The global automotive wipers market is projected to reach a value of USD 4.31 billion by the year 2028, exhibiting a Compound Annual Growth Rate (CAGR) of approximately 7.40%. This growth is primarily driven by the increasing sales and production of automobiles worldwide. The market report takes into account various factors such as size, share, trends, demand, growth, gross profits, earnings, and revenue of the industry to assess its future rise. It analyzes data from previous years, specifically 2016 and 2017, with 2018 as the base year to provide a comprehensive overview of industry trends and predict potential growth between 2020 and 2028.
An automotive wiper, also known as a windscreen or windshield wiper, is a device designed to prevent the accumulation of external elements such as rain, water, snow, ice, and debris on a vehicle’s windscreen by oscillating back and forth across it. It consists of a metal arm hinged at one end and a long rubber blade at the other end. Automotive wipers are found in almost all motor vehicles, including cars, trucks, and watercraft vehicles.
The increasing consumer preference for SUVs, hatchbacks, and crossovers, along with the rising adoption of rear wipers even in entry-level cars, has led to a higher demand for automotive wipers. This trend contributes to the growth of the automotive wipers market. Additionally, the growing number of second-hand vehicles and the recycling of wipers are other factors driving the expansion of the market.
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global automotive wipers market is expected to witness a steady rise in the forecast years, as indicated by the analysis conducted in this study. The report covers a wide range of factors that have a significant impact on the revenue of businesses operating in this industry worldwide. By considering these factors, the study provides valuable insights into the market dynamics and growth opportunities.
In addition to analyzing the market drivers, trends, and demand, the report profiles key companies that hold a substantial share in the global automotive wipers market. These companies play a crucial role in shaping the industry and driving its growth. These profiles provide insights into their market strategies, product offerings, financial performance, and competitive positioning.
The report also provides a geographical analysis, covering key regions such as North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. This mapping of regions helps in understanding the regional dynamics and identifying opportunities for market growth in specific areas.
Furthermore, the competitive analysis included in the report offers a comprehensive understanding of the individual standing of the companies within the global automotive wipers market. It helps in assessing their strengths, weaknesses, opportunities, and threats in comparison to other market players.
Lastly, the forecast presented in the report provides estimated trends in demand for automotive wipers and their potential impact on businesses. This information can be valuable for industry participants, stakeholders, and investors to make informed decisions and formulate effective strategies.
Overall, this detailed report on the global automotive wipers market provides a comprehensive analysis of the industry, covering various factors that influence its growth and the key players operating in the market.
Major Regions Highlighted in the Global Automotive Wipers Market Report:
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Top Companies Profiled in the Report:
Valeo, TRICO, Robert Bosch GmbH, MITSUBA Corp., AM Equipment, B Hepworth and Co. Ltd., DENSO Corporation, Federal-Mogul, Magneti Marelli, Pilot Automotive, ACDelco, and MABUCHI MOTOR Co. Ltd, among others.
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