openPR Logo
Press release

Automotive Bumper Market to Drive Past US$ 9 Billion by End 2022; Plastic Bumpers Race Ahead of Aluminum Bumpers

Automotive Bumper Market to Drive Past US$ 9 Billion by End 2022;

An automotive bumper serves a dual purpose of protecting vehicle occupants and minimizing repair costs in case of an accident. The global automotive bumper market is driven by the growing automotive industry, increasing rate of accidents, rapid urbanization, and greater disposable income leading to a desire for personal mobility. A greater degree of automation, rapid rate of technological and material advancements, and the integration of value chains are anticipated to be trends in the automotive bumper market for some time to come. The automotive bumper market is predicted to push past a value of US$ 9 billion at the end of 2022.

Standard Bumpers a Preferred Option in the Automotive Bumper Market

Standard/ regular bumpers are the most popular choice in the automotive bumper market and they have a revenue share of almost half by product type segment in 2017. The standard/ regular bumper segment is on track to gain significant share over the course of the forecast period and key stakeholders in the automotive bumper market are advised to take this into account. The standard/ regular bumper segment could be worth more than US$ 4.2 billion by the end of the study period. Step bumpers are a distant second in the automotive bumper market and have a revenue share of approx. a sixth by product type segment. The step bumper segment is estimated to lose share over the next five years. The APEJ region is poised to contribute a major chunk in the step bumper market.

Request for sample report: https://www.persistencemarketresearch.com/samples/15154

Plastic Bumpers Hold Majority Share in the Automotive Bumper Market

Plastic bumpers have a revenue share of more than half the raw material segment in the automotive bumper market and may gain share in the near future. The plastic bumper segment is likely to record a robust CAGR of more than 6% from 2017 to 2022 making it an attractive prospect for all companies in the automotive bumper market. The aluminum bumper segment has a revenue share of a third in the automotive bumper market. Aluminum has several advantages such as being relatively plentiful, lightweight, and durable, all of which will boost its appeal in the automotive bumper market. The APEJ aluminum bumper segment is the only one estimated to cross a value of one billion dollars by end 2022 and it should also record the highest CAGR during the period.

Focus on Compact and Mid-sized Passenger Cars in Automotive Bumper Market

Compact and mid-sized passenger cars have global appeal and companies are recommended to direct their investment towards these vehicle types in the automotive bumper market. Compact cars are desired in the APEJ region on account of their cost-effectiveness and fuel efficiency while mid-sized cars have greater appeal in Europe and North America. The APEJ compact vehicle segment is projected to be worth just under US$ 730 million in 2017 itself.

Request Report TOC @ https://www.persistencemarketresearch.com/methodology/15154

Competition Dashboard in the Automotive Bumper Market

A few of the most prominent companies in the automotive bumper market have been profiled in the report. They are Plastic Omnium SA, Magna International, Futaba Industrial Co., Toyoda Gosei Co., Hyundai Mobis Co., Flex-N-Gate Corporation, SMP Deutschland GmbH, Faurecia SA, Toyota Boshoku Corporation, and Toray Industries.

Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance. To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Web: http://www.persistencemarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Automotive Bumper Market to Drive Past US$ 9 Billion by End 2022; Plastic Bumpers Race Ahead of Aluminum Bumpers here

News-ID: 1536226 • Views:

