Automotive Bumper Market Size, Trends, Share 2018 Global Key Players Forecast To 2023 - Toyota, Plastic Omnium, Magna, Toyoda, SMP Deutschland, And Venture Otto

Automotive Bumper Market 2018 Global Size, Share, Industry Trends, Opportunity, and Regional Forecast published by Market Research Future. The Global Automotive Bumper Market to grow at highest Compound Annual Growth Rate From 2018 To 2023. In this report V2X Industry is segmented by Material (Composite Plastic, Metal and Fiber), Positioning (Front ends and Rear ends), End Market (OEM and Aftermarket) and Region.

Automotive Bumper Market Key Companies Analyzed in This Report Are Toyota Boshoku Corporation (Japan), Plastic Omnium (France), Magna International, Inc. (Ontario), Toyoda Gosei Co., Ltd (Japan), SMP Deutschland GmbH (Germany), Yanfeng Plastic Omnium automotive Exterior Systems Co. Ltd (Shanghai), JiangNan Mould & Plastic Technology Co., Ltd. (Japan), Venture Otto SA (Pty) Ltd. (South Africa), NTF (India) Private Ltd (India) and Fab Fours, Inc. (U.S.).

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Global Automotive Bumper Market Highlights:

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 bumpers weights. Furthermore, the major automotive producers have also witnessed a strong demand for light weight vehicle due to the government’s initiative on less fuel consumption as light weight vehicles consumes less fuel consumption.

Furthermore, with the increasing population, the demand for vehicles is also increasing, leading to an increase in the production of automobiles. Cars accounts for 75% of the total automobile segment and about 67% of the total auto bumper has found application in cars. This has led to an increase in cars manufactured and further boosting the auto bumper market. Overall, global car production is expected to rise by an annual average rate of 3.5% in the period from 2013 to 2017. Hence, with a growing car production, the demand for automotive bumper will simultaneously increase by the OEMs. However, fluctuating raw materials prices is expected to hinder the market growth.

Questions Answered in Report:

What will be the market size, share forecast?

What are the drivers and challenges of the market?

What are the upcoming trends in the Automotive Bumper Market?

Which are the key vendors operating in the market?

Which region going to dominate Automotive Bumper Market In Coming Years?

Automotive Bumper Market Segments Analysis:

The global automotive bumper market is segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;

Segmentation by Material: Comprises Composite Plastic, Metal and Fiber

Segmentation by Positioning: Comprises Front ends and Rear Ends

Segmentation by End Market: Comprises OEM and Aftermarket

Segmentation by Regions: Comprises Geographical regions - North America, Europe, APAC and Rest of the World. Currently, Asia-Pacific is dominating the market with increasing vehicle production in countries such as India and China and is focused on increasing the production capacity, thus driving the market for automotive bumper.

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