Industry Background:
According to the Center for Disease Control, the number of motor vehicle traffic death is approximately 10.6 per person in 10,000 people. With the rising number of accidents, the Government and automotive manufacturers are concerned about the surge in road accidents per year. This has resulted in development of new technologies and products to reduce the number of accidents. The products include wiper systems, airbags, seatbelts etc. Wiper system includes automotive wiper pumps which aids in clear vision by cleaning windshield and headlamp glasses, thereby reducing the incidents of accidents, and they also keep the driver safer in dangerous weather conditions including snow, rain, and dust storms. A typical automotive washer pump has a cylindrical structure with a port for connecting hoses and consist of splash fluid which flows through it to reach the nozzle. Washer pump has an inlet port, which is connected to the fluid reservoir, supplies the cleaning fluid to the pump. Almost every automotive washer pump is powered by an electric motor, which is plugged into it individually and gives an output of either 12V or 24V.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Continental AG (Germany), Genuine (United States), Federal-Mogul (United States), Johnson Electric (Hong Kong), ASMO (United States), Trico (United States), HELLA (Germany), Bilstein (China) and AC Delco (United States) |
This growth is primarily driven by Increase in demand for automotive wiper system and headlamps washer system, Rising sale of four wheeler vehicles and Growing demand for fuel efficient vehicles and implementation of Environmental regulations..
Globally, a noticeable market trend is evident Development of advanced integrated windshield washer system is the current trend of the market. The Auto Parts & Equipment sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Continental AG (Germany), Genuine (United States), Federal-Mogul (United States), Johnson Electric (Hong Kong), ASMO (United States), Trico (United States), HELLA (Germany), Bilstein (China) and AC Delco (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The market is fragmented by many global and regional players. As there is a demand from the customers to purchase wipers with high quality and improved durability, Washer pumps players are looking to generate the demand through an increase in the number of cars sold as the number of automotive washer pumps cannot be increased. A few of the world's leading automotive manufacturers are working on integrating wipe-and-wash technologies into one system.
Key Developments in the Market:
In May 2023, Federal-Mogul Goetze (India) soared after Pegasus announced a public offer. The public offer was prompted by the merger of Pegasus Merger Co and Tenneco Inc, the ultimate holding company of Federal-Mogul Goetze. Upon close of the transaction, Merger Sub will be merged into Tenneco Inc. and Tenneco Inc. The parent company continues to exist as a surviving company and a wholly-owned subsidiary.
In September 2018, TRICO, the world’s leading windscreen wiper blade developer and supplier, is pleased announced a new complete range of windscreen washer system components. The range includes three universal replacement pumps; 12v and 24v regular duty compact pumps with a 12v heavy-duty option also available. All pumps are EMC certified.
Influencing Trend:
Development of advanced integrated windshield washer system is the current trend of the market.
Market Growth Drivers:
Increase in demand for automotive wiper system and headlamps washer system, Rising sale of four wheeler vehicles and Growing demand for fuel efficient vehicles and implementation of Environmental regulations.
Challenges:
Need of Improvement in hydrophobic coating windscreen and headlamp glasses is posing a challenge for this market.
Restraints:
Slow adoption of automotive washer pumps in underdeveloped countries may hamper the growth of the market.
Opportunities:
The rise in growth of four-wheelers is expected to drive the sales of washer pumps as they are part of the mandatory active safety systems in vehicles, which is an important feature in vehicles.
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Automotive Washer Pumps Market
- Analysis about New Entrants in Automotive Washer Pumps Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Automotive Washer Pumps Study Sheds Light on
The Automotive Washer Pumps Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Automotive Washer Pumps industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Automotive Washer Pumps industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.