Wiper Motor Aftermarket Market value projected to expand by 2025
Wiper system is driven by the wiper motor. Wiper system are used for clear visibility in case the vehicle is faces adverse weather conditions such as snowfall or rainfall. Persistent use of a wiper system leads to wear and tear of the motor, which leads to demand for wiper motor in aftermarket. Wiper motor aftermarket market is expected to expand at a significant growth rate, owing to increasing demand for automotive across the globe.
Global Wiper Motor Aftermarket Market Dynamics:
The growth of the global wiper motor aftermarket market is driven by growing automotive industry and the need of replacement of the wiper motor as a result of continuous use of wiper system. Macroeconomic factors such as growing economy, rising disposable income, and rapid rate of urbanization as well as industrialization also driving the global wiper motor aftermarket market. Integration of value chain, increasing automation, and technological advancement are some of the factors trending the global wiper motor aftermarket market over the forecast period.
Global Wiper Motor Aftermarket Market Segmentation:
The global wiper motor aftermarket market is segmented by vehicle type, distribution channel, and region. By vehicle type, the global wiper motor aftermarket market segmented into commercial vehicle and passenger cars. Among these, the passenger segment is growing at a substantial value CAGR in global wiper motor aftermarket market whereas commercial segment accounts for relatively high revenue share the forecast period.
On the basis of distribution channel, the global wiper motor aftermarket market segmented into wholesalers and distributors, component part manufacturer sales, specialists repairers and suppliers, franchised dealers, independent garages, and other supplier. Among these, the wholesalers and distributors segment account for relatively high revenue share in global wiper motor aftermarket market followed by component part manufacturer sales segment over the forecast period. Whereas, franchised dealers is expected to expand at relatively high growth rate.
Request for Table of Contents @ https://www.persistencemarketresearch.com/toc/15184
On the basis of vehicle type, the global wiper motor aftermarket market is segmented into:
Heavy Motor Vehicle
Light Motor Vehicle
On the basis of distribution channel, the global wiper motor aftermarket market is segmented into:
Wholesalers and Distributors
Component Part Manufacturers Sales
Specialists Repairers and Suppliers
Global Wiper Motor Aftermarket Market Regional Outlook:
On the basis of geographies, the global wiper motor aftermarket market is segmented into seven regions -- North America, Western Europe, Eastern Europe, Japan, Asia-Pacific except Japan, Latin America, and the Middle East & Africa. Among the regions, Western Europe account for a relatively high share of the global wiper motor aftermarket market in terms of value, attributed to relatively high revenue share in global automotive market. North America is followed by Western Europe in global wiper motor aftermarket market, owing to high demand for passenger cars across the region. Eastern Europe and Japan also accounts for significant value share in the global wiper motor aftermarket market, owing to high technological advancement and high demand for premium vehicles across the regions.
Request to View Sample of Research Report @ https://www.persistencemarketresearch.com/samples/15184
The Asia-Pacific is expected to register relatively high growth rate in the global wiper motor aftermarket market over the forecast period, owing to rapid rate of advancement in automotive industry across the region. Latin America and Middle East Africa is expected to have relatively high opportunity for wiper motor aftermarket market players, attributed to growing economy and industrialization. Overall, the outlook for the global wiper motor aftermarket market will have a positive growth over the forecast period.
Global Wiper Motor Aftermarket Market Player:
Few players in the global wiper motor aftermarket market include WAI Global, DOGA Automotive, Magneti Marelli, Robert Bosch GmbH, and Valeo S.A.
