Global Automotive Wiper Motors Market 2017-2021
About Automotive Wiper Motors
A wiper motor is an essential part of a wiper system, which is an electromechanical component. The windshield wiper is the most widely and commonly used accessory used in the automotive industry. It is used to clean vehicle windshields for the driver to have a clear, unobstructed view of the road. The electric wiper motor moves back and forth and sweeps debris, water, and snow from the windshield. The windshield wiper motor powers the wipers that clean the windshield. A linkage is used to convert the rotational output of the windshield wiper motor into the to-and-fro motion of the wiper blades.
Technavio’s analysts forecast the global automotive wiper motors market to grow at a CAGR of 3.13% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global automotive wiper motors market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Automotive Wiper Motors Market 2017-2021
Technavio recognizes the following companies as the key players in the global automotive wiper motors market: ACDelco, Bosch, DENSO, MABUCHI MOTOR, and Valeo.
Other Prominent Vendors in the market are: AM Equipment, ASMO, Cardone Industries, Johnson Electric, Magneti Marelli, and Trico.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growing auto component imports by European auto manufacturers. In 2016, 94.3 million units of vehicles were produced globally, with Europe having a market share of 23.46%. Europe showed the largest growth and Germany was the largest vehicle manufacturer in Europe. The Czech Republic and Poland also showed high growth rates within the sector.”
According to the report, one driver in the market is emerging demand for rain sensing wiper system. The automotive industry is experiencing a growth in demand for rain sensing wipers. These wiper units have rain sensors, which automatically start operating on sensing rain. The rain sensing windshield wiper technology uses the principle of total internal reflection. The amount of light returning to the sensor is dependent on the amount of water on the windshield. The reduced amount of light returning to the sensor during downpour automatically switches on the wipers. Additionally, the sensor also controls the speed of the wipers according to the intensity of the rain.
Further, the report states that one challenge in the market is low profitability due to highly competitive and un-organized market. The automotive and automotive component industries are witnessing lower margins mainly due to the intense competition that has been building up since 1986. The increasing share of Japanese automakers in the market poses a stiff competition for the US automotive industry. Such a highly competitive scenario makes it challenging for companies to raise their product prices even though the raw material prices are high. A small increase in input prices due to the high operating leverage adversely affects the margins by a significant percentage. The automotive industry is highly cyclical and mature. Consumers focus on vehicle prices, comfort, performance, style, and fuel economy.
ACDelco, Bosch, DENSO, MABUCHI MOTOR, Valeo, AM Equipment, ASMO, Cardone Industries, Johnson Electric, Magneti Marelli, and Trico.
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