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Pulished Date January, 2021
ID: 10791
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Wiper Motor Aftermarket Market Segmentation by Vehicle Type (Commercial Vehicle, Passenger Cars), By Distribution Channel (Wholesalers and Distributors, Component Part Manufacturers Sales, Specialists Repairers and Suppliers, Franchised Dealers, Independent Garages, and others) - Industry Analysis, Size, Share, Growth, Trends and Forecast 2021-2026.

Pulished: January, 2021
ID: 10791
Pages: 175

Product Description:

A wiper motor is an essential component used to drive a windshield wiper system in the car. The wiper motor activates the linkage that moves the wiper arms back and forth, and with vehicles that have a rear wiper, a separate wiper motor is used. Different sized car windshield systems require differently designed windshield wiper systems. Windshield wiper systems are regularly used by the car driver when the car is subject to adverse weather conditions such as rain and snow. Continued use of the windshield wiper system will wear out the engine and require replacement.

Market Overview:

The global wiper motor aftermarket market is expected to see significant growth during the forecast period. A wiper is a gadget that is utilized to give clear permeability in unfriendly climate conditions. A windshield wiper, by and large, comprises of a metal arm, rotated toward one side, and a long elastic cutting edge connected to the next. The arm is powered by a windshield wiper motor that rotates the blade back and forth through the glass. The speed of the wiper arm is normally regulated by intermittent adjustments.

Recent Developments:

  • Automotive component maker Valeo opened a factory to make windshield wiper motors in Chennai, India. The plant will manufacture rear wiper motors for original equipment manufacturers and the country's aftermarket segment.
  • Since its inception, Lucas-TVS has been committed to meeting the needs of its customers through a range of quality products. The company regularly offers its new products to its OEM customers.
  • The most common cause of wiper motor failure is overheating or excessive motor rotation. Also, age-related wear and tear can cause the wiper linkage to bind. Since the wiper motor does not have tapped holes, replacing it usually requires additional self-tapping screws.
  • The SEAT unit of the Volkswagen Group, which is converting a vehicle manufacturing plant in Spain, one of the countries most affected by the pandemic, to produce ventilators that hospitals desperately need. SEAT is working with various providers, academic researchers, and health experts on this initiative.

Drivers and Restraints of Wiper Motor Aftermarket:

Drivers:

The growth of the global wiper motor aftermarket market is driven by the growth of the automotive industry and the need to replace the wiper motor due to the continued use of the wiper system. Macroeconomic factors such as economic growth, rising disposable income and the rapid rate of urbanization, as well as industrialization, are also driving the global market for spare parts of wiper motors. Value chain integration, increased automation and technological advancement are some of the factors that have followed the global market for wiper motor aftermarket during the review period.

Restraints:

The ease of availability of substitutes for wiper motors poses unique challenges for the growth of the wiper motors aftermarket in the coming years.

Market Segmentation:

By Vehicle Type:

  • Commercial Vehicle
    • Heavy Motor Vehicle
    • Light Motor Vehicle
  • Passenger Cars

Among these, the passenger segment is growing at a substantial CAGR in the global wiper motor aftermarket market, while the commercial segment represents a relatively high revenue share over the forecast period.

By Distribution Channel:

  • Wholesalers and Distributors
  • Component Part Manufacturers Sales
  • Specialists Repairers and Suppliers
  • Franchised Dealers
  • Independent Garages
  • Other Suppliers

Among these, the wholesalers and distributors segment represents a relatively high revenue share in the global wiper motor aftermarket market, followed by the component manufacturers sales segment. The franchise dealers are supposed to grow at a relatively high expansion rate.

Wiper Motor Aftermarket Region-wise analysis:

Marked Segmentation based on the region:

  1. North America
    1. U.S
    2. Canada
  2. Europe
    1. Norway
    2. Germany
    3. Sweden
  3. Asia Pacific
    1. China
    2. India
    3. Japan
  4. Latin America
    1. Brazil
    2. Mexico
    3. Argentina
  5. Middle East and Africa

a. Middle East

b. Africa

North America is followed by Western Europe in the global market for wiper motor spare parts, due to strong demand for passenger cars in the region. Europe is expected to dominate the market due to the potential increase in vehicle sales in the future. European markets are primarily driven by the need for regular maintenance that broadens the target audience. The Asia Pacific locale is likely to record a generally high development rate in the worldwide wiper motor aftermarket industry during the conjecture time frame, because of the fast development pace of the car business in the area. Latin America and Middle East Africa are expected to have relatively high opportunities for players in the wiper motor aftermarket due to economic growth and industrialization. Overall, the outlook for the global wiper motor aftermarket will show growth over the forecast period.

Key Players of Market:

  •  DOGA Automotive
  •  Febi Bilstein
  •  Lucas TVS Ltd.
  •  Magneti Marelli
  •  PSV Wipers Ltd.
  •  Robert Bosch GmbH
  •  Trico Products
  •  Valeo S.A
  •  WAI Global
  •  Wexco Industries Inc.

IMPACT OF COVID-19 ON THE WIPER MOTOR AFTERMARKET:

Amid the coronavirus crisis, the global automotive aftermarket is estimated to reach a revised size of US $ 527.7 billion by 2027 with a CAGR of 2% during the analysis period 2020-2027. Mechanical products are supposed expected to register a moderate development rate in the wiper motor aftermarket over the foreseen period. Considering the overall business implications and economic crisis caused by the COVID-19, the growth of the aftermarket is readjusted to a revised CAGR of 1.5% for the next 7-year period.

The coronavirus has closed factories and workers around the world have been sent home to avoid transmissions. This has led to declined sales and revenue in the automobile sector, which is likely to take some time in the future to fully recover.

1. Introduction                                  

            1.1 Market Definition            

            1.2 Scope of the report                     

            1.3 Study Assumptions                     

            1.4 Base Currency, Base Year and Forecast Periods              

2. Research Methodology                              

            2.1 Analysis Design               

            2.2 Research Phases              

                        2.2.1 Secondary Research     

                        2.2.2 Primary Research         

                        2.2.3 Data Modelling 

                        2.2.4 Expert Validation          

            2.3 Study Timeline                

3. Report Overview                            

            3.1 Executive Summary                     

            3.2 Key Inferencees               

4. Market Dynamics                          

            4.1 Impact Analysis               

                        4.1.1 Drivers 

                        4.1.2 Restaints          

                        4.1.3 Opportunities   

            4.2 Regulatory Environment              

            4.3 Technology Timeline & Recent Trends               

5. Competitor Benchmarking Analysis                                  

            5.1 Key Player Benchmarking            

                        5.1.1 Market share analysis  

                        5.1.2 Products/Service          

                        5.1.3 Regional Presence        

            5.2 Mergers & Acquistion Landscape           

            5.3 Joint Ventures & Collaborations              

6. Market Segmentation                                

            6.1 Wiper Motor Aftermarket Market, By Vehicle Type                    

                        6.1.1 Commercial Vehicle     

                        6.1.2 Passenger Cars 

                        6.1.3 Market Size Estimations & Forecasts (2019-2024)     

                        6.1.4 Y-o-Y Growth Rate Analysis    

                        6.1.5 Market Attractiveness Index    

            6.2 Wiper Motor Aftermarket Market, By Distribution Channel                   

                        6.2.1 Wholesalers and Distributors  

                        6.2.2 Component Part Manufacturers Sales 

                        6.2.3 Specialists Repairers and Suppliers     

                        6.2.4 Franchised Dealers      

                        6.2.5 Independent Garages   

                        6.2.6 Other Suppliers

                        6.2.7 Market Size Estimations & Forecasts (2019-2024)     

                        6.2.8 Y-o-Y Growth Rate Analysis    

                        6.2.9 Market Attractiveness Index    

7. Geographical Landscape                           

            7.1 Global Identity Governance and Administration Market, by Region                  

            7.2 North America - Market Analysis (2018 - 2024)           

                        7.2.1 By Country        

                                    7.2.1.1 USA

                                    7.2.1.2 Canada

                        7.2.2 By Vehicle Type

                        7.2.3 By Distribution Channel

            7.3 Europe                 

                        7.3.1 By Country        

                                    7.3.1.1 UK

                                    7.3.1.2 France

                                    7.3.1.3 Germany

                                    7.3.1.4 Spain

                                    7.3.1.5 Italy

                                    7.3.1.6 Rest of Europe

                        7.3.2 By Vehicle Type

                        7.3.3 By Distribution Channel

            7.4 Asia Pacific                      

                        7.4.1 By Country        

                                    7.4.1.1 China

                                    7.4.1.2 India

                                    7.4.1.3 Japan

                                    7.4.1.4 South Korea

                                    7.4.1.5 South East Asia

                                    7.4.1.6 Australia & NZ

                                    7.4.1.7 Rest of Asia-Pacific

                        7.4.2 By Vehicle Type

                        7.4.3 By Distribution Channel

            7.5 Latin America                  

                        7.5.1 By Country        

                                    7.5.1.1 Brazil

                                    7.5.1.2 Argentina

                                    7.5.1.3 Mexico

                                    7.5.1.4 Rest of Latin America

                        7.5.2 By Vehicle Type

                        7.5.3 By Distribution Channel

            7.6 Middle East and Africa                

                        7.6.1 By Country        

                                    7.6.1.1 Middle East

                                    7.6.1.2 Africa

                        7.6.2 By Vehicle Type

                        7.6.3 By Distribution Channel

8. Key Player Analysis                       

            8.1 DOGA Automotive           

                        8.1.1 Business Description   

                        8.1.2 Products/Service          

                        8.1.3 Financials         

                        8.1.4 SWOT Analysis 

                        8.1.5 Recent Developments  

                        8.1.6 Analyst Overview         

            8.2  Febi Bilstein                    

            8.3  Lucas TVS Ltd.                

            8.4  Magneti Marelli              

            8.5  PSV Wipers Ltd.               

            8.6  Robert Bosch GmbH                   

            8.7  Trico Products                

            8.8  Valeo S.A            

            8.9  WAI Global                      

            8.10  Wexco Industries Inc                

9. Market Outlook & Investment Opportunities                               

Appendix                               

            List of Tables             

            List of Figures            

  • Global, Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The segment-level analysis in terms of by type, by application, by end-user, along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographics, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Wiper Motor Aftermarket Market By Region, From 2021-2026 ( USD Billion )
  2. Global Wiper Motor Aftermarket Market By Vehicle Type, From 2021-2026 ( USD Billion )
  3. Global Commercial Vehicle Market By Region, From 2021-2026 ( USD Billion )
  4. Global Passenger Cars Market by Region, From 2021-2026 (USD Billion)
  5. Global Wiper Motor Aftermarket Market By Distribution Channel, From 2021-2026 ( USD Billion )
  6. Global Wholesalers and Distributors Market By Region, From 2021-2026 ( USD Billion )
  7. Global Component Part Manufacturers Sales Market By Region, From 2021-2026 ( USD Billion )
  8. Global Specialists Repairers and Suppliers Market By Region, From 2021-2026 ( USD Billion )
  9. Global Franchised Dealers Market By Region, From 2021-2026 ( USD Billion )
  10. Global Independent Garages Market By Region, From 2021-2026 ( USD Billion )
  11. Global Other Suppliers Market By Region, From 2021-2026 ( USD Billion )

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