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Increasing Adoption of Rear Wiper Systems & Opportunities in the Commercial Vehicle Segment

Adverse weather conditions like heavy snowfall and rainfall depending upon the country’s climatic conditions determine the usage of wiper system for a vehicle. The countries with higher rainfall or snowfall will have vehicles using their wiper systems on a regular basis. The regular use of wiper systems will lead to wear and tear over a period of time, thus leading to the possibility of the wiper motor needing to be replaced. Average vehicle age is another prominent factor which affects the wiper motor aftermarket. These older vehicles require replacement of parts and components due to their prolonged use. Thus the presence of numerous older vehicles will drive wiper motor aftermarket.

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Increasing Adoption of Rear Wiper Systems & Opportunities in the Commercial Vehicle Segment

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  1. Wiper Motor Aftermarket by Vehicle Type (Passenger Cars, & Commercial Vehicles), and Region (Europe, North America, Asia-Pacific & RoW) - Global Forecast to 2021 www.MarketsandMarkets.com

  2. Adverse weather conditions like heavy snowfall and rainfall depending upon the country’s climatic conditions determine the usage of wiper system for a vehicle. The countries with higher rainfall or snowfall will have vehicles using their wiper systems on a regular basis. The regular use of wiper systems will lead to wear and tear over a period of time, thus leading to the possibility of the wiper motor needing to be replaced. Average vehicle age is another prominent factor which affects the wiper motor aftermarket. These older vehicles require replacement of parts and components due to their prolonged use. Thus the presence of numerous older vehicles will drive wiper motor aftermarket. PDF Brochure : https://www.marketsandmarkets.com/pdfdownload.asp?id=178759013

  3. Passenger Cars: Fastest-Growing Vehicle Segment The passenger cars segment of the wiper motor aftermarket is estimated to register the highest CAGR during the forecast period. This growth is driven by the need for clear visibility, in adverse weather conditions. The wiper motor must be in working condition at all times to maintain a clear view during adverse conditions. This condition is driving the demand for routine maintenance of parts. This would likely boost the passenger car wiper motor aftermarket. Request for Customization : https://www.marketsandmarkets.com/requestCustomization.asp?id=178759013

  4. 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. Request Sample @ https://www.marketsandmarkets.com/requestsample.asp?id=178759013

  5. Europe: Largest Regional Segment 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), MagnetiMarelli (Italy), DOGA Automotive (Spain), and WAI Global (U.S.A.). Speak to analyst @ https://www.marketsandmarkets.com/speaktoanalyst.asp?id=178759013

  6. Market Ecosystem: The wiper motor aftermarket eco-system comprises established global wiper motor manufacturers. Major manufacturers include Valeo S.A. (France), Robert Bosch GmbH (Germany), MagnetiMarelli (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. Buy Now: https://www.marketsandmarkets.com/Purchase/purchase_report1.asp?id=178759013

  7. Browse >> 68market data tables 34figures 98pagesand in-depth TOC “Wiper Motor Aftermarket by Vehicle Type (Passenger Cars, & Commercial Vehicles), and Region (Europe, North America, Asia-Pacific & RoW) - Global Forecast to 2021” Early buyers will receive 10% customization on this report. This study answers several questions for the stakeholders, primarily which market segments to focus on in the next two to five years to prioritize efforts and investments.

  8. Contact:Mr. Shelly SinghMarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com

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