San
Francisco, 19 September 2018 - The global wiper system market is estimated to reach USD
11.07 billion by 2025, according to a new study by Grand View Research, Inc.
The growing automobile production is expected to drive the market growth over
the forecast period.
The improved standard of living and increase in GDP
in developing regions has stimulated the purchase of automotive vehicles
thereby, fostering the demand for these products. Moreover, the development in
road infrastructure in these regions has encouraged commercial transport
businesses that is expected to boost the adoption of commercial vehicles.
Rain sensing wipers are expected to be used on low
cost car segments due to low cost of hardware such as sensors that reduce the
overall cost of the wiper system. Thus, it is presumed to raise the functional
value of the vehicle that would enable higher sale. Furthermore, these wiper
systems increase the safety of the vehicle by minimizing driver distraction.
The industry comprises of small and large players
that have varied supply channels. The large players mainly form supply
rel ationship with the OEM manufacturers whereas smaller players adopt channels
such as B2B e-commerce platforms. The market is highly competitive due to the
fragmented nature and wide availability of aftermarket products that are cost
effective and saves buyer’s time.
Quality and pricing are two major factors that
enable customer retention for the market players. Major players are undertaking
research & development to develop sophisticated wiper systems that enables
them to retain market position.
Full
Research Report On Global Wiper Systems Market By Grand View Research:
www.grandviewresearch.com/industry-analysis/wiper-systems-market
www.grandviewresearch.com/industry-analysis/wiper-systems-market
Further
key findings from the study suggest:
- The increase in disposable income in developing
regions encourage the purchase of vehicles thereby fostering the market
growth for wiper systems
- Rain sensing wiper system is the fastest growing
type segment and witnesses a CAGR of 5.0% over the forecast period
- The growing demand for Do-it-Yourself (DIY) has
encouraged vehicle owners to install wiper systems conveniently and at a
lower cost
- Passenger cars is the largest application
segment due to widespread adoption mainly in emerging economies. The
segment is expected to grow at a CAGR of 4.9% over the coming years
- Asia Pacific is the largest and the fastest
growing regional segment due to increase in the automobile production in
the region
- The key industry participants include Robert
Bosch GmbH, ASMO Co., Ltd., Valeo S.A., Denso, Trico Products, MITSUBA,
Federal-Mogul, WEXCO Industries, Inc., DOGA S.A., PMP Auto Components
Private Limited among others
Browse
More Reports Of This Category By Grand View Research:
www.grandviewresearch.com/industry/emerging-and-next-generation-technologies
www.grandviewresearch.com/industry/emerging-and-next-generation-technologies
Grand View Research has segmented the global wiper system market based on
type, application, and regions:
Wiper
System Type Scope (Revenue, USD Million; 2014 - 2025)
- Traditional
Wiper System
- Rain
Sensing Wiper System
Wiper
System Application Scope (Revenue, USD Million; 2014 - 2025)
- Passenger
Cars
- Commercial
Vehicles
Wiper
System Regional Scope (Revenue, USD Million; 2014 - 2025)
- North
America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- Asia
Pacific
- China
- India
- Japan
- South
America
- Brazil
- MEA
Access
Press Release Of This Research Report By Grand View Research:
www.grandviewresearch.com/press-release/global-wiper-systems-market
www.grandviewresearch.com/press-release/global-wiper-systems-market
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research reports,
and consulting services. To help clients make informed business decisions, we
offer market intelligence studies ensuring relevant and fact-based research
across a range of industries, from technology to chemicals, materials and
healthcare.
For More
Information: www.grandviewresearch.com
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