Global Automotive Windshield Washer System Market Size, Trends & Forecast (2019 - 2026)
The Global Automotive Windshield Washer System Market is expected to cross USD 25.2 billion by 2026, growing at a CAGR of approximately 5.76% during the forecast period of 2019 - 2026.
The automotive windshield washer mechanism is gaining ground with the increasing need for safety and maintains the proper view. In cold countries, where there is a continuous snowfall during winter, it is essential to have a proper windshield wiping system to avoid any unexpected consequences. A proper wiping system prevents accidents by cleaning the dirt, snow and other particles from the vehicle's windshield.
Growth Drivers
The advancements in technology coupled with the increasing investments from the automotive manufacturers around the world are primarily driving the growth of the global automotive windshield washer system market. The innovations in the products, the increasing number of passenger cars, growing demand for effective wiping systems in cold and developed countries, rise in the disposable income of the population, and various initiatives by the market giants like Mercedes Benz, BMW, Audi, and others are also supporting the rapid boom of the market across the globe.
Furthermore, the increasing availability of do-it-yourself (DIY) products and the growth in online sales is also accelerating market growth. The growing concerns for vehicle maintenance, installation of wipers with additional features such as defrost or heating, and other technological advances are also among the main drivers of the market in recent years.
Key Challenges
On the contrary, there are arguments that windshield wipers can obstruct the view, resulting in some serious damages. This is expected to pull the market to some extent. The expenses involved in the set-up of advanced automotive windshield wiping systems are also expected to restrict the market boom in the coming years. The intense market competition is also foreseen to limit the profit share among a few leading manufacturers.
Opportunities
Moreover, several new innovations like the use of high-frequency sound waves to oppose dirt, snow, water and other particles along with the introduction of novel products from various companies are supposed to drive the market sales in the coming years. The strict government regulations to maintain road safety and other policies by the vehicle manufacturers are expected to create attractive opportunities for the automotive windshield washer systems market in the future.
Global Automotive Windshield Washer System Market includes the below Segmentation as per Research Report:
Automotive Windshield Washer System Market - By Technology
Based on technology, the electrical segment will register the highest revenue in the years ahead compared to the mechanical segment.
Automotive Windshield Washer System Market - By Sales Channel
Based on the sales channel, OEM is the highest revenue contributing a segment of the market, whereas, the aftermarket is expected to register the inclining CAGR till 2026.
Automotive Windshield Washer System Market - By Region
- North America
- Europe
- Middle East and Africa
- Latin America
- Asia Pacific
Regionally, Asia Pacific is the leading contributor to the world market in the previous years and is expected to continue its domination in the future, accounting for almost one-third of the total market share. The sales of these automotive windshield washer systems are expected to increase higher in Latin America compared to North America and Europe.
Some of the key players in the Global Automotive Windshield Washer System Market are:
- Mitsuba Corporation
- ASMO CO., LTD
- Denso Corporation
- Exo-S
- Kautex Textron GmbH & Co. KG
- HELLA KGaA Hueck & Co
- Mergon Group
- Doga S. A.
- Continental AG
- Trico Products Corporation
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