Global wiper system market is estimated to reach USD 11.07 billion by 2025
The global wiper system market is estimated to reach USD 11.07 billion by 2025, according to a new study by Radiant Insights, Inc. The growing automobile production is expected to drive the market growth over the forecast period.
The improved standard of living and increase in GDP in developing regions has stimulated the purchase of automotive vehicles thereby, fostering the demand for these products. Moreover, the development in road infrastructure in these regions has encouraged commercial transport businesses that is expected to boost the adoption of commercial vehicles.
Rain sensing wipers are expected to be used on low cost car segments due to low cost of hardware such as sensors that reduce the overall cost of the wiper system. Thus, it is presumed to raise the functional value of the vehicle that would enable higher sale. Furthermore, these wiper systems increase the safety of the vehicle by minimizing driver distraction.
Download full research Report @ http://www.radiantinsights.com/research/wiper-systems-market
The industry comprises of small and large players that have varied supply channels. The large players mainly form supply relationship with the OEM manufacturers whereas smaller players adopt channels such as B2B e-commerce platforms. The market is highly competitive due to the fragmented nature and wide availability of aftermarket products that are cost effective and saves buyer's time.
Quality and pricing are two major factors that enable customer retention for the market players. Major players are undertaking research & development to develop sophisticated wiper systems that enables them to retain market position.
Request a Free Sample Copy of this Report @ http://www.radiantinsights.com/research/wiper-systems-market/request-sample
Further Key Findings From the Study Suggest:
• The increase in disposable income in developing regions encourage the purchase of vehicles thereby fostering the market growth for wiper systems
• Rain sensing wiper system is the fastest growing type segment and witnesses a CAGR of 5.0% over the forecast period
• The growing demand for Do-it-Yourself (DIY) has encouraged vehicle owners to install wiper systems conveniently and at a lower cost
• Passenger cars is the largest application segment due to widespread adoption mainly in emerging economies. The segment is expected to grow at a CAGR of 4.9% over the coming years
• Asia Pacific is the largest and the fastest growing regional segment due to increase in the automobile production in the region
• The key industry participants include Robert Bosch GmbH, ASMO Co., Ltd., Valeo S.A., Denso, Trico Products, MITSUBA, Federal-Mogul, WEXCO Industries, Inc., DOGA S.A., PMP Auto Components Private Limited among others
Browse all Report of this category @ http://www.radiantinsights.com/catalog/technology-and-media
About Radiant Insights
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
Media Contact:
Company Name: Radiant Insights, Inc
Contact Person: Michelle Thoras
Email : sales@radiantinsights.com
visit our website : http://www.radiantinsights.com/
Phone: (415) 349-0054
Address: 28 2nd Street, Suite 3036
City: San Francisco
State: California
Country: United States
The improved standard of living and increase in GDP in developing regions has stimulated the purchase of automotive vehicles thereby, fostering the demand for these products. Moreover, the development in road infrastructure in these regions has encouraged commercial transport businesses that is expected to boost the adoption of commercial vehicles.
Rain sensing wipers are expected to be used on low cost car segments due to low cost of hardware such as sensors that reduce the overall cost of the wiper system. Thus, it is presumed to raise the functional value of the vehicle that would enable higher sale. Furthermore, these wiper systems increase the safety of the vehicle by minimizing driver distraction.
Download full research Report @ http://www.radiantinsights.com/research/wiper-systems-market
The industry comprises of small and large players that have varied supply channels. The large players mainly form supply relationship with the OEM manufacturers whereas smaller players adopt channels such as B2B e-commerce platforms. The market is highly competitive due to the fragmented nature and wide availability of aftermarket products that are cost effective and saves buyer's time.
Quality and pricing are two major factors that enable customer retention for the market players. Major players are undertaking research & development to develop sophisticated wiper systems that enables them to retain market position.
Request a Free Sample Copy of this Report @ http://www.radiantinsights.com/research/wiper-systems-market/request-sample
Further Key Findings From the Study Suggest:
• The increase in disposable income in developing regions encourage the purchase of vehicles thereby fostering the market growth for wiper systems
• Rain sensing wiper system is the fastest growing type segment and witnesses a CAGR of 5.0% over the forecast period
• The growing demand for Do-it-Yourself (DIY) has encouraged vehicle owners to install wiper systems conveniently and at a lower cost
• Passenger cars is the largest application segment due to widespread adoption mainly in emerging economies. The segment is expected to grow at a CAGR of 4.9% over the coming years
• Asia Pacific is the largest and the fastest growing regional segment due to increase in the automobile production in the region
• The key industry participants include Robert Bosch GmbH, ASMO Co., Ltd., Valeo S.A., Denso, Trico Products, MITSUBA, Federal-Mogul, WEXCO Industries, Inc., DOGA S.A., PMP Auto Components Private Limited among others
Browse all Report of this category @ http://www.radiantinsights.com/catalog/technology-and-media
About Radiant Insights
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
Media Contact:
Company Name: Radiant Insights, Inc
Contact Person: Michelle Thoras
Email : sales@radiantinsights.com
visit our website : http://www.radiantinsights.com/
Phone: (415) 349-0054
Address: 28 2nd Street, Suite 3036
City: San Francisco
State: California
Country: United States
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