The import of windscreen wipers, defrosters, and demisters to India is witnessing a steady increase. In 2023, the actual import value stood at approximately 15 million. From 2024 onwards, the forecasted data shows a year-on-year growth of around 5.5% to 5.7%, culminating in a projected value of approximately 19.53 million by 2028. This represents a compound annual growth rate (CAGR) of about 5.7% over the five-year forecast period.
Future trends to watch for include:
- Technological advancements in automotive accessories, which might drive demand.
- Policy changes impacting automotive import tariffs and regulations.
- Growth in the automotive sector in India, influencing secondary market demand.
