Automotive Washer System Market Analysis, Size, Share, Growth, Trends and Forecast 2027


Posted March 26, 2020 by rohit890

There are major two types of automotive washer systems namely the windshield washer system and headlamp washer system.
 
March 26, 2020 — Market Overview

There are major two types of automotive washer systems namely the windshield washer system and headlamp washer system. Windshield washer system- This system is the standard safety feature available in all automotive vehicles produced across the globe, so as to provide clear visibility to the driver. Windshield washer system includes numerous components such as nozzles, washer fluid reservoirs, hose and connectors, windshield washer pump, wiper arm, wiper blade, and front & wiper motor. Headlamp washer system- Headlamp washer system is mostly available in premium and luxury vehicles such as SUVs and sedans.

The global Automotive Washer System Market was accounted for US$ 20,170.4 Mn in terms of value and 1,605.9 Mn in units in terms of volume in 2019 and is expected to grow at CAGR of 5.1% for the period 2019-2027

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Market Dynamics

Increasing vehicle production and adoption of efficient wiper and washer technologies are the major factors boosting the market growth. Furthermore, rising urban population density combined with increasing adoption of fuel-efficient automobiles has led to increase in global automotive production significantly. According to Coherent Market Insights’ analysis, global automotive production output is expected to increase at a CAGR of 2.9% over 2016–2026, to reach annual production of 122.1 Mn units by 2026. Furthermore, according to the Organisation Internationale des Constructeurs d'Automobiles (OICA), global automotive vehicle production output in 2015 was 90.1 Mn units, with Asia Pacific and Oceania accounting for 51.9% of the total production. Thus, these factors are expected to drive the market growth in the near future. According to Coherent Market Insights’ analysis, the global automotive aftermarket is projected to be valued at US$ 1.2 Trn by 2020, expanding at a CAGR of 3.9% over 2016–2020. The operational life of automotive components is highly dependent on utilization and has a threshold lifespan. Furthermore, replacement of washer system components such as wipers, blades, pumps, and nozzles depend on the varying driving conditions. With shifting supplier focus towards lightweight components with multiple vehicle model compatibility, component manufacturers are aiming to capitalize on the sustainable growth of passenger cars and light commercial vehicles. Moreover, flourishing e-commerce ecosystem allows OEMs and component suppliers to cater to a wider customer base. Thus, strong aftermarket sales are expected to support the global automotive washer system market growth over the forecast period.

Detailed Segmentation:

Global Automotive Washer System Market, By Component:

Nozzles

Reservoirs

Hose & Connectors

Pumps

Windshield Wipers

Wiper Motor

Global Automotive Washer System Market, By Vehicle type:

PC

LCV

HCV



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Key players operating in the global automotive washer system market are Kautex Textron GmbH & Co. KG, Robert Bosch GmbH, Trico Products Corporation, Denso Corporation, Mergon Group, Valeo SA, Mitsuba Corporation, Continental AG, Ningbo Joyson Electronic Corp, and HELLA KGaA Hueck & Co.

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Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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Contact Email [email protected]
Issued By coherent market insights
Country India
Categories Advertising , Blogging
Last Updated March 26, 2020
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