Report Description
A recent market
intelligence report that is published by Data Insights Partner on the
global Wiper Systems Market makes an
offering of in-depth analysis of segments and sub-segments in the regional and
international Wiper Systems Market. The research also emphasizes on the impact of restraints,
drivers, and macro indicators on the regional and global Wiper
Systems Market over the short as
well as long period of time. A detailed presentation of forecast, trends, and
dollar values of global Wiper Systems Market is offered. In accordance with the report, the global
Wiper Systems Market is projected to
expand by healthy CAGR over the period
of forecast.
Market Insight, Drivers, Restraints,
Opportunity & Trends of the Market:
Definition
Wiper
systems or Windscreen wipers are apparatus that remove debris, dust, rain,
water, snow and/or any watery fluids from the front window of the vehicle to
ensures the driver’s clear visibility of the path lying frontwards. Maximum of
the vehicles which includes cars, buses, trucks, locomotives and even watercraft
and aircraft are furnished with wiper systems. Now-a-days provisioning of the
vehicles with wiper system is a legal requirement. The wiper system generally
comprises of an ingot arm. On one end there are pivots while on the other end a
rubber blade of significant length is attached with it.
Market Drivers
The
soaring number of traffic accidents around the globe due to a variety of
reasons is increasing the consumers safety measures while driving the global
wiper system market.
The development
of the automotive sector and the large-scale production of automobiles due to
the surging disposable income in the hands of the people, soaring middle class
population, GDP Growth, and the better standard of living especially in the
developing and underdeveloped region is fueling the growth of this market. The
rising inclination of consumers on the purchase of sports utility vehicle and
to enjoy a quality driving experience is one of those factors driving this
market. The growing demand for passenger vehicles is also a determinant.
The
newer tendency of the consumers to purchase wiper system that facilitates handcrafted
installation is providing an impetus to the growth of this market. Also, the
above factor when associated with the availability of do-it-yourself or DIY or
handcrafted wiper systems in various e-commerce platforms is powering the
further growth of the wiper system market.
The
magnification of the market for rain-sensing wiper system owing to the better
visibility for the driver during unfavorable weather conditions on account of
the manual operation of the wiper system is empowering the growth of the wiper
system market. This improves the aesthetic and value of the car and have a
multiplied effect on the growth of wiper systems market.
Further,
the continued effort on research and development of the product to incorporate
technically advanced systems and sensors on the wiper system is broadening the
application and base of the wiper system market.
Market Restraints
Sometimes
the wiper systems do not function properly and is incapable of removing debris
from the front window of the vehicle. In such a situation, windshield washer
systems are used which is severely threatening the growth of this market.
The
scarcity of generalized contract for the development and production of the
wiper system is hindering the growth potentials of this market.
From
the production point of view, the creation of wiper systems calls for the use
of highly skilled labor. The aesthetic pleasure derived from these products
involves the complexity in the product designing. These factors are hampering
the wiper system market from further development.
The
cost of production of automatic wiper system that would have rain detecting
sensors is extravagant and also these sensors sometimes result in false
detection of the rain. These are some of the stumbling blocks of the wiper
system market.
Opportunities
The
rising demand for electric vehicles, passenger cars especially in developing
and underdeveloped economies because of economic development in these economies
coupled with the flourishing and prospecting automotive industry and
skyrocketing population is likely to be a great opportunity for this market.
The
growing demand for smart automobile components and the employment of sensors in
the wiper market are assumed to provide better scopes for this market. Also,
the implementation of rear motors and rear wipers is a better set of
circumstances for this market.
Trends
At
present North America and Europe have dominant positions in the wiper system
market. Some of the leading automobile component producers like Trico and
Robert Bosch are located in these regions. The Asia-Pacific region is projected
to experience accelerated growth in the wiper market during the forecast
period. Such progress can be traced back to the GDP growth that increases the
purchasing power of the population, growing youth population and the
interaction of both on the developing automobile industry. Asia-Pacific is
followed by the Europe market in terms of growth estimation in the forecast
period. Such progress is a result of the presence of key manufacturers in the region
that serve both the regional and international market. The incentive of product
design by the leading manufacturers of this market is also a determining
factor. The application of wiper system is likely to be more prospecting in the
passenger car sector than in the commercial vehicle sector owing to the rising
purchasing power and the growing automotive industry.
Segment Covered:
This market
intelligence report on the global Wiper Systems Market encompasses market segments based on technology type, vehicle
type, wiper blade type, and country.
