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Global Automotive Wiper Systems Market 2018-2022 | Key Insights and Analysis | Technavio

October 4, 2018

LONDON--(BUSINESS WIRE)--Oct 4, 2018-- analysts forecast the global automotive wiper systems market to post a CAGR of nearly 4% during the forecast period, according to their latest market research report. However, the growth momentum of the market is expected to decelerate due to a decline in the year-over-year growth.

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Technavio has published a new market research report on the global automotive wiper systems market for the period 2018-2022. (Graphic: Business Wire)

Introduction of dual-direct-drive wiper systems is one of the major trends being witnessed in the . Rising demand and R&D on technology have led to sterling technological advancements. An instance is the introduction of dual motor wipes or dual direct drive wiper systems. Two individual motors for each wiper arm is used in this system. Deploying individual motors does away with wiper linkage, unlike conventional wipers, to save space and reduce the weight of the systems.

This report is available at a USD 1,000 discount for a limited time only:

According to Technavio analysts, one of the key factors contributing to the growth of the global automotive wiper systems market is the increase in adoption of rear wipers in SUVs, compact, and crossover vehicles:

Global automotive wiper systems market: Increase in adoption of rear wipers in SUVs, compact, and crossover vehicles

Hatchback and SUVs have large rear windshields that are susceptible to deposits of dirt and dust. This reduces the rear visibility of the driver and makes the vehicle vulnerable to accidents. Hence, the need for rear wipers in hatchbacks, SUVs, compact, and crossover vehicles. The use of rear wiper systems has been also been mandated by various regulatory bodies and OEMs are increasingly offering them as standard fitments in most hatchbacks, crossovers, and SUVs.

According to a senior analyst at Technavio for research on automotive components, “The demand for wiper systems per unit vehicle has gone up in each of these segments due to the growing use of rear wipers. Moreover, in countries such as the US, China, Japan, and India, the growth of the automotive wiper systems market is becoming notable owing to the increasing demand for SUVs, compact, and crossover vehicles. Automobile manufacturers are also shifting their focus toward SUVs and crossovers.”

Global automotive wiper systems market: Segmentation analysis

The global automotive wiper systems market research report provides market segmentation by end-user (passenger vehicle and commercial vehicle), and by region (the Americas, EMEA, and APAC). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.

The passenger vehicle segment held the largest market share in 2017, accounting for nearly 73% of the market. This end-user segment is expected to dominate the global market throughout the forecast period.

APAC led the market in 2017 with a market share of nearly 53%. This region is expected to dominate the market through 2022, with an increase in its market share by over 1%.

Looking for more information on this market?

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market ecosystem Market characteristics Market segmentation analysis

Market Sizing

Market definition Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered Vendor classification Market positioning of vendors Competitive scenario

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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View source version on businesswire.com:https://www.businesswire.com/news/home/20181004005576/en/

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KEYWORD:

INDUSTRY KEYWORD: AUTOMOTIVE GENERAL AUTOMOTIVE

SOURCE: Technavio Research

Copyright Business Wire 2018.

PUB: 10/04/2018 11:43 AM/DISC: 10/04/2018 11:43 AM

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