Research Nester released a report titled “Europe Windshield Wiper Blades Market: Industry Demand Analysis & Opportunity Outlook 2027” which delivers detailed overview of the Europe windshield wiper blades market in terms of market segmentation by blade, by vehicle, by technology, by channel and by country.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
Wiper blades for windshield are used for cleaning the windscreen of vehicles in order to obtain an unobstructed and clear view of the road. These are commonly used during harsh environmental conditions such as during heavy rain. The market for wiper blades for windshield in Europe is projected to grow at a CAGR of 5.04% over the forecast period, i.e., 2019-2027. The market is segmented by blade, by vehicle, by technology, by channel and by country.
Based on vehicles, the market is segmented into commercial and passenger vehicles. According to the European Automobile Manufacturers Association 2019, the EU passenger car fleet rose by 8% during the past five years, with the number of cars on the road increasing from 248 million in 2014 to 268 million in 2018. On account of this, the passenger vehicles segment is predicted to hold the largest share in the market in the coming years. The increasing adoption of EU regulations regarding CO2 emission performance standards for new passenger cars is a major factor responsible for the market growth. The passengers vehicle segment is further sub-segmented into hatchback, sedan, SUV and sports car, out of which, the SUV segment is projected to grow the highest at a CAGR of 5.62% over the forecast period. On the basis of country, the market in Romania is anticipated to observe the highest growth rate out of all other countries in the European region.
Rising Production of Light Commercial Vehicles (LCV) to Drive the Market Growth
Increasing production of Light Commercial Vehicles (LCV), buses and coaches is estimated to become a major factor driving the growth of windshield wiper blades market in Europe. The growing demand for these vehicles in the region can be attributed to the emergence of various new platforms for ride sharing. The use of wiper blades at both the front and rear windshields for resistance against UV light and other harsh environmental conditions is another major growth factor for the market. However, the fluctuation in the production of passenger cars is predicted to hamper the growth of windshield wiper blades market in Europe over the coming years.
This report also provides the existing competitive scenario of some of the key players of the Europe windshield wiper blades market which includes company profiling of Trico, B Hepworth & Co. Ltd., Tex Automotive Ltd., HELLA GmbH & Co. KGaA, Michelin, Continental AG, Robert Bosch GMBH, Mitsuba Corporation, Doga SA, Magneti Marelli S.p.A, CAP CO., Denso Corporation and Illinois Tool Works (ITW). The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the Europe windshield wiper blades market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.