Global Automotive Wiper Component Aftermarket Market Size To Worth USD 7.69 Billion By 2033 | CAGR of 3.60%
Category: Automotive & TransportationGlobal Automotive Wiper Component Aftermarket Market Size To Worth USD 7.69 Billion By 2033
According to a research report published by Spherical Insights & Consulting, the Global Automotive Wiper Component Aftermarket Market Size is Expected to Grow from USD 5.40 Billion in 2023 to USD 7.69 Billion by 2033, Growing at a CAGR of 3.60% during the forecast period 2023-2033.
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Browse key industry insights spread across 232 pages with 119 Market data tables and figures & charts from the report on the "Global Automotive Wiper Component Aftermarket Market Size, Share, and COVID-19 Impact Analysis, By Component (Wiper Blades, Wiper Motors, Rain Sensors), By Vehicle (Passenger Vehicles, Commercial Vehicles), 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/automotive-wiper-component-aftermarket-market
An automotive wiper component is a part of the windshield wiper system in a vehicle, which is designed to clear rain, snow, and debris from the windshield to ensure visibility and safety while driving. Several factors are driving the automotive wiper component aftermarket market, including increased vehicle ownership and customer knowledge of vehicle maintenance. Harsh weather conditions in various countries enhance the demand for effective wiper systems, and technical developments draw consumers to improved products. However, the availability of cheaper competitors and inadequate consumer understanding of the significance of wiper maintenance might further influence sales.
The wiper motors segment is predicted to hold the largest market share through the forecast period.
Based on the component, the automotive wiper component aftermarket market is classified into wiper blades, wiper motors, and rain sensors. Among these, the wiper motors segment is predicted to hold the largest market share through the forecast period. The segment's dominance is attributable to the demand for wiper blade replacement, driven by wear and tear from constant use and the emphasis on safety and visibility in poor weather conditions.
The passenger vehicles segment is anticipated to hold the highest market share during the projected timeframe.
Based on the vehicle, the automotive wiper component aftermarket market is divided into passenger vehicles and commercial vehicles. Among these, the passenger vehicles segment is anticipated to hold the highest market share during the projected timeframe. The passenger vehicle segment's is attributed to the larger number of passenger vehicles on the road, as well as increased customer knowledge of vehicle maintenance and safety.
Asia Pacific is estimated to hold the largest share of the automotive wiper component aftermarket market over the forecast period.
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Asia Pacific is estimated to hold the largest share of the automotive wiper component aftermarket market over the forecast period. The region's supremacy is driven by several factors including the region's large automotive manufacturing sector, increased vehicle ownership, and rising consumer awareness of vehicle maintenance.
North America is predicted to have the highest CAGR growth in the automotive wiper component aftermarket market over the forecast period. Several factors contribute to the region's rapid rise, including a robust automotive industry, high car ownership rates, and an increased emphasis on vehicle safety and maintenance.
Major key players in the automotive wiper component aftermarket market include AM Equipment, B. Hepworth and Company Limited, Denso Corporation, DOGA S.A., Federal-Mogul Motorparts LLC., HELLA GmbH & Co. KGaA, ITW Global Brands, Magneti Marelli S.p.A., Mitsuba Corp., Nippon Wiper Blade Co., Ltd., Pilot Automotive, Robert Bosch AG, TEX Automotive Ltd., and Others.
Recent Developments
- In January 2023, Continental launched AQUACTRL2, a new generation of windshield wipers with improved technology, design, and handling.
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 automotive wiper component aftermarket market based on the below-mentioned segments:
Global Automotive Wiper Component Aftermarket Market, By Component
- Wiper Blades
- Wiper Motors
- Rain Sensors
Global Automotive Wiper Component Aftermarket Market, By Vehicle
- Passenger Vehicles
- Commercial Vehicles
Global Automotive Wiper Component Aftermarket 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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