Title: Wiper Motor Aftermarket (1)
1- 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" - Dont miss out on business opportunities in Wiper
Motor Aftermarket. https//www.marketsandmarkets.
com/speaktoanalystNew.asp?id178759013 - 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.
2https//www.marketsandmarkets.com/requestsampleNew
.asp?id178759013 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. About MarketsandMarkets Marketsa
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