Automotive Wiper Component Aftermarket: Global Strategic Business Report

Global Automotive Wiper Component Aftermarket Market to Reach $13 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Automotive Wiper Component Aftermarket estimated at US$10.3 Billion in the year 2020, is projected to reach a revised size of US$13 Billion by 2027, growing at a CAGR of 3.5% over the analysis period 2020-2027. Wiper Blade, one of the segments analyzed in the report, is projected to record a 3.7% CAGR and reach US$5.7 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Wiper Motor segment is readjusted to a revised 2.7% CAGR for the next 7-year period.

The U.S. Market is Estimated at $2.8 Billion, While China is Forecast to Grow at 6.3% CAGR

The Automotive Wiper Component Aftermarket market in the U.S. is estimated at US$2.8 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$2.7 Billion by the year 2027 trailing a CAGR of 6.3% 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. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.8 Billion by the year 2027.

Rain Sensor Segment to Record 4% CAGR

In the global Rain Sensor segment, USA, Canada, Japan, China and Europe will drive the 4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.9 Billion in the year 2020 will reach a projected size of US$2.5 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 5% CAGR through the analysis period.

Select Competitors (Total 42 Featured) -

• AM Equipment
• B. Hepworth and Co., Ltd.
• Denso Corporation
• DOGA SA
• Federal-Mogul Motorparts LLC
• HELLA GmbH & Co. KGaA
• Magneti Marelli SpA
• Mitsuba Corporation
• Nippon Wiper Blade Co. Ltd.
• Pilot Automotive
• Robert Bosch GmbH
• Valeo SA

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