system. Thus, wiper system usage will drive the wiper motor.

The Vehicle Type segment is expected to have the highest CAGR during the forecast period

Based on vehicle type, the passenger vehicles segment is projected to have the highest CAGR due to the large number of passenger cars in usage. The requirement for passenger cars is predisposed by economic conditions, changing government policies, and inflation levels. The increasing number of vehicles and necessitate for regular replacement of parts, owing to consistent use, boots the growth of automotive wiper component market. As well, the raise in demand for taxi services by various companies such as Uber, rapido, Ola and others in various geographies is likely to boost the demand for a passenger vehicle in general and automotive wipers in particular.

Region with highest share:

Asia Pacific holds the highest share of the global automotive wiper market and is anticipated to maintain its supremacy during the forecast period. The increase in the urbanization, expansion of industrialization, and growth in the disposable income propelled people to purchase new vehicles. Developing countries contain the highest rate of sales and production of vehicles. The automotive manufacturing companies are expenses high percentage on research to expand smart wipers system in vehicles. Moreover, rising disposable income and technological advancements are added expected to absolutely influence the raise of automotive wiper market in Asia-Pacific region.

Region with highest CAGR:

The Asia-pacific is captured to grow at a promising CAGR during the forecast period. Mounting awareness about vehicle safety will probable boost automotive wiper component market. Asia Pacific region is owing to increasing production and sales of premium cars all over the country. In addition, the growth in demand for safety characteristics in vehicles and increasing investment by public and private players to expand automobile sector are contributing in the expansion of the market in this region.

Key players in the market

Some of the key players profiled in the Market Valeo, Robert Bosch, Nippon Wiper Blade, Federal Mogul Motorparts, DENSO Corporation, B. Hepworth and Company, DOGA, HELLA GmbH & Co., Magneti Marelli, Mitsuba, Pilot Automotive, Am Equipment.

Key Developments:

In July 2019, Nippon Wiper Blade and Asahi Manufacturing Co. Ltd, both subsidies ofDENSO Corporation merges to start as DENSO Wiper Systems, Inc. This established company comes forward to offer safer and highly reliable wiper systems.

In March 2020, Valeo, a supplier of automotive technology, has announced the launch of universal flat wiper blades for the Indian market, which will improve visibility at high speeds and increase road safety. These wiper blades will be produced at Valeo’s Vallam plant, which is located near Chennai.

In July 2020, The Bosch Aerotwin windshield wiper with advanced wiper rubber profile has long been associated with quiet, exceptional wiping performance – even in extreme weather conditions. Power Protection Plus (PPP) wiper rubber advanced development with patented coating and long-life wiper rubber profile.

In April 2021, Denso Corporation announced its transfer of ownership to Higashi Hiroshima Plant to subsidiary DENSO Kyushu. The transfer of ownership focuses on increasing collaboration and strengthening engineering capabilities.

Type Covered:
• Wiper Motor
• Rain Sensor
• Wiper Blade

Vehicle Type Covered:
• Commercial Vehicles
• Passenger Cars

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements