- The key vendors in the Global Wiper Systems Market 2015-2019 are Bosch Group, Denso Corp., DOGA SA, Federal-Mogul Corp., TRICO Products Corp. and Valeo SA.
London, 19 November 2014: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Global Wiper Systems Market 2015-2019. One key trend upcoming in the market is the outsourcing of manufacturing services to low-cost countries. As a result of rising manufacturing costs, players in the market are shifting their operations to countries where they can get labor, raw materials, and other facilities at a low cost. This helps them to lower their manufacturing costs and gives them an edge over their competitors. The Global Wiper Systems market is expected to grow at a CAGR of 4.95 percent during the forecast period of 2014-2019.
The demand in the Global Wiper Systems market depends on the Global Automotive market. Automotive products such as cars and trucks have a capacity for only a couple of wipers for the windshield, and this number is almost constant for all automotive products in the market. As customers demand and tend to buy wipers with proven quality and durability, manufacturers cannot increase the frequency of wiper purchases. However, the new trend of adding a wiper system to the rear of the vehicle has given the Global Wiper Systems market a boost and increased market size. The rear wiper concept is successful because it is driven by manufacturers striving to meet the demand from end-users.
“Consumers buy the DIY product in a dismantled form from the store and install it themselves. The end-consumer of a wiper can now pick up a box of a wiper system, assemble the different components as per the instructions given in the manual, and install the final system without an expert or an engineer’s help,” says Faisal Ghaus, Vice President of TechNavio Research.
“This is an added advantage to both the buyer and the seller because it is time-saving for the buyer and cost-effective for the seller.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
