The anticipated size of the automotive screenwash products market in 2022 was USD 1,812 million and is estimated to be USD 2,003 million in 2023.
An increase in the preference of individuals toward the adoption of high-end screenwash products for instant and better results is a crucial factor accelerating the market growth. According to FMI analysis, the automotive screenwash products market is likely to expand at a CAGR of 15.03% between 2023 and 2033, totaling around USD 8,125 million by 2033.
Automotive screenwash products keep windshields clean to help drivers drive efficiently in any weather conditions. Also, keeping the windscreen clean is a legal requirement in some countries.
Automotive screenwash products also offer protection against freezing. They contain freezing agents such as methylated spirits to prevent the fluid from freezing in the reservoir, pump, and tubing in cold climates, up to temperatures above -70°C.
The type of detergent used in automotive screenwash products may vary, with some formulas being sold as “Bug and Tar Remover”, “Deicer” or “All-Season”. Some screen wash products are designed to be diluted with water, whereas others are intended to be used at full strength.
Some screen wash products are sold in powder form to be mixed by the user. Distilled water is advised for the dilution of screen wash products as tap water generally contains unwanted minerals that can clog jet systems and can leave deposits on the glass.
| Attributes | Details |
|---|---|
| Projected Forecast Value (2022) | USD 1,812 million |
| Projected Forecast Value (2023) | USD 2,003 million |
| Projected Forecast Value (2033) | USD 8,125 million |
| Growth rate | 15.03% CAGR |
| Forecast period | 2023 to 2033 |
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The global automotive screenwash products market expanded at a CAGR of 14.1% between 2018 and 2022. The growth forecast remains optimistic, with the market predicted to exhibit a CAGR of 15.03% between 2023 and 2033.
A rise in per capita income with an enhanced standard of living is anticipated to raise the sales of automobiles in developing economies, which leads to a rise in the consumption of automotive screenwash products. The longevity of automobile retention and vehicle life has also raised the market of the vehicle fleet.
Expansion of Vehicle Fleet
The demand for automotive screenwash products is estimated to increase over the forecast period, due to expanding vehicle fleet. Also, the consumption of automotive screenwash products is highly dependent on the automotive fleet across the globe.
High Dependency on Personal Vehicles
High dependency on personal vehicles for commuting is expected to drive the demand for automotive screenwash products. In addition, rising per capita income and improving standard of living are expected to increase the sales of automobiles in developing economies, which is expected to boost the consumption of automotive screenwash products in the long-term scenario.
Individual preference toward the adoption of high-end screenwash products for better results is also expected to fuel the growth of the automotive screenwash products market. Long automobile retention and vehicle life have increased the vehicle fleet, which is further anticipated to fuel the growth of the automotive screenwash products market over the forecast period.
Low Awareness among General Population
Low awareness among the general population of various types of screenwash products available in the market can act as a restraining factor to the growth of the global automotive screenwash market.
Asia Pacific is anticipated to witness significant growth in the next five to six years owing to the increasing vehicle fleet in the region. Also, government initiatives toward increasing foreign direct investments in countries such as India forecasted a CAGR of 6.21% and China forecasted a CAGR of 6.54% to boost manufacturing and industrialization. These also improve the standard of living of the general population which might play an important role in the growth of the global automotive screenwash products market during the forecast period.
According to Future Market Insights, Europe, followed by North America, is expected to hold a significant share of the global automotive screenwash products market and retain the share throughout the forecast period. Europe and North America are expected to account for more than half the share of the global automotive screenwash products market.
Europe and North America acquired a market share of 42.8% and 49.1% respectively in 2022. The United Kingdom consists of a significant portion of Europe’s market with a market share of 10.24%. Subsequently, the United States contains a significant portion of North America’s market with a value share of 44.6%.
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All-season automotive screenwash products are suitable for usage in all windscreen wash fluid systems in modern automotive applications which forecasts a market share of 60.2%. These products are ready to use and should not be diluted further. These also remove road grime and dirt from windscreens quickly and easily
Using an approach like direct sales helps companies in receiving effective feedback and engage with their target market. New sellers, who are in search of supplemental income, or who want to personally market their products benefit from learning about this direct sales approach. Direct sales are estimated to have a market share of 72%.
Currently, the market is considerably competitive, with continuous product and technology developments by established as well as new players. Some of the key players in the automotive screenwash products market are
Attributed to the presence of such a high number of participants, the market is highly competitive. An automotive screenwash products market report also contains projections using a suitable set of assumptions and methodologies.
Global automotive screenwash products research report provides analysis and information according to market segments such as geographies, applications, and industries.
Globally, the automotive screenwash products market is expected to be fragmented in nature owing to the presence of several players in the local as well as global market.
The patented technology includes systems for the reduction or elimination of intake valve deposits in gasoline direct injection (GDI) engines and related methods, including the delivery device, conduit, and actuator.
| Report Attributes | Details |
|---|---|
| Growth Rate | CAGR of 15.03% from 2023 to 2033 |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD million and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Sales Channel, Product Type, End-use |
| Regions Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; The Middle East and Africa |
| Key Countries Profiled | The United States, Canada, Brazil, Mexico, Rest of Latin America, Germany, The United Kingdom, France, Spain, Italy, Rest of Western Europe, Poland, Russia, Czech Republic, Romania, Rest of Eastern Europe, India, Bangladesh, Australia, New Zealand, Rest of South Asia and the Pacific, China, Japan, South Korea, GCC countries, South Africa, Israel, Rest of The Middle East and Africa |
| Key Companies Profiled | Controls Group; Stanley; Gilson Company, Inc.; Humboldt Mfg. Co.; Cooper Technology; PaveTesting Limited; GDS Instruments; Geo-Con Products Pty Ltd.; Test Mark Industries; Forney LP |
| Customization | Available Upon Request |
Through 2033, the market is projected to develop at a CAGR of 15.03%.
By 2033, the industry is to have expanded to USD 8,125 million.
In 2023, the market is expected to reach a worth of USD 2,003 million.
Between 2018 and 2022, the global market developed at a 14.1% CAGR.
With a value share of 44.6%, the United States controls a significant share of North America's market.
| Base Year Market Value (2023) | USD 93.9 billion |
|---|---|
| Projected Year Market Value (2033) | USD 414.5 billion |
| CAGR (2023 to 2033) | 16% |
| Market Size (2022) | USD 9,544.3 Million |
|---|---|
| Market Size (2032) | USD 17,748.4 Million |
| Market CAGR (2022 to 2032) | 6.4% |
| Market Size (2022E) | USD 10.8 Billion |
|---|---|
| Projected Market Value (2032F) | USD 17.2 Billion |
| Global Market Growth Rate (2022 to 2032) | 4.8% CAGR |
| Market Size (2022) | USD 151.7 Million |
|---|---|
| Market Size (2032) | USD 604.8 Million |
| Value CAGR (2022 to 2032) | 14.80% |
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