PUBLISHER: Allied Market Research | PRODUCT CODE: 1566876
PUBLISHER: Allied Market Research | PRODUCT CODE: 1566876
Windscreen Wiper Blade Market
The windscreen wiper blade market was valued at $7.3 billion in 2023 and is projected to reach $10.3 billion by 2033, growing at a CAGR of 3.8% from 2024 to 2033.
Windshield wiper blade is a pivotal component of the windshield wiper system in vehicles. The role of the wiper blades is to maintain visibility for the driver by clearing rain, dirt, snow, and other debris from the windshield. The wiper blades exhibit a back-and-forth movement due to the functioning of wiper motor. The motor employs a magnet with reduction gear to generate power for the entire mechanism.
The rapid expansion of the automotive industry is a major driver of the windscreen wiper blade market. In addition, rise in safety concerns during harsh weather is encouraging the deployment of technological advancements in wiper blades, thereby propelling the development of the market. To combat the effect of weather, the development of smart wiper systems is gaining prominence. Smart wiper blades are integrated with rain-sensing technology & built-in heating systems that automatically adjust wiper speed according to the intensity of rainfall and prevent the build-up of snow in cold weather.
However, the low frequency of wiper blade replacement is a significant restraint for the market. Most of the vehicle-owners prefer replacing wiper blades in the case of extreme damage, which saturates the growth of the market. On the contrary, the inclination of the market toward sustainability is presenting various new avenues for the market expansion. The development of wiper blades from recyclable and eco-friendly materials is acquiring noteworthy traction from consumers. Moreover, some of these sustainable wiper blades are known to reduce carbon dioxide emissions, appealing to the environmentally conscious base of customers.
Segment Review
The windscreen wiper blade market is segmented into type, distribution channel, end-use industries, and region. On the basis of type, the market is bifurcated into boneless wiper blades and bone wiper blade. By distribution channel, it is divided into aftermarket and OEM. As per end-use industries, it is classified into automotive, aviation, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Findings
On the basis of type, the boneless wiper blade segment is expected to exhibit rapid growth throughout the forecast period.
By distribution channel, the aftermarket segment is projected to be the highest shareholder by 2033.
As per end-use industries, the automotive segment is anticipated to show the fastest growth during the forecast period.
Region wise, North America is predicted to maintain its dominance by 2033.
Competition Analysis
The major players operating in the global windscreen wiper blade market include DENSO CORPORATION, Federal-Mogul LLC, HELLA GmbH & Co. KGaA, Mitsuba Corporation, PIAA Corporation, Robert Bosch GmbH, The Goodyear Tire & Rubber Company, Trico Products Corporation, Valeo SA, and WEXCO Industries Inc. These players have adopted various key developmental strategies such as business expansion, new product launches, and partnerships to strengthen their foothold in the market.
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