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Automotive Plastic Bumper Market Expected To Bring in Nearly US$ 13 Bn Revenues By The End of 2022
Fact.MR
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Apart from making the cars look better, bumpers play an instrumental role in minimizing the impact of accidents. Car manufacturers prefer automotive bumpers made from plastic and polymer materials due to their light weight, rigidity and compatibility. While manufacturing plastic bumpers, OEMs are aiming at rendering more sturdiness through the use of composite or hybrid materials such as HDPE. While traditional metal bumpers are tougher than their plastic counterparts, vehicle owners are likely to incur high costs for repairing metal bumpers upon head-on or rear-end collisions. And, since the global automotive industry reaps billions of dollars through customization needs of car owners, automotive plastic bumpers are likely to remain in vogue in the future.
Made from plastic materials, automotive plastic bumpers are horizontal structures attached to the front-end and rear-end of vehicles. Automotive plastic bumpers can also be integrated to the main body of the car. Their function is to absorb impact of collisions, and minimize repair costs. Automotive plastic bumpers are also being installed to minimize the damage caused to pedestrians when they accidentally run into vehicles.
Scope
The scope of the report is to analyze the global automotive plastic bumpers market for the period 2017-2022 and give readers an accurate, unbiased analysis. Automotive plastic bumper manufacturers, suppliers, and stakeholders in the overall automotive market can benefit from the insights offered in this report. The comprehensive analysis offered in the report can also be of interest to leading automotive journals and trade magazines.
Rising Demand for Passenger Cars with Plastic Bumpers
In the future, OEMs will continue to boost their capacity of manufacturing lightweight automotive plastic bumpers owing to their effective use in production of passenger cars. Compared to commercial vehicles, passenger cars will witness higher sales owing to their fuel mileage, compact designs and affordable prices. Demand for automotive plastic bumpers in production of passenger cars is expected to rise as lightweight plastic bumpers contribute towards boosting the fuel efficiency of vehicle. By the end of 2022, more than US$ 5.4 Bn worth of automotive plastic bumpers sold in the global market will be accounted by passenger cars. On the other hand, heavy commercial vehicles will procure nearly one-fourth of global automotive plastic bumpers market by the end of 2017.
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OEMs witnessing Higher Sales of Plastic Bumpers below US$ 300 Price
The report highlights the presence of OEMs in global automotive plastic bumper distribution network. Through 2022, OEMs are projected to remain the largest distributors of automotive plastic bumpers, accounting for around two-third value share. Aftermarket sales of automotive plastic bumpers are also expected to gain traction owing to rising customization needs of vehicle owners.
Automotive plastic bumpers priced below US$ 300 are expected to be prominent in the sales recorded by OEMs. The demand for low prices automotive plastic bumpers is likely to remain high on the grounds of rising efforts of automobile manufacturers towards cost-cutting. While luxury car manufacturers will opt for high-priced automotive plastic bumpers, a majority of the market will witness prominence of low-priced automotive plastic bumpers. Between 2017 and 2022, the low-priced automotive plastic bumpers segment is expected to witness a lucrative incremental opportunity of nearly US$ 1.5 Bn.
Competition Tracking
The report has tracked formative developments in the competitive landscape of the global automotive plastic bumpers market. A shift of OEMs towards low-cost bumper production is evident, particularly on the account of rising demand for low-priced plastic bumpers for customization purposes. Companies such as Toray Industries, Inc., Samvardhana Motherson Automotive Systems Group B.V., Faurecia SA, Benteler International AG, Futaba Industrial Co. Ltd., Compagnie Plastic Omnium SA, Montaplast GmbH, Flex-N-Gate Corporation, and Warn Industries, Inc. are observed to be the key players in the global automotive plastic bumper market.
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About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized Automotive Market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
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