Wiper Systems Market Overview:
The Wiper Systems Market was valued at USD 9.5 Billion in 2021, at a CAGR of 6.2% during the forecast period (2022-2030), and the Market is projected to be worth USD 16.3 Billion by 2030.
The increasing automobile production and the necessity for rear-wiper systems in the low-end car segment are expected to drive industry growth. The wiper system of a vehicle is an integrated system that is used to remove snow, debris, rain, and ice from a windshield or windscreen. It affects the safety of the vehicle and the passenger and greatly influences the visibility and is an essential requirement in each automobile and is further accelerating the demand for these products. Rising disposable income increases the purchasing power of consumers and is projected to expand the wiper system market over the foreseen years. Also, the upswing in the call for rain-sensing wipers and the technological advancements in the wiper system is anticipated to fuel the market in the future years.
The use of rain-sensing wiper systems is expected to drive growth in the industry as it improves vehicle safety by preventing drivers from manually operating the wipers in bad weather. The launch of these products is expected to further boost the growth of the industry during the forecast period. Factors such as increasing adoption of wiper systems that sense rain over conventional wiper systems, rising demand for passenger cars, and investment in self-driving are considered the major factors driving the growth of the wiper systems market. Increased advancements to windshield wipers along with keen vehicle concerns regarding driver and vehicle safety are also likely to contribute to future market growth. In addition, the sprouting integration of electronic components in the automotive industry, increasing adoption of bar blade wiper systems, and technological advances toward smart sensors will continue to fuel the market during the projected period.
- Enriched lifestyle, increase in income, and changing preference of customer has increased the sales of premium cars and in turn, support the growth of the wiper systems market.
- Increasing industrialization and urbanization play a major role in boosting the demand for vehicles and hence, propelling the growth of the market.
- Rising concerns about driver and vehicle safety and growing advancement for windshield wipers are significantly expanding the market growth.
- The enormous demand for tourist cars along with the time-saving and economical distribution mode of wiper systems will terminate in the immense growth of the wiper system industry over the forecast timeline.
The high cost of manufacturing automatic wipers restricts the growth of the industry along with the malfunctioning of these wipers. Moreover, factors such as inadequacy of standard protocols for the improvement of automotive wipers system, complicated design of the system, and lack of skilled car driver are the major factor that hinders the growth of the wiper system market.
The growing demand for DIY (do-it-yourself) installation of wiper systems in automobiles is expected to provide lucrative opportunities for the growth of the market. In addition, the prevalence of e-commerce will make available DIY systems that permit the consumer to install the system using the installation kit, which includes user manuals and tools to assemble the final system. This type of accession is time-saving and inexpensive which opens vast opportunities for the growth of the market.
The advent of COVID-19 has completely re-framed the market and severely impacted the economy worldwide as it is majorly dependent on automotive industries. The sudden announcement of the nationwide lockdown has imposed a lot of pressure on the wiper systems market factories. The market has experienced a gap between supply and demand as production stopped during the crisis and this supply chain disruption harmed the market. Each worker in the company has suffered due to the pandemic as there are jobs and salary cuts by the companies. However, the sales were obstructed during the first quarter of the pandemic but in the fourth quarter the sales went up gradually and the market witnessed a V-shaped recovery during the post-pandemic period. However, the circumstances have stabilized and as a result, it is determined that COVID-19’s overall impact on the industry is moderate. Post covid-19, there was a positive impact on market growth due to the growing rate of urbanization and industrialization.
