In 2022, the global automotive screenwash products market was valued at USD 1,812 million and is projected to reach USD 2,003 million in 2023. Future Market Insights (FMI) predicts that the market will experience significant growth at a CAGR of 15.03% from 2023 to 2033, potentially totaling around USD 8,125 million by 2033.
The primary drivers of this market growth include the recent surge in automotive vehicle sales and the increasing use of screenwash products for personal applications, supported by rising disposable incomes.
Enhancements in screenwash products—such as compatibility for all seasons and improved formulations designed to eliminate bug marks—along with declining prices, are further propelling market expansion. The growing trend of consumers using screenwash products personally, instead of relying solely on service providers, is creating substantial opportunities for market development. Additionally, the rising popularity of electric vehicles is also contributing to the increased demand for automotive screenwash products.
Comprehensive Market Insights: Full Report Overview
Key Takeaways from the Market Study
- The global automotive screenwash products market grew at a CAGR of 14.1% from 2018 to 2022.
- India is expected to witness a CAGR of 6.21% in the automotive screenwash products market.
- China is projected to grow at a CAGR of 6.54% in this market segment.
- The United Kingdom holds a notable share of Europe’s market, with a market share of 10.24%.
- In terms of sales, direct sales account for a substantial 72% of the market.
- Among product types, all-season automotive screenwash products are forecasted to capture 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.
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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