Automotive industry has been witnessing rapid growth due to increasing demand for passenger cars from Brazil, India and China. Growth of automotive industry is prominently reliant on financial flexibility choices present across different regions. For example, in China and India, car financing is the main driver for the region’s market growth comprising of nearly 80% car purchases by means of car loans.
China is anticipated to showcase substantial growth in automotive wiper motor global market with rapidly increasing automotive sales due to tax concessions, subsidies on vehicle purchase and incentives. Europe is likely to inhibit significant growth in automotive wiper motor global market with growing presence of prominent luxury car manufacturers and surging consumer interest towards rain sensing technology.
Commercial vehicle production is taking an upsurge in Latin America automotive wiper motor global market due to rising transport and logistics with growing number of investments made by the region’s leading manufacturers such as Volvo, Ford and Daimler AG
Rapidly increasing demand for rain sensing wiper systems is mainly fuelling the growth of automotive wiper motor global market. Increasing number of auto component imports by auto manufacturers in Europe is likely to be a notable trend in automotive wiper motor global market. Introducing rear wiper system in the entry-level hatchbacks and growth of crossovers and SUVs is expected to fuel the growth of automotive wiper motor global market.
Life-span of automotive wiper motor is comparatively less due to which constant replacement and maintenance has turned out to be the need of the hour. This in turn accelerates the demand for aftermarket in automotive wiper motor global market.
Increasing usage of the windshield washer systems for removal of debris is expected to adversely impact on the growth of automotive wiper motor global market. Low profitability owing to highly competitive as well as un-organized market is expected to pose significant challenges for automotive wiper motor global market.
Automakers are taking immense efforts in investing in research and development for introducing innovative and advanced windshield washing technologies that is inclusive of automotive wiper motor systems for attaining clear and better view of road. Automotive manufacturers in automotive wiper motor global market are focusing on working towards incorporating reversible and wipe-and-wash wiper systems.
The newly incorporated wiper systems are supremely beneficial for the OEMs as it helps in readily assembling wiper products. This in turn makes the ready-assembled products gain traction amongst the OEMs in automotive wiper motor global market.
Bosch has introduced a new structure of the wiper system, which has two motors that is attached to every engine bay’s end. This new automotive wiper motor system replaces mechanical linkage with ECU (electronic control unit) that saves nearly 75% space. Consequently, the new automotive wiper motor system becomes less complicated and lighter, thereby aiding in attaining better fuel efficiency.
Furthermore, this helps in creating space for various components such as HVAC (heating, ventilation, and air conditioning), HUDs (head-up displays), and several other novel comfort features. Most of all, the motor speed can be reduced before reversal for confirming noiseless running.
Manufacturers in automotive wiper motor market are witnessing growing demand for crossovers and SUVs, which in turn provides manufacturers opportunities to increase production of motors and rear wipers. Demand for dual motor technology is expected to drive in notable opportunities for manufacturers in automotive wiper motor global market, thereby offering customers with effective cleaning experience.
Further, manufacturers in automotive wiper motor global market are also planning to work on weight reduction of wiper system for staying in compliance with the increasing government mandates with regards to pollution.
The report includes current scenario as well as growth prospects of automotive wiper motor global market for 2018-2028. The report offers detailed picture of automotive wiper motor global market by means of study, summation of data and synthesis from multiple sources. Projections are done based on certain set of methodologies and assumptions. Report offers analysis depending on the market segments such as industry, application and regions.
Automotive wiper motor global market report has been compiled with the help of comprehensive market analysis along with detailed inputs by industry experts. Report broadly covers market landscape and its development prospects in the forthcoming years. In-depth discussion regarding key vendors functioning in the market is also included in the report.
The report holds quantitative and qualitative assessment by participants throughout the value chain. Moreover, the report also shows qualitative impacts of several market prospects on market regions and segments.
Segmentation of Automotive Wiper Motor Global Market Can Be Done By Sales Channel, Vehicle Type, and Product Type
Based on sales channel, automotive wiper motor global market is segmented into
Based on vehicle type, automotive wiper motor global market is segmented into
Based on product type, automotive wiper motor global market is segmented into
Explore Similar Insights
Automotive Wiper Motor Market
Thank you!
You will receive an email from our Business Development Manager. Please be sure to check your SPAM/JUNK folder too.
