Future Market Insights (FMI) has forecasted the automotive windshield washer system market to grow with a year on year growth of 5.7% in 2022 reaching a value of about US$ 19 Bn by 2022 end.
Asia Pacific Excluding Japan market is expected to dominate global automotive windshield washer system market in terms of value in 2021, and the trend is projected to grow throughout the forecast period. APEJ automotive windshield washer system market is projected to be the prominent market throughout the forecast period, growing at a CAGR of 7.2% by value over the forecast period.
A steady growth has been foreseen for the global automotive windshield washer system market over the forecast period, 2022 to 2026, by a new insightful report of Future Market Insights. Worldwide sales of automotive windshield washer systems are evaluated to close in on approximately US$ 24,771.6 Mn revenues by 2026-end.
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Greater Preference for DIY Auto Products to Impact the Market Growth
The report identifies growing consumer preference for DIY installation and surging popularity of the ecommerce sector as primary growth determinants for the global automotive windshield washer system market. Over the past couple years, the trend toward purchasing DIY automotive parts & systems has gained immense traction, in turn enabling consumers with the convenience of installing auto products on their own. This trend has further induced auto component manufacturers in providing automotive windshield washer system as individual products, so that vehicle owners can later assemble and install them devoid of any additional assistance based on their requirement. Proliferation of ecommerce is further complementing the DIY trend, as consumers are able to easily track products specific to their vehicle’s need online and have them delivered to their doorstep without much effort.
Although deemed as one of the most crucial safety components of vehicles, wipers cause distraction owing to their movement on windshield. In a bid to resolve this issue, some automakers have come up with a novel solution to replace wipers. One such solution is ultrasonic force field, introduced by a British automaker McLaren, which has produced a new windshield washer system, the idea being derived from fighter jets. This technology that employs high-frequency sound waves will enable windshield to repel water, ice, mud, and all types of dust particles that are present in the surroundings. This may further impede sales of conventional automotive windshield washer systems to a certain extent, as this new technology is relatively expensive.
However, advancements in wiper blade technology that are evident with new systems being developed are likely to retain the market’s position. Automotive component manufacturers are increasingly taking efforts in designing and developing wiper blade technologies with faster response time coupled with streak-free visibility offering in extreme weather conditions.
Key market players profiled by the report include ASMO CO., LTD., Kautex Textron GmbH & Co. KG, Mergon Group, Denso Corporation, Exo-S, Doga S. A., Mitsuba Corporation, Trico Products Corporation, Continental AG, and HELLA KGaA Hueck & Co.
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Market Taxonomy
Region
- North America
- Latin America
- Europe
- Japan
- APEJ
- MEA
Capacity
- 1.5- 2 liter
- 2- 3 liter
- 3- 4 liter
- 4- 5 liter
- Above 5 liter
Sales channel
- OEM
- Aftermarket
Technology
- Electrical
- Mechanical
Vehicle Type
- Passenger Cars
- LCV
- HCV
Table Of Content
- Global Economic Outlook
- Global Automotive Windshield Washer System Market – Executive Summary
2.1. Opportunity Assessment
2.2. Mega Trends
- Global Automotive Windshield Washer System Market Overview
3.1. Introduction
3.1.1. Global Automotive Windshield Washer System Market Taxonomy
3.1.2. Global Automotive Windshield Washer System Market Definition
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About FMI
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 5-years.
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