Plastic Bumpers Market to enjoy 'explosive growth' to 2025 | Plastic Omnium, Magna, SMP
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Global sales of Plastic Bumpers is expected to be over 100 million units in 2016 and about 72% have been sales in China, Europe and North America regions. For the product types, Front Bumper occupies the largest market share (about 63% in 2016), and followed by Rear Bumper.
The Plastic Bumpers industry is concentrated; there are 11 manufacturers (about 82% of Asia-Pacific total sales) counted in the report. Major manufactures are Plastic Omnium, Magna, SMP, Tong Yang, Benteler, Hyundai Mobis, KIRCHHOFF, HuaYu Automotive, Seoyon E-Hwa, Flex-N-Gate, Toyoda Gosei, Jiangnan MPT, Rehau, Ecoplastic, Zhejiang Yuanchi and etc.
Due to national industrial policy support and growing industry standardization, Plastic Bumpers Industry is developing in the good direction. Despite the presence of competition problems, due to the global recovery trend, investors are still optimistic about this area; the future will still have more new investment enter the field. For the fierce competition between suppliers, the price and gross margin is expected to decrease further.
But we also should notice that there is a gap in the sales technology and equipment compared to developed countries. Domestic industry should focus on research on new material and process. The falling prices of raw materials could be a good signal for Automotive Bumper Industry.
Global Plastic Bumpers market size will reach 13500 million US$ by 2025, from 11300 million US$ in 2018, at a CAGR of 2.2% during the forecast period. In this study, 2018 has been considered as the base year and 2019-2025 as the forecast period to estimate the market size for Plastic Bumpers.
This industry study presents the global Plastic Bumpers market size, historical breakdown data (2014-2019) and forecast (2019-2025). The Plastic Bumpers production, revenue and market share by manufacturers, key regions and type;
The consumption of Plastic Bumpers in volume terms are also provided for major countries (or regions), and for each application and product at the global level. Market share, growth rate, and competitive factors are also evaluated for market leaders Plastic Omnium, Magna, etc.
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Global Plastic Bumpers Research for a Leading company is an intelligent process of gathering and analyzing the numerical data related to services and products. This Research Give idea to aims at your targeted customer’s understanding, needs and wants. Also, reveals how effectively a company can meet their requirements. The market research collects data about the customers, marketing strategy, competitors. The Plastic Bumpers Manufacturing industry is becoming increasingly dynamic and innovