Global Automotive Wiper Blade Market Size By Product Line (Standard, Inexpensive, and Superior/Premium), By Vehicle Type (Passenger Cars, Light Commercial Vehicles, and Heavy Commercial Vehicles), By Sales Channel (OEM, Aftermarket), By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Global Automotive Wiper Blade Market Size By Product Line (Standard, Inexpensive, and Superior/Premium), By Vehicle Type (Passenger Cars, Light Commercial Vehicles, and Heavy Commercial Vehicles), By Sales Channel (OEM, Aftermarket), By Geographic Scope And Forecast
Automotive Wiper Blade Market Size And Forecast
Automotive Wiper Blade Market size was valued at USD 3971.63 Million in 2024 and is projected to grow to USD 5406.26 Million by 2031 with a CAGR of 3.93% between 2024-2031.
The persistent focus on road safety and driver visibility is the primary driver for the automotive wiper blade sector. Furthermore, advancements in blade technology, eco-friendly materials, and increased performance all contribute to market expansion. The Global Automotive Wiper Blade Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Automotive Wiper Blade Executive Summary
The persistent focus on road safety and driver visibility is the primary driver for the automotive wiper blade sector. Wiper blades are prioritized by vehicle owners and manufacturers in order to maintain clear windscreens in a variety of weather situations. Furthermore, advancements in blade technology, eco-friendly materials, and increased performance all contribute to market expansion. As road safety remains a top priority, the need for high-quality wiper blades drives the market.
The rising use of autonomous vehicles that rely on advanced sensor technology is a critical limitation in the automotive wiper blade industry. Autonomous cars may reduce the need for traditional wiper blades by using alternate means to preserve visibility, lowering the total demand for wiper blades in the future, particularly if autonomous technology becomes more widely used.
Based on the product line, the standard segment holds a significant market share and is expected to increase faster in the forecast period. These dependable and affordable wiper blades suit various cars and weather situations, making them a favorite option among customers. Standard wiper blades provide vital visibility and safety features at a lower cost than specialized choices, contributing to their constant demand.
Based on the Vehicle Type, the Passenger car segment dominates the market and is anticipated to grow in the forecasted period. Passenger car owners place a premium on good visibility for safety, resulting in a steady demand for high-quality wiper blades. Because these blades are essential for preserving vision in various weather situations, their demand in the passenger car sector remains stable.
Based on the Sales Channel, the Aftermarket segment dominates the market and is expected to grow in the forecasted period. The aftermarket industry for vehicle wiper blades is always in high demand. Vehicle owners often replace old or broken wiper blades to preserve good sight on the road.
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Global Automotive Wiper Blade Market Outlook
Over the years, the global automotive industry has seen a spectacular increase in demand for vehicles, a phenomenon caused by various reasons such as economic expansion, urbanization, and changing consumer lifestyles. This rising demand for automobiles has had a significant influence on a variety of vehicle parts and systems, particularly automotive wiper blades.
The constant growth in global population and urbanization is one of the key causes of the increasing demand for vehicles. As more people move to cities, the need for personal transportation grows. Automobiles provide a handy and efficient mode of transportation in metropolitan areas, allowing people to travel to work, do errands, and access critical services. According to the World Bank, cities now house 56% of the global population (4.4 billion people). This trend is anticipated to continue, with the number of urban residents more than tripling by 2050, when roughly seven out of ten people live in cities. This urbanization trend is especially noticeable in emerging economies, as quickly expanding cities increase vehicle ownership.
However, Pricing constraints emerge as a substantial limitation in the face of a restricted client base and several rivals striving for market share. Price wars and discounts are used by businesses to attract clients, and this can lead to narrowing profit margins. This can be harmful to firms’ financial health and may stymie expenditures in R&D or the adoption of new technology. While competition drives innovation and costs in the vehicle wiper blade industry, it is also a substantial impediment. Manufacturers are under pressure to engage in price wars, invest in continuous innovation, and manage complicated product portfolios, all of which can influence profit margins and market growth.
Global Automotive Wiper Blade MarketSegmentation Analysis
The Global Automotive Wiper Blade Market is segmented on the basis of Product Line, Vehicle Type, Sales Channel, and Region.
