Overview of the global automotive wiper motors market
According to Technavio’s research analysis, the rising demand for vehicles will be one of the major factors that will have a positive impact on the global automotive wiper motors market during the forecast period. The global automotive industry is rapidly growing over the years due to the high demand for passenger cars, especially from developing countries such as China, India, and Brazil. Developing countries have shown substantial economic growth over the last few years which increases the buying power of the individuals. Moreover, the growth of the automotive industry is also highly reliant on the financial flexibility options present in different countries. For instance, in countries such as India and China, car financing is a major driver of the market consisting of 75%-80% of car purchases through car loans. Further, the introduction of rear wiper systems in entry-level hatchbacks and the growth of SUVs and crossovers will also drive the demand for wiper motors during the forecast period.
The rising demand for integrated and reversible wiper system is one of the key trends that will gain traction in this market. Automakers are looking at introducing innovative windshield washing technologies and improve the automotive wiper blade system for better and clear view of the road. Numerous global leading automotive manufacturers are also working on integrating wipe-and-wash and reversible wiper systems. For instance, Mercedes Benz introduced 'Magic vision control' system that uses a conventional washing mechanism, with washer jets integrated on the wiper blade.
Competitive landscape and key vendors
The automotive wiper motors market consists of global and local players. Global players hold the maximum share of the market due to their direct relationships with OEMs, quality of their products, and their mass production facilities and established distribution networks. The growth of the windshield wiper market will also propel the market growth during the forecast period.
The leading vendors in the market are –
- ACDelco
- Bosch
- DENSO
- MABUCHI MOTOR
- Valeo
The other prominent vendors in the market are AM Equipment, ASMO, Cardone Industries, Johnson Electric, Magneti Marelli, and Trico.
Segmentation by end-user and analysis of the automotive wiper motors market
During 2016, the OEMs segment accounted for the major shares of the automotive wiper motors market. Factors such as the rising demans for passenger cars and increasing adoption of wiper motors as a standard fitment by OEMs will contribute to the growth of this industry segment in the coming years.
Geographical segmentation and analysis of the automotive wiper motors market
This market study estimates that in terms of geographic regions, APAC will be the major revenue contributor to the automotive wiper motors market throughout the forecast period. The increased adoption of passenger cars and rise in disposable incomes in the region will drive the demand for automobiles that in turn will propel the growth of the automotive wiper motors market.
Key questions answered in the report include
- What will the market size and the growth rate be in 2021?
- What are the key factors driving the global automotive wiper motors market?
- What are the key market trends impacting the growth of the global automotive wiper motors market?
- What are the challenges to market growth?
- Who are the key vendors in the global automotive wiper motors market?
- What are the market opportunities and threats faced by the vendors in the global automotive wiper motors market?
- Trending factors influencing the market shares of the Americas, APAC, and EMEA.
- What are the key outcomes of the five forces analysis of the global automotive wiper motors market?
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