The Europe automotive windshield washer system market is expected to grow from US$ 1,756.1 million in 2019 to US$ 1,899.9 million by 2027; it is estimated to grow at a CAGR of 6.0% from 2020 to 2027. Increase in number of automotive sales is expected to drive the Europe automotive windshield washer system market.Increase in number of annual automotive sales across Europe continues to be the most significant factor contributing to the growth of the overall Europe automotive windshield washer system market.
The windshield washer system plays a crucial role in enabling visibility for the automotive driver in various weather conditions, such as snowfall, rainfall, and winds.As a result, the windshield washer system has become a significant component across commercial and passenger vehicles since their introduction in the early 1990s.
Furthermore, rising disposable income of individuals across Europe continues to provide a lucrative market for passenger vehicles and subsequently expected to offer several lucrative business opportunities for the Europe automotive windshield washer system market.Automotive vehicle sales, especially passenger vehicles, have a profound influence over the Europe market’s growth.
The steady demand from aftermarket sales across Europe is also anticipated to gain traction during the coming years. Factors, such as significant number of existing vehicles and constant demand from countries with varying temperature conditions, are expected to contribute considerably to rising demand from aftermarket sales. Growing use of automotive around Europe is expected to increase the demand of windshield washer systems, thereby driving the Europe automotive windshield washer system market. Other factors, such as merging of superior components in washer system to gain traction, are expected to escalate the Europe automotive windshield washer system market. In case of COVID-19, European region witnessed a varying impact of the pandemic across its economically diverse countries.Countries, such as Germany, the UK, the Netherlands, and France, imposed stringent government restrictions and closed their borders to curb the virus spread, thereby plummeting the demand as well as availability of various automotive components, including washer systems.
Other countries, such as Italy, Russia, and Spain, witnessed a significant surge in cases, which notably impacted the demand for passenger vehicle sales during the April to July period.This, in turn, has directly affected the Europe automotive windshield washer system market.
However, numerous European countries did recover swiftly in the recent months and witnessed a reliable surge in demand for automotive sales and its associated components among the original equipment manufacturers and aftermarket sales. Based on vehicle type, the passenger vehicle segment led the Europe automotive windshield washer system market in 2019.Increase in passenger car sales has shown a positive rise due to a rise in consumer demand for fuel-efficiency and ease of traveling’s, such as in crossover and SUVs.
Lower interest rates on vehicle loans across Europe have offered a positive side to consumers in purchasing more expensive passenger vehicles.Passenger cars would succeed as the most important vehicle segment in the Europe automotive windshield washer system market during the forecast period.
Except for safety systems that provide assistance to drivers, automobile OEMs are focusing on the development and design of innovative systems for retaining the cleanliness of a vehicle’s windshield, which would also provide new opportunities to the Europe automotive windshield washer system market.Mercedes Benz introduced a windshield washing system, known as “Magic Vision Control,” for its premium vehicles.
This type of windshield washer system is combined with heated wiper blades for reserved performance in cold weather conditions, along with a wash-and-wipe configuration. Other OEMs, such as BMW and Audi, are also focusing on developing and providing technologically advanced windshield washer systems in their vehicles, which would provide a positive impact on the Europe market. The passenger vehicle segment is expected to dominate the Europe market during forecast period. This would directly impact the demand for windshield washer systems, thereby driving the Europe automotive windshield washer system market. The overall Europe 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 Europe automotive windshield washer system market.
The process also serves the purpose of obtaining overview and forecast for the Europe 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 Europe 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 Europe automotive windshield washer system market.
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