Automotive Windshield Washer System Market – Overview
The global automotive windshield washer system market is projected to rise at a healthy rate from 2021 to 2031 (forecast period). A spike in vehicle production and sales is a key factor likely to boost the automotive windshield washer system market, as the system is required in commercial and passenger vehicles. Moreover, during the projected period, the worldwide automotive windshield washer system market is expected to be propelled by a rise in demand for comfortable driving quality. Automotive windshield washer systems are inexpensive, dependable, long-lasting, and simple to assemble and install. This aspect is likely to boost the automotive windshield washer system market during the projected period.
Furthermore, the rising standard of living and increased preference for cars, such as compacts and SUVs, are driving up passenger vehicle sales, which may open up new prospects for the automotive windshield washer system market over the forecast period.
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Automotive Windshield Washer System Market – Competitive Landscape
Prominent players active in the global automotive windshield washer system market include Continental AG, ASMO CO., LTD., Denso Corporation, MITSUBA Corporation, HELLA GmbH & Co. KGaA, TRICO, Mergon, Exo-s, DOGA, Kautex, and Zhejiang Zhenqi Auto Parts Corp., Ltd.
With the continual development and implementation of numerous safety technologies for driver assistance, competition in the global automotive industry is increasingly fierce. The market's competitive scenario will continue in the next years, riding on the coattails of technological developments and constant improvements in new automobiles.
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Automotive Windshield Washer System Market – Trends and Opportunities
Growing vehicle production and the implementation of effective wiper and washer technologies are the primary factors expected to boost the global automotive windshield washer system market. The expanding urban population and the growing adoption of fuel-efficient automobiles have resulted in a major growth in worldwide automotive output. As per the Organization Internationale des Constructeurs d'Automobiles (OICA), worldwide automotive vehicle manufacturing in 2019 was 91.7 million, with Asia Pacific and Oceania accounting for around 51.9% of overall output. Furthermore, the growing preference for SUVs is projected to propel the global automotive windshield washer system market. As per the International Energy Agency, there were over 200 million SUVs worldwide in January 2020, up from roughly 35 million in 2010, representing 60% of the increase in the global car fleet since 2010. Such factors are projected to bolster the global automotive windshield washer system market in the near future.
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Moreover, the operating life of automobile components is hugely reliant on use. The replacing of washer system components such as wipers, pumps, blades, and nozzles is dependent on the driving circumstances. Component manufacturers are expected to benefit from the sustainable expansion of passenger cars and light commercial vehicles by moving supplier focus to lightweight components with various vehicle model compatibility.
Furthermore, a thriving e-commerce environment allows OEMs and component suppliers to reach a larger client base. As a result, high aftermarket sales are likely to drive expansion in the worldwide automotive windshield washer system market throughout the forecast period.
Automotive Windshield Washer System Market – Regional Landscape
The automotive windshield washer system market in North America is projected to grow during the forecast period. An increase in demand for automotive windshield washer systems in the United States can be ascribed to expanding vehicle production and sales and increasing vehicle parc (fleet on the road) spurred by leading manufacturers' significant presence. Aside from that, strong demand for luxury vehicles is expected to drive the automotive windshield washer system market in the United States in the upcoming years.
The United States is a prominent vehicle market, and demand is expected to stay high during the projection period. Furthermore, expanded research efforts, the existence of major businesses, and increasing investments in product development are all creating attractive possibilities for the country's automotive windshield washer system market.
The Asia Pacific automotive windshield washer system market is likely to witness growth due to increased vehicle production and expanding exports from the region. Moreover, China, Japan, India, and South Korea are key vehicle makers due to the existence of big and renowned automotive manufacturers in these countries. Furthermore, the thriving economy and rising standard of living are expected to propel the automotive windshield washer system market in Asia Pacific.
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