By
Technology Type the global Wiper Systems Market has been divided into:
q Traditional Wiper System
q Rain Sensing Wiper System
By Vehicle Type the global Wiper
Systems Market has been divided into:
q Commercial Vehicles
q Passenger Cars
By
Wiper Blade Type the global Wiper Systems Market has been divided into:
q Hybrid Wiper
q Beam Wiper
q Standard Wiper
By country/region,
the global Wiper Systems Market has been divided into:
q North
America (the U.S., Canada),
q Latin
America (Brazil, Mexico, Argentina and other countries),
q Europe
(Germany, France, the U.K., Spain, Italy, Russia, and other countries),
q Asia
Pacific (India, Japan, China, Australia and New Zealand and other countries),
q Middle
East and Africa (GCC, South Africa, Israel and Other countries).
Profiling of Market
Players:
This business
intelligence report offers profiling of reputed companies that are operating in
the market. Companies such as:
q WEXCO
Industries, Inc
q PMP
Auto Components Private Limited
q Trico
Products
q ASMO
Co., Ltd
q Mitsuba
Corporation
q Robert Bosch GmBH
q DOGA SA
q DENSO Corporation
q Valeo
q Am Equipment
q Pilot Automotive
others have been
profiled into detail so as to offer a glimpse of the market leaders. Moreover,
parameters such as Wiper Systems Market related investment & spending and developments by
major players of the market are tracked in this global report.
Report Highlights:
In-depth
analysis of the micro and macro indicators, market trends, and forecasts of
demand is offered by this business intelligence report. Furthermore, the report
offers a vivid picture of the factors that are steering and restraining the
growth of this market across all geographical segments. In addition to that, IGR-Growth
Matrix analysis is also provided in the report so as to share insight of the
investment areas that new or existing market players can take into consideration.
Various analytical tools such as DRO analysis, Porter's five forces analysis
has been used in this report to present a clear picture of the market. The
study focuses on the present market trends and provides market forecast from
the year 2020-2028. Emerging trends that would shape the market demand in the
years to come have been highlighted in this report. A competitive analysis in
each of the geographical segments gives an insight into market share of the
global players.
Few Recent Developments
DENSO Corporation
Nippon Wiper
Blade Co Ltd., an auxiliary of DENSO Corporation collaborated with Asahi
Manufacturing Co. Ltd., which is also a segment of DENSO Corporation that
specializes as DENSO Wiper Systems, Inc on July 2019.
Valeo
Valeo has
recently inaugurated a brand-new research and development wing in Smart
Village, Cairo. This extension is the largest R&D facility in the country.
The company is organizing advanced wiper systems that is likely to highly
influence the automotive wiper motor market.
Magneti Marelli
The leading
players of the automotive wiper market Magneti Marelli and Calsonic Kansei had
a forethought of merging to initiate a well-known and liberated component
provider for Automobiles. The new company would be named as Magneti Marelli CK
Holdings that would expand the product quality and range and create new
prospects for the automotive wiper market.
Salient Features:
Ø
This study offers
comprehensive yet detailed analysis of the Wiper
Systems Market, size of the
market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of
forecast: 2020-2028, taking into account 2019 as the base year
Ø
It explains upcoming
revenue opportunities across various market segments and attractive matrix of
investment proposition for the said market
Ø
This market
intelligence report also offers pivotal insights about various market opportunities,
restraints, drivers, competitive market strategies of leading market players,
emerging market trends, and regional outlook
Ø
Profiling of
key market players in the world Wiper Systems Market is done by
taking into account various parameters such as company strategies, distribution
strategies, product portfolio, financial performance, key developments,
geographical presence, and company overview
Ø
The data of
this report would allow management authorities and marketers of companies alike
to take informed decision when it comes to launch of Type of models, government
initiatives, marketing tactics and expansion, and technical up gradation
Ø
The world
market for Wiper Systems caters to the needs of various stakeholders pertaining to this
industry, namely suppliers, manufacturers, investors, and distributors for Wiper
Systems Market. The research
also caters to the rising needs of consulting and research firms, financial
analysts, and new market entrants
Ø
Research
methodologies that have been adopted for the purpose of this study have been
clearly elaborated so as to facilitate better understanding of the reports
Ø
Reports have
been made based on the guidelines as mandated by General Data Protection
Regulation
Ø
Ample number
of examples and case studies have been taken into consideration before coming
to a conclusion
Reasons to buy:
v
Identify
opportunities and plan strategies by having a strong understanding of the investment
opportunities in the Wiper Systems Market
v
Identification
of key factors driving investment opportunities in the Wiper Systems
Market
v
Facilitate
decision-making based on strong historic and forecast data
v
Position
yourself to gain the maximum advantage of the industry’s growth potential
v
Develop
strategies based on the latest regulatory events
v
Identify key
partners and business development avenues
v
Respond to
your competitors’ business structure, strategy and prospects
v
Identify key
strengths and weaknesses of important market participants