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.
The market for windshield wiper blades in Europe is projected to grow at a significantly high CAGR of 5.04% during the forecast period, i.e., 2019-2027. The market is anticipated to record a market value of USD 2,418.91 million by 2027. Windshield wiper blades are used for cleaning the windscreen of vehicles, which provides an unobstructed and clear view of the road to the driver. The market is segmented by blade, by vehicle, by technology, by channel and by country. Out of all the countries in European region, Romania is predicted to observe the highest growth rate, a CAGR of 6.80% during the forecast period.
On the basis of technology, the windshield wiper blades market is bifurcated into conventional and rain sensing technologies. The segment for rain sensing technologies is anticipated to attain a market value of USD 1,934.2 million by the end of 2027. The substantial growth can be attributed to rising consumer preference for technologically advanced vehicles containing rain sensing wiper blades. Moreover, as automotive manufacturers are increasingly introducing rain-sensing wipers in various car segments, the escalating demand from consumers is anticipated to drive the market growth.
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Strong Production Base of Europe to Propel the Market Growth
Europe consists of a strong production base of vehicles on the basis of which the windshield wiper blades market in the region is anticipated to grow. Further, the escalation in the number of new Light Commercial Vehicle registrations is anticipated to contribute towards the market growth. Additionally, light commercial vehicles are being used by various leading e-commerce companies for providing better and fast transportation services to the consumers, is another significant factor estimated to result in the market growth. 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).
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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.
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