According to a recent market study published by Growth Market Reports, titled, “Global Aftermarket Wiper Blade Market, By Blade Type, By Application, By Sales Channel, and By Region: Size, Share, Trends and Opportunity Analysis, 2017-2032”, the market was valued at US$ 18,816.0 Million in 2023 and is anticipated to expand at a growth rate of 3.7% by 2032.

Get Sample Report @ https://growthmarketreports.com/request-sample/7214

Aftermarket wiper blades are replacement windshield wipers that are not made by the original equipment manufacturer (OEM) but are available for purchase from third-party manufacturers. These blades are designed to provide similar or improved performance as compared to OEM blades, often at a lower price point. Aftermarket wiper blades are designed to fit a wide variety of vehicle makes and models, providing consumers with an alternative to factory-installed options.

Aftermarket wiper blades are sold to consumers and automotive repair shops for replacement purposes when the original wiper blades wear-out or are damaged. This market includes various types of wiper blades, such as traditional frame-style blades, beam blades, hybrid blades, and related products such as wiper fluid and accessories.

The global Aftermarket Wiper Blade market has been segmented in terms of Blade Type, Application, By and Sales Channel. In terms of blade type, the global aftermarket wiper blade market is divided into standard blades and hybrid blades. Based on the application, the global aftermarket wiper blade market is divided into windshield wipers and rear wipers. On the basis of the sales channel, the global aftermarket wiper blade market is divided into online and offline. Considering regions, the market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

The aftermarket wiper blade market has experienced considerable disruptions due to the COVID-19 pandemic. Lockdowns, supply chain interruptions, and a significant decline in vehicle usage fundamentally altered consumer behavior. Moreover, retailers and wholesalers struggled with inventory management, as their existing stock was not moving off shelves, resulting in financial strain. The pandemic catalyzed a shift in consumer priorities; with many focusing on essential goods and services, spending on non-essential items such as aftermarket accessories fell sharply.

Key Takeaways from the Study:

  • Players in the global Aftermarket Wiper Blade market include Continental AG; Denso Corporation; Doga SA; DRiV Incorporated; Hella KGaA Hueck & Co.; HEYNER GmbH; ITW; Lucas Automotive Aftermarket; PSV Wipers Limited; Robert Bosch GmbH; TRICO Products Corp.; Ultra Wiring Connectivity System Ltd.; Valeo SA; Xiong Shun Automobile Material Co. Ltd.; and others.

  • Based on blade type, the global aftermarket wiper blade market is divided into standard blades and hybrid blades. The standard blades segment was valued at USD 10,558.0 Million in 2023 and is anticipated to expand at a CAGR of 3.5% between 2024 and 2032, due to the increasing new product launches by key market players. For instance, in May 2022, Schaeffler India Limited expanded automotive aftermarket with launch of premium grade wipers under Schaeffler TruPower. This wiper blades provide enhanced performance and improved visibility during extreme weather conditions. This is expected to drive the demand for standard blades during the forecast period.

  • In terms of application, the global aftermarket wiper blade market is divided into windshield wipers and rear wipers. The windshield wipers segment was valued at USD 16,419.1 Million in 2023 and is anticipated to expand at a CAGR of 3.7% between 2024 and 2032, due to increasing consumer awareness regarding vehicle maintenance and the importance of wiper blade replacement. Drivers are becoming increasingly informed about how old or damaged wiper blades impairs visibility and safety, thus they are likely to invest in high-quality aftermarket options.

  • On the basis Based on the sales channel, the global aftermarket wiper blade market is divided into online and offline. The online segment was valued at USD XXX Million in 2023 and is anticipated to expand at a CAGR of XX% between 2024 and 2032, due to expanded product availability. Online retailers often carry a wider range of products as compared to brick-and-mortar stores. This includes various brands, types, and dimensions of wiper blades, making it easy for consumers to find exact product.

  • Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa (MEA). Europe held 26.5% share of the market in 2023 and the market in region is expected to expand at a CAGR of 3.84% during the forecast period, due to the growing demand for eco-friendly and durable materials, in alignment with the continent's stringent green policies. The European Union's initiatives to promote circular economies and minimize carbon footprints are further incentivizing companies to innovate and adopt green technologies in wiper blade manufacturing.

Key Developments

  • In January 2024, Mister-Auto added Valeo Canopy wiper blades to its catalog, featuring an outstanding eco-friendly design. Mister-Auto offers 51 Valeo Canopy wiper blade references, covering 95% of the European car fleet.

  • In November 2021, ANCO launched four specialty wiper-blade lines, significantly expanding their product offerings. These new lines are intended to meet specific customer needs and vehicle requirements, allowing the company to provide personalized solutions for a variety of driving conditions. The introduction of these specialty lines emphasizes Each line is engineered with precision and advanced materials to provide exceptional performance, durability, and dependability.

  • In October 2021, the Trico Products Corp. launched three new wiper blade products, such as the Trico Truck, Trico Asian Fit, and Trico High Mileage, which are designed to meet unique performance requirements specific to some of the most popular vehicle types on the road.

Report Scope:

Report Metric

Details

Market Value in 2023

US$ 18,816.0 Million

Market Growth Rate (from 2024 to 2032)

3.7%

Historical Data

2017 & 2022

Base Year

2023

Forecast Period

2024 – 2032

Units Considered

Value (US$ Million)

Market Segments

By Blade Type, By Application, By Sales Channel, and By Region

Key Companies Profiled

Continental AG; Denso Corporation; Doga SA; DRiV Incorporated; Hella KGaA Hueck & Co.; HEYNER GmbH; ITW; Lucas Automotive Aftermarket; PSV Wipers Limited; Robert Bosch GmbH; TRICO Products Corp.; Ultra Wiring Connectivity System Ltd.; Valeo SA; Xiong Shun Automobile Material Co. Ltd.; and others

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail of tailor-made purchase options to meet your research requirements.

 

Target Audience:

  • Supply-side: Manufacturers, End-users/Applications

  • Regulatory Side: Concerned government authorities, and other approved governing bodies.

      • National Highway Traffic Safety Administration (NHTSA) – USA

      • Environmental Protection Agency (EPA)- US

      • European Commission – EU

      • Transport Canada – Canada

      • Motor Vehicle Standards (MVS) Authority - Australia