Global Automotive Wiper System Market is expected to witness significant growth during the forecast period
Market Research Future published a Half Cooked Research Report Global Automotive Wiper SystemMarket that contains the information from 2018 to 2023. The Global Automotive Wiper System Market is expected to progress with the CAGR of ~5.6% from 2018 to 2023.
Taste the market data and market information presented through more than 100 market data tables and figures spread in 88 numbers of pages of the project report. Avail the in-depth table of content & market synopsis on “Global Automotive Wiper System Market Information from 2018 to 2023″
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The wiper system is considered as one of the important systems of an automobiles. The wiper system is powered by an electric motor through a series of mechanical components. However, in case of vehicles with air break operated use pneumatic wipers. These wipers are operated by opening a valve which allows pressurized air to enter the motor. The various automobiles use two synchronized radial type arms, while commercial vehicles use one or more pantograph arms. To enhance safety and better driving experience the wiper system manufacturers and automotive OEMs working together for improving and developing the simple and economical wiper systems to protect the windscreen from uneven weathering.
The major key driving factor for the growth of this market is growing demand for advanced safety, convenience, and comfort systems. Furthermore, rise in demand for electric vehicle is set to drive the global automotive wiper system market. The growing adoption of stepper motor-based wiper system in passenger vehicles will further boost the growth of this market.
The technological advancements in automotive wiper system device and improving economies from developing regions such as India, Agentina, Brazil, and UAE, are providing growth opportunities for the expansion of this market.
Increased investments in new product development will enable strategic mergers and acquisitions of small startup companies in this market, which will further enhance the global market during the forecast period. However, the major restraints for the global automotive wiper system market is increasing cost of the vehicle due to increasing R & D cost to design wiper system as per the dimensions required by OEMs.
The global Automotive Wiper System Market is estimated to witness ~5.6% CAGR during the period from 2018 to 2023.
The global automotive wiper system market is segmented on the basis of arm type, motor type, application, vehicle type, propulsion, and region. On the basis of arm type, the market has been segmented into synchronized radial arm and pantograph arm. On the basis of motor type, the market has been segmented into stepper and brush and brushless motors. On the basis of vehicle type, the market has been segmented into passenger car and commercial vehicle. On the basis of propulsion, the market has been segmented into ICE and electric vehicle. On the basis of sales channel, the market has been segmented into OEM and Aftermarket.
Segmentation based on arm type, the pantograph arm segment is projected to witness a higher growth during the study period. This growth is attributed to the growing adoption of safety solutions and increasing commercial vehicles sales across the globe.
Segmentation based on motor type, the stepper motor segment is projected to witness faster growth during the review period. The growing uses in premium and luxury vehicles and increasing sale of SUVs and premium vehicle is likely to drive the growth of this segment in global automotive wiper system market.
Segmentation based on vehicle type, the passenger car segment is projected to hold the larger share in the automotive wiper system market from 2018 to 2023. This growth is attributed due to growing uses of premium vehicles from emerging nations.
The prominent players in the global automotive wiper system include Valeo S.A. (France), Robert Bosch GmbH (Germany), DOGA Automotive (Spain), WAI Global (US), Magneti Marelli (Italy), DENSO Corporation (Japan), Pilot Automotive (US), Am Automotive (US), B. Hepworth and Company Limited (UK), and Mitsuba Corp. (Japan).
This research report provides insights into various levels of analysis, such as industry analysis and market share analysis for the leading industry competitors, along with their profiles. It also helps in studying the target segments by providing views on the emerging & high-growth segments. The market data comprises the necessary assessment of the competitive scenarios and strategies in the global automotive wiper system market, including high-growth regions and/or countries, and political and economic environments. The project report further provides both – historical market values and pricing & cost analysis.