Automotive Front End Module Market: 2018 To 2023 Global Industry Key Players - Mahle, Faurecia, Denso, Calsonic Kansei, Hbpo, Magna, Hyundai, Plastic Omnium, SL, and Valeo Analysis Report

Automotive Front End Module Market Size, Growth, Share, Sales, Trends 2018 Global Industry Analysis Report. Automotive Front End Module Market key companies Products, Business Strategies, Segment Overview, Financials Analysis and Key Automotive Front End Module Market Developments Forecast to 2022. According to a recent study report published by the Market Research Future, the global market is forecasted to witness slow but steady growth by 2022, which will be a surplus growth at a moderate CAGR during the projected period (2016 -2022).

Automotive Front End Module Market Overview:

The global market of automotive front end module is booming and expected to gain prominence over the forecast period. The market is forecasted to demonstrate a stunning growth by 2023, surpassing its previous growth records in terms of value with a striking CAGR during the estimated period (2017 – 2022). There are various factors that contributes to the growth of the automotive front end module which includes rising demand of light weight components, increase in the registration of the new vehicles, expansion of the auto manufacturers in the emerging economies such as India, china, and others.

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Automotive Front End Module key companies analyzed:

Mahle GmbH, Faurecia SA, Denso Corporation, Calsonic Kansei Corporation, Hbpo Group, Magna International Inc., Hyundai Mobis, Plastic Omnium, SL Corporation, and Valeo S.A.

Global Automotive Front End Module Market Information by Material (Steel, Composite, Plastic, and Others), by Component (Headlight, Front Grill, Radiator, Condenser, Horn Assembly, Oil Cooler and Others), by Vehicle (Passenger, Commercial) and by Region - Forecast to 2022.

The global automotive industry has experienced a potential demand for light weight vehicles. Over the years it has been analysed that the demand for light weight vehicles has increased among the end users which in turn has put pressure on auto bumpers manufacturers to reduce the material weight. Major reasons that have propelled this decision is that light weight vehicle consumes less fuel and the emission rate, moreover, the governments of various countries have taken same initiatives. Owing to all these factors, the OEMs such as Compagnie Plastic Omnium, Faurecia Group, Magna International, Fab Fours and other have actively shifted their focus on reducing weights.

Global Automotive Front End Module Market:

With the global economy undergoing an unprecedented level of shift, major emerging countries such as China, India, Thailand, Indonesia, and others are becoming manufacturing hubs for global automotive players. As a result of increasing prosperity in the emerging economies, people are increasingly able to afford their own car, particularly in emerging Asian economies such as China and India. In order to tap these rising consumer automobile preferences, leading global automotive players such as Volkswagen, BMW, Toyota, and Ford are entering into new emerging markets for business expansion. As the global auto-manufacturers continue to expand into growing and emerging markets, the demand for Automotive Front End Module and others will also rise.

Market Research Analysis:

U.S. being the largest market in North America is considered as the major revenue generator for auto front end module market. Owing to the presence of major automobile companies the demand for auto front end module has improved the market growth. U.S. is considered as the matured economy but still the demand for passenger cars, LCV and HCV has increased substantially due to the rising immigrants, however, it has resulted in augmenting the market for automotive front end module. In Europe, Germany is mainly known for its vehicle manufacturers. Presence of several giants has pushed the German market for auto front end module. Germany is one of the major exporters of front end modules to other European countries such as UK, France, Italy and others. Presence of well-established automotive players along with growing demand for passenger vehicles has pushed the market for auto front end module in Germany.

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