Global Automotive Heated Wiper Blade System Aftermarket 2016-2020
About Wiper Blade System in Automobiles
The automotive wiper blade system forms a fundamental part of any kind of automobile. Although the system comes as a standard fitment with every vehicle, it was invented many years after the invention of automobiles. An American woman named Mary Anderson from Alabama is believed to have invented the equipment. The idea struck her while she was travelling to New York city, US, during winters in a trolley car and noticed that the driver had limited visibility due to frost formation on the windshield.
Technavio’s analysts forecast the global automotive heated wiper blade system aftermarket to grow at a CAGR of 13.75% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global automotive heated wiper blade system aftermarket for 2016-2020. To understand and calculate the global automotive heated wiper blade system market size based on geography, a top-down approach is used, where the market is derived from the overall automotive heated wiper blade system application volume.The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Automotive Heated Wiper Blade System Aftermarket 2016-2020
Technavio recognizes the following companies as the key players in the global automotive heated wiper blade system aftermarket: Tinsin, BeRoadSmart, Thermalblade, Everblades, and Heat and Clean.
Other Prominent Vendors in the market are: Heatflexx
Commenting on the report, an analyst from Technavio’s team said: “that development of new all-weather proof wiper blade technology is one of the trends spurring growth for the market. Advancements in wiper blade technology are evident with the development of new systems that ensure clear visibility of the road ahead. Designers and developers of automotive components are creating wiper blade systems that have quick response time and provide streak-free visibility during extreme weather conditions. One of the advanced heated wiper blade system consists of heated fluid within the blade frame, which is released to clear, streak-free view of the road ahead. This technology offers optimum convenience when used on windshields with frozen ice and can also be used to seamlessly wipe out salt stains from a windshield. Thus, the use of all-weather proof wiper blade technology is a new trend that is expected to auger well for the growth of the market during the forecast period.”
According to the report, emerging e-commerce trend is a key driver aiding to the growth of this market. It has been more than a decade since automotive e-commerce marketplace has helped make shopping for vehicular parts easy. Over the years, the online marketplace has become competitive with numerous players entering in the field, comprehensive product offering. E-commerce in retailing of online automotive products has already gained popularity and momentum with well-established players foraying into the arena. In recent years, the automotive aftermarket has experienced significant digital penetration across the world, especially in the west. The primary reason for the increasing popularity of e-commerce websites is due to the availability of do-it-yourself (DIY) products. Moreover, competitive pricing and home delivery services are other important factors among customer's preference for online purchasing.
Further, the report states that stringent government norms and regulations is challenge the market is facing. Manufacturers of global automotive heated wiper blade systems in the aftermarket in various countries are subject to various laws and government regulations. Companies have to comply with various business and investment approval processes, and adhere to import and export regulations. They also have to adhere to regulations related to commerce, antitrust, patents, consumer rights, taxation, foreign exchange, environmental conservation, recycling, and safety. Regulatory changes can have a detrimental effect on the financial condition of a company and its performance. A significant amount of capital is also spent on complying with these regulations. Therefore, failure to generate sufficient sales to recover this investment could adversely affect a company's performance.
Tinsin, BeRoadSmart, Thermalblade, Everblades, Heat and Clean, Heatflexx
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook