The global automotive screenwash products market in 2022 was US$ 1,812 Million and is estimated to be US$ 2,003 Million in 2023. According to FMI analysis, the automotive screen wash products market is projected to expand at a CAGR of 15.03% between 2023 and 2033, totaling around US$ 8,125 Million by 2033.
The surge in the sale of automotive vehicles over the past few years is one of the key factors contributing to the growth of the market. Further, the increase in the adoption of personal use application dealers and the growth in disposable income of consumers are among the key factors that drive market growth.
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Improvements in screenwash products like compatibility for all-season and specific bug mark-removing applications with a fall in their prices are thus raising the market growth. An increase in usage at a personal level than service providers is thus creating key opportunities for the market to rise. Also, a boost in inclination toward electric vehicles is raising the market growth.