Automotive Windshield Washer System Market by Technology (Mechanical & Electrical), by Application (Headlamp Washer System & Windshield Washer System) by Component (Hose & Connectors, Nozzles, Wiper Motor, Reservoirs, Windshield Wipers & Pumps) by Vehicle type (Passenger Vehicle & Commercial Vehicle) By Sales Channel (Aftermarket & OEM) and by region (North America, Europe, Asia Pacific, Middle East & Africa & South America)” Global Automotive Windshield Washer System Market was valued at US$ 16Bn in 2017 and is expected to reach US$ 28Bn by 2026, at a CAGR of 7.25% during a forecast period.
Major driving factors of the automotive windshield washer system market are increase in the modernization of Transport infrastructure and safety features. Rapid redistribution of R&D investment, improved brake response and fading data, high thermal stableness, no hot judder, excellent pedal feel, improved steering behavior, high abrasion resistance and thus longer life time will create more opportunity. Due to rising population figures are in higher mobility demands, Maintenance and repair costs will drop and lower accident rates will mean that cars will be able to travel many more miles mileage will continue to increase in adoption of automotive windshield washer system market. Advanced manufacturing processes incorporating lost core technology. Changing technology and relative high competition will act as a restraint to the market.
Passenger Vehicle is leading the Automotive Windshield Washer System Market.
Passenger Vehicle segment is expected to hold the largest share in the market during the forecast period. Passenger vehicle segment leads the market globally due to the emerging disposable income, rising middle-class population which is contributing to the increasing sales of passenger vehicle. Passenger vehicle sales were up 2, 3% to 82 million and LCV sales were up 4, 4% to 4.05 million vehicles. 13 out of the 52 markets showed double digit growth including Russia, Argentina and Thailand, balancing small declines in major markets like the UK, United States, South Korea and Mexico. Growth in China gain good uplift to just 2.3% from 17% in 2016. India and Brazil were other engines of growth, the former setting a third consecutive annual sales record and the latter recovering from a decline the year before Passenger vehicle sales grew 9.24% to 3.04 million units during 2016-17, the highest since 2010-11 when they grew 28.2%, on the back of demand for SUVs.
Asia pacific is the leading regional market for Automotive Windshield Washer System Market.
Asia pacific is expected to hold the largest share in the market during the forecast period. The Asia-Pacific region is home to some 3.9 billion people representing just over half of the world’s population and implementing stringent quality-improvement processes and driving a multi-year frontline sales transformation to improve customer satisfaction and sales performance. Countries in the Asia Pacific excluding Japan (APEJ) region are anticipated to reflect higher inclination toward use of automotive windshield washer system owing to increasing production and use of commercial and passenger vehicles. Population with enormous projected growth has important implications in terms of economic development, China remains the largest single market with 25.8 million sales despite reporting the slowest growth rate in more than a decade. This was largely due to the rapid pace of growth seen in the developing economies in China, India, and Indonesia.
This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading manufacturers such as are Robert Bosch GmbH, Denso Corporation, Valeo S.A., Continental AG, Mitsuba Corporation, Bowles Fluidics, Doga, Hella, Asmo, Kautex, Shihlin, Chaoli, Zhenqi, Chaodun, Riying, Exo-s and Mergon Group.
Maximize market research, a global market research firm with dedicated team of specialists and data has carried out extensive research about the Automotive Windshield Washer System Market. Report encompasses the market by different segments and region, providing the in-depth analysis of overall industry ecosystem, useful for taking informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Automotive Windshield Washer System Market. The driving forces as well as considerable restraints have been explained in depth. In addition to this, competitive landscape describing about the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Automotive Windshield Washer System Market positioning of competitors.
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