Report : Europe 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)
Passenger Vehicle Segment to Dominate Europe automotive windshield washer system market During 2021–2028
According to a new market research study on “Europe 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$ 2070.32 million by 2028 from US$ 1493.01 million in 2021. The market is estimated to grow at a CAGR of 4.8% from 2021 to 2028. The report provides trends prevailing in the Europe automotive windshield washer system market along with the drivers and restraints pertaining to the market growth. Demand in number of automotive sales and combination of superior components in washer system to gain traction are the major factor driving the growth of the Europe automotive windshield washer system market. However threat associated with durability of components hinders the growth of Europe automotive windshield washer system market.
The Europe automotive windshield washer system market is segmented based on by component, vehicle type, and country. Based on component, the Europe automotive windshield washer system market is segmented into hose and connectors, nozzles, reservoirs, pumps, and wipers. The pumps dominated the Europe automotive windshield washer system market in 2020. Based on vehicle type, the Europe automotive windshield washer system market is segmented into commercial vehicle, passenger vehicle, and off road highway vehicle. The passenger vehicle segment dominated the Europe automotive windshield washer system market in 2020. Based on country, the Europe automotive windshield washer system market is segmented into Germany, France, Italy, UK, Russia, and Rest of Europe. The Rest of Europe segment dominated the Europe 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 Europe 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 2020, Denso Corp. announced the opening of R&D center. The new research and development facility will be opening in Tokyo, Japan. This opening of new R&D center is meant to expand the existing business of the company into new region.
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