Global auto windscreen wiper
market is expected to grow over the eight year period owing to increase in
urbanization in developing region. Rise in disposable income and demand for
sophisticated automobiles is expected to further drive the market growth over
the forecast period. Major regional markets include Central & South
America, North America, Middle East & Africa, Asia Pacific, and Europe.
Among the developing region India and China are projected to dominate the regional
market owing to increase in disposable income and improving living standards.
China is presumed to show highest growth in the regional market as it is one of
the emerging economies. Increase in
automobile manufacturing sector is presumed to fuel the market growth.
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Thus demand for auto
windscreen wiper is expected to increase over the forecast period. The
companies are presumed to invest on R & D to develop better product.
Product innovation will open new opportunity for the Thus is expected to propel
the industry demand over the eight year period. Increase in automobile
production in emerging economies including India and China is expected to
increase the overall demand for wiper systems over the next eight years.
Increase in raw material prices coupled with lack of consumer awareness of the
recent innovations and technologies is expected to restrict the market growth
over the forecast period.
Growing technological
innovations in reversible & integrated wiper systems among OMES is expected
to propel the market growth. Rising disposable income coupled with increasing
demand for highly sophisticated wiper systems in emerging economies is
anticipated to provide growth opportunities for the market in the future.
Companies are investing heavily on research and development of new products to
gain maximum market share in the near future. Industries participants are
presumed to take strong measures to provide innovation in non-explosive
demolition agents industry in an aim to gain competitive advantage over other
market players and to deliver better & innovative quality product.
Prominent industry participants include Denso corporation, Robert Bosch Gmbh,
WEXCO industries, Valeo S.A., Trico products corporation, Federal-Mogul
corporation and Mitsuba corporation.
The research report on global
auto windscreen wiper market projects drivers, opportunities, growth figures,
restraints, and trends. These factors are expected to be seen in this market
over the forecast period of 2016 to 2024. For this purpose, our research is
done to understand the overall Industry. The study is done by studying
different segments such as region and application. The industry structure is
observed from the recent past and the future growth is estimated over the eight
year period based on the data collected. The research is done on an extensive secondary
& primary data collection method from secondary and primary sources.
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