Report : Asia Pacific Automotive Windshield Washer System Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Component (Hose and Connectors, Nozzles, Reservoirs, Pumps, and Wipers) and Vehicle Type (Commercial Vehicle, Passenger Vehicle, and Off Road Highway Vehicle)
Pumps Segment to Dominate APAC automotive windshield washer system market During 2021–2028
According to a new market research study on “APAC automotive windshield washer system market to 2028 – COVID-19 Impact Analysis and Forecast by Component, by Vehicle Type, and Country” is expected to reach US$ 4886.88 million by 2028 from US$ 3293.02 million in 2021. The market is estimated to grow at a CAGR of 5.8% from 2021 to 2028. The report provides trends prevailing in the APAC automotive windshield washer system market along with the drivers and restraints pertaining to the market growth. Growth in number of automotive sales and amalgamation of superior components in washer system to gain traction are the major factor driving the growth of the APAC automotive windshield washer system market. However, objection associated with durability of components hinders the growth of APAC automotive windshield washer system market.
The APAC automotive windshield washer system market is segmented based on by component, vehicle type, and country. Based on component, the APAC automotive windshield washer system market is segmented into hose and connectors, nozzles, reservoirs, pumps, and wipers. The pumps dominated the APAC automotive windshield washer system market in 2020. Based on vehicle type, the APAC automotive windshield washer system market is segmented into commercial vehicle, passenger vehicle, and off road highway vehicle. The passenger vehicle segment dominated the APAC automotive windshield washer system market in 2020. Based on country, the APAC automotive windshield washer system market is segmented into Australia, China, India, Japan, South Korea, and Rest of APAC. The China segment dominated the APAC automotive windshield washer system market in 2020.
Robert Bosh GmbH; Denso Corporation; DOGA; HELLA GmbH and Co. KGaA; Kautex Textron GmbH & Co. KG; Mergon Group; MITSUBA Corporation; Trico Products Corporation; and Zhejiang Zhenqi Auto Parts Corp., Ltd by Altair are among the leading companies in the APAC automotive windshield washer system market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2018, Hella GmbH and Co. KGaA exited from wholesale business in Norway by selling its assets to URELIUS Equity Opportunities SE & Co KGaA for an undisclosed amount.
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