In 2022, the global automotive screenwash products market was valued at USD 1,812 million and is estimated to reach USD 2,003 million in 2023. According to Future Market Insights (FMI), the market is projected to grow at a robust CAGR of 15.03% from 2023 to 2033, potentially reaching around USD 8,125 million by 2033.
The market’s growth is primarily driven by the surge in automotive vehicle sales in recent years. Additionally, increased adoption of screenwash products for personal use, along with rising disposable incomes, are key factors contributing to market expansion.
Improvements in screenwash products—such as all-season compatibility and enhanced formulations for removing bug marks—combined with decreasing prices, are boosting market growth. The shift towards personal use of screenwash products, rather than relying solely on service providers, is creating significant opportunities for market growth. Furthermore, the growing inclination towards electric vehicles is also contributing to the rise in demand for automotive screenwash products.
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Key Takeaways from the Market Study
- The global automotive screenwash products market expanded at a CAGR of 14.1% between 2018 and 2022.
- India is forecasted at a CAGR of 6.21% in the automotive screenwash products market.
- China is anticipated at a CAGR of 6.54% in the automotive screenwash products market.
- The United Kingdom consists of a significant portion of Europe’s market with a market share of 10.24%.
- Based on the sales segment, direct sales have a market share of 72%.
- Based on product type segment, all-season automotive screenwash products are forecasted a market share of 60.2%.
“Expansion of vehicle fleet raises the demand for automotive screenwash products is one of the primary drivers of the automotive screenwash products market”, – comments a Future Market Insights analyst.
Market Competition Scenario
Attributed to the presence of such a high number of participants, the market is highly competitive. An automotive screenwash products market report also contains projections using a suitable set of assumptions and methodologies.
Global automotive screenwash products research report provides analysis and information according to market segments such as geographies, applications, and industries.
Some of the key players in the automotive screenwash products market are
- Controls Group
- Stanley
- Gilson Company, Inc.
- Humboldt Mfg. Co.
- Cooper Technology
- PaveTesting Limited
- GDS Instruments
- Geo-Con Products Pty Ltd.
- Test Mark Industries
- Forney LP
Key Innovations
- Prestone makes products for vehicles and specializes in making antifreeze/coolants for cooling system demands. In December 2022, Prestone Products was acquired by Centerbrige Partners for $230M.
- In April 2023, Magnum Research’s iconic revolver known as the BFR, which mainly stands for “biggest, finest revolver” or “big-frame revolver,” unveiled its latest addition to the BFR family at the 2023 Meetings: the BFR in Remington’s new 360 Buckhammer chambering.
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Key Segments Profiled in the Automotive Screenwash Products Industry Survey
Automotive Screenwash Products Market Based on Product Type:
- All-Season Automotive Screenwash Products
- Bug Remover Automotive Screenwash Products
- De-icer Automotive Screenwash Products
- Water-repellent Windshield Washer Fluid Screenwash Products
Automotive Screenwash Products Market Based on Sales Channel:
- Direct Sales of Automotive Screenwash Products
- Indirect Sales of Automotive Screenwash Products
Automotive Screenwash Products Market Based on End Use:
- Automotive Screenwash Products for Auto Maintenance Shops
- Automotive Screenwash Products for Personal Use
Automotive Screenwash Products Market Based on Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia and Pacific
- East Asia
- The Middle East and Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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