March 10, 2022
According to the research report titled ‘Global Wiper Blade Market Size study, by Application (Windshield Wipers, Rear Wipers), by Vehicle type (Passenger Car, Light Commercial Vehicles, Heavy Commercial Vehicles) and Regional Forecasts 2021-2027,’ available with MarketStudyReport, global wiper blade market is slated to grow tremendously during the period 2021-2027.
The soaring demand for passenger automobiles, coupled with the rising emphasis placed on safety features of the vehicles are enhancing the growth aspect of global wiper blade market.
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For those unaware, wiper blades are devices attached to the windshield of a vehicle to clear or remove snow, rain, or any kind of debris from the glass frame to improve driver’s visibility, thereby ensuring safe driving.
Besides this, the emerging new technologies facilitating the advancements in the product are furthering the developmental graph of the industry.
Citing an instance, in September 2019, Continental AG, a German automobile parts manufacturing company, unveiled a range of ClearContact premium windshield wiper blades, which come fitted with the right connection needed for easy installations and do not require any adapters.
On the contrary, the huge cost of the product is likely to stymie the progress of worldwide wiper blade market during the study.
Concerning the application spectrum, the industry is divided into rear wipers, and windshield wipers. Based on vehicle type, the market is segmented into light commercial vehicles (LCVs), heavy commercial vehicles (HCVs), and passenger cars.
From a geographical viewpoint, North America market is reckoned to account for a remarkable revenue share during the assessment timeframe, owing to the presence of top manufacturers, and expanded production of vehicles in the region.
Meanwhile, Europe industry is estimated to record a strong growth rate through 2027, attributed to its strong automotive production base.
The prominent participants who are influencing the competitive scope of global wiper blade industry include Xiamen Lukasi Car Accessories Co. Ltd., Illinois Tool Works (ITW) Inc., Doga S.A., Denso Corporation, Heyner GmbH, Valeo S.A., Continental AG, DRiV Incorporated, Robert Bosch GmbH, and Trico Products Corporation among others.