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Wiper Systems - Global Market Trajectory & Analytics

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    Report

  • April 2021
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 338377

Despite Continued Economic Slowdown, China Still Remains a Major Market for Wiper Systems

Global Wiper Systems Market to Reach $10.3 Billion by 2027

Amid the COVID-19 crisis, the global market for Wiper Systems estimated at US$8.1 Billion in the year 2020, is projected to reach a revised size of US$10.3 Billion by 2027, growing at a CAGR of 3.5% over the period 2020-2027. Rain Sensing, one of the segments analyzed in the report, is projected to record 4% CAGR and reach US$6.2 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Conventional segment is readjusted to a revised 2.8% CAGR for the next 7-year period.





The U.S. Market is Estimated at $2.2 Billion, While China is Forecast to Grow at 6.4% CAGR

The Wiper Systems market in the U.S. is estimated at US$2.2 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.2 Billion by the year 2027 trailing a CAGR of 6.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1% and 2.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.7% CAGR.

Select Competitors (Total 37 Featured):
  • AM Equipment
  • Cardone Industries, Inc.
  • Denso Corporation
  • DOGA S.A.
  • Federal-Mogul Corporation
  • HELLA GmbH & Co. KGaA
  • Magneti Marelli S.p.A.
  • Mitsuba Corporation
  • PMP Auto Components Pvt. Ltd.
  • Robert Bosch GmbH
  • Saver Automotive Products, Inc.
  • Screen Wiper Solutions
  • Syndicate Wiper Systems (P) Ltd.
  • The Matador Company Ltd.
  • Trico Products Corporation
  • Valeo S.A.
  • WEXCO Industries Inc.
Frequently Asked Questions about the Global Market for Wiper Systems

What is the estimated value of the Global Market for Wiper Systems?

The Global Market for Wiper Systems was estimated to be valued at $8.1 Billion in 2020.

What is the growth rate of the Global Market for Wiper Systems?

The growth rate of the Global Market for Wiper Systems is 3.5%, with an estimated value of $10.3 Billion by 2027.

What is the forecasted size of the Global Market for Wiper Systems?

The Global Market for Wiper Systems is estimated to be worth $10.3 Billion by 2027.

Who are the key companies in the Global Market for Wiper Systems?

Key companies in the Global Market for Wiper Systems include AM Equipment, Cardone Industries, Inc., Denso Corporation, DOGA S.A., Federal, Mogul Corporation, HELLA GmbH & Co. KGaA, Magneti Marelli S.p.A. and PMP Auto Components Pvt. Ltd..

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Windshield Wipers: A Standard Equipment on all Vehicles
  • Recent Market Activity
  • Market Outlook
  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS
  • Albany Magneto Equipment Inc. (USA)
  • Cardone Industries, Inc. (USA)
  • Denso Corporation (Japan)
  • DOGA S.A (Spain)
  • Federal-Mogul Corporation (USA)
  • HELLA GmbH & Co. KGaA (Germany)
  • Hepworth and Company Limited (UK)
  • Johnson Electric (Hong Kong)
  • Magneti Marelli S.p.A (Italy)
  • Mitsuba Corporation (Japan)
  • PMP Auto Components Pvt. Ltd. (India)
  • Robert Bosch GmbH (Germany)
  • Saver Automotive Products, Inc. (USA)
  • Screen Wiper Solutions (New Zealand)
  • Syndicate Wiper Systems (P) Ltd. (India)
  • The Matador Company Ltd. (UK)
  • Trico Products Corporation (USA)
  • Valeo S.A. (France)
  • WEXCO Industries Inc. (USA)

3. MARKET TRENDS & DRIVERS
  • A Review of Major Trends & Drivers
  • As New Car Sales Decline in Developed Markets & the Global Passenger Car Industry Heads Towards a Plateau, Tier 1 Auto Component Suppliers to the OEM Market Begin to Feel the Heat
  • Flat to Stagnant Growth in New Car Sales Drives Auto Parts Suppliers to Focus on Opportunities Offered by the Aftermarket
  • Heavy Duty Usage Drives Replacement Demand for Wipers in Commercial Vehicles
  • Rise in the Number of Automotive Accidents Fuels the Emphasis on Developing Advanced Wiper Systems & Highlights the Importance of Regular Replacements
  • Demand for Smarter Auto Components Fuels the Use of Sensors in Wiper System Assembly
  • Continuous Technology Innovation in a Seemingly Unremarkable Auto Component Benefits Market Growth
  • Wiper Motor Kinetics Takes the Center Stage of Innovation
  • Quieter Operation Gains Research Preeminence
  • New Materials Make Headway in the Competitive Battle to Enhance Durability of Wiper Systems
  • Salient Features of Leading Windshield Wiper Blade Brands
  • Integrated Wiper & Washer Systems Grow in Popularity
  • New Reversible Dual Windshield Wipers Make Replacement of Wiper Blades Easy & Cost Effective
  • Expanding Middle Class Population in Developing Countries to Boost Demand for High-End Intelligent and Integrated Wiper Systems
  • Stringent Regulations Influence Design Ideas of Windscreen Wiper Systems
  • Vehicle Production Gains in China to Drive Growth in the Asian Market
  • Wiper System Manufacturing Shifts to Asia
  • Rising Preference for Small Cars and Hatchbacks Spurs Demand for Rear Window Wiper Systems
  • Headlight Wipers for Better Lighting Luminosity

4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
  • UNITED STATES
  • CANADA
  • JAPAN
  • CHINA
  • EUROPE
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • AUSTRALIA
  • INDIA
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • IRAN
  • ISRAEL
  • SAUDI ARABIA
  • UNITED ARAB EMIRATES
  • REST OF MIDDLE EAST
  • AFRICA

IV. COMPETITION
  • Total Companies Profiled: 37

Companies Mentioned

A selection of companies mentioned in this report includes:

  • AM Equipment
  • Cardone Industries, Inc.
  • Denso Corporation
  • DOGA S.A.
  • Federal-Mogul Corporation
  • HELLA GmbH & Co. KGaA
  • Magneti Marelli S.p.A.
  • Mitsuba Corporation
  • PMP Auto Components Pvt. Ltd.
  • Robert Bosch GmbH
  • Saver Automotive Products, Inc.
  • Screen Wiper Solutions
  • Syndicate Wiper Systems (P) Ltd.
  • The Matador Company Ltd.
  • Trico Products Corporation
  • Valeo S.A.
  • WEXCO Industries Inc.