One trend in the market is growing auto component imports by European auto manufacturers.
The analysis forecast global automotive wiper motors market to grow at a CAGR of 3.13% during the period 2017-2021.
In 2016, 94.3 million units of vehicles were produced globally, with Europe having a market share of 23.46%.
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Europe showed the largest growth and Germany was the largest vehicle manufacturer in Europe. The Czech Republic and Poland also showed high growth rates within the sector.
According to the automotive wiper motors market report, one driver in the market is emerging demand for rain sensing wiper system. The automotive industry is experiencing a growth in demand for rain sensing wipers.
These wiper units have rain sensors, which automatically start operating on sensing rain. The rain sensing windshield wiper technology uses the principle of total internal reflection.
The amount of light returning to the sensor is dependent on the amount of water on the windshield. The reduced amount of light returning to the sensor during downpour automatically switches on the wipers.
Additionally, the sensor also controls the speed of the wipers according to the intensity of the rain.
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Major key players in the global automotive wiper motors market: ACDelco, Bosch, DENSO, MABUCHI MOTOR, Valeo, AM Equipment, ASMO, Cardone Industries, Johnson Electric, Magneti Marelli, and Trico.
Further, the automotive wiper motors market report states that one challenge in the market is low profitability due to highly competitive and un-organized market. The automotive and automotive component industries are witnessing lower margins mainly due to the intense competition that has been building up since 1986.
The increasing share of Japanese automakers in the market poses a stiff competition for the US automotive industry. Such a highly competitive scenario makes it challenging for companies to raise their product prices even though the raw material prices are high.
A small increase in input prices due to the high operating leverage adversely affects the margins by a significant percentage. The automotive industry is highly cyclical and mature.
Consumers focus on vehicle prices, comfort, performance, style, and fuel economy.
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Few Points from List of Exhibits:
Exhibit 1: Parent Market
Exhibit 2: Global Automotive Wiper Systems Market
Exhibit 3: Market Characteristics
Exhibit 4: Market Segments
Exhibit 5: Market Definition - Inclusions and Exclusions Checklist
Exhibit 6: Market Size 2016
Exhibit 7: Validation Techniques Employed For Market Sizing 2016
Exhibit 8: Global Automotive Wiper Motors Market Market Size and Forecast 2016-2021 ($ Bn)
Exhibit 9: Global Year-Over-Year Growth 2017-2021 (%)
Exhibit 10: Five Forces Analysis 2016
Exhibit 11: Five Forces Analysis 2021
Exhibit 12: Bargaining Power of Buyers
Exhibit 13: Bargaining Power of Suppliers
Exhibit 14: Threat of New Entrants
Exhibit 15: Threat of Substitutes
Exhibit 16: Threat of Rivalry
Exhibit 17: Market Condition - Five Forces 2016
Exhibit 18: End-User Market Share 2016-2021 (%)
Exhibit 19: Comparison By End-User
Exhibit 20: Global Automotive Wiper Motors Market For Oem Segment Market Size and Forecast 2016-2021 ($ Bn)