Global Windscreen Wiper Blade Market - WishTree Insight

Global Windscreen Wiper Blade Market by Type (Bone Wiper Blades and Boneless Wiper Blades), Application (Original Equipment Manufacturers (OEMs) Market and Aftermarket), and Regions, The Asia Pacific, Middle East Africa, Europe, North America, and Latin America) - Global Industry Analysis, Share, Growth, Trends, Size, and Forecast 2021 – 2031

The Windscreen Wiper Blade market size was valued at USD 7.1 billion in 2021 and is expected to surpass USD 8.1 billion by 2031, expanding at a CAGR of 1.9 % during the forecast period, 2021–2031. The market's growth is attributed to the increasing global demand and production of passenger vehicles.

INTRODUCTION

Windscreen wiper blades are used to keep the window clean. It moves forth and back to sweep the water away. It consists of two end ferrules, a spring steel sheet, a rubber strip, and a pivot socket.

These blades are used in automobiles' front and rear windshields to remove rainwater, dirt, and snow. Furthermore, in some areas where the weather condition is severe, the headlamps are also equipped with wiper blades. The more vehicles that are used the life of wipers becomes short and need to be replaced frequently, which creates a huge replacement market opportunity.

Market Trends, Drivers, Restraints, and Opportunities

• Increasing global demand and production of passenger vehicles is expected to drive the market growth.
• The global rise in the production and sales of automobiles is a key driving factor creating lucrative growth in the market.
• New developments by market players have consolidated existing market positions.
• Increased vehicle demand and high-technology wipers are the significant drivers in the market.

Scope of the Report

Market Segment Insights

The boneless wiper blade segment is projected to register a considerable CAGR

Based on type, the windscreen wiper blade market is bifurcated into bone wiper blades and boneless wiper blades. The boneless wiper blade segment is expected to expand rapidly during the forecast period as it does not need to replace the wiper arm. However, the bone wiper blade segment is anticipated to hold a key share of the market in the coming years.

The original equipment manufacturer market segment is expected to expand at a rapid pace

Based on application, the windscreen wiper blade market is divided into the original equipment manufacturers (OEMs) market and aftermarket. The original equipment manufacturers (OEMs) market segment is expected to expand rapidly during the forecast period.

The North American region is anticipated to constitute a key market share

In terms of regions, the windscreen wiper blade market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market of the North American region is expected to constitute a key share of the market during the projected period. The growth of the market in this region is attributed to the increase in vehicle production and the presence of prominent manufacturers in the region. The technological breakthroughs for new product inventions by manufacturers are driving market growth. However, the market in Europe is expected to expand at a rapid pace during the forecast period. Europe is known for its engineering skill, innovation, dependability, aesthetics, safety, and the world-class motor industry. Germany and Italy are Europe’s largest production and sales markets.

Competitive Landscape

Key players competing in the windscreen wiper blade market are Denso Corporation (Japan); TRICO Products Corp. (U.S.); Xiamen Lukasi Car Accessories Co. Ltd. (China); Pilot Automotive (U.S.); Valeo SA (France); Cap Co. Ltd. (CAPCO) (U.S.); Michelin (France).

FAQs

How much is the market worth?

The windscreen wiper blade market size was valued at USD 7.1 billion in 2021 and is expected to surpass USD 8.1 billion by 2031.

Mention the market size of the windscreen wiper blade in 2021.

The market size of the windscreen wiper blade in 2021 was USD 8.1 billion.

During the forecast period, what is the CAGR of the market?

During the forecast period, the CAGR of the market is expected to be 1.9%.

What are the key drivers of the market?

The market's growth is attributed to the increasing global demand and production of passenger vehicles.

Mention which region is expected to hold the highest share of the windscreen wiper blade market.

The North American region is expected to hold the highest share of the windscreen wiper blade market.