What is Global Windshield Wiper Market?
The Global Windshield Wiper Market is a vast and dynamic sector that encompasses a wide range of products and services. It primarily deals with the manufacturing, distribution, and sale of windshield wipers, which are essential components of vehicles. These wipers play a crucial role in maintaining visibility during adverse weather conditions, thus ensuring the safety of the vehicle's occupants. The market is driven by various factors such as technological advancements, increasing vehicle production, and stringent safety regulations. However, it also faces challenges such as high competition and price sensitivity. Despite these challenges, the market continues to grow, thanks to the constant demand for vehicles and the need for regular replacement of wipers.
Wiper Blade, Wiper Arm in the Global Windshield Wiper Market:
The Global Windshield Wiper Market is segmented into two main categories: Wiper Blade and Wiper Arm. The Wiper Blade is the part of the wiper that comes into direct contact with the windshield, removing water, snow, and debris. It is typically made of rubber or silicone and needs to be replaced regularly due to wear and tear. On the other hand, the Wiper Arm is the component that holds the blade and moves it across the windshield. It is usually made of metal and is designed to withstand harsh weather conditions and constant movement. Both these components are crucial for the functioning of the windshield wiper system and have a significant impact on the overall market.
OEM, Aftermarket in the Global Windshield Wiper Market:
The Global Windshield Wiper Market caters to two main sectors: OEM (Original Equipment Manufacturer) and Aftermarket. The OEM sector involves the sale of windshield wipers to vehicle manufacturers, who install them in new vehicles. This sector is driven by the production of new vehicles and the introduction of new models. The Aftermarket sector, on the other hand, involves the sale of windshield wipers to vehicle owners for replacement purposes. This sector is driven by the need for regular replacement of wipers due to wear and tear. Both these sectors have a significant impact on the overall market and contribute to its growth.
Global Windshield Wiper Market Outlook:
The Global Windshield Wiper Market is expected to grow from US$ 7420 million in 2022 to US$ 8303.1 million by 2029, at a CAGR of 1.6%. The market is dominated by major players such as Valeo, Bosch, Federal-Mogul, Denso, and Trico, with the top three accounting for approximately 55% of the total market. The market is geographically diverse, with China and Europe being the largest markets, each accounting for about 25% of the total market. This growth is driven by various factors such as increasing vehicle production, technological advancements, and stringent safety regulations. Despite facing challenges such as high competition and price sensitivity, the market continues to grow, thanks to the constant demand for vehicles and the need for regular replacement of wipers.
| Report Metric | Details |
| Report Name | Windshield Wiper Market |
| Accounted market size in 2023 | US$ 7420 million |
| Forecasted market size in 2030 | US$ 8303.1 million |
| CAGR | 1.6% |
| 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, Tenneco(Federal-Mogul), Denso, Trico, ITW, HELLA, CAP, HEYNER GMBH, AIDO, Lukasi, Mitsuba, DOGA, METO, Pylon, KCW, Guoyu |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