Wiper Systems Market Report Coverage:
|Report Attributes||Report Details|
|Market Size in 2030 (USD Billion)||16.3 Billion|
|By Type||Traditional Wiper System & Rain Sensing Wiper System|
|By Wiper Blade||Standard Wiper, Beam Wiper, Hybrid Wiper|
|By Application||Passenger Cars & Commercial Vehicles|
|By Geography||North America, Europe, Asia Pacific
Latin America, the Middle East, and Africa
|Key Players||ASMO Co., Denso, Johnson Electric, Bosch, Smurfit Kappa Group, Federal-Mogul, TRICO Products, Mitsuba, Syndicate Wiper Systems, Trico Products
The type segment is divided into traditional wiper systems & rain-sensing wiper systems. The traditional wiper system segment is estimated to contribute the largest revenue share during the forecast period and is expected to grow at a CAGR of 4.8% from 2018 to 2025. Low prices for reparation & sustainment and several design improvements have led to the installation of these products across most of the car segments. The easy availability of raw materials such as aluminum, rubber, and steel at low cost is another factor favoring the growth of this segment. Thus, it attains a large market share and is extensively used in commercial as well as passenger vehicles. The rain-sensing wiper system is appropriate during adverse climatic conditions. They offer an advantage over conventional wiper systems as they can activate automatic wiper operation and can auto-adjust frequency and wiper speed based on rainfall intensity together with vehicle speed. Furthermore, rain-sensing wipers ensure ideal driving safety and decrease accidental occurrences over time, and aid in raising the aesthetic and functional value of the automobile. Such advancements will propel the demand of the wiper systems market in the long run.
By Wiper Blade
Based on the wiper blade, the market is distributed into beam wipers, standard wipers, and hybrid wipers. Out of these, the beam blade segment holds the largest share of the market by generating the maximum revenue, and the drift is estimated to rule during the forecast period. The beam blade wiper system offers effective cleaning as compared to other wiper blades consisting of a few linkages but does not have a metal frame. The beam blade is designed in such a way that it offers the finest surface contact even on arched windshields and has maximum contact with the windshield. It is mostly used in passenger vehicles and requires less space & reduces the weight of the system. However, standard wipers have been installed in cars for ages. They apply pressure to the windshield via springs and are attached to a metal frame. Hybrid blades are a combination of beam blades and conventional blades. These blades have the all-weather wiping effectiveness of a beam blade and are more aerodynamic. They also have exact pressure points for brilliant wiping performance. All these factors collectively contribute to expanding the growth of the market.
The application segment is bifurcated into passenger cars & commercial vehicles. The passenger cars segment is expected to contribute the largest share and is growing at a CAGR of 5% during the forecast period. Aspects such as increasing sales and demand for passenger vehicles, heavy investment in luxury vehicles, and increasing shift towards higher living standards are contributing towards the growth of the market. Moreover, with the transition to autonomous vehicles, the increasing demand for rain sensor wiper models in various vehicle types such as SUVs will increase the market demand for future wiper systems. The commercial vehicle segment will witness impressive growth in the coming years. This growth is appertaining to the evolution of road infrastructure in developing countries like China and India. Additionally, emerging commercial transportation companies in these regions, such as online bus and taxi services, are further fueling the growth of the industry.
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. The Asia Pacific region is the uppermost and the fastest-growing region with annual revenue of 37% in the global market registering a CAGR of 5.7% over the forecast period. The extensive production of automobiles across the Asia Pacific countries like China and India because of the growing customer demand for vehicles is fueling the growth of the market in the region. Escalating investments in the development of electric or autonomous vehicles and the growing adoption of luxurious cars are also set to propel the demand for wiper systems in the long run. Growth in GDP has a positive influence on the flexible income that allows people to invest in vehicles. Thus, it arouses automobile production in this region thereby, nurturing the demand for these products.
Europe contributes significantly to the growth of the industry due to the presence of numerous automobile manufacturers serving both international and regional markets. This region is projected to grow at a CAGR of 4.2 % in the coming years and is expected to contribute to additional improvements in product design.
Wiper Systems Market Competitive Landscape:
The major points in terms of the competitive landscape of the industry and the detailed profiles of key market players have been studied in the report. Also, the surge in product innovations, adoption of business strategies, and opportunity advantage in terms of application launches have fastened the growth of the sample preparation market. The major players operating in the market include-
- ASMO Co.
- Johnson Electric
- Smurfit Kappa Group
- TRICO Products
- Syndicate Wiper Systems
- Trico Products
- In December 2020, the hingeless wiper SmartTech is introduced by HELLA to meet the demand for high-quality wiper blades. The product was launched to provide a powerful solution for around 90% of the current UK fleet and customers can easily meet the daily maintenance needs of the majority of vehicles.
- In November 2020, Valeo has introduced a new range of aftermarket wiper systems, including 18 OE references for rear and front engines. This development ensures lasting wiping quality and customer satisfaction.
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