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%. Browse 68 market data Tables and 34 Figures spread through 98 Pages and in-depth TOC on "Wiper Motor Aftermarket" Don’t miss out on business opportunities in Wiper Motor Aftermarket. https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=178759013 Speak to Our Analyst and gain crucial industry insights that will help your business grow: Key Players of Wiper Motor Aftermarket:
Valeo S.A. (France)
Robert Bosch GmbH (Germany)
Magneti Marelli (Italy)
DOGA Automotive (Spain)
WAI Global (U.S.A.)
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.
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https://www.marketsandmarkets.com/requestsampleNew.asp?id=178759013 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 vehicles 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.
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