Future Market Insights (FMI) delivers key insights on the global automotive washer system market in its latest report titled, “Automotive Washer System Market: Global Industry Analysis and Opportunity Assessment, 2016–2026”.
Global sales of automotive washer systems including headlamp and windshield washer systems is expected to reach US$ 17.5 Bn in 2016, witnessing a y-o-y growth of 4.2% over 2015.
Passenger car segment will account for maximum share of the total sales, extending the market share to 76.7% in 2026 as compared to 74.5% in 2016.In terms of volume, the global sales of automotive washer systems is expected to reach 1,453.4 Mn units in 2016 and is expected to expand at a CAGR 3.5% over the forecast period 2016–2026.Request a Sample of this Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-1081Increasing vehicle production and adoption of efficient wiper and washer technologies are primary factors bolstering the sales of washer systems globally.
The emergence of newer wiper blade and windshield cleaning technologies is resulting in higher cost of end products, which is a major factor restraining adoption of these products among consumers.
High market penetration of relatively low-cost wiper and washer system alternatives restricts demand for wiper de-icer, nozzle integrated wipers and heated nozzle washer systems.Segmentation highlightsThe global automotive washer system market is segmented on the basis of Component (Nozzles, Reservoirs, Hose & Connectors, Pumps, Windshield Wipers, Wiper Motor); Sales Channel (OEM, Aftermarket); Technology (Electric, Mechanical); Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles); and Application (Windshield Washer System, Headlamp Washer System).Windshield wiper was the largest segment by component in 2015 and this will remain unchanged in 2016Nozzle and hose & reservoir segments are expected to be the next large segment in terms of volumeBy value, wiper motor segment is expected to remain dominant over the forecast period.
Increasing sales of premium and luxury vehicle globally is anticipated to bolster the growth of headlamp washer system.