Passenger Vehicle Segment to Dominate Europe Automotive Windshield Washer System Market during 2019–2027
According to The Insight Partners market research study on “Europe Automotive Windshield Washer System Market to 2027 – COVID-19 Impact and Regional Analysis and Forecast by Component and Vehicle Type” is expected to reach US$ 1,899.9 million by 2027 from US$ 1,756.1 million in 2019. The market is estimated to grow at a CAGR of 6.0 % from 2020 to 2027. The report provides trends prevailing in the Europe automotive windshield washer system market along with the drivers and restraints pertaining to the market growth. Merging of superior components in washer system to gain traction and increase in number of automotive sales are the major factor driving the growth of the Europe automotive windshield washer system market. However, problems associated with durability of components hinder the growth of Europe automotive windshield washer system market.
In case of COVID-19, European region witnessed a varying impact of the pandemic across its economically diverse countries following the coronavirus virus outbreak. For instance, countries such as Germany, UK, Netherlands, France and selected other developed countries imposed stringent government restrictions and closed their borders to curb the virus spread hence plummeting the demand as well as availability of various automotive component including washer system. Whereas, selected other countries such as Italy, Russia, Span and selected other countries witnessed a significant surge in cases which notably impacted the demand for passenger vehicle sales during the April and July period which has directly affected the Europe automotive windshield washer system market. However, numerous European countries did recover swiftly in the recent months and witnessed a reliable surge in demand for automotive sales and its associated components among the OEMs and aftermarket sales.
Based on identifying and analyzing multiple number of market players, the Europe automotive windshield washer system market is broadly segmented into component, vehicle type, and country. Based on component, the market is broadly segmented into hose and connectors, nozzles, reservoirs, pumps, and wipers. The pumps segment dominates the Europe automotive windshield washer system market in 2019. The wiper segment is expected to be fastest growing during forecast period. Similarly, based on vehicle type, the market is briefly divided into commercial vehicle, passenger vehicle, off road highway vehicle. The passenger vehicle segment dominated the Europe automotive windshield washer system market in 2019 and is expected to be fastest growing during forecast period.
Denso Corporation; DOGA; HELLA GmbH and Co. KGaA; Kautex Textron GmbH & Co. KG; Mergon Group; MITSUBA Corporation; Robert Bosch GmbH; Trico Products Corporation; Zhejiang Zhenqi Auto Parts Corp., Ltd. 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 2019, Denso Corporation opened a new warranty centre in Prague, Czech Republic to enhance its customer service operation in Central and Eastern Europe.
The report segments the Europe Automotive Windshield Washer System Market as follows:
Europe Automotive Windshield Washer System Market – By Component
- Hose and Connectors
- Nozzles
- Reservoirs
- Pumps
- Wipers
Europe Automotive Windshield Washer System Market – By Vehicle Type
- Commercial Vehicle
- Passenger Vehicle
- Off Road Highway Vehicle
Europe Automotive Windshield Washer System Market – By Country
- Germany
- France
- Italy
- UK
- Russia
- Rest of Europe
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