Automotive Bumper Market to Drive Past US$ 9 Billion by End 2022; Plastic Bumpers Race Ahead of Aluminum Bumpers.
This published report for Automotive Bumpers Market analyzes and forecasts the marketing statistics of the product/service market on a global as well as the regional level. This detailed study Automotive Bumpers Market also offers the previous historical data along with the forecast from 2022 to 2025. The assessment of Automotive Bumpers Market factors gives a brief overview of the impact on the demand over the forecast period. In addition to this, the report also studies the opportunities that are available in the report at the global level. An executive summary is also provided based on the industry snapshot for the period from 2022-2025.
Drivers & Constraints
Automotive Bumpers Market introduces the building blocks of the report with the influence of market dynamics and functioning and a need to understand customer behavior. The increase and decrease in the product/service budget also play an important role in predicting the future growth of Automotive Bumpers Market. Besides, the high deployment cost of product/service, and other restraints are also pointed out in the report. Automotive Bumpers Market report also studies the value, volume trends and pricing history of the market so that the pattern and layout are also evaluated for the advanced study of the market over the forecast period.
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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.
Key Players:
The report has profiled some of the important players prevalent in the global like – Toray Industries, Toyota Boshoku Corporation, Faurecia SA, SMP Deutschland GmbH, Flex-N-Gate Corporation, Hyundai Mobis Co., Toyoda Gosei Co., Futaba Industrial Co., Magna International, and Plastic Omnium SA 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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Major Highlights of Automotive Bumpers Market Report:
- Automotive Bumpers Market analysis report offers an in-depth study of the potential market growth opportunities and challenges.
- The report dives deeper into the market and explains the dynamic factors bolstering market growth.
- The report deeply assesses the current, historical market size, market share, and revenue growth rates to offer accurate market projections for the forecast period.
- The report analyzes Automotive Bumpers Market presence across major regions of the world.
- It determines the production & consumption capacities and demand & supply dynamics of each regional market.
- The report further illustrates the intense competition among the key market players and highlights their effective business expansion plans and strategies.
- It provides company overview and SWOT analysis of each of the market players.
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