DUBLIN, Feb .18, 2015 /PRNewswire/ --Research and Markets
(http://www.researchandmarkets.com/research/mlvg3g/wiper_systems) has announced the addition of the "Wiper Systems Market in the APAC Region 2015-2019" report to their offering.
The Wiper System market in the APAC to grow at a CAGR of 6.20% over the period 2014-2019
A wiper is used to clean dirt and mud from a windshield of an automobile. It improves the visibility by cleaning unwanted particles that get accumulated on windscreen especially during bad weather such as dust storms, rain, and snow, thereby, preventing accidents and increasing the safety of driver and passengers. An automotive wiper system consists of six main components: wiper drive gear, wiper wheel box, windshield wash pump, wiper motor, wiper switch, and washer jet. Some of the other components include the wiper blade, insulated strap, and small electrical-circuit components.
One key trend upcoming in this market is the outsourcing of manufacturing services to low-cost countries. As a result of rising manufacturing costs, market players are shifting their operations to countries where labor, raw materials, and other facilities can be obtained at low cost. This helps in lowering manufacturing costs and provides an edge over competitors.
According to the report, one of the major drivers of the market is the rise in demand from India and China. Economic growth has improved the financial status of the people in China and India, leading to an increase in disposable income. This has resulted in an increase in the size of various markets, including the Automobile market.
Further, the report states that one of the main challenges in the market is the lack of significant technological development. Major advances and changes in terms of innovation and technology of wiper systems have been absent. The few changes that have been introduced include changes to the materials used in wiper blades, making it easier for the consumer to assemble the product on their own, and the recent development of a wear and tear indicator by a leading vendor.
Key Vendors
- Bosch
- Denso
- Mitsuba
- TRICO Products
- Valeo
Other Prominent Vendors
- ASMO
- Cleveland Ignition
- Dongyang Mechatronics
- Hella KGaA Hueck
- JAMAK Fabrication
- Knorr-Bremse
- Mitsuba
- PMP Auto Components
- Sandhar Technologies
- Shanghai Zhong-ou Auto Electric
- Xiamen Meto Auto Parts
Key Topics Covered:
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Introduction
- Market Landscape
- Key Leading Countries
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/mlvg3g/wiper_systems
Media Contact: Laura Wood , +353-1-481-1716, press@researchandmarkets.net
