The global windshield wiper market is experiencing growth due to
several factors such as rise in demand for technologically advanced
wiper blade and surge in demand for high-quality wiper blades for
premium vehicles.
WILMINGTON, Del. , Aug. 5, 2024
/PRNewswire/ -- Allied Market Research published a report,
titled, "Windscreen Wiper Blade Market by
Type (Boneless Wiper Blades, and Bone Wiper Blade), Distribution
Channel (Aftermarket, and OEM), and End-Use Industries (Automotive,
Aviation, and Others): Global Opportunity Analysis and Industry
Forecast, 2024-2033". According to the report, the windscreen
wiper blade market was valued at $7.3
billion in 2023, and is estimated to reach $10.3 billion by 2033, growing at a CAGR of 3.8%
from 2024 to 2033.
Prime Determinants of Growth
The number of vehicles on the road directly influences the
demand for windshield wiper blades. As vehicle ownership rates
increase globally, the demand for wiper blades rises
correspondingly. Furthermore, regions with diverse weather
conditions, such as those experiencing frequent rain, snow, or dust
storms, tend to have higher demand for windshield wiper blades.
Adverse weather conditions accelerate wear and tear on wiper
blades, necessitating more frequent replacements. Moreover, trends
within the automotive industry, such as the rise of electric
vehicles (EVs) , autonomous vehicles, and the growing popularity of
SUVs and trucks, also impact the demand for windshield wiper
blades. Different vehicle types may require specific wiper blade
designs or sizes, leading to increased market segmentation. In
addition, the aftermarket segment plays a significant role in
driving growth in the windshield wiper market. Consumers often
replace worn-out wiper blades with aftermarket alternatives, either
due to preference for specific brands or to upgrade to
higher-quality or specialty blades.
Request Sample of the Report on Windscreen Wiper Blade Market
Forecast 2033:
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Report Coverage & Details
Report
Coverage
|
Details
|
Forecast
Period
|
2024–2033
|
Base
Year
|
2023
|
Market Size in
2023
|
$7.3
billion
|
Market Size in
2033
|
$10.3
billion
|
CAGR
|
3.8 %
|
No. of Pages in
Report
|
488
|
Segments
Covered
|
Type, Application,
End-Use Industries and Region
|
Drivers
|
Rise in demand for
technologically advanced wiper blade
|
Surge in demand for
high-quality wiper blades for premium vehicles
|
Rise in vehicle
production and sales globally
|
Opportunities
|
Rise in demand for
high-quality aftermarket wiper blade
|
Restraint
|
High cost of advanced
wiper blade technology
|
Limited availability of
raw material required for the manufacturing of
wipers
|
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Tables, and Figures):
https://www.alliedmarketresearch.com/checkout-final/windscreen-wiper-blade-market-A184440
Segment Highlights
The boneless wiper blade segment is expected to grow faster
throughout the forecast period.
By type, the boneless wiper blade segment is anticipated to
experience faster growth in the windshield wiper market due to its
design without traditional metal or plastic frames, which can cause
uneven pressure and streaking on the windshield. Instead, they
feature a single, continuous piece of rubber or silicone that
conforms to the curvature of the windshield, providing consistent
pressure and better contact for improved wiping performance.
Traditional wiper blades with metal frames are prone to corrosion,
wear, and deformation over time, leading to reduced effectiveness
and the need for more frequent replacements. In contrast, boneless
wiper blades are typically made from durable materials such as
rubber compounds or silicone, offering greater resistance to wear
and tear and longer service life.
The aftermarket segment is expected to grow faster throughout
the forecast period.
By application, the aftermarket segment is anticipated to
experience faster growth in the windshield wiper market due to wide
range of windshield wiper blade options, including various brands,
sizes, materials, and features. This extensive product range allows
consumers to find wiper blades that best suit their specific needs,
preferences, and budget constraints. Aftermarket wiper blades are
designed to be compatible with a wide range of vehicle makes and
models, including both older and newer vehicles. This universality
makes aftermarket blades accessible to a broad customer base,
driving their popularity and market share.
The automotive segment is expected to grow faster throughout
the forecast period.
By end-use industry, the automotive segment is anticipated to
experience faster growth in the windshield wiper market owing to
automotive sector which encompasses a wide range of vehicle types,
including passenger cars, light trucks, commercial vehicles, and
specialty vehicles. The high volume of vehicle production within
the automotive sector drives substantial demand for windshield
wiper blades to equip new vehicles before they are sold to
consumers. Automotive manufacturers often have integrated supply
chains that include partnerships with windshield wiper blade
suppliers. These partnerships ensure a reliable supply of wiper
blades that meet the quality and performance standards required by
OEMs, further solidifying the automotive sector's market share.
North America to maintain
its dominance by 2032
By region, North America
experiences a diverse range of weather conditions, including rain,
snow, sleet, and hail, depending on the region and season. The need
for reliable windshield wipers to maintain visibility during
adverse weather conditions drives the demand for high-quality wiper
systems in the region.
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@ https://www.alliedmarketresearch.com/connect-to-analyst/A184440
Key Players
- Denso Corporation
- Federal-Mogul LLC
- HELLA GmbH & Co. KGaA
- Mitsuba Corporation
- PIAA Corporation
- Robert Bosch GmbH
- The Goodyear Tire & Rubber Company
- Trico Products Corporation
- Valeo SA
- WEXCO Industries Inc.
The report provides a detailed analysis of these key players in
the global windshield wiper market. These players have adopted
different strategies such as new product launches, collaborations,
expansion, joint ventures, agreements, and others to increase their
market share and maintain dominant shares in different regions. The
report is valuable in highlighting business performance, operating
segments, product portfolio, and strategic moves of market players
to showcase the competitive scenario.
Recent Development:
- In June 2023, the Valeo's Canopy
wiper blade was designed to reduce CO2 emissions by 61% compared to
a typical Valeo wiper blade commonly used in the European market,
making it a significant advancement in environmental sustainability
within the automotive industry.
- In January 2024, Mister-Auto has
integrated Valeo's Canopy low carbon footprint wiper blade range,
offering customers an eco-friendly option that reduces CO2
emissions compared to traditional wiper blades, aligning with
sustainability goals in the automotive sector.
- In December 2022, Valeo launched
EverGuard™, representing the next generation of wiper blades,
offering advanced features and innovative technology to enhance
visibility and durability for drivers worldwide.
- In March 2020, Valeo launched
universal flat wiper blades in India market. These wiper blades will be
manufactured at Valeo's Vallam site located near Chennai. The universal flat wiper is fast to
becoming the standard to fit in new vehicles in India, as it is the trend now in Europe, America, and China claims Valeo.
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