Los Angeles, February 14, 2020 - Automotive windshield wiper is an important component of a vehicle as it clears out the snow, rain, and dirt from the windshield to help maintain clear vision for drivers. QY Research recently published a report titled, “Global Windshield Wiper Blades Market Insights, Forecast to 2025”. According to the report, global windshield wiper blades market size grew from US$3320 mn in 2017 and is expected to reach US$3800 mn by the end of 2025, rising at a CAGR of 1.7% during the forecast period.
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Stringent Regulations around Vehicle Safety to Drive Global Market
The robust growth of automation industry has attracted stringent regulations around the safety of the vehicles. Wipers are thus gaining popularity as visibility is a key component of safe driving specially during rainstorm and snow. They are one of the important safety features of a vehicle, making their demand indispensable to the automotive industry. In addition, to provide more safety to the passengers many manufacturers have also added wipers on the rear windshield. They are one of the most affordable safety measure that can be installed easily. These factors will be boosting the demand of the market through the forecast years.
Boneless Wiper Segment to Observe Exponential Demand in Market
Boneless wipers are expected to observe exponential demand as they allow wiper blades to fit directly on the windshield arm. They are more even throughout contact, reducing streaks, and increasing visibility during torrential downpours. These factors will help the boneless wipers segment to hold larger market share in the forecast years.
Europe and North America to Report Huge Growth in Market
The demand for the windshield wipers will grow in Europe and North America due to the changing climate leading to excessive hailstorm, rainfall, and snowing. Furthermore, stringent safety regulations in this region will further boost its demand. These factors will boost the demand of the market from these region drastically.
Manufacturers to Bring Innovation through Partnership
Valeo along with Hexagon and Hyundai unveiled a new high-precision vehicle positioning system. The system has been researched by the players together to achieve centimetre level positioning accuracy from autonomous driving, safety applications for road users, lane level navigation, and Vehicle to Everything (V2X) applications. Together, the companies are focusing on bringing innovation through partnership and expand their footprints in the global landscape.
The manufacturers covered in this report includes Valeo, Bosch, KCW, Federal-Mogul, AIDO, Denso, METO, Trico, Sandolly, Mitsuba, Bosson, Gates, Guoyu, HELLA, Lukasi, ITW, ICHIKOH, DOGA, CAP, and others.
QY Research established in 2007, focus on custom research, management consulting, IPO consulting, industry chain research, data base and seminar services. The company owned a large basic data base (such as National Bureau of statistics database, Customs import and export database, Industry Association Database etc), expert’s resources (included energy automotive chemical medical ICT consumer goods etc.
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