Global Automotive Wiper Motors Market 2017-2021 - Low Profitability Due to Highly Competitive and Un-Organized Market

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Feb 16, 2018, 01:00 ET

DUBLIN, Feb. 16, 2018 /PRNewswire/ --

The "Global Automotive Wiper Motors Market 2017-2021" report has been added to ResearchAndMarkets.com's offering.

Global automotive wiper motors market to grow at a CAGR of 3.13% during the period 2017-2021.

The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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.

Key Vendors

ACDelco
Bosch
DENSO
MABUCHI MOTOR
Valeo

Other Prominent Vendors

AM Equipment
ASMO
Cardone Industries
Johnson Electric
Magneti Marelli
Trico

Key Topics Covered:

Part 01: Executive Summary

Part 02: Scope of the Report

Part 03: Research Methodology

Part 04: Introduction

Part 05: Market Landscape

Part 06: Market Sizing

Part 07: Five Forces Analysis

Part 08: Customer Landscape

Part 09: Market Segmentation by End-User

Part 10: Regional Landscape

Part 11: Decision Framework

Part 12: Drivers and Challenges

Part 13: Market Trends

Part 14: Vendor Landscape

Part 15: Vendor Analysis

For more information about this report visit https://www.researchandmarkets.com/research/zs4gjb/global_automotive?w=5

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SOURCE Research and Markets