Wiper Motor Aftermarket
The wiper motor is a critical component that drives the wiper system. Wiper systems are used on a regular basis in case the vehicle is subjected to adverse conditions such as rainfall or snowfall. Continuous use of a wiper system will result in wear and tear of the motor, which would then have to be replaced. Thus the need of replacement of the wiper motor when subjected to adverse conditions will drive the wiper motor aftermarket. The market is projected to grow from USD 2.31 Billion in 2016 to USD 2.65 Billion by 2021, at a CAGR of 2.78%.
The objective of the study is to define and segment the wiper motor aftermarket for the passenger car and commercial vehicle segments. The primary aim of the research study is to strategically analyze the market with respect to individual growth trends and future prospects. The report includes a competitive study of various market leaders and an opportunity assessment for various stakeholders.
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The wiper motor aftermarket eco-system comprises established global wiper motor manufacturers. Major manufacturers include Valeo S.A. (France), Robert Bosch GmbH (Germany), Magneti Marelli (Italy), DOGA Automotive (Spain) and WAI Global (U.S.A.). The eco-system also includes regional automotive associations such as Society of Indian Automotive Manufacturers (SIAM), Japan Automotive Manufacturers Association (JAMA), European Automobile Manufacturers Association (ECEA) and the Independent Automotive Aftermarket Federation.
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
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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