APAC Wiper Blade Industry Sees Strong Growth Amid Rising Vehicle Sales and Technological Advancements in Automotive Safety | FMI Reports

In 2022, wiper blade sales in the APAC region reached USD 2,730.6 million. Looking ahead, demand for wiper blades in APAC is expected to grow at a compound annual growth rate (CAGR) of 7.1% over the forecast period. The market size is projected to expand from USD 2,897.4 million in 2023 to USD 5,763.1 million by 2033.

The APAC Wiper Blade Industry is experiencing robust growth driven by the rise in vehicle ownership, advancements in automotive safety, and increasing consumer preference for quality visibility solutions. The rapid urbanization in the APAC region, along with growing disposable incomes, has significantly boosted vehicle sales, spurring demand for wiper blades across passenger cars, commercial vehicles, and two-wheelers. Moreover, the APAC automotive sector is increasingly prioritizing safety features, with wiper blade manufacturers investing in innovative designs, such as beam and hybrid wipers, which offer improved performance and durability.

China, Japan, India, and South Korea are key markets contributing to the growth of the APAC wiper blade industry, fueled by government initiatives supporting automotive component manufacturing and enhanced vehicle safety standards. The industry is also seeing a shift towards eco-friendly, long-lasting materials to meet regional environmental standards. As consumer awareness around vehicle maintenance and safety grows, the APAC wiper blade market is expected to continue expanding, driven by both original equipment and aftermarket demand.

Comprehensive Market Insights: Full Report Overview

Key Takeaways:

• Rising Vehicle Ownership: Increased vehicle sales across the APAC region have driven demand for reliable wiper blades, particularly in countries with growing middle-class populations like China and India.
• Innovation in Wiper Blade Technology: Manufacturers are focusing on high-performance solutions, including beam, hybrid, and smart wiper blades with sensors, enhancing visibility in adverse weather conditions.
• Enhanced Safety Standards: Stricter safety regulations are encouraging the adoption of advanced wiper technologies, especially in key markets such as Japan and South Korea.
• Shift Toward Eco-Friendly Materials: Growing environmental awareness has spurred manufacturers to develop sustainable and longer-lasting wiper blade materials.
• Demand from Both OEM and Aftermarket Segments: High replacement rates and demand for better-performing wiper blades are driving growth in both OEM and aftermarket segments across the APAC region.

Key Drivers:

• Increasing Vehicle Production and Sales: The growing automotive market in APAC, especially in China and India, has significantly boosted deand for wiper blades as a critical safety component.
• Technological Advancements: Developments in smart and all-weather wiper blades are gaining traction, with a focus on improving functionality, durability, and weather resilience.
• Urbanization and Infrastructure Development: Rapid urbanization and expanding infrastructure, particularly in emerging economies, have spurred growth in vehicle ownership and the demand for automotive components, including wiper blades.
• Stringent Safety Regulations: Enhanced focus on safety and visibility standards across APAC countries has driven the need for efficient, advanced wiper blade solutions.
• Increased Consumer Awareness and Maintenance Practices: Growing awareness among consumers regarding the importance of regular vehicle maintenance and safety has increased demand for high-quality wiper blades.

Competitive Landscape

The APAC wiper blade business landscape is consolidated, with leading players accounting for about 60% to 65% share. Valeo SA, Ultra Wiring Connectivity System Ltd., Syndicate Wiper Systems Ltd., Robert Bosch GmbH, Hella KGaA Hueck & Co., Denso Corp., CAP Corporation, Doga, SA, ITW, Mitsuba Corporation, DRiV Incorporated, WIPE India, 3M, Spark Minda Group, XIONG SHUN AUTOMOBILE MATERIAL(XIAMEN)CO., LTD., TRICO Products Corp., Xiamen Meto Auto Parts Industry Co., Ltd., and Maruenu Inc. are the leading manufacturers and suppliers of wiper blades listed in the report.

Key wiper blade companies, including Robert Bosch, Denso Corp, Mitsuba Corporation, and Valeo SA, are focusing on developing novel wiper blades with innovative designs, durable materials, & advanced technologies for optimal visibility and driving safety. They are also showing an inclination toward implementing strategies such as facility expansions, price reduction, mergers, acquisitions, and partnerships to strengthen their footprint.

Recent Developments in APAC Wiper Blade Business-

• In August 2021, Valeo introduced its first rear wiper blades, which offer excellent performance.
• In June 2021, DENSO invested in Seurat Technologies to accelerate the development of metal additive manufacturing technology.
• In March 2020, Valeo introduced its universal flat wiper blades for businesses in India.
• In June 2020, the KGaA Hueck & Co. and Minth Group entered into a partnership to establish a joint venture, HELLA MINTH Jiaxing Automotive Parts Co. Ltd., in China.

APAC Wiper Blade Industry Analysis by Category

By Product Type:

• Flat
• Hybrid
• Conventional

By Application:

• Front
• Rear

By Vehicle Type:

• Passenger Car
  • Compact
  • Mid-size
  • Luxury
  • SUV
• Commercial Vehicle
• Heavy Commercial Vehicle

By Size:

• Up to 12 Inch
• 12 to 16 Inch
• 16 to 20 Inch
• 20 to 24 Inch
• Above 24 Inch

By Sales Channel:

• First Fit
• Aftermarket
  • Authorized Outlets
  • Independent Aftermarket

By Country:

• China
• Japan
• South Korea
• India
• Thailand
• Malaysia
• Indonesia
• Philippines
• Singapore
• Australia
• Rest of APAC