More Releases from Persistence Market Research

Plastic Liner Market to Reach US$ 6.67 Bn by 2030, Expanding at 4.7% CAGR - Persistence Market Research
Plastic Liner Market to Reach US$ 6.67 Bn by 2030, Expanding at 4.7% CAGR - Pers …
➤ Overview of the Market The global plastic liner market has gained steady traction across multiple industries due to its cost-effectiveness, versatility, and protective characteristics. Plastic liners are widely used in agriculture, mining, construction, waste management, and packaging industries, where they serve as an essential barrier to prevent leakage, contamination, and material loss. These liners are manufactured using materials such as polyethylene (PE), polypropylene (PP), and PVC, offering superior resistance to
Returnable Plastic Crate Market to Reach US$ 2,665.1 Million by 2030 Fueled by Sustainability and Supply Chain Efficiency
Returnable Plastic Crate Market to Reach US$ 2,665.1 Million by 2030 Fueled by S …
➤ Overview of the Market The global returnable plastic crate market is gaining momentum as industries seek cost-effective and sustainable packaging solutions. These crates are widely used for transporting and storing perishable goods, beverages, pharmaceuticals, and industrial products due to their durability, stackability, and reusability. The shift from single-use packaging to eco-friendly alternatives has accelerated the adoption of returnable plastic crates across sectors. The market, valued at US$ 1,820.0 million in
US Thermal Power Market Expected to Reach US$ 251.9 Mn by 2031 with 2.4% CAGR Growth - Persistence Market Research
US Thermal Power Market Expected to Reach US$ 251.9 Mn by 2031 with 2.4% CAGR Gr …
➤Overview of the Market The US thermal power market plays a crucial role in the nation's energy mix, serving as a stable and reliable source of electricity despite the rise of renewables. Thermal power plants in the US rely primarily on coal, natural gas, and oil to generate electricity, with natural gas emerging as the dominant fuel source due to its affordability, efficiency, and lower carbon footprint compared to coal. According
Europe Medical Plastic Market to Reach US$ 17 Bn by 2032 Driven by Rising Healthcare Demand
Europe Medical Plastic Market to Reach US$ 17 Bn by 2032 Driven by Rising Health …
➤Overview of the Market The Europe medical plastic market is undergoing robust growth, fueled by increasing demand for lightweight, durable, and cost-effective materials in the healthcare sector. Medical plastics are widely used in devices, surgical instruments, diagnostic tools, implants, and packaging due to their high biocompatibility, versatility, and resistance to sterilization methods. With healthcare systems across Europe investing heavily in modernization and patient safety, the adoption of medical-grade plastics has gained

All 5 Releases


More Releases for Bumper

Evolving Market Trends In The Smart Bumper Industry: Innovative Front Bumper Tec …
Stay ahead with our updated market reports featuring the latest on tariffs, trade flows, and supply chain transformations. What Is the Expected Smart Bumper Market Size During the Forecast Period? The smart bumper market size has grown rapidly in recent years. It will grow from $5.70 billion in 2024 to $6.28 billion in 2025 at a compound annual growth rate (CAGR) of 10.1%. The growth in the historic period can be attributed
Automotive Rear Bumper Market Size and Forecast
𝐔𝐒𝐀, 𝐍𝐞𝐰 𝐉𝐞𝐫𝐬𝐞𝐲- The global Automotive Rear Bumper Market is expected to record a CAGR of XX.X% from 2024 to 2031 In 2024, the market size is projected to reach a valuation of USD XX.X Billion. By 2031 the valuation is anticipated to reach USD XX.X Billion. The automotive rear bumper market is experiencing steady growth, driven by increased demand for vehicle safety and protection. Rear bumpers are essential components of
Automotive Rear Bumper Market Size and Forecast
𝐔𝐒𝐀, 𝐍𝐞𝐰 𝐉𝐞𝐫𝐬𝐞𝐲- The global Automotive Rear Bumper Market is expected to record a CAGR of XX.X% from 2024 to 2031 In 2024, the market size is projected to reach a valuation of USD XX.X Billion. By 2031 the valuation is anticipated to reach USD XX.X Billion. The automotive rear bumper market is witnessing steady growth, driven by the increasing demand for safety, aesthetics, and vehicle protection. Rear bumpers are essential
Automotive Polyurethane Jounce Bumper Market Research Report
An automotive polyurethane jounce bumper is a component in a vehicle's suspension system designed to absorb and dampen shock and impact forces. It is typically made from polyurethane, a durable and resilient material. Jounce bumpers are placed between the vehicle's frame and suspension components, such as the control arms or struts. They help prevent metal-to-metal contact, reduce noise, and provide a cushioning effect during abrupt stops or over rough terrain,
Snowmobile Front Bumper: "Blazing Trails with Confidence: The Snowmobile Front B …
Snowmobile Front Bumper Market 2023 Forecast: Unveiling Opportunities and Growth Snowmobile Front Bumper market report presents an overview of the market on the basis of key parameters such as market size, revenue, sales analysis and key drivers. The market size of global Snowmobile Front Bumper market is anticipated to grow at large scale over the forecast period (2023-2029). The main purpose of the study report is to give users an extensive
Metal Bumper Market Is Booming Worldwide | Van-Rob, Plastic Omnium, Bumper World …
Global Metal Bumper Market Research Report 2018 is latest research study released by HTF MI evaluating the market, highlighting opportunities, risk side analysis, and leveraged with strategic and tactical decision-making support. The study provides information on market trends and development, drivers, capacities, technologies, and on the changing capital structure of the Global Metal Bumper Market.The Major Key Players are Benteler Automobiltechnik GmbH, Van-Rob, Plastic Omnium, Faurecia SA, Flex-N-Gate Corp, Motherson,