ID: MRFR/AM/6028-HCR | 100 Pages | Author: Swapnil Palwe | June 2023
Automotive Wiper System Market Size is expected to cross USD $ 5.5 billion by 2030 at a CAGR of 4.3% during the forecast period 2022-2030
$ 5.5 billion
4.3%
Asia-Pacific
2022-2030
The automotive wiper system market is projected to register a CAGR of 4.3% from 2022 to 2030. Wipers are a fundamental component of any vehicle. They perform the crucial task of clearing snow, ice, and other debris from a car's windshield. The automotive wiper system market size is expected to reach approximately USD 5.5 billion by 2030. An automotive wiper is typically either pneumatically or electrically driven. Automotive wipers are a standard feature on all motor vehicles, such as automobiles, trucks, railroad locomotives, boats, and more. The use of raingear wiper systems is expected to support industry growth because it improves vehicle safety by reducing driver attention caused by manual wiper operation in bad weather. The sales growth and manufacturing of automobiles ly, the rising use of rear wipers in SUVs, the rising disposable income in nations such as India and China, and the rising need for driver and vehicle safety are the main reasons propelling the expansion of this market.
The automobile market and many other industries, including chemicals, steel, textiles, etc., significantly influence the economy's status. Pandemics have caused them to shut down, though, and this has had a big effect on the automobile sector. The car sector has seen the most challenges due to the COVID-19 outbreak. Many companies claim that the spread of COVID-19 will result in interruptions in the supply of parts from many different countries, which would then have an impact on their production schedules. Numerous countries' ongoing COVID-19 issues have a negative impact on the delivery of many components to businesses' production facilities.
The expanding number of manufacturers combining simple and inexpensive wiper components to defend against uneven weathering and the increased emphasis by customers and automotive OEMs on vehicle and driver safety are driving the expansion of this market. Growing vehicle sales and production throughout the world, increased acceptance of rear wipers in SUVs, rising disposable income in countries like China and India, and rising demand for vehicle and driver safety are the primary drivers driving the growth of this market. The absence of common procedures for developing automobile wiper systems, a shortage of qualified drivers, and the complicated architecture of the system are considered major impediments to the market's growth. However, rising demand for electric vehicles, a growing population, and improving economies in emerging markets provide ample opportunity for this market to grow in the years to come.
Due to rising urbanization rates on all continents, the automobile sector is now on the ascent. economies are undergoing significant transitions right now. All sectors, including the automobile industry, are undergoing significant change due to digitization, cutting-edge technology, and creative business models. Electrification, autonomous driving, diverse mobility, and connectivity are the four disruptive themes in automobile production, propelling the sector's evolution over the coming ten years.
Increased consumer demand and workforce shortages have only made this issue worse. Prices are rising due to the shortage of some commodities and the rising cost of transportation. The pay at certain trucking firms is so low that the hardships endured by the drivers are no longer worthwhile. The system's complicated architecture and a shortage of trained drivers are the main obstacles limiting this expansion of the market industry.
Significant expansion of electric cars is anticipated due to rising demand brought on by tighter environmental regulations for autos. The majority of automakers are aiming to increase the electric car's range. Due to rising consumer desire for fuel-efficient, high-performing, and low-emission automobiles and tight government emission restrictions, the market growth is driven by the surging acceptance of electric vehicles.
Based on arm type the market is segmented into synchronized radial arm and pantograph arm. The synchronized radial arm category dominated in 2021 due to its increased adoption by most vehicles.
Based on motor type, the market is divided into stepper, brush, and brushless motors. There is comparatively less development potential for brushed DC motor shipments, even though brush motors make up most of the motors used in automotive applications. On the other hand, the usage of DC brushless motors has been expanding quickly in recent years. It is currently being employed in relatively novel applications for electric motors in automobile applications. The rising number of automobiles that need more motors is the main factor driving the expansion of both brushless and brush motors.
The automotive wiper system market segmentation, based on vehicle type, is divided into passenger car and commercial vehicle. The automotive wiper system market growth was prominently high under the passenger car category in 2021. The requirement for automotive wipers is rapidly increasing as a result of the growth in the production and sales of passenger automobiles. The need for passenger automobiles is being driven by an increasing requirement for commuting to work and by businesses allowing employees the ease of traveling to their offices.
