The wiper systems market has been forecast to reach a value of US$7.6 billion by 2018, primarily driven by technological developments, steady increases in automotive production in developing countries, and strong replacement demand.
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.
A windscreen wiper or windshield wiper is a device used to remove rain and debris from a windscreen or windshield. Almost all motor vehicles, including trains, aircraft and watercraft, are equipped with such wipers, which are usually a legal requirement.
A wiper generally consists of an arm, pivoting at one end and with a long rubber blade attached to the other. The blade is swung back and forth over the glass, pushing water from its surface.
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.
Manufacturer efforts in spreading awareness and introducing products that can alert car owners when the blade needs to replaced will especially boost market prospects further for wiper systems market. Additionally, the huge untapped market for rear wiper blade replacements, also present considerable market opportunity for wiper systems in the upcoming years.
Europe represents the largest market worldwide, while Asia-Pacific is forecast to emerge as the fastest growing regional market with a compound annual growth rate (CAGR) of 7.7% through to 2018, led by strong gains in countries like China and India.
For more information on the wiper systems market, see the latest research: Wiper Systems Market Research
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