Automotive Wiper Component Aftermarket - Snapshot
Wiper components are integral to the wiper system and they provide a clear vision in snow and rain. A single wiper or a pair is used on the windshields to wipe dust, water, or snow. Front wipers are mandatory in vehicles, thus offering a strong aftermarket potential.
Rise in the population of young consumers and their preference for high clearance and sporty vehicles have raised SUV demand in recent past and growing mid income group population have propelled compact vehicles demand. Cross-overs & SUVs have windshields with steep inclination, as opposed to sedans, the air vortex is thus not sufficient to cleanse the rear windshields, and they require rear wipers. SUVs and cross-overs accounted for 42% of total vehicle sales in the U.S and 26% of total vehicle sales in Europe in 2017. Increase in the number of SUVs and compacts on the road is projected to propel the demand for rear wipers, which in turn is anticipated to fuel the demand for wiper components. The utilization of wipers on the rear windshield also requires an additional wiper motor in the rear. Subsequently, rise in the demand for SUVs & compacts is also anticipated to boost the aftermarket demand for wiper motor.
Wipers undergo considerable wear and tear and have a shelf-life of six to 12 months and thus, require periodic replacement. Expanding dealership network and rise of ecommerce portals are estimated to boost the wiper component aftermarket.
The average age of vehicles has risen to 11 years, the change in mindset of people to prefer retention of their vehicle for a longer time and improved quality of the parts have delayed the scrapping of vehicles. Increasing number of aged vehicles on the roads demanding maintenance and parts replacement is fuelling the aftermarket demand for wiper components. Several first-time buyers and youths are opting for used vehicles, improvements in the used car industry expands the scope of maintenance value parts and is thus, a major driver for the wiper component aftermarket.
The entry of Europe-based luxury car makers in Asia Pacific has propelled the usage of advanced technologies such as rain sensors in the region. Partnerships of key luxury automakers with China-based companies such as BMW Brilliance, Beijing Benz, and Geely have driven the rain sensing technologies market. Europe and North America witness a high rate of adoption of rain sensing technology owing to high disposable income of the consumers and the demand for luxury features. Therefore, these regions are favorable aftermarkets for wiper components.
North America witnesses a significant penetration of rain sensors owing to the high usage of premium and luxury vehicles in the region. Cold countries of Europe & North America employ wipers to clear the snow of their vehicles. Usage of wipers for clearing snow leads to higher wear and tear and causes smear lines on windshields, thus replacement of wipers after winter becomes a necessity, which in turn fuels the demand for wipers in the aftermarket.
China & India are witnessing high economic growth; consequently, the sales of commercial vehicles in the region have increased. Increasing number of vehicles on the roads in India and China is boosting the wiper component aftermarket in Asia-Pacific. Asia Pacific being a monsoon region, witness high seasonal rainfall and thus, offers significant opportunity for the wiper component aftermarket.
Key players operating in the global wiper component aftermarket include Robert Bosch Gmbh, DENSO Corporation, Federal Mogul Motorparts LLC. Valeo, Nippon Wiper Blade Co., Am Equipment, Mitsuba Corp ,HELLA GmbH & Co. KGaA, DOGA SA, , Pilot Automotive, B. Hepworth and Company Limited, and Magneti Marelli S.p.A.
Automotive Wiper Component Aftermarket - Overview
This report presents and analyzes an in-depth view of the global Automotive Wiper Component Aftermarket. The market’s value is measured by revenue (US $ Mn) and volume (Million Units), and the market is forecast for a period between 2017 and 2016. The report comprises a study of the technological roadmap and key industry developments of the Automotive Wiper Component Aftermarket. The report also covers drivers, restraints, and opportunity analysis that help overview the market.
The report presents a study of market attractiveness by their market growth and size over all market segments. Detailed value chain analysis & SWOT have been conducted to analyze market trends and bargaining power of the consumers and suppliers. The study encompasses the Porter’s Five Forces model for the Automotive Wiper Component Aftermarket in order to help understand the competitive landscape in the market. The report includes an in-depth study of market attractiveness analysis, wherein market segments are compared based on their growth rate, market size, and general attractiveness.
The study encompasses an in-depth view of the global Automotive Wiper Component Aftermarket for vehicles by segmenting it in terms of component, vehicle, and region. These segments have been analyzed based on current and future trends. Regional segmentation includes the current and forecast demand for automotive Automotive Wiper Component Aftermarket in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report also covers demand for individual application segments in all regions.
Major players operating across globe are considered for the study and have been profiled. Key players operating in the Automotive Wiper Component Aftermarket include Trico, Robert Bosch GmbH, Valeo, DENSO Corporation, HELLA GmbH & Co. KGaA, Federal Mogul Motorparts LLC., Am Equipment , Nippon Wiper Blade Co. Ltd., DOGA SA, Pilot Automotive, Magneti Marelli S.p.A, Mitsuba Corp., and B. Hepworth and Company Limited. The company profile has been mapped over financials of the company, business strategy, company overview, recent developments, and their investments.
The report provides the estimated market size of the automotive Automotive Wiper Component Aftermarket for 2017 and forecast for the next nine years. The global market size of automotive Automotive Wiper Component Aftermarket has been provided in terms of revenue and volume. Market numbers have been estimated based on key component, vehicle, and regional segments of the wiper component market for automotive. Market size and forecast for each major type and vehicle have been provided in terms of global and regional/country markets.
In order to compile the research report, we conducted in-depth interviews and discussions with a number of key industry participants and opinion leaders. Primary research represents the bulk of research efforts, supplemented by extensive secondary research. We reviewed key players’ product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research also includes a search of recent trade, technical writing, internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise market data, capturing industry participants’ insights, and recognizing business opportunities.
Secondary research sources that are typically referred to include, but are not limited to, company websites, annual reports, financial reports, broker reports, investor presentations, and SEC filings, internal and external proprietary databases, and relevant patent and regulatory databases, national government documents, statistical databases, and market reports, news articles, press releases and webcasts specific to companies operating in the market, National government documents, statistical databases, market reports, American Automobile Association, European Automobile Manufacturers Association, Automotive Research Association of India, Organization International des Constructeurs d'Automobile (OICA), Factiva, etc.
Primary research involves e-mail interactions, telephonic interviews, and face-to-face interviews for each market, category, segment, and sub-segment across geographies. We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate the data and analysis. Primary interviews provide firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc. These help validate and strengthen secondary research findings. These also help develop the analysis team’s expertise and market understanding.
The Automotive Wiper Component Aftermarket for automotive has been segmented as follows:
Global Automotive Wiper Component Aftermarket: by Component
- Wiper Blade
- Wiper Motor
- Rain Sensor
Global Automotive Wiper Component Aftermarket: by Vehicle
- Passenger Vehicle
- Commercial Vehicle
Global Automotive Wiper Component Aftermarket: by Region/Country/Sub-region
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East & Africa
- South Africa
- Rest of Middle East
- Latin America
- Rest of Latin America