Based on propulsion the market is segmented into synchronized ICE and electric vehicle. The electric vehicle category dominated in 2021 due to its increased adoption due to rising awareness among consumers about the environment and the implementation of various government initiatives.
The automotive wiper system market segmentation, based on sales channel, is OEM and aftermarket. The necessity for ongoing maintenance and repair for many vehicle components, including shock absorbers, spark plugs, the main body, gears, wipers, and tires, among others, is ascribed to the rise in worldwide car ownership. The Asian, North American, and European markets provide the largest development potential for aftermarket suppliers.
Global Automotive Wiper System Market Share, by Region, 2021 (%)
By region, the automotive wiper system market has been divided into North America, Europe, Asia-Pacific, and the Rest of the World. In 2021, Asia Pacific dominated the market with the highest revenue share. North America is expected to grow at the highest CAGR over the forecast period.
In 2021, the Asia Pacific dominated the market. The pattern will continue, and the area is anticipated to develop strength throughout the projection period. Toyota, the biggest automaker in the world, has its headquarters here. Honda, Nissan, Hyundai, and Suzuki are well-known automakers with regional headquarters. The two most important development drivers for most of the Asia Pacific emerging economies, including China, Malaysia, India, and other growing economies in Southeast Asia, have been extremely aspirational consumers and rapid GDP growth.
North America is anticipated to grow significantly over the forecast period. The region's demand for automobile wipers has been positively impacted by an improved standard of living and increased disposable income. These elements are anticipated to fuel the market for automotive wipers system in the following years. Moreover, the growing population in the nation will also support the industry in the coming years.
The market includes tier-1, tier-2, and local players. The tier-1 and tier-2 players have reach with diverse product portfolios. Companies such as Valeo S.A., Robert Bosch GmbH, and DOGA Automotive dominate the market due to product differentiation, financial stability, strategic developments, and diversified regional presence. The players are concentrating on supporting research and development. Furthermore, they embrace strategic growth initiatives, such as development, product introduction, joint ventures, and partnerships, to strengthen their market position and capture an extensive customer base.
Prominent players in the automotive wiper system market research include Valeo S.A., Robert Bosch GmbH, DOGA Automotive, WAI , Magneti Marelli, DENSO Corporation, Pilot Automotive, Am Automotive, B. Hepworth & Company Limited, and Mitsuba Corp.
The objectives of the study are summarized in 5 stages. They are as mentioned below:
To identify and estimate the market size for the automotive wiper system market report segmented by arm type, motor type, vehicle type, propulsion, and sales channel by value (in US dollars). Also, to understand the consumption/ demand created by consumers of the automotive wiper system market forecast between 2022 and 2030
To identify the automotive wiper system market growth and infer the drivers, restraints, opportunities, and challenges.
To find out the factors which are affecting the automotive wiper system market size
To identify and understand the various factors involved in the market affected by the pandemic
To provide a detailed insight into the major companies operating in the market. The profiling will include the financial health of the company in the past 2-3 years with segmental and regional revenue breakup, product offering, recent developments, SWOT analysis, and key strategies.
Report Attribute/Metric | Details |
Market Size | 2030: USD 5.5 billion |
CAGR | 4.3% CAGR (2021-2030) |
Base year | 2021 |
Forecast Period | 2022-2030 |
Historical Data | 2020 |
Forecast Units | Value (USD Billion) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | Arm Type, Motor Type, Vehicle Type, Propulsion |
Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
Key Vendors | Valeo S.A., Robert Bosch GmbH, DOGA Automotive, WAI , Magneti Marelli, DENSO Corporation, Pilot Automotive, Am Automotive, B. Hepworth & Company Limited, and Mitsuba Corp. |
Key Market Opportunities | Rise in Interest in Electric Vehicles on a Worldwide Scale |
Key Market Drivers | Automotive Production is Increasing globally |
The  automotive wiper system market forecast period is 2022 - 2030
The market is expected to register a CAGR of ~4.3% over the next 10 years, according to the  automotive wiper system market research.
North America is expected to register the highest CAGR during 2022 - 2030
Asia Pacific held the largest share in 2021
The market size is expected to be USD 5.5 billion by 2030.
Valeo S.A., Robert Bosch GmbH, DOGA Automotive, WAI , Magneti Marelli, DENSO Corporation are the major companies operating in the market.
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