Wiper System Market to be Worth US$ 58.23 Billion by 2026 - Transparency Market Research

News provided by

Apr 13, 2018, 08:00 ET

ALBANY, New York, April 13, 2018 /PRNewswire/ --

According to a new market report published by Transparency Market Research "Wiper System Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 - 2026", the global differential market for automotive is expected to expand at a CAGR of more than 5%, during the forecast period, to reach US$ 58 Bn by 2026.

(Logo: https://mma.prnewswire.com/media/664869/Transparency_Market_Research_Logo.jpg )

The global wiper system market is estimated to expand at a CAGR of more than 5% between 2018 and 2026, according to a new research report by Transparency Market Research (TMR). Rise in vehicle production owing to the expansion of world economy is boosting the market demand of the wiper systems. Asia Pacific is estimated to lead the global market with a value of US$ 30 Bn.

Brochure Download for Industry Insights at https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=42554

The market is estimated to expand at a steady pace due to the mandatory requirement of the wiper system and no feasible replacement solutions. Rise in demand for SUVs, crossovers, and hatchbacks is estimated to propel the demand for rear wipers, which in turn is expected to drive the wiper systems market in the near future. SUVs accounted for 34% of total vehicle sales in China in 2017. Rising domestic demand has propelled the production of SUVs in China, thereby driving the market in Asia Pacific.

Europe being a prominent manufacturers of luxury cars and the region has exhibited great consumer interest in rain sensing technology. Europe has highest penetration of the luxury cars and is the most attractive market for the rain sensing wiper system. High disposable income and demand for driver convenience features are driving the rain sensing technology segment of the market in Europe. Rise in vehicle production in the countries in Rest of Europe, such as the Czech Republic and Slovakia, is further boosting the wiper system market in Europe.

Get Report TOC at https://www.transparencymarketresearch.com/report-toc/42554

The global wiper system market can be classified based on technology, wiper blade type, and component. In terms of technology, the wiper system market can be classified into two segments. The rain-sensing segment is expected to expand at a significant growth rate due to the rising demand for convenience features and luxury. Further development and rise in demand for rain-sensing wiper systems are likely to decrease the price of rain-sensing wiper systems, which in turn is anticipated to boost its penetration in the market.

Based on wiper blade type, the wiper system market can be segmented into three wiper blade segments. The beam blade segment accounts for a prominent share of the market, and the trend is expected to continue during the forecast period owing to the effective cleansing of beam blades and their superior aesthetic appearance.

Request a Sample PDF at https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=42554

In terms of component type, the wiper system can be classified into three prominent components. Windshield wiper and wiper motor are the two leading segments. Rise in the production of SUVs and crossovers has fueled the demand for rear wipers and motors. The usage of two individual wiper motors for the front windshield in order to obtain effective cleaning is gaining in popularity. Utilization of such dual motor technology is anticipated to boost the wiper motor segment of the market.

Based on aftermarket component, the market can be classified into three component segments. The windshield wiper segment leads the market, in terms of volume, as the component experiences wear and tear. The necessity of periodic replacement of the windshield wiper is a key driver of the aftermarket industry.

Get a Custom Research Report at https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=42554

In terms of vehicle, the wiper system market can be classified into passenger vehicle and commercial vehicle. In terms of revenue, the passenger vehicle segment dominated the market and is expected to maintain its dominant position in the market by the end of the forecast period. Rise in the production of commercial vehicles in Latin America due to investments by Daimler AG, Ford, and Volvo is expected to boost the wiper system market in the region.

Based on region, the global wiper system market can be segment into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Key players operating in the global market include Robert Bosch GmbH, DENSO Corporation, Valeo, Federal Mogul Motorparts LLC., HELLA GmbH & Co. KGaA, DOGA SA, Nippon Wiper Blade Co., Ltd., Pilot Automotive, Am Equipment, Mitsuba Corp., B. Hepworth and Company Limited, and Magneti Marelli S.p.A.

Browse Research Release at https://www.transparencymarketresearch.com/pressrelease/wiper-system-market.htm

The global differential market for automotive is segmented as follows:

Global Wiper System Market, by Technology Type
- Conventional Wiper System
- Rain Sensing Wiper System
Global Wiper System Market, by Wiper Blade Type
- Standard Blade Wiper System
- Hybrid Blade Wiper System
- Beam Blade Wiper System
Global Wiper System Market, by Component Type
- Windshield Wiper
- Wiper Motor
- Rain Sensor
Global Wiper System Market, by Vehicle Type
- Passenger Vehicle
Commercial Vehicle Global Wiper System Market, by Aftermarket Component
- Windshield Wiper
- Wiper Motor
- Rain Sensor

Popular Research Reports by TMR:

Automotive Blind Spot Detection Market:https://www.transparencymarketresearch.com/automotive-blind-spot-detection-systems-market.html
Automotive Gasket and Seal Market: https://www.transparencymarketresearch.com/automotive-gasket-seal-market.html

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR's data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Contact
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: [email protected]