According to Future Market Insights (FMI), the global market for automotive wiper blades is expected to increase from US$ 4.71 billion in 2022 to US$ 8.4 billion by 2032, at a compound annual growth rate (CAGR) of 5.9%.
Some of the major drivers propelling growth in the worldwide automotive wiper blades market include increasing passenger car production and sales, rising demand for wiper blades from ageing vehicles, and advancements in wiper technology.
The increasing global production of cars is one of the key factors driving the automotive wiper blades industry. The spike in middle-class vehicle ownership over the years has been a result of rising disposable income and changing lifestyles, and this trend is projected to continue during the projection period.
Automobile producers are expanding their production capabilities in order to satisfy this car demand, which is opening up prospects for the automotive wiper blades market to expand.
Similar to this, an important factor driving the market for car wiper blades is the growing prevalence of rear wiper blade systems in low-end vehicles. Previously only found in SUVs, rear wiper blades are now frequently found in hatchbacks and SUVs.
It is projected that the market for automobile wiper blades would expand quickly throughout the time of forecasting. To increase their consumer base, producers are incorporating more simple and affordable wiper blade components.
Key Player :
Denso Corporation, Valeo SA, DRiV Incorporated, TRICO Products Corp., Robert Bosch GmbH, Continental AG, Mitsuba Corporation, Doga, SA, ITW, Hella KGaA Hueck & Co., Tokai Riki Co., Ltd., Xiong Shun Automobile Material Co., Ltd., Fu-Gang Co., Ltd., PSV Wipers Limited, ACDelco, Cap Co., Ltd. (CAPCO), WEXCO Industries Inc., Tex Automotive Ltd, Syndicate Wiper Systems (P) Ltd., Korea Wiper Blade, KB Wiper Systems, Pilot Automotive, and Heyner GmbH.