Automotive Washer System Market
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.
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 depends 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.
Market Taxonomy
This report segments the Global Automotive Washer System Market on the basis of Component, Vehicle Type, Product Type, Technology, Sales Channel and Region. On the basis of Component, Global Automotive Washer System Market is segmented into Nozzles, Reservoirs, Hose & Connectors, Pumps, Windshield Wipers and Wiper Motor. On the basis of Vehicle type, the Global Automotive Washer System Market is segmented into PC, LCV and HCV. On the basis of Product Type, the Global Automotive Washer System Market is segmented into Windshield Wiper System and Headlamp Wiper System. On the basis of Technology, the Global Automotive Washer System Market is segmented into Electrical and Mechanical. On the basis of Sales Channel, the Global Automotive Washer System Market is segmented into OEM and AM. On the basis of region, Global Automotive Washer System Market is segmented into North America, Latin America, Europe, Asia pacific, Middle East and Africa.
Key features of the study:
Detailed Segmentation:
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Table of Contents
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