Automotive Wiper Market Overview:
The Automotive Wiper market study gives a complete picture of the competition, including the market share and company profiles of the key competitors in the global industry. The scope of the research includes a thorough investigation of the Automotive Wiper Market, as well as the reasons for variations in the industry's growth in various locations.
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Automotive Wiper Market is expected to reach US$ 6.44 Bn by 2029, at a CAGR of 4.8% during the forecast period.
Market Scope:
Post completion of market engineering, which included calculations for market statistics, market size estimations, market forecasts, market breakdown, and data triangulation, thorough primary research was done to acquire information and verify and validate important numbers. To perform market estimating and forecasting for the overall market segments and sub-segments described in this research, both top-down and bottom-up methodologies, as well as multiple data triangulation methods, were widely employed throughout the whole market engineering process. Extensive qualitative and quantitative analysis is also performed on all of the figures obtained during the whole market engineering process in order to provide essential information throughout the report.
Dynamics:
The adoption of rear wipers in a new range of vehicles and the rise in demand for automobiles are two major factors driving the global automotive wiper market. Furthermore, technological advancements and improvements in wipers are anticipated to accelerate the growth of the global market. Numerous jurisdictions have laws requiring windscreen wipers to be installed on all vehicles. Windshield wipers may be regarded as a safety item and required during auto safety inspections in some countries where motor vehicle laws are in effect. There is a "wipers on, lights on" regulation in some US states. All of these elements fuel the global automotive wiper market's growth and demand. The fluctuating cost of raw materials, on the other hand, limits market expansion.
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Key Players:
Major players in the market are identified through secondary research and their market revenues are determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top manufacturers; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, CEOs, and marketing executives. The percentage splits, market shares, growth rate, and breakdowns of the global markets are determined by using secondary sources and verified through the primary sources. The biggest players in the Automotive Wiper market are as follows:
• AM Equipment
• B. Hepworth and Company Limited
• Denso Corporation
• DOGA S.A.
• Federal-Mogul Motorparts LLC.
• HELLA GmbH & Co. KGaA
• Magneti Marelli S.p.A.
• Mitsuba Corp.
• Nippon Wiper Blade Co., Ltd.
• Pilot Automotive
• Robert Bosch AG
• TEX Automotive Ltd.
• Valeo
• Robert Bosch (Australia) Pty Ltd
• The Goodyear Tire & Rubber Company
• TEX Automotive Ltd
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Regional Analysis:
Individual market influencing elements and changes in market laws that influence present and future market trends are also included in the geographical overview of the Automotive Wiper market study. Current and future trends are examined in order to assess the entire market potential and uncover profitable trends in order to get a more stable footing. The geographical market assessment is based on the present environment and expected developments.
COVID-19 Impact Analysis on Automotive Wiper Market:
Due to a break in operations, end-user sectors where Automotive Wiper are used had a decline in growth from January to May in various countries, including China, Italy, Germany, the United Kingdom, the United States, Spain, France, and India. This resulted in a large drop in the revenues of firms operating in these industries and, as a consequence, in demand for Automotive Wiper manufacturers, affecting the development of the Automotive Wiper market in 2020. End-user business demand for Automotive Wiper has dropped considerably as a result of lockdowns and a rise in COVID-19 incidents throughout the world.
Key Questions Answered in the Automotive Wiper Market Report are:
- Which segment had the largest share in the Automotive Wiper market in 2021?
- What is the competitive landscape of the Automotive Wiper market?
- Which are the key drivers aiding the Automotive Wiper market growth?
- Which region has the maximum share in the Automotive Wiper market?
- What will be the CAGR of the Automotive Wiper market during the forecast period (2022-2027)?
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