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Automotive Windshield Washer System Market By Vehicle Type (Passenger Cars, Commercial Vehicles), By Sales Channel (Original Equipment Manufacturer (OEM), Online Stores, Retail Outlets) - Growth, Future Prospects And Competitive Analysis, 2019 - 2027

Rising sales of passenger cars coupled with growing concern towards vehicle maintenance across the globe to drive the automotive windshield washer system market

The automotive windshield washer system market is poised to touch US$ 26.30 Bn by 2027, growing at a CAGR of 5.1% during an estimated timeframe from 2019 to 2027 on a global scale. The rising automotive industry worldwide and the introduction of various windshield maintenance products are the prime factors driving the market growth. A windshield washer is among the integral components of any automotive vehicle, irrespective of its price range. Subsequently, consistently growing sales of automotive vehicles, essentially passenger cars, are projected to ensure continued growth for automotive windshield washers in the years to come. However, stringent government regulations regarding the use of fluid and high maintenance costs are a few causes that might hamper the market progression of the automotive windshield washer system.

Market Synopsis

Increasing demand for passenger cars to drive growth prospects.

The global automotive industry is becoming deep competitive, with continuous deployment and development of various safety technologies for passenger cars. Therefore, the automotive industry will prevail in a competitive scenario in the coming years, coupled with constant innovations and technological advancements in new vehicles. In addition, automobile manufacturers are engaged in designing and developing innovative systems and solutions for retaining the cleanliness of a vehicle’s windshield. For instance, Mercedes Benz, a German luxury car manufacturer, introduced a new technology, “Magic Vision Control®,” for the selected premium models to avoid the vision-blocking spray. Moreover, this technology is integrated with heated wiper blades for cold weather and wipe and wash configuration.

Increasing consumer demand for safety and comfort drive is projected to increase the sales revenue for passenger cars, thereby driving the market for automotive windshield washer systems over the forecast period. For instance, according to the European Automobile Manufacturing Association (ACEA), in 2018, around 79 million passenger cars were sold globally.

The Asia Pacific to Dominate, Europe to Witness Strong Growth

Stringent quality-improvement processes coupled with higher sales in the automotive segment in order to improve customer satisfaction and sales performance to drive market growth. Increasing production and use of commercial and passenger vehicles across the Asia Pacific countries, excluding the Japan (APEJ) region, is expected to project a higher inclination toward using the automotive windshield washer system. For instance, China remains the most significant market with a sale of around 25.8 million unit vehicles, largely due to the rapid pace of growth in the developing economies of Indonesia, India, and China itself. Furthermore, Asia Pacific is expected to hold the largest share of the automotive windshield washer system market over the forecast period, owing to the rapid growth of vehicle sales across the region.

Europe has an adequate manufacturing capacity to meet the mounting domestic demand for passenger and commercial vehicles. For instance, according to the European Automobile Manufacturing Association (ACEA), in 2018, Europe held a market share of around 21% for passenger cars globally. Subsequently, the increasing adoption of electric vehicles (EV) from both the automotive industry and consumers is projected to expand the Europe mobility market, thereby leading to the growth of the automotive windshield washer system market.

Key Players & Competitive Landscape:

Some of the leading manufacturers profiled in the study include MITSUBA Corporation, Exo-s, DENSO CORPORATION, Valeo SA, Continental AG, dlhBOWLES, HELLA GMBH & CO KGAA, Kautex, Zhejiang Zhenqi Auto Parts Corp., Ltd. and TRICO among others.

Historical & Forecast Period

This research study provides qualitative and quantitative insights for each segment and sub-segment from 2017 to 2027, considering 2018 as the base year for the research. CAGR (Compounded Annual Growth Rate) for each segment and sub-segment is calculated for the forecast period from 2019 to 2027.

Report Scope by Segments

The research study on the automotive windshield washer system market offers market size and forecasts based on market dynamics and predominant industry trends. In addition, the report provides an all-around view of the global automotive windshield washer system market based on its vehicle type, sales channel, and geography.

Frequently Asked Questions:

The market for Automotive Windshield Washer System is expected to reach US$ 26.30 Bn in 2027.

The Automotive Windshield Washer System market is expected to see significant CAGR growth over the coming years, at 5.1%.

The report is forecasted from 2019-2027.

The base year of this report is 2021.

MITSUBA Corporation, Exo-s, DENSO CORPORATION, Valeo SA, Continental AG, dlhBOWLES, HELLA GMBH & CO KGAA, Kautex, Zhejiang Zhenqi Auto Parts Corp., Ltd. are some of the major players in the global market.

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Executive Summary - Brief Global Market Size - Current & Forecast
Regional Market Size - North America
Country Market Size - US
Company Profile – 1
Trusted By
Godaddy
Published Date:  Dec 2019
Category:  Automotive & Transportation
Report ID:   60079
Report Format:   PDF
Pages:   120
Rating:    4.2 (56)
Delivery Time: 24 Hours to 48 Hours   
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