Automotive Wiper Blade Market, By Product Line
Standard
Inexpensive
Superior/Premium
To Get a Summarized Market Report By Product Line-
Based on Product Line, the market is segmented into Standard, Inexpensive, and Superior/Premium. Standard accounted for the largest market share and is projected to grow at the highest CAGR in the forecast period. Standard wiper blades, also known as “coat hanger” wipers, are the most prevalent kind of windscreen wiper and continue to be fitted to the majority of new vehicles, though this is decreasing. They are typically secured to the vehicle with a hook-shaped wiper arm fitting. Demand for standard automotive wiper blades tends to be stable due to the ongoing need for maintenance and replacement. In areas where there is a lot of rain, snow, or other inclement weather, wiper blades are in high demand.
Automotive Wiper Blade Market, By Vehicle Type
Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
By Vehicle Type, the market is segmented into Passenger Cars, Light Commercial Vehicles, and Heavy Commercial Vehicles. Passenger cars accounted for the largest market share of 50.69% in 2022 and are projected to grow at a CAGR during the forecast period. Over the next decade, the increasing average age of passenger cars is expected to result in increased use of automotive wiper blades. Because wipers have a limited lifespan, the longer a vehicle is on the road, the more frequently the wiper will need to be replaced, creating a massive aftermarket/replacement market opportunity. One of the most important requirements for safe driving in all types of weather and driving conditions is a clear view of the road ahead.
Automotive Wiper Blade Market, By Sales Channel
OEM
Aftermarket
Based on the Sales Channel, the Aftermarket segment dominates the market and is expected to grow in the forecasted period. The aftermarket industry for vehicle wiper blades is always in high demand. Vehicle owners often replace old or broken wiper blades to preserve good sight on the road.
Automotive Wiper Blade Market, By Geography
Asia-Pacific
North America
Europe
Latin America
Middle East and Africa
To Get a Summarized Market Report By Geography-
By Geography, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa. Asia-Pacific accounted for the largest market share of 42.32% in 2022 and is projected to grow at the highest CAGR during the forecast period. North America was the second-largest market in 2022. Favorable subsidiaries offered by Asian countries such as India, Indonesia, China, and Australia among other Asian countries are fueling the market growth. China is the leading market for automotive in the Asia-Pacific region. China is the world’s largest automobile market in terms of both yearly sales and manufacturing output, with domestic output estimated to exceed 35 million vehicles by 2025.
Key Players
The major players in the market are Bosch, Trico Products, Valeo, Champion Brands (Federal-Mogul), Denso, Anco, Rain-X, ACDelco, Pylon, Michelin, Motorcraft, Silblade, Mitsuba, WEXCO Industries. This section provides company overview, ranking analysis, company regional and industry footprint, and ACE Matrix.
Company Market Ranking Analysis
The company ranking analysis provides a deeper understanding of the top 5 players operating Automotive Wiper Blade Market. takes into consideration several factors before providing a company ranking. The top three players for the Automotive Wiper Blade Market are Bosch, Trico Products, Valeo. The factors considered for evaluating these players include company’s brand value, product portfolio (including product variations, specifications, features and price), company presence across major regions, product related sales obtained by the company in recent years and its share in the total revenue. further study the company’s product portfolio based on the technologies adopted or new strategies undertaken by the company to enhance their market presence globally or regionally. We also consider the distribution network (online as well as offline) of the company that helps us to understand the company’s presence and foothold in various Automotive Wiper Blade Markets.
Company Regional Footprint
The company’s regional section provides geographical presence, regional level reach, or the respective company’s sales network presence. For instance, Bosch has its presence globally i.e. in North America, Europe, Asia Pacific and RoW.All the companies considered for profiling are reviewed similarly under this section. These sections help us to understand the overall Automotive Wiper Blade Market presence on a global and country level.
Ace Matrix
This section of the report provides an overview of the company evaluation scenario in the Automotive Wiper Blade Market. The company evaluation has been carried out based on the outcomes of the qualitative and quantitative analyses of various factors such as the product portfolios, technological innovations, market presence, revenues of companies, and the opinions of primary respondents.
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