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance. To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
Persistence Market Research
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Wiper Motor Aftermarket Market value projected to expand by 2025 here
News-ID: 999523 • Views: 391
More Releases from Persistence Market Research
Portable Temperature And Humidity Data Market to Flourish with an Impressive CAG …
Portable Temperature And Humidity Data Loggers Market: Overview Portable temperature data loggers are useful instruments which can be used to record temperature of any object for a predefined time. The temperature can be monitored from a distance which is measured on an autonomous basis. This portable temperature and humidity data loggers are primarily used in cold chain shipping and logistics. There are a wide variety of temperature and humidity data loggers available
Rupture Disc Market Estimates The Market To Expand At Around 3.7% CAGR From 2021 …
Global rupture disc sales are set to be valued at US$ 587.5 Mn in 2021, with a stable long-term projection, according to latest insights by Persistence Market Research. The report estimates the market to expand at around 3.7% CAGR from 2021 to 2031. Growing need for high-performance safety devices in the industrial sector has led to intensify demand for rupture discs from the oil & gas and energy & chemical industry.
The Lithium Ion Battery Market estimated to expand at a CAGR of around 14% by va …
The rapidly growing fleet of electric vehicles (EVs) is one of the most important driving factors for the lithium ion battery market. The automotive industry has been witnessing a visible shift from using nickel metal batteries to lithium ion batteries in plug-in vehicles and EVs. The beneficial physical characteristics of lithium ion batteries such as small size and light weight have bolstered their demand across the automotive industry. The global
Incremental Sales To Drive The Agricultural Equipment Market From 2016-2024
The dependency of agricultural activities on equipment has intensified as conventional methods of obtaining better farm produce are being rendered as useless. Taking the growing global population into account, demand for effective agricultural equipment continues to grow in parallel with the rising global consumption of food & beverages. However, high interest rates levied for purchase of agricultural equipment are becoming a major stumbling block for farmers from several parts of
More Releases for Wiper
Automotive Wiper Blade Market Report 2018: Segmentation by Type (Boneless Wiper …
Global Automotive Wiper Blade market research report provides company profile for Valeo, Bosch, Federal-Mogul, Denso, Trico, Mitsuba, HELLA, ITW, DOGA, CAP, ICHIKOH, KCW and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The report
Wiper System Market Report 2018: Segmentation by Technology Type (Rain-sensing, …
Global Wiper System market research report provides company profile for Robert Bosch GmbH, DENSO Corporation, Valeo, Federal Mogul Motorparts LLC., HELLA GmbH & Co. KGaA, DOGA SA, Nippon Wiper Blade Co., Ltd., Pilot Automotive and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate,
Wiper System Market: Rising Demand for SUVs Fuelling Sales of Rear Wiper System
Demand for wiper system, an integral component of a vehicle, continues to witness a steady traction, in light of its radical benefits such as enhancing visibility & safety of passengers and the vehicle alike. With the wiper system being a mandatory asset in vehicles, vehicle sales proliferation in light of increasing GHDI has been fostering expansion of the wiper system market in recent years. These insights are according to a
Global Frameless Wiper Blades Market 2018 - AERO, Trico, Valeo, Denso
Global Frameless Wiper Blades Market 2018 Analysis Report audits a Market Regions, Product Categories, with Sales, Business Revenue, Goods cost, Frameless Wiper Blades piece of the overall industry and Growth patterns, concentrating on driving Frameless Wiper Blades industry players, showcase size, request and supply examination, utilization volume, Forecast 2018 to 2022. The major regions present in the continents like United States, Germany, Japan and China and their contribution
Windshield Wiper Blades Market 2017 - Bosch, Valeo, Federal-Mogul, Denso
Apex Research, recently published a detailed market research study focused on the "Windshield Wiper Blades Market" across the global, regional and country level. The report provides 360° analysis of "Windshield Wiper Blades Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global Windshield Wiper Blades industry, and estimates the future trend of Windshield
Global Wiper Market 2017 - Denso, Mitsuba, Bosch, Lucas TVS, Valeo
The Wiper report is offers a clear picture of the current and future trends, developments and opportunities. The report, prepared by a highly seasoned team of analysts and data experts, carries an array of tables and graphs besides qualitative analyses. Starting with a discussion on the current state of the Wiper market, the report goes on to discuss the dynamics affecting each segment within it. The report segments the market