What is Global Wiper Blade Market?
The Global Wiper Blade Market is a comprehensive study of the worldwide market trends and growth prospects, focusing on the wiper blade industry. Wiper blades are a crucial component in vehicles, providing clear visibility by wiping off rain, snow, and dirt from the windshield. The market encompasses various types of wiper blades, including boneless, bone, and hybrid wiper blades, each with its unique features and applications. The global wiper blade market was valued at US$ 3500 million in 2022 and is expected to reach US$ 3944 million by 2029, growing at a CAGR of 1.7% during the forecast period 2023-2029.
Boneless Wiper Blade, Bone Wiper Blade, Hybrid Wiper Blade in the Global Wiper Blade Market:
Diving deeper into the types of wiper blades, boneless wiper blades are known for their flexibility and adaptability to the shape of the windshield, providing a clean and streak-free wipe. Bone wiper blades, on the other hand, are traditional wiper blades that have a metal frame holding the rubber blade in place. They are known for their durability and cost-effectiveness. Hybrid wiper blades combine the benefits of both boneless and bone wiper blades, offering flexibility and durability. They are designed with a hard outer shell for protection and a flexible inner blade for a clean wipe. The top three players in the global wiper blade market hold a share of about 43%, indicating a competitive market landscape.
OEM, Aftermarket in the Global Wiper Blade Market:
The usage of wiper blades is widespread in both Original Equipment Manufacturer (OEM) and aftermarket sectors. OEMs are the companies that manufacture the original equipment, including wiper blades, for the vehicles. They ensure that the wiper blades are of high quality and fit perfectly with the vehicle's design. On the other hand, the aftermarket sector deals with the replacement of wiper blades once they wear out. The aftermarket sector is crucial as it ensures the longevity of the vehicle by providing quality replacement parts. Europe is the largest market for wiper blades, holding a share of about 33%, followed by Asia-Pacific and North America, with shares of 31% and 29%, respectively.
Global Wiper Blade Market Outlook:
To rephrase the market outlook, the global wiper blade market, valued at US$ 3500 million in 2022, is projected to reach a valuation of US$ 3944 million by 2029. This indicates a growth rate of 1.7% during the forecast period of 2023-2029. The market is dominated by the top three players, who collectively hold a market share of approximately 43%. In terms of geographical distribution, Europe leads the market with a 33% share, closely followed by Asia-Pacific and North America, with market shares of 31% and 29% respectively.
| Report Metric | Details |
| Report Name | Wiper Blade Market |
| Accounted market size in 2023 | US$ 4270.8 million |
| Forecasted market size in 2030 | US$ 4910.7 million |
| CAGR | 2.1% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Valeo, Bosch, Trico (First Brands Group), Denso, HEYNER GMBH, Mitsuba, ITW, CAP, HELLA GmbH, AIDO, Shenghuabo Group, Pylon, KCW, DOGA, Xiamen Phucar Auto Accessories, Guoyu, Xiamen Meto Auto Parts |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
