Automotive Bumper Market 2018 Global Size, Share, Industry Trends, Competitive Analysis, Key Players, And Regional Forecast To 2023

Automotive Bumper Market growing at 4.5 % CAGR from 2018 to 2023. Global 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 - Forecast 2017-2023

An automotive bumper is a structure attached to the front and rear ends of a vehicle, to absorb impact during a low-speed collision. An automotive bumper is minimizing repair costs by minimizing height mismatches between vehicles.

Major Players Analyzed In Report Are:

The leading vendors operating in the market are Toyota Boshoku Corporation (Japan), JiangNan Mould & Plastic Technology Co., Ltd. (Japan), Magna International, Inc. (Ontario), Yanfeng Plastic NTF Private Ltd (India) Omnium automotive Exterior Systems Co. Ltd (Shanghai), SMP Deutschland GmbH (Germany), Toyoda Gosei Co., Ltd (Japan), Plastic Omnium (France), Venture Otto SA (Pty) Ltd. (South Africa), Fab Fours, Inc. (U.S.) and others.

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Market Dynamics:

Explosive Growth In Automobiles And Rising Incomes Is The Prime Determinant Of The Market. According to the International Organization of Motor Vehicle Manufacturers 2016 statistics, global cars numbered 72,105,435 while commercial vehicles totaled 22,871,134. The global vehicles volume grew by a healthy 4.5 % over the 2015 year. The growing demand for lightweight vehicles owing to increasing income has triggered the market demand.

The growing incomes around the world coupled with secondary drivers such as aging population is driving the demand for cars. Cars account for more than 60 % of the total auto bumper market. The global car production is projected to rise by an annual average rate of 3.5 % during the period from 2016 to 2017 driving the automotive bumper market. Product and Technological Development Coupled With Regulatory Pressures Is Expected To Drive Significant Demand

Development of lightweight materials is the latest market trend owing to demands for fuel efficiency, and emission rate. Growing emphasis on environmental regulation relating to per miles averages fuel efficiency exemplified by the European automotive associations and U.S. Corporate Average Fuel Economy (CAFE) standards, which ensures an average of around 34 miles per gallon is triggering a significant demand. Thus, vendors such as Compagnie Plastic Omnium, Faurecia Group, Magna International, Fab Fours and other have actively shifted their focus on reducing bumpers weights. Furthermore, the shift from metal-based bumpers to lightweight plastics and alloys and the growing demand for lightweight bumpers is expected to accelerate the market growth.

Fluctuating Raw Materials Prices Is Expected To Hinder The Market Growth

The volatile prices of raw materials and scarcity of metals such as chrome may hamper the market growth.

Segmentation:

To generate a comprehensive understanding of the global automotive bumper market forces, the report is segmented into end market, and regions.

Based on end market, the market is segmented into an original equipment manufacturer (OEM) and aftermarket. The original equipment manufacturer segment account for the most significant market share in 2016.

Based on regions, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa.

Regional Analysis

The Asia Pacific accounts for the largest market in 2016 led by the explosive growth of vehicles in India and China. Government incentives such as the lowering of VAT rate on small and medium-sized vehicles by India presents another market opportunity. The growing capacity of vehicles, economic growth, industrialization and low manufacturing cost are other drivers of the Asia Pacific market.

The North America region led by the U.S. accounts for the second largest market followed by Europe. Europe is dominated by Germany, France, Italy and the U.K. The sizeable automotive industry of Germany presents the most significant market opportunity.  The Middle East and Africa region are led by the cash-rich Gulf economies of Saudi Arabia, UAE, Kuwait, and Qatar.

The report for Global Automotive Bumper Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

Major Table of Content:

TABLE 1 GLOBAL AUTOMOTIVE BUMPERS MARKET, BY MATERIAL, 2015-2023 (USD MILLION)

TABLE 2 GLOBAL AUTOMOTIVE BUMPERS MARKET, BY POSITIONING, 2015-2023 (USD MILLION)

TABLE 3 GLOBAL AUTOMOTIVE BUMPERS MARKET, BY END MARKET, 2015-2023 (USD MILLION)

TABLE 4 GLOBAL AUTOMOTIVE BUMPER MARKET, BY REGION, 2015-2023 (USD MILLION)

TABLE 5 NORTH AMERICA AUTOMOTIVE BUMPER MARKET, BY COUNTRY 2015-2023 (USD MILLION)

TABLE 6 NORTH AMERICA AUTOMOTIVE BUMPER MARKET, BY MATERIAL 2015-2023 (USD MILLION)

TABLE 7 NORTH AMERICA AUTOMOTIVE BUMPER MARKET, BY POSITIONING 2015-2023 (USD MILLION)

TABLE 8 NORTH AMERICA AUTOMOTIVE BUMPER MARKET, BY END MARKET 2015-2023 (USD MILLION)

TABLE 9 U.S. AUTOMOTIVE BUMPER MARKET, BY MATERIAL 2015-2023 (USD MILLION)

TABLE 10 U.S. AUTOMOTIVE BUMPER MARKET, BY POSITIONING 2015-2023 (USD MILLION)

TABLE 11 U.S. AUTOMOTIVE BUMPER MARKET, BY END MARKET 2015-2023 (USD MILLION).

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