The APAC automotive windshield washer system market is expected to grow from US$ 3,826. 3 million in 2019 to US$ 4,437. 6 million by 2027; it is estimated to grow at a CAGR of 7. 0% from 2020 to 2027.
New York, March 02, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Asia Pacific Automotive Windshield Washer System Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Component and Vehicle Type" - https://www.reportlinker.com/p06004127/?utm_source=GNW
Refined and upgraded performance of windshield washer system in cold weather conditions across APAC is expected to positively affect the APAC automotive windshield washer system market growth.Due to the continuous advancements in technology, capabilities of the washer system to perform across varying weather conditions have improved significantly in the past decade.
Moreover, as numerous system providers and market stakeholders—such as material suppliers, technology providers, and original equipment manufacturers (OEMs)—across APAC region continue to provide the necessary increment in the overall improvement of the windshield washer systems, the APAC market is poised to witness a robust as well as an efficient solution capable of ensuring seamless performance in cold weather condition and other environments.So, the continuous advancements by manufacturers in windshield washer systems for performance improvement in different weather conditions, especially cold weather, are expected to drive the APAC automotive windshield washer system market.
Other factors such as growing technological innovations for sustainable advantage are expected to drive the APAC automotive windshield washer system market during forecast period.
APAC, especially China and India, is highly affected due to the COVID-19 outbreak.China imposed strict lockdown and social isolation, which virtually halted the manufacturing as well as production of numerous automotive OEMs and OESs for several weeks resulting in shrinking its market demand.
Moreover, the country also isolated its import as well as export of critical raw materials and components for numerous automotive vehicles, thereby impacting the supply chain of various end-use industries.Similarly, India imposed a nationwide lockdown to mitigate the growing number of COVID-19 cases across the country.
The subsequent lockdown and disruption of numerous industrial equipment across China and India has contributed significantly in negatively impacting the automotive windshield washer system market growth across the APAC region. In addition to this, the shutdown of several wholesalers, distributors and sales representatives has limited the availability of automotive aftermarket products or their related components from other European and North American market players.
Based on component, the wipers segment is expected to be fastest growing segment for the APAC region during forecast period.Windshield wipers are an important component of the automotive windscreen washer system.
They generally help remove dust particles, raindrops, and other debris from a vehicle’s front window so the vehicle’s driver can get the safety during driving.The windshield wiper system comprises wiper drive and two wipe arms linked with it.
Aspects, such as rise in demand for automobiles and acceptance of rear wiper in a new type of vehicles, drive the sales of the automotive wiper.This, in turn, is likely to offer a growth opportunity for the APAC automotive windshield washer system market.
Also, rise in technological advancements for wipers are expected to drive the APAC windshield washer system market. Several companies across APAC offer clear contact premium beam wiper blades, which offer several features such as its advanced beam design maintains an even pressure on the wiper blade for regular windshield clearing performance, from edge to edge. For instance, Denso offers several types of wiper blades—such as hybrid wiper blades, flat blades, conventional blades, and rear blades—depending on the requirement. In 2019, Denso Corporation declared that Nippon Wiper Blade and Asahi Manufacturing Co, both subsidiaries of Denso, merged on October 1, 2019, and made a new start as Denso Wiper Systems, Inc. Advancements in wipers with upgraded features, such as hybrid wiper blades and flat blades, are expected to increase the demand for wipers during the forecast period, thereby driving the APAC automotive windshield washer system market.
The overall APAC automotive windshield washer system market size has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the APAC automotive windshield washer system market.
The process also serves the purpose of obtaining overview and forecast for the APAC automotive windshield washer system market with respect to all the segments pertaining to the region.Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic.
The participants who typically take part in such a process include industry experts, such as VPs, business development managers, automotive windshield washer system market intelligence managers, and national sales managers, along with external consultants, such as valuation experts, research analysts, and key opinion leaders specializing in the APAC automotive windshield washer system market.Denso Corporation; DOGA; HELLA GmbH and Co.
KGaA; Kautex Textron GmbH & Co. KG; Mergon Group; MITSUBA Corporation; Robert Bosch GmbH; Trico Products Corporation; and Zhejiang Zhenqi Auto Parts Corp., Ltd. are among key players operating in the APAC automotive windshield washer system market.
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