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Wiper Systems: A Global Strategic Business Report

Global wiper systems market: $7.6 billion industry by 2018


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2014-02-21 13:12:05 - Wiper Systems: A Global Strategic Business Report - a new market research report on companiesandmarkets.com

The Global Wiper Systems market is projected to reach US$7.6 billion by 2018, primarily driven by technology developments, steady increases in automotive production in developing countries, and strong replacement demand.

The importance of driver visibility cannot be undermined, given the fact that compromised and poor visibility is widely acknowledged as a prime cause for vehicle accidents across the globe. Dusty windshields are often a key reason for poor visibility in addition to inadequate vehicular lighting, and harsh weather conditions such as rain, dew, and snow. The alarming rise in traffic accidents and fatalities underscores the grave necessity to empower the driver through innovations in advanced safety technologies that aid in improving a driver´s visibility.

Technological advancements and new product innovations, over

 

 

the years, have made Wiper Systems more cutting edge, offering compelling benefits to customers. Design, quality, ease of installation and usage and comfort are major factors driving growth in the market. The sheer diversity in vehicles being manufactured is necessitating manufacturers of wiper systems to develop a broad range of solutions to suit the numerous automotive design styles. Developing wiper blades for large and curved windshields with desired performance and durability standards therefore has become a priority for manufacturers. With automotive manufacturers also focusing on incorporating larger vehicle cabin space and fuel efficiency, demand for lightweight and smaller size wiper components are on the rise.

Europe represents the largest market worldwide. Asia-Pacific is forecast to emerge as the fastest growing regional market with a CAGR of 7.7% over the analysis period, led by strong gains in countries like China and India. Global Industry Analysts ©

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