Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 7.92 Billion | USD 12.45 Billion | 4.6% | 2023 |
The global Wiper System market size was worth around USD 7.92 billion in 2023 and is predicted to grow to around USD 12.45 billion by 2032 with a compound annual growth rate (CAGR) of roughly 4.6% between 2024 and 2032.
The study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD billion). The report covers a forecast and an analysis of the Wiper System market on a global and regional level.
A wiper system is an electro-mechanical equipment that is utilized in vehicles for removing rain, ice, debris, and snow from windshields or windscreens. It is necessary for every vehicle such as cars, watercraft with a cabin, trucks, train locomotives, and aircraft. Apart from this, different kinds of wipers are utilized in motor automotive including sequential sweep, mono-blade, left or right-hand drive, pantograph system, and dual windscreen systems. There are generally two kinds of wiper systems such as conventional systems and rain-sensing systems.
The surge in vehicle production owing to an increase in the per capita income will foster the expansion of the wiper system industry over the forecast timeline. Massive demand for Do-It-Yourself deployment of wiper systems will produce new growth avenues for the wiper system market over the assessment timeline. Apparently, the thriving eCommerce industry will steer the expansion of the wiper system business in the forthcoming years.
In addition to this, an upswing in demand for rain-sensing wipers will translate into humungous growth of the wiper system market in the years to come. Nonetheless, the lack of standard protocols for producing automotive wiper systems, huge automatic wiper costs, and dysfunction of automatic wiper systems will pose a threat to the expansion of the wiper system industry over the assessment period.
Moreover, large-scale production of vehicles in emerging economies such as India and China will generate new horizons of growth for the wiper system industry over the forecast period. In addition to this, massive demand for passenger cars along with the cost-effective as well as time-savvy deployment mode of wiper systems will culminate into humungous growth of the wiper system industry over the forecast timeline.
The global wiper system market is bifurcated on the basis of component, technology, wiper blade type, vehicle type, and regional analysis.
Based on technology, the market is divided into rain-sensing and conventional.
Based on the wiper blade type, the market is divided into beam wiper, standard wiper, and hybrid wiper.
Based on the component, the market is divided into wiper motor, windshield wiper, and rain sensor.
Based on the vehicle type, the market is divided into commercial vehicles and passenger vehicles.
Report Attributes | Report Details |
---|---|
Report Name | Wiper System Market |
Market Size in 2023 | USD 7.92 Billion |
Market Forecast in 2032 | USD 12.45 Billion |
Growth Rate | CAGR of 4.6% |
Number of Pages | 110 |
Key Companies Covered | Nippon Wiper Blade Co., Ltd., DENSO Corporation, Magneti Marelli S.p.A, Robert Bosch GmbH, Federal Mogul Motorparts LLC., Am Equipment, Valeo, DOGA SA, Mitsuba Corp., HELLA GmbH & Co. KGaA, Pilot Automotive, and B. Hepworth and Company Limited |
Segments Covered | By technology, By wiper blade type, By Component, By vehicle type, Regional Analysis |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 to 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America To Dominate Overall Market Size By 2032
The regional market dominance over the forecast timeline can be attributed to the presence of major vehicle part producers such as Trico and Robert Bosch GmbH. Furthermore, these brand names offer a large number of items including motors, blades, and linkages. Countries such as Canada and the U.S. are anticipated to be the major regional revenue drivers in the ensuing years.
Key participants profiled in the study include:
By technology:
By wiper blade type:
By component:
Windshield Wiper
Wiper Motor
By vehicle type:
FrequentlyAsked Questions
Key factors driving the Wiper System Market growth include the increasing demand for vehicles, growing safety regulations requiring efficient visibility in adverse weather conditions, and advancements in wiper technology such as rain-sensing and automatic wiper systems.
According to study, the Wiper System Market size was worth around USD 7.92 billion in 2023 and is predicted to grow to around USD 12.45 billion by 2032, is set to grow at a CAGR of nearly 4.6% during 2024-2032.
North America has been leading the Wiper System Market and is anticipated to continue on the dominant position in the years to come.
The key players profiled in the report include Nippon Wiper Blade Co., Ltd., DENSO Corporation, Magneti Marelli S.p.A, Robert Bosch GmbH, Federal Mogul Motorparts LLC., Am Equipment, Valeo, DOGA SA, Mitsuba Corp., HELLA GmbH & Co. KGaA, Pilot Automotive, and B. Hepworth and Company Limited.
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