According to latest Automotive Bumper Market Analysis 2019 to 2023 report, the global Automotive Bumper market is expected to grow at 5.76% CAGR by 2023. Report include insightful analysis done by Automotive Bumper Industry expertise which comprises valuable historical and forecast information on Automotive Bumper Market By Material (Composite Plastic, Metal and Fiber), By Positioning (Front ends and Rear ends), By End Market (OEM and Aftermarket) and Region.
Automotive Bumper Industry Key Companies Analyzed in Report: Plastic Omnium (France), Toyota Boshoku Corporation (Japan), Toyoda Gosei Co., Ltd (Japan), Magna International, Inc. (Ontario), SMP Deutschland GmbH (Germany), Yanfeng Plastic Omnium automotive Exterior Systems Co. Ltd (Shanghai), JiangNan Mould & Plastic Technology Co., Ltd. (Japan), NTF (India) Private Ltd (India), Fab Fours, Inc. (U.S.), and Venture Otto SA (Pty) Ltd. (South Africa).
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Global Automotive Bumper Market 2019 Insights:
Bumper is an important part in the manufacturing of an automobile. The bumper must be designed so flexibly as to decrease the number of occupant and passenger injury. It should be made to remain intact during low-speed impact. The automobile industry designs it to reduce and prevent physical damage to the rear and front ends of the vehicles. As per the reports published by Market Research Future, the global automotive bumper market is expected to generate around USD 14,489 million during 2023. The market is estimated to grow at 5.76% CAGR over the forecast period. The global automotive industry has witnessed an increasing demand for light weight vehicles.
Expansion in market and rising demand for light weight vehicles over the years has surged among the customers which in turn has augmented the pressure on auto bumpers manufacturers to reduce the weight of the material used in the manufacturing process. The lightweight vehicles are more fuel efficient and their emission rates are lesser. These features substantially drive the demand for light weight vehicles. Additionally, the governments of several countries have taken steps to curtail the amount of polluting emissions being released into the environment due to the increased usage of heavy-duty vehicles.
Owing to this aspect, the OEMs such as Faurecia Group, Compagnie Plastic Omnium, Fab Fours, Magna International, and others have actively transferred their focus on curbing bumpers weights. Moreover, the key automotive manufacturing companies have also experienced a surging demand for light weight vehicle owing to the government’s focus on reduced fuel consumption as light weight vehicles generally consume less fuel. Besides, in the regions like Europe and North America, the government have laid down rules on per miles average of automobiles. According to US Corporate Average Fuel Economy (CAFE) standards and European automotive associations, the amendments have been issued indicating vehicles average, that ensures around 34 miles per gallon fuel usage on average, per vehicle. Thus, increasing demand of light weight bumpers will accelerate higher growth rate.
Automotive Bumper Market Segment Analysis:
The global automotive bumper market has been segmented based on material, positioning, regions and end market. Based on material, the market has been segmented into metal, composite plastic, fiber. Based on regions, the market has been segmented into Europe, North America, APAC, and Rest of the World.
Based on positioning, the market has been segmented into front end and rear end. Based on end market, the market has been segmented into OEM and Aftermarket. Most of the manufacturers buy automotive bumpers from the OEMs. During the instances of maintenance, repairs or replacements, most of the end users turn to the OEM rather than aftermarket. Consequently, in 2016, OEM accounted for the largest market share.
Detailed Regional Outlook:
Asia-Pacific is leading the market at present with surging rate of vehicle production in economies such as China and India. The region is focused on expanding the production capacity, which in turn is likely to drive the market for automotive bumper. Additionally, the high volume of production coupled with low manufacturing cost are some of the key forces driving the market in the APAC region. The developing economies are witnessing impressive growth owing to the overall economic prosperity and ongoing urbanization. These factors are estimated to amplify the production of automobiles considerably.
Report Scope:
Study Period: 2017 to 2023.
Base Year: 2017.
Key Table of Content:
1 Executive Summary
2 Introduction 12
2.1 Definition 12
2.2 Scope Of The Study 12
2.3 Assumptions 12
2.4 Key Buying Criteria 13
2.5 Market Structure 13
3 Research Methodology 14
3.1 Research Process 14
3.2 Primary Research 14
3.3 Secondary Research 15
3.4 Market Size Estimation 15
3.5 Forecast Model 17
4 Market Factor Analysis 18
4.1 Porter’s Five Forces Analysis 18
4.1.1 Threat Of New Entrants 18
4.1.2 Bargaining Power Of Suppliers 19
4.1.3 Bargaining Power Of Buyers 19
4.1.4 Threat Of Substitutes 19
4.1.5 Rivalry 19
4.2 Supply Chain Analysis 20
5 Patent Trends 22
5.1 Patent Trends 22
6 Market Dynamics 27
Continued…
List of Tables:
TABLE 1 GLOBAL AUTOMOTIVE BUMPER MARKET SNAPSHOT
TABLE 2 DRIVERS FOR THE MARKET
TABLE 3 RESTRAINTS FOR THE MARKET
TABLE 4 GLOBAL AUTOMOTIVE BUMPER MARKET, BY TYPE
Continued…
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