Automotive Windshield Washer System Market Forecast by 2031
The automotive windshield washer system market size is projected to reach US$ 11,441.47 million by 2031 from US$ 7,063.05 million in 2023. The market is expected to register a CAGR of 6.2% during 2023–2031. The growing automotive sales and rising demand for passenger cars are likely to remain a key trend in the market.
Automotive Windshield Washer System Market Analysis
The growth of automotive sales continues to play a substantial crucial role in the growth of the overall market globally during the past years and is projected to remain a significant factor in powering the system demand in the coming years. Factors such as rising disposable income fueling the demand for passenger vehicles in the APAC countries, along notable presence of automotive manufacturing facilities in the APAC, are projected to accelerate the development of the global market during the forecast period. In addition to this, the significant presence of an existing number of passenger vehicles and commercial vehicles globally is also expected to provide a steady business growth opportunity for the market players across the developed economies such as Europe and North America regions through aftermarket sales and distribution networks.
Automotive Windshield Washer System Market Overview
The major stakeholders in the global automotive windshield washer system market ecosystem include components and raw material providers, windshield washer system manufacturers, and vehicle manufacturers (OEMs). The component and raw material providers offer various components and raw materials to windshield washer system manufacturers for the manufacturing of windshield washer systems. Further, OEMs purchase the windshield washer systems to integrate those into vehicles. The players operating windshield washer system market usually enter into long-term agreements/partnerships with OEMs to supply these systems.
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Automotive Windshield Washer System Market: Strategic Insights
Market Size Value in US$ 6,435.4 million in 2021 Market Size Value by US$ 9,234.3 million by 2028 Growth rate CAGR of 5.3% from 2021 to 2028. Forecast Period 2021- 2028 Base Year 2021
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Automotive Windshield Washer System Market: Strategic Insights
| Market Size Value in | US$ 6,435.4 million in 2021 |
| Market Size Value by | US$ 9,234.3 million by 2028 |
| Growth rate | CAGR of 5.3% from 2021 to 2028. |
| Forecast Period | 2021- 2028 |
| Base Year | 2021 |
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Automotive Windshield Washer System Market Drivers and Opportunities
Growing Development of Automotive Sector in Emerging Countries to Favor Market
The growing sales of passenger and commercial cars in developing nations like India, China, and Japan, among others, are boosting the demand for the automotive windshield washer system market. The booming automotive sector and rising adoption of advanced technologies by OEMs in the automotive sector are anticipated to propel the growth of the automotive windshield washer system market globally. The automotive OEMs are focusing on introducing various advanced features that improve vehicle competence, efficiency, and visual aesthetics, among other performance indicators in the vehicle. Among these, the automotive automotive windshield washer system can be explained as a specially designed feature. The growing consumer preference for more comfort and easy driving technologies is fostering the growth of the automotive windshield washer system market worldwide.
Integration of Superior Components in Washer System to Gain Traction
The effective incorporation of the Internet of Things (IoT) allows automotive components and systems to interact with their surroundings and internal systems to provide efficient solutions. Rain-sensing wipers are steadily gaining acceptance in the mid-size automobile category. Many businesses are also developing a synchronized system merging weather forecasts and rain-sensing wiper technology in collaboration with prominent automotive manufacturers. For example, Valeo has made technological advancements in the wiping mechanism. The introduction of the flat wiper blade is one of the most significant advancements in automotive windshield washer systems in recent years.
Automotive Windshield Washer System Market Report Segmentation Analysis
Key segments that contributed to the derivation of the automotive windshield washer system market analysis are component and vehicle type.
- Based on the components, the automotive windshield washer system market is divided into hose & connectors, nozzles, reservoirs, pumps, and wipers. The pumps segment held a larger market share in 2023.
- Based on the vehicle type, the automotive windshield washer system market is divided into commercial vehicle, passenger vehicle, and off-road highway vehicle. The passenger vehicle segment held a larger market share in 2023.
Automotive Windshield Washer System Market Share Analysis by Geography
The geographic scope of the automotive windshield washer system market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
The scope of the automotive windshield washer system market report encompasses North America (the US, Canada, and Mexico), Europe (the UK, Germany, Italy, France, Russia, and the Rest of Europe), Asia Pacific (South Korea, Australia, India, Japan, China, and the Rest of Asia Pacific), the Rest of World (Middle East & Africa, and South & Central America). In terms of revenue, Asia Pacific dominated the automotive windshield washer system market share in 2023. Europe is the second-largest contributor to the global automotive windshield washer system market, followed by North America.
Automotive Windshield Washer System Market Report Scope
Automotive Windshield Washer System Market News and Recent Developments
The Automotive Windshield Washer System market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the Automotive Windshield Washer System market are listed below:
- Robert Bosch GmbH announced the acquisition of Five. Bosch has been a driving factor in the advancement of this profession. It's now bolstering its position by purchasing Five, Europe's leading autonomous driving firm. The deal is still awaiting approval from antitrust regulators. (Source: Robert Bosch GmbH, Press Release, April 2022)
- Mergon announced its acquisition of Weltonhurst to increase its production capabilities and provide a foundation for the company to extend its operations with UK clients. Weltonhurst has been manufacturing plastic components for the industrial, healthcare, and packaging industries for more than four decades and has a long list of satisfied customers in the UK and abroad. (Source: Mergon Group, Press Release, March 2022)
Automotive Windshield Washer System Market Report Coverage and Deliverables
The “Automotive Windshield Washer System Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Automotive windshield washer system market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Automotive windshield washer system market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST and SWOT analysis
- Automotive windshield washer system market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the automotive windshield washer system market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Component, and Vehicle Type
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Australia, Canada, China, France, Germany, India, Italy, Japan, MEA, Mexico, Middle East and Africa, Russian Federation, SAM, South America, South Korea, United Kingdom, United States
Frequently Asked Questions
Asia Pacific dominated the automotive windshield washer system market in 2023.
The integration of superior components in the washer system to gain traction is the future trend of the automotive windshield washer system market.
Robert Bosch GmbH, Bowles Fluidics, Continental AG, Denso Corporation, Doga Group, Hella, Inc., Kautex, Mergon Group, Mitsuba Corporation, and Trico Products Corporation are some of the leading players in the market.
US$ 11,441.47 million estimated value of the automotive windshield washer system market by 2031.
6.2% is the expected CAGR of the automotive windshield washer system market.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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