Automotive Wiper Motor Market Size [USD 2.5 Billion by 2032]

May 24, 2023

Updated · Apr 10, 2023

Published Via 11Press: The automotive wiper motor market was estimated to be worth USD 1.6 Billion in 2022 and reach its peak value of USD 2.5 Billion by 2032 at a compound annual growth rate (CAGR) of 5.0% between 2022 and 2032. Wiper motors are essential components of automotive wiper systems, used to provide drivers with clear windshields during adverse weather conditions. The growth in this sector is being spurred by rising demand for passenger and commercial vehicles, advances in wiper motor technology, as well as growing awareness regarding vehicle safety measures.

The global automotive wiper motor market is expected to expand at a moderate pace over the coming years, driven by increasing demand for passenger cars and commercial vehicles as well as government initiatives to enhance vehicle safety. Geographically, the Asia Pacific region is projected to dominate this space, with China, Japan, and India being its major contributors due to increasing sales of passenger and commercial vehicles within this region and strict regulations implemented by governments to enhance vehicle safety.

On the basis of product type, the market can be divided into electric and non-electric wiper motors. The electric wiper motor segment is expected to dominate this space due to its higher efficiency and superior performance. The automotive wiper motor market is dominated by Valeo S.A., Bosch Limited, Denso Corporation, Trico Products Corporation, and Mitsuba Corporation among others. These companies are investing in product innovation, strategic partnerships, and mergers & acquisitions to strengthen their market position and expand globally. Overall, the automotive wiper motor market is expected to experience steady growth over the coming years due to rising demand for passenger and commercial vehicles as well as increasing emphasis on vehicle safety.

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The global automotive wiper motor market is split into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific is expected to hold the largest share of this market due to increasing demand for passenger and commercial vehicles in countries like China and India. North America and Europe also expect significant growth due to the presence of leading automotive manufacturers in these regions.

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Q: What factors are driving the growth of the automotive wiper motor market?

A: Factors driving growth in the automotive wiper motor market include rising vehicle demand in emerging economies, increasing focus on advanced driver assistance systems, and an escalating preference for electric vehicles.

Q: What are the challenges confronting the automotive wiper motor market?

A: The automotive wiper motor market faces numerous obstacles, such as the rising use of smart materials and sensors, focus on lightweight materials and new technologies, and growing demand for integrated wiper systems.

Q: What are the recent developments in the automotive wiper motor market?

A: Recently, new wiper motors have been launched specifically for electric and autonomous vehicles as well as motors capable of detecting obstacles and adjusting their speed accordingly.

Q: What are the opportunities in the automotive wiper motor market?

A: Opportunities exist due to rising vehicle demand from emerging economies, increasing focus on advanced driver assistance systems, and an increase in electric vehicle sales.

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