Technology Developments Drive the Wiper Systems Market, According to New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on Wiper Systems markets. Global market for Wiper Systems is projected to reach US$7.6 billion by 2018, primarily driven by technology developments, steady increases in automotive production in developing countries, and strong replacement demand.

Wiper Systems: A Global Strategic Business Report

Follow us on LinkedIn – The importance of driver visibility cannot be undermined, given the fact that compromised and poor visibility is widely acknowledged as a prime cause for vehicle accidents across the globe. Dusty windshields are often a key reason for poor visibility in addition to inadequate vehicular lighting, and harsh weather conditions such as rain, dew, and snow. The alarming rise in traffic accidents and fatalities underscores the grave necessity to empower the driver through innovations in advanced safety technologies that aid in improving a driver’s visibility.

Windshields represent a critical component of a vehicle’s safety system as they offer a clear view of the road ahead. Technology innovation in auto glass has helped enhance the strength and clarity of the glass while simultaneously reducing optical distractions, thus optimizing visibility. Windshield wipers are indispensable systems as important as windshields. While the windshield protects the driver from the wind, rain and snow, the wiper systems help clear the rain and snow from the windshield preventing blurring and clouding, to provide superior visibility. Growing awareness over the importance of windshield care and maintenance is driving growth in the market for wiper systems. Market prospects for wiper systems will continue to remain encouraging given the fact that driving is a necessity for most people across the globe irrespective of the weather condition.

Technological advancements and new product innovations, over the years, have made Wiper Systems more cutting edge, offering compelling benefits to customers. Design, quality, ease of installation and usage and comfort are major factors driving growth in the market. The sheer diversity in vehicles being manufactured is necessitating manufacturers of wiper systems to develop a broad range of solutions to suit the numerous automotive design styles. Developing wiper blades for large and curved windshields with desired performance and durability standards therefore has become a priority for manufacturers. With automotive manufacturers also focusing on incorporating larger vehicle cabin space and fuel efficiency, demand for lightweight and smaller size wiper components are on the rise.

Growth in the market is also expected to stem from strong replacement demand especially in developed markets largely due to a strong base of vehicle fleet. Increase in the operating life of vehicles and growth in the number of vehicles in operation represent key factors fueling growth in the aftermarket. Commercial vehicle wiper systems in particular are subject to significant wear and tear given the long distances these vehicles travel and greater use of wiper systems, thereby necessitating more frequent repairs or replacements. As vehicle age increases, there will be a greater need for regular maintenance and also for replacements, refurbishments, and repair, thus translating into high demand for aftermarket/replacement wiper systems.

Strong automotive production in developing countries is also expected to spur demand for wiper systems in the OEM market. Automotive production and sales in BRIC countries, after a temporary slowdown, is forecast to grow steadily driven by healthy gains in GDP growth, growing population, rising employment levels, rising disposable incomes of an expanding base of middle class population, and improving standards of living, among others. Increased investment in the industrial and infrastructure sector additionally bodes well for the market. Lower per capita vehicle ownership is another major factor driving automobile demand and production in these nations, thus fueling market prospects for wiper systems.

As stated by the new market research report on Wiper Systems, Europe represents the largest market worldwide. Asia-Pacific is forecast to emerge as the fastest growing regional market with a CAGR of 7.7% over the analysis period, led by strong gains in countries like China and India.

Major players in the market include ASMO Co. Ltd., Denso Corporation, Federal-Mogul Corporation, Hella KGaA Hueck & Co., JAMAK Fabrication, Mitsuba Corporation, Robert Bosch GmbH, Trico Products Corporation, Valeo S.A., and WEXCO Industries Inc., among others.

The research report titled “Wiper Systems: A Global Strategic Business Report”, announced by Global Industry Analysts, Inc., provides a comprehensive review of market trends, issues, drivers, company profiles, mergers, acquisitions and other strategic industry activities. The report provides market estimates and projections in US$ for all major geographic markets including the United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, South Korea, and Rest of Asia-Pacific), Middle East and Latin America (Brazil, Mexico, and Rest of Latin America). End-use segments analyzed include OEM and Aftermarket.

For more details about this comprehensive market research report, please visit
http://www.strategyr.com/Wiper_Systems_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

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Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/

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