South Korea Automotive Wiper Components Market was valued at USD 0.32 Billion in 2022 and is projected to reach USD 0.45 Billion by 2030, growing at a CAGR of 4.6% from 2024 to 2030.
The South Korea Automotive Wiper Components Market is witnessing significant growth, driven by the increasing demand for advanced automotive features and safety standards. Automotive wiper components play a crucial role in vehicle maintenance and driver safety by ensuring clear visibility during adverse weather conditions. With the automotive industry rapidly evolving, the demand for high-performance wiper components, including wiper blades, motors, arms, and washers, is expected to grow in tandem.
One of the key trends in this market is the shift towards electric wiper systems, which offer better energy efficiency and reduced noise. Electric wiper motors are increasingly replacing traditional mechanical systems, making them more popular among vehicle manufacturers. This change is in response to the industry's push for sustainable and eco-friendly components that enhance vehicle performance while reducing environmental impact.
Automotive wiper components are critical to various industries, especially the automotive OEM (Original Equipment Manufacturer) and aftermarket segments. The OEM segment has been the dominant contributor to market revenue, as major South Korean automotive manufacturers such as Hyundai and Kia continuously strive to integrate cutting-edge wiper technologies into their latest models. These components are also essential in the aftermarket industry, where vehicle owners rely on high-quality replacement parts to maintain their vehicles' performance.
The increasing demand for advanced driver-assistance systems (ADAS) is also influencing the automotive wiper components market. Features like rain sensors and automated wiper systems are becoming standard in new vehicle models. These systems detect rainfall intensity and automatically adjust the wiper speed, offering greater convenience and improved driving safety.
As the automotive sector continues to grow in South Korea, the market for automotive wiper components is poised for further expansion. Automotive manufacturers and suppliers are focusing on research and development to create components that offer improved durability, efficiency, and safety. This trend is expected to contribute significantly to the evolution of wiper components in the coming years.
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Robert Bosch
DENSO Corporation
Federal Mogul Motorparts
Valeo
Nippon Wiper Blade
Am Equipment
Mitsuba
HELLA GmbH & Co.
DOGA
Pilot Automotive
B. Hepworth and Company
Magneti Marelli
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Automotive Wiper Components Market
Conventional Wiper Blades
Beam Wiper Blades
Winter Wiper Blades
Specialty Wiper Blades
Passenger Vehicles
Commercial Vehicles
Two-Wheelers
Heavy-Duty Vehicles
Manual Wiper Systems
Electromechanical Wiper Systems
Electric Wiper Systems
Intelligent Wiper Systems
Original Equipment Manufacturer (OEM)
Aftermarket
Online Retail
Brick-and-Mortar Retail
Individual Users
Fleet Owners
Automotive Service Providers
Car Manufacturers
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Automotive Wiper Components Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Automotive Wiper Components Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Automotive Wiper Components Market, By Type
6. South Korea Automotive Wiper Components Market, By Application
7. South Korea Automotive Wiper Components Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Automotive Wiper Components Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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