Wiper Motor Aftermarket Market

Wiper Motor Aftermarket Market Size (2023-2028):

The Global Wiper Motor Aftermarket Market was worth US$ 2.66 billion in 2022 and is anticipated to reach a valuation of US$ 3.12 billion by 2028 and is predicted to register a CAGR of 2.95% during 2023-2028.

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.

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 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.

Market 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 aftermarkets during the review period.

Market 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 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 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.

WIPER MOTOR AFTERMARKET MARKET REPORT COVERAGE:

Market Segmentation:

Wiper Motor Aftermarket Market - 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.

Wiper Motor Aftermarket Market - 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.

Market Regional Analysis: 

The Global Wiper Motor Aftermarket Market Report includes the segmentation of regions:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & 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.

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 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 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.

Market Key Players:

1.  DOGA Automotive
2.  Febi Bilstein
3.  Lucas TVS Ltd.
4.  Magneti Marelli
5.  PSV Wipers Ltd.
6.  Robert Bosch GmbH
7.  Trico Products
8.  Valeo S.A
9.  WAI Global
10.  Wexco Industries Inc.