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Wiper Motor Aftermarket worth 2.65 Billion USD by 2021

The report "Wiper Motor Aftermarket by Vehicle Type (Passenger Cars, & Commercial Vehicles), and Region (Europe, North America, Asia-Pacific & RoW) - Global Forecast to 2021", is projected to grow at a CAGR of 2.78%, from USD 2.31 Billion in 2016 to USD 2.65 Billion by 2021.

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Wiper Motor Aftermarket worth 2.65 Billion USD by 2021

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  1. MarketsandMarkets Presents Wiper Motor Aftermarket worth 2.65 Billion USD by 2021

  2. The report "Wiper Motor Aftermarket by Vehicle Type (Passenger Cars, & Commercial Vehicles), and Region (Europe, North America, Asia-Pacific & RoW) - Global Forecast to 2021", is projected to grow at a CAGR of 2.78%, from USD 2.31 Billion in 2016 to USD 2.65 Billion by 2021. 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. • Browse • 68 market data tables • 34figures • 98 pages and in-depth TOC on “Automotive Bearing Market”. • You can speak to our analyst@ • http://www.marketsandmarkets.com/speaktoanalyst.asp?id=178759013

  3. wiper motor aftermarket, BY region, 2021 (USD BILLION)

  4. 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 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. 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.

  5. The wiper motor aftermarket market is dominated by key manufacturers such as Valeo S.A. (France), Robert Bosch GmbH (Germany), MagnetiMarelli (Italy), DOGA Automotive (Spain) and WAI Global (U.S.A.). Valeo S.A. is a strong competitor, and has a wide geographical presence. It has a broad product portfolio for the aftermarket. The company is expanding its global footprint and customer base through various applications. They are increasing their market share in high growth markets such as Japan, India, South America, and Russia. The above-mentioned companies have been focusing on developing new products and forming partnerships and collaborations with key organizations to expand their presence in the global wiper motor aftermarket. • 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 • Scope of the Report: • The scope of the wiper motor aftermarket is as follows: • By Region • Asia-Pacific • North America • Europe • Rest of the World

  6. By Vehicle Type • Passenger Cars • Commercial Vehicles • 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

  7. Contact Us Mr. Rohan MarketsandMarkets 701 Pike Street, Suite 2175, Seattle, WA 98101, United States Tel : 1-888-600-6441 Email: sales@marketsandmarkets.com http://www.linkedin.com/company/marketsandmarkets

  8. About MarketsandMarkets 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. We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

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