The global automotive wiper motor market is expected to grow at a CAGR of 4.36% during the forecast period, reaching a total market size of US$5.741 billion in 2024 from US$4.445 billion in 2018. The growth is attributed to the increasing production and demand for vehicles.
Wiper Motor is a component that is an important part of the wiper system which is used to clean the windshield and provide the driver with a clear and unobstructed view of the road. A wiper motor is an electromechanical component that powers the windshield wipers. The wipers move radially across the windshield to remove any debris, water, or snow to provide an unobstructed view. With the help of linkages, the rotational motion of the wipers is converted into to and fro motion of the wiper. The most commonly used motor in the wiper system is the DC motor.
The need for safer driving on the road the windshield has to be clean so that drivers can view the road properly is going to drive the market over the coming years. The key players are investing in bringing new technology wiper systems like the rain-sensing wiper systems which deploy the wiper blades when the rain sensor senses rain on the windshield. Also, some SUVs and other big cars come with a rear windshield wiper, these factors will also play a role in driving the market.
By Product Type
By product type, the global automotive wiper motor market has been segmented as brush and brushless dc motor and stepper motor. Brush and Brushless DC Motor holds a significant amount of share in the market as they are increasingly common in the wiper system of all types of cars.
By Vehicle Type
By vehicle type, the global automotive wiper motor market has been segmented as a passenger vehicle, light commercial vehicle, and heavy commercial vehicle. Though all vehicles come fitted with the wiper motor, passenger cars hold a significant share due to the higher demand for passenger cars.
By the end-user, the global automotive wiper motor market has been segmented as OEMs and aftermarkets. OEMs hold a significant share in the market owing to the fact that all vehicles are included with a wiper motor in their wiper system.
Geographically, the global automotive wiper motor market is segmented as North America, Europe, Middle East & Africa, Asia-Pacific, and South America. The Asia Pacific holds a great amount of share in the market owing to the increasing amount of demand and production in the region.
The global automotive wiper motor market has been analyzed through the following segments:
By Product Type
Brush and Brushless DC Motor
By Vehicle Type
Light Commercial Vehicle
Heavy Commercial Vehicle
Middle East and Africa
Frequently Asked Questions (FAQs)
Q1. What will be the automotive wiper motor market size by 2024?
A1. The global automotive wiper motor market is expected to reach a market size of US$5.741 billion in 2024.
Q2. What factors are anticipated to drive the automotive wiper motor market?
A2. The automotive wiper motor market growth is attributed to the increasing production and demand for vehicles.
Q3. What are the growth prospects for the automotive wiper motor market?
A3. The automotive wiper motor market is expected to expand at a CAGR of 4.36% over the forecast period.
Q4. What is the size of the global automotive wiper motor market?
A4. Automotive Wiper Motor Market was valued at US$4.445 billion in 2018.
Q5. Which region holds the largest market share in the automotive wiper motor market?
A5. The Asia Pacific holds a great amount of share in the market owing to the increasing amount of demand and production in the region.
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.6. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Secondary Sources
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter’s Five Forces Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of New Entrants
4.5.4. Threat of Substitutes
4.5.5. Competitive Rivalry in the Industry
4.6. Life Cycle Analysis - Regional Snapshot
4.7. Market Attractiveness
5. GLOBAL AUTOMOTIVE WIPER MOTOR MARKET BY PRODUCT TYPE
5.1. Brush and Brushless DC Motor
5.2. Stepper Motor
6. GLOBAL AUTOMOTIVE WIPER MOTOR MARKET BY VEHICLE TYPE
6.1. Passenger vehicle
6.2. Light commercial vehicle
6.3. Heavy commercial vehicle
7. GLOBAL AUTOMOTIVE WIPER MOTOR MARKET BY END USER
8. GLOBAL AUTOMOTIVE WIPER MOTOR MARKET BY GEOGRAPHY
8.1. North America
8.2. South America
8.3.3. United Kingdom
8.4. Middle East and Africa
8.4.1. Saudi Arabia
8.5. Asia Pacific
8.5.3. South Korea
9. COMPETITIVE INTELLIGENCE
9.1. Competitive Benchmarking and Analysis
9.2. Recent Investments and Deals
9.3. Strategies of Key Players
10. COMPANY PROFILES
10.1. Sanauto Engineers India Pvt. Ltd.
10.2. Lucas TVS
10.3. The Valeo Group
10.5. PSV Wipers Limited
10.6. CARDONE Industries
10.7. Magneti Marelli S.p.A
10.8. Robert Bosch
LIST OF FIGURES
LIST OF TABLES
Sanauto Engineers India Pvt. Ltd.
The Valeo Group
PSV Wipers Limited
Magneti Marelli S.p.A
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