Study papers on Wiper Motor Aftermarket market and regional forecast. Wiper Motor Aftermarket market players are Valeo S.A. (France) Robert Bosch GmbH (Germany), Magneti Marelli (Italy), DOGA Automotive (Spain) and WAI Global (U.S.A.). Key growth strategies adopted by these players include new product development, partnerships, agreements, joint ventures, and supply contracts.
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wiper motor aftermarket is projected to grow at a CAGR of 2.78% from 2016 to 2021, to reach a market size of USD 2.65 billion by 2021. The major factor driving the growth of this aftermarket include the increasing the average age of vehicles which increases the probability of components being replaced.
Current vehicle models are equipped with better electrical components than their previous versions. Consequently, the current generation of wiper motors has a longer life span than their previous versions.
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This reduces the potential for wiper motor replacement and would act as a restraint for the aftermarket.
- 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
Asia-Pacific wiper motor aftermarket is projected witness the highest growth during the forecast period. High demand and sales of vehicles, especially from countries such as Japan and India which drives the aftermarket.
Increasing vehicle sales subsequently increases the total number of vehicles in use. This would help to grow the wiper motor aftermarket.
In this study, the Asia-Pacific has been segmented into China, Japan, South Korea, and India.
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2 Valeo S.A.
3 Robert Bosch GmbH
4 Magneti Marelli S.P.A.
5 Doga S.A.
6 WAI Global
7 Febi Bilstein
8 Trico Products
9 PSV Wipers Ltd.
10 Wexco Industries Inc.
11 Lucas TVs Ltd.
Passenger cars are estimated to be the largest segment in the wiper motor aftermarket. Increasing average age of passenger cars and safety concern during the adverse weather conditions are the key factors driving the wiper motor aftermarket.
The wiper motors fitted on commercial vehicles are more robust than those fitted on passenger cars. The growing demand for routine maintenance and replacement of parts would boost the wiper motor aftermarket for passenger car segment.
This report covers two major vehicle categories for the wiper motor aftermarket i.e. passenger cars and commercial vehicles.
The report further segmented wiper motor aftermarket into five major regions that include Europe, North America, Asia-Pacific, and RoW. The RoW region comprises of two major countries: Russia and Brazil.
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