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Automotive Wiper System Market Overview:
The wiper system is considered as one of the important systems of automobiles. The wiper system is powered by an electric motor through a series of mechanical components. However, in case of vehicles with air break operated use pneumatic wipers. These wipers are operated by opening a valve which allows pressurized air to enter the motor. The various automobiles use two synchronized radial type arms, while commercial vehicles use one or more pantograph arms. To enhance safety and better driving experience the wiper system manufacturers and automotive OEMs working together for improving and developing the simple and economical wiper systems to protect the windscreen from uneven weathering. Automotive Wiper System Market Size To Expand at a Notable CAGR Of 5.6% During 2019 – 2023.
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The major key driving factor for the growth of this market is growing demand for advanced safety, convenience, and comfort systems. Furthermore, rise in demand for electric vehicle is set to drive the global automotive wiper system market. The growing adoption of stepper motor-based wiper system in passenger vehicles will further boost the growth of this market.
Key Players:
The prominent players in the global automotive wiper system include Valeo S.A. (France), Robert Bosch GmbH (Germany), DOGA Automotive (Spain), WAI Global (US), Magneti Marelli (Italy), DENSO Corporation (Japan), Pilot Automotive (US), Am Automotive (US), B. Hepworth and Company Limited (UK), and Mitsuba Corp. (Japan).
Automotive Wiper System Market Segmentation:
The global Automotive Wiper System Market is segmented on the basis of arm type, motor type, application, vehicle type, propulsion, and region.
On the basis of arm type, the market has been segmented into synchronized radial arm and pantograph arm.
On the basis of motor type, the market has been segmented into stepper and brush and brushless motors.
On the basis of vehicle type, the market has been segmented into passenger car and commercial vehicle.
On the basis of propulsion, the market has been segmented into ICE and electric vehicle.
On the basis of sales channel, the market has been segmented into OEM and Aftermarket.
Growth Factors:
The technological advancements in automotive wiper system device and improving economies from developing regions such as India, Agentina, Brazil, and UAE, are providing growth opportunities for the expansion of this market.
Increased investments in new product development will enable strategic mergers and acquisitions of small startup companies in this market, which will further enhance the global market during the forecast period. However, the major restraints for the global automotive wiper system market is increasing cost of the vehicle due to increasing R & D cost to design wiper system as per the dimensions required by OEMs.
Regional Analysis:
Geographically, the global automotive wiper system has been segmented into four major regions namely North America, Europe, Asia-Pacific, and the Rest of the World. The Asia-Pacific region is estimated to hold the largest market share during the forecast period owing to increasing production and sales of premium cars across the country. Furthermore, the rise in demand for safety features in vehicles and increasing investment by public and private players to develop automobile sector are contributing in the growth of this market in this region.
Table Of Contents
1. Executive Summary
2. Scope Of The Report
2.1. Market Definition
2.2. Scope Of The Study
2.2.1. Definition
2.2.2. Research Objective
2.2.3. Assumptions
2.2.4. Limitations
2.3. Research Process
2.3.1. Primary Research
2.3.2. Secondary Research
2.4. Market Size Estimation
2.5. Forecast Model
3. Market Landscape
3.1. Porter’s Five Forces Analysis
3.1.1. Threat Of New Entrants
3.1.2. Bargaining Power Of Buyers
3.1.3. Threat of Substitutes
3.1.4. Segment Rivalry
3.1.5. Bargaining Power of Buyers
3.2. Value Chain/Supply Chain Analysis
Continued…
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Website: https://www.marketresearchfuture.com/reports/automotive-wiper-system-market-7497
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