Global Aftermarket Wiper Blade Market Size is Anticipated to Hold a Significant Share By 2033 | CAGR of 6.20%
Category: Automotive & TransportationGlobal Aftermarket Wiper Blade Market Size is Anticipated to Hold a Significant Share By 2033
According to a research report published by Spherical Insights & Consulting, the Global Aftermarket Wiper Blade Market Size is Expected to Hold a Significant Share by 2033, Growing at 6.20% CAGR from 2023 to 2033.
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Browse key industry insights spread across 190 pages with 110 Market data tables and figures & charts from the report on the "Global Aftermarket Wiper Blade Market Size, Share, and COVID-19 Impact Analysis, By Size (UP to 12-inch, 12-to-16-inch, 16-to-20-inch, 20-to-24-inch, Above 24-inch), Product Type (Conventional Wiper Blades, Frameless Wiper Blades, Hybrid Wiper Blades, Frameless Wiper Blades), By Vehicle Type (Passenger Cars, Commercial Vehicles, Heavy-Duty Vehicles), By Distribution Channel (Online, E-Commerce Websites, Company-Owned Websites, Online Automotive Retailers, Offline, Retail Stores, Service Centers/Workshops, Wholesale Distributors, Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.” Get Detailed Report Description Here:https://www.sphericalinsights.com/reports/aftermarket-wiper-blade-market
Aftermarket wiper blades are replacement wiper blades that are not manufactured by the vehicle's original equipment manufacturer (OEM). These blades are manufactured by third-party firms and are intended to fit a variety of vehicle models. Aftermarket wiper blades are widely available in a range of styles and materials, providing purchasers with performance, durability, and pricing. The aftermarket wiper blade market is driven by several main factors, including vehicle age, which raises demand for replacements when original parts wear out. Weather conditions also play an important role, as areas with severe rain or snow require dependable wipers. Consumer knowledge of car maintenance and safety, combined with scientific developments in wiper blade materials and designs, further stimulates demand. However, consumer price sensitivity can lead people to seek out lower-cost, potentially lower-quality options, whereas a lack of awareness about the significance of regular wiper blade changes can limit demand.
The 16-to-20-inch segment is predicted to hold the largest market share through the forecast period.
Based on the size, the aftermarket wiper blade market is classified into up to 12-inch, 12-to-16-inch, 16-to-20-inch, 20-to-24-inch, and above 24-inch. Among these, the 16-to-20-inch segment is predicted to hold the largest market share through the forecast period. The segment's supremacy derives from its broad use in numerous vehicle models. This segment's appeal derives from the prevalence of automobiles designed for urban and suburban driving, where this size is most typically required.
The conventional wiper blades segment is anticipated to hold the highest market share during the projected timeframe.
Based on the product type, the aftermarket wiper blade market is divided into conventional wiper blades, frameless wiper blades, hybrid wiper blades, and frameless wiper blades. Among these, the conventional wiper blades segment is anticipated to hold the highest market share during the projected timeframe. The segment supremacy is attributed to its vast compatibility with a variety of cars, cost-effectiveness, and consumer familiarity.
The passenger cars segment is anticipated to hold the greatest share of the aftermarket wiper blade market during the projected timeframe.
Based on the vehicle type, the aftermarket wiper blade market is categorized into passenger cars, commercial vehicles, and heavy-duty vehicles. Among these, the passenger cars segment is anticipated to hold the greatest share of the aftermarket wiper blade market during the projected timeframe. The popularity of the passenger car segment can be attributed to the enormous amount of passenger vehicles on the road, the regular necessity for maintenance and replacements, and the growing consumer awareness regarding vehicle safety.
The online segment is estimated to grow at the fastest CAGR growth through the projected period.
Based on the distribution channel, the aftermarket wiper blade market is categorized into online, e-commerce websites, company-owned websites, online automotive retailers, offline, retail stores, service centers/workshops, wholesale distributors, and others. Among these, the online segment is estimated to grow at the fastest CAGR growth through the projected period. The segment's rapid rise is fuelled by the growing consumer preference for online shopping due to convenience, a greater selection of products, competitive pricing, and simple access to customer reviews.
North America is estimated to hold the largest share of the aftermarket wiper blade market over the forecast period.
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North America is estimated to hold the largest share of the aftermarket wiper blade market over the forecast period. The region's dominance is attributable to the increasing number of vehicles on the road, a growing emphasis on vehicle maintenance, and the rising demand for high-quality replacement parts.
Asia Pacific is predicted to have the highest CAGR growth in the aftermarket wiper blade market over the forecast period. Increased vehicle production and sales in nations like China and India increased disposable incomes and urbanization, are key drivers.
Major key players in the aftermarket wiper blade market include Michelin Group, Robert Bosch Gmbh, ITW, Mitsuba Corporation, Continental AG, Denso Corp, ACDelco, Hella KGaA Hueck & Co., Valeo SA, TRICO Products Corp., Bosch, and Others.
Recent Developments
- In May 2022, Schaeffler India's Automotive Aftermarket branch launched a premium range of wiper blades under the Schaeffler TruPower branding. The wiper blades have distinct features and are available in both frame and frameless types, namely Premium Plus and Ultra-Premium. The blades are built specifically to provide exceptional performance.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the aftermarket wiper blade market based on the below-mentioned segments:
Global Aftermarket Wiper Blade Market By Size
- UP to 12-inch
- 12-to-16-inch
- 16-to-20-inch
- 20-to-24-inch
- Above 24-inch
Global Aftermarket Wiper Blade Market, By Product Type
- Conventional Wiper Blades
- Frameless Wiper Blades
- Hybrid Wiper Blades
- Frameless Wiper Blades
Global Aftermarket Wiper Blade Market, By Vehicle Type
- Passenger Cars
- Commercial Vehicles
- Heavy-Duty Vehicles
Global Aftermarket Wiper Blade Market, By Distribution Channel
- Online
- E-Commerce Websites
- Company-Owned Websites
- Online Automotive Retailers
- Offline, Retail Stores
- Service Centers/Workshops
- Wholesale Distributors
- Others
Global Aftermarket Wiper Blade Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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