Global Automotive Washer Pumps Market 2017-2021
About Automotive Washer Pumps
Automotive washer pumps are used in almost every passenger and commercial vehicle. They provide clear visibility to the driver by cleaning the windshield and headlamp glasses. The high pressure needed to clean the dust or dirt from the glass is generated by washer pumps. A typical automotive washer pump has a cylindrical structure with a port for connecting hoses. The washing fluid flows through it to reach the nozzle. An inlet port, which is connected to the fluid reservoir, supplies the cleaning fluid to the pump. Almost every automotive washer pump is powered by an electric motor, which is plugged into it separately and gives an output of either 12V or 24V.
Technavio’s analysts forecast the global automotive washer pumps market to grow at a CAGR of 1.90% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global automotive washer pumps market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of automotive washer pumps.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Automotive Washer Pumps Market 2017-2021
Technavio recognizes the following companies as the key players in the global automotive washer pumps market: DENSO, VDO, Mitsuba, and Johnson Electric
Other Prominent Vendors in the market are: Valeo, TRICO, Bosch, ACDelco, Hella, Almity, ACI Auto, and dlhBOWLES
Commenting on the report, an analyst from Technavio’s team said: “Automakers are working on designing new intuitive windshield washing technologies. They are focussing on improving automotive wiper systems to provide a clear visibility of the road ahead, even when the wipers are working. A few of the world’s leading automotive manufacturers are working on integrating wipe-and-wash technologies into one system.”
According to the report, the sales of automotive washer pumps are expected to be highly dependent on the demand for passenger vehicles. This demand, especially for passenger vehicles, is continuously increasing worldwide and is driving the adoption of wiper systems. The global four-wheeler production was 94.76 million units in 2016, and it is expected to reach 113.54 million units by 2021. As the wiper with washer system is an essential feature in vehicles, it is expected to grow with the rise in four-wheeler production. This increase in the growth of four-wheelers will positively influence the sales of washer pumps as they are a part of the active safety systems, which are mandatory in vehicles. This will likely drive the growth of the washer pumps market during the forecast period.
Further, the report states that in the automotive industry value chain, OEMs have been absorbing the liability for most of the warranty costs and price pressure from the demand side in the past. However, this situation has changed over the last 5-6 years, where OEMs have pushed liabilities on tier-1 suppliers that in return push to component manufacturers. This has led to cost optimization across the industry to maintain profitability. One such means is to outsource manufacturing activities to low-cost countries such as China, Taiwan, South Korea, and India. The concentration of automotive part manufacturers in these countries is high. This is because of the drastic shift of electronic manufacturing to these countries owing to the cost advantage. These countries have low-cost labor compared with western countries, established raw material supply chains, and the easy availability of raw materials. However, these countries are gradually losing their cost advantage because of the rising labor costs. For instance, in China, the population has become more affluent and has moved up the learning curve, which has led to the higher cost of employment. It is observed that automotive part manufacturers, especially in China and Taiwan, face the problem of attrition as employees prefer moving to other manufacturers for even a small income raise. In fact, in 2014, experts from the Hong Kong Printed Circuits Association have observed the movement of employees from one manufacturer to another for a mere increase in income of $16-$35 per month. This has led to price wars among manufacturers to retain employees in their companies. This has increased labor costs, which, in turn, has led to a rise in production costs.
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DENSO, VDO, Mitsuba, Johnson Electric, Valeo, TRICO, Bosch, ACDelco, Hella, Almity, ACI Auto, and dlhBOWLES
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