Automotive Bumpers Market 2022
Automotive bumpers are imperative in absorbing the impact in the event of a collision, thereby minimizing repair costs and saving the lives of occupants or pedestrians. The automotive bumper market is driven by the rapidly evolving automotive industry, increasing traffic jams leading to numerous accidents, and greater urbanization and industrialization fueling the need for personal mobility. In addition to this, technological advancements in bumper materials coupled with automation and the integration of manufacturer value chains’ is benefiting the automotive bumper market that is estimated to witness a robust CAGR of 5.9% from 2017 to 2022.
Automotive Bumper Market to Drive Past US$ 9 Billion by End 2022; Plastic Bumpers Race Ahead of Aluminum Bumpers.
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Key Players:
The report has profiled some of the important players prevalent in the global like –
- Plastic Omnium SA
- Magna International, Inc.
- Futaba Industrial Co., Ltd.
- Toyoda Gosei Co., Ltd
- Hyundai Mobis Co., Ltd:
- Flex-N-Gate Corporation
- SMP Deutschland GmbH
- Faurecia SA
- Toyota Boshoku Corporation
- Toray Industries, Inc.
- Others.
and more.
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This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Automotive Bumpers.
- The OEM segment holds the lion’s share in the sales channel segment of the automotive bumper market and this is unlikely to change soon. An absolute dollar opportunity of over US$ 2 billion should be created in the OEM segment for the five-year forecast period and companies must take this into account while plotting their distribution strategies. Nonetheless, it is not advisable to ignore the aftermarket channel entirely as it accounts for the balance revenue share in the automotive bumper market. The aftermarket bumper segment has maximum scope in APEJ as customers in these countries are often image-conscious and like to customize their vehicles in a way that suits their personal tastes and preferences
- There is minimal opportunity in the heavy commercial vehicle segment and key stakeholders in the automotive bumper market may want to implement specific strategies to tap into it. The heavy commercial vehicle segment is predicted to have a value of less than half a billion dollars at the end of 2022, considerably smaller than other vehicle types in the automotive bumper market. The commercial vehicle segment is nearly thrice the size of the heavy commercial segment. Along with APEJ, companies could look closely at the Europe commercial vehicle segment
- Compact and mid-sized passenger cars should continue to remain popular in the automotive bumper market for the foreseeable future. Between the two, the compact car segment is slightly larger because customers in the APEJ region typically chose compact cars over other vehicle segments
- Regular/ Standard bumpers are a preferred choice in the automotive bumper market and had a revenue share approaching half of the product type segment in 2017. The regular / standard bumper segment is on track to grow with a CAGR greater than 6% from 2017 to 2022 ensuring that it remains high on the radar of major companies actively involved in the automotive bumper market. Deep drop bumpers are substantially smaller in comparison and are estimated to hold steady throughout the duration of the forecast period. Europe and North America are projected to record a similar CAGR for the study period with the latter edging slightly ahead during this time
Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)
Key Stakeholders
Automotive Bumpers Market Manufacturers
Automotive Bumpers Market Distributors/Traders/Wholesalers
Automotive Bumpers Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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Key Questions Answered in This Report.
What are the Roadblocks for Automotive Bumpers Suppliers?
What are the Key Opportunities for Automotive Bumpers Manufacturers?
How is Focus on Safety Influencing Automotive Bumpers Demand?
What is the Regulatory Impact on Global Sales of Automotive Bumpers?
Which Region Offers the Largest Opportunity for Sales of Automotive Bumpers?
Where Does the U.S. Stand in the Market for Automotive Bumpers?
What Is the Outlook for Automotive Bumpers Manufacturers in China?
Why is Germany a Lucrative Market for Automotive Bumpers Manufacturers?
Why Will Belgium Outpace Other European Markets for Automotive Bumpers?
Why is There High Demand for Tires in Automotive Bumpers?
Why are Sales of Automotive Bumpers Surging?
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