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.
Industry: Automotive & TransportationGlobal Automotive Wiper Component Aftermarket Market Insights Forecasts to 2033
- The Global Automotive Wiper Component Aftermarket Market Size was Valued at USD 5.40 Billion in 2023
- The Market Size is Growing at a CAGR of 3.60% from 2023 to 2033
- The Worldwide Automotive Wiper Component Aftermarket Market Size is Expected to Reach USD 7.69 Billion by 2033
- North America is Expected to Grow the fastest during the forecast period.
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The Global Automotive Wiper Component Aftermarket Market Size is Anticipated to Exceed USD 7.69 Billion by 2033, Growing at a CAGR of 3.60% from 2023 to 2033.
Market Overview
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. Key components include wiper blades, which physically wipe the windshield, wiper arms, which hold and move the blades, and the wiper motor, which powers their movement. Automotive wiper components are influenced by weather conditions, regulatory standards, technological advancements, consumer expectations, vehicle design changes, competitive pressures, sustainability concerns, and cost efficiency. These factors drive manufacturers to innovate, optimize production, and maintain quality.
Automotive wiper components enhance vehicle safety and functionality by clearing rain, snow, and debris from windshields. They help meet regulatory visibility standards and enhance safety compliance. Modern features like rain sensors adjust speed automatically. Wipers integrate aesthetically and work with headlight washers, improving the driving experience.
For Instance, In June 2023, Valeo unveiled Canopy, the first wiper designed to reduce CO2 emissions by 61% compared to a Valeo wiper blade, which represents the majority of wiper blades commercialized in the European market.
Report Coverage
This research report categorizes the market for automotive wiper component aftermarket based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the automotive wiper component aftermarket market. Recent market developments and competitive strategies such as expansion, product launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the automotive wiper component aftermarket market.
Global Automotive Wiper Component Aftermarket Market Report Coverage
Report Coverage | Details |
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Base Year: | 2023 |
Market Size in 2023: | USD 5.40 Billion |
Forecast Period: | 2023 - 2033 |
Forecast Period CAGR 2023 - 2033 : | 3.60% |
2033 Value Projection: | USD 7.69 Billion |
Historical Data for: | 2019-2022 |
No. of Pages: | 232 |
Tables, Charts & Figures: | 119 |
Segments covered: | By Component, By Vehicle, By Region and COVID-19 Impact Analysis. |
Companies covered:: | 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 other key vendors. |
Pitfalls & Challenges: | COVID-19 Empact, Challenge, Future, Growth, & Analysis |
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Driving Factors
The automotive wiper component aftermarket market is propelled by several factors such as increasing vehicle ownership and rising consumer awareness of vehicle maintenance. Harsh weather conditions in various regions raise the demand for efficient wiper systems, while technological advancements attract consumers to upgraded products. The growth of aftermarket services and e-commerce enhances accessibility for replacement parts, further boosting sales. Furthermore, concerns about durability and performance lead consumers to seek high-quality options, and stringent environmental regulations contribute to market growth worldwide.
Restraining Factors
The automotive wiper component aftermarket market is constrained by several factors including the increasing lifespan of vehicles, which reduces the demand for replacements. Consumer preference for original equipment manufacturer (OEM) parts can limit demand for aftermarket options, while the availability of cheaper substitutes and limited consumer awareness about the importance of wiper maintenance can further impact sales.
Market Segmentation
The automotive wiper component aftermarket market share is classified into component and vehicle.
- The wiper blades segment is estimated to hold the highest market revenue share through the projected 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 blades segment is estimated to hold the highest market revenue share through the projected period. The segment dominance is due to the demand for the replacement of wiper blades, driven by wear and tear from regular use and the emphasis on safety and visibility in adverse weather conditions. Consumers tend to prioritize wiper blade maintenance, leading to sustained demand in the wiper blade segment.
- The passenger vehicles segment is anticipated to hold the largest market share through the forecast period.
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 largest market share through the forecast period. The passenger vehicle segment prominence is attributed to the higher number of passenger vehicles on the road, as well as increased consumer awareness about vehicle maintenance and safety. With more individuals investing in the upkeep of their vehicles, demand for replacement wiper components, particularly wiper blades, is expected to remain strong in the passenger vehicle segment.
Regional Segment Analysis of the Automotive Wiper Component Aftermarket Market
- North America (U.S., Canada, Mexico)
- Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
- Asia-Pacific (China, Japan, India, Rest of APAC)
- South America (Brazil and the Rest of South America)
- The Middle East and Africa (UAE, South Africa, Rest of MEA)
Asia Pacific is anticipated to hold the largest share of the automotive wiper component aftermarket market over the predicted timeframe.
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Asia Pacific is anticipated to hold the largest share of the automotive wiper component aftermarket market over the predicted timeframe. The region's dominance is propelled by several factors, including the region's robust automotive manufacturing sector, increasing vehicle ownership, and rising consumer awareness regarding vehicle maintenance. Countries like China and India are key contributors, with expanding middle-class populations and a growing emphasis on road safety.
North America is expected to grow at the fastest CAGR growth of the automotive wiper component aftermarket market during the forecast period. The rapid expansion can be attributed to several factors including a strong automotive industry, high vehicle ownership rates, and a growing focus on vehicle safety and maintenance. Furthermore, increasing awareness about the importance of regular wiper replacement, driven by harsh weather conditions in certain areas, contributes to higher demand.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the automotive wiper component aftermarket market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- 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.
- Others
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Developments
- In August 2024, Schaeffler India launched a digital campaign for their TruPower Wiper Blades, which are engineered for enhanced performance and durability in any weather conditions.
- In January 2024, Bosch launched the NextGen Wiper System. This system features advanced rain sensors and aerodynamic wiper blades designed to provide superior visibility and performance in various weather conditions. The new wiper system also includes a heated blade option to prevent ice and snow buildup in colder climates.
- In January 2023, Continental introduced the next generation of windshield wipers, AQUACTRL2, which features upgraded technology, a new design, and superior handling. The new product series provides a choice between pre-assembled set solutions designed to fit individual vehicles (DirectFit) and single wipers with adapters for flexible attachment to match a wide variety of different vehicle types (MultiClip).
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
Frequently Asked Questions (FAQ)
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1. What is the CAGR of the automotive wiper component aftermarket market over the forecast period?The automotive wiper component aftermarket market is projected to expand at a CAGR of 3.60% during the forecast period.
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2. What is the market size of the automotive wiper component aftermarket market?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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3. Which region holds the largest share of the automotive wiper component aftermarket market?Asia Pacific is anticipated to hold the largest share of the automotive wiper component aftermarket market over the predicted timeframe.
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