Top players in the automotive wiper motor market are working towards holding maximum share in the global market with direct relations with OEMs, established distribution networks, mass production facilities as well as high-end product quality. Leading automotive manufacturers across the globe have been taking immense efforts in integrating reversible wiper and wipe-and-wash systems, which in turn lucratively benefits the growth of automotive wiper motor market. For example, Mercedes Benz launched a system named ‘Magic vision control’ that utilizes standard washing mechanism together with the washer jets that are combined on wiper blades. Such developments by the leading players notably beefs up revenue sales in automotive wiper motor market.
Aftermarket Sales to Witness Notable Growth in Automotive Wiper Motor Market
Constant use of wiper system leads to wear and tear of automotive wiper motor, which in turn leads to replacement needs. This in turn drives the demand for aftermarket in automotive wiper motor market. Furthermore, average vehicle age is another major factor supporting the growth of aftermarket in automotive wiper motor market. Increasing number of older vehicles increases the demand for replacement of components and part owing to excessive use, which in turn stimulate the revenue sales of aftermarket in automotive wiper motor market. Expansion of the dealership networks in the developing economies along with growing awareness regarding vehicle servicing has been estimated as stimulating the growth of aftermarket in automotive wiper motor market.
Passenger Cars to Take A Toll in Automotive Wiper Motor Market
Passenger cars are expected to prove significantly lucrative for automotive wiper motor market in the long run with increasing economic conditions, inflation levels as well as changing government policies. Rapidly increasing number of passenger vehicles and their requirement for frequent replacement of parts on account of constant usage would significantly drive the revenue sales of passenger vehicles in automotive wiper motor market. However, commercial vehicles are expected to hold significant share in automotive wiper motor market as they travel longer distance compared to passenger vehicles. These commercial vehicles are more subject to adverse conditions and for longer durations, which in turn leads to regular replacement of components. All these factors are likely to contribute significantly towards growth of aftermarket in automotive wiper motor market.
Rapidly increasing customer preferences for crossovers, hatchbacks and SUVs are expected to contribute significantly towards expansion of automotive wiper motor market with surging demand for wipers on rear windshield. However, crossovers and SUVs would be holding maximum share in automotive wiper motor market as they have steep inclination and air vortex does not have the capability to cleanse rear windshield like sedans and therefore need rear wipers. With burgeoning utilization of rear motors and rear wipers is expected to significantly fuel the growth of automotive wiper motor market.
According to ongoing analysis, beam blade automotive wiper motor type is likely to gain significant traction in automotive wiper motor market across the globe on account of superior aesthetic appearance, aerodynamic design and maximum contact points. In addition, commercial vehicles are expected to open-up lucrative growth opportunities for beam blade type product in automotive wiper motor market.
APAC to Showcase Innumerable Growth Opportunities for Automotive Wiper Motor Market
Asia-Pacific is expected to contribute towards growth of automotive wiper motor market on a major basis with rapidly increasing number of vehicle production in the region. Notable tax discounts with regards to manufacturing of the small engine vehicles across China further drives compact vehicles production, thereby supporting the growth of APAC automotive wiper motor market. European Union and Japan has entered in a free-trade agreement, which in turn would significantly benefit in Japan’s vehicle export, with the broader existence of tariff reliefs.
An on-going detailed study of global automotive wiper motor market offers a wide-ranging assessment of the present and soon-to-be scenario of the automotive wiper motor market. The all-inclusive study on automotive wiper motor market presents exclusive visions that go hand-in-hand with the up-to-date market advances powering the extensive adoption of automotive wiper motor.
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