Global Wiper Motor Aftermarket Current Trends 2019: Valeo, Robert Bosch, Magneti Marelli, WAI Global

The wiper motor aftermarket has been segmented into Europe, North America, Asia-Pacific, and Rest of the World (RoW). Europe is estimated to lead the wiper motor aftermarket. According to Organisation Internationale des Constructeurs d Automobiles (OICA), European vehicles sales were approximately 19 million units in 2015—an increase of 2.4% from 2014. The increase in vehicle sales will create potential aftermarket in the near future. The average age of the vehicle fleet in Europe is approximately 8-9 years, because the owner’s held on their vehicle for longer duration. Approximately 55-60% of passenger cars in Europe are older than 5 years, these vehicle are subjected to adverse condition and need regular maintenance. The need for regular maintenance widens the target aftermarket which acts as driver for the wiper motor aftermarket.

The report studies various globally established wiper motor manufacturers. Major market players include Valeo S.A. (France), Robert Bosch GmbH (Germany), Magneti Marelli (Italy), DOGA Automotive (Spain), and WAI Global (U.S.A.).

To know about the assumptions considered for the study, download the pdf brochure

Target Audience

  • Automobile original equipment manufacturers (OEMs)
  • Manufacturers of wiper system and their components.
  • Independent aftermarket suppliers.
  • Research institutes
  • Traders, distributors, and suppliers of wiper motor.
  • Market research and consulting firms

Available Customizations

With the given market data, MarketsandMarkets offers customizations in accordance with companies’ specific needs.

  • Profiling of additional market players (Up to 3).
  • Automotive Wiper Motor OE Market, By Region
    • Asia-Pacific
    • North America
    • Europe
    • Rest of the World

The wiper motor aftermarket is projected to grow from USD 2.31 billion in 2016 to USD 2.65 billion by 2021, at a CAGR of 2.78% during the forecast period. The wiper motor aftermarket is primarily driven by two important factors, one is the usage of wiper system, and the other is the increasing number of vehicles on road. The wiper motor is a critical component that drives the wiper system. The vehicles would use wiper system on a regular basis if subjected to adverse conditions such as rainfall or snowfall. The weather conditions in a country will determine the usage pattern for the wiper system. Thus wiper system usage will drive the wiper motor aftermarket.

The report covers two major vehicle categories for the wiper motor aftermarket, passenger cars, and commercial vehicles. The wiper motor aftermarket for the passenger car segment is expected to hold the largest share owing to the large number of passenger cars in use. The demand for passenger cars is influenced by economic conditions, changing government policies, and inflation levels. The increasing number of vehicles and their need for regular replacement of parts, owing to consistent use, would fuel the growth of wiper motor aftermarket. The commercial vehicle segment is expected to offer promising growth opportunities. As the distance travelled by commercial vehicles is more than the passenger cars. They are subjected to adverse conditions for longer duration which leads to replacement of components on regular basis.

Get Detail Insight @

https://www.marketsandmarkets.com/Market-Reports/wiper-motor-aftermarket-178759013.html

The Asia-Oceania market for wiper motor aftermarket is expected to grow at a promising CAGR during the forecast period. The region comprises countries such as China, India, Japan, and South Korea, which have been considered for the study. China and India are among the fastest developing economies in the world. Growing awareness about vehicle safety will likely boost the wiper motor aftermarket. Clear visibility is a critical aspect while driving. The effective functioning of a wiper motor is very essential while driving in adverse conditions as it will ensure clear visibility and a safe journey.

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MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, “RT” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

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