PALO ALTO, Calif. (Aug. 17, 2006) — New technology in wiper blades for automotive windscreens is changing the wiper system market in the North American replacement sector, according to a new report from Frost & Sullivan Inc.
Increasing variety in designs and shapes, including increasing use of a third wiper on the rear window, is driving the market, the researchers said.
Other factors affecting the business include the increasing variety in materials usage for blades, notably strong growth in silicone elastomers and the trend toward replacing a wiper with its arm as well as the rubber squeegee. The latter is strongly affected by the price of steel, according to Frost & Sullivan, a market research firm based in Palo Alto.
The report, “North American Wiper Systems Aftermarket,” reveals that the market earned revenues of $477 million in 2005 and projects to reach $732 million in 2012.
The study sizes the market by units and revenues of market segments, analyzes the major participants and the factors contributing to the current state of the aftermarket. Forecasts for units and revenues are provided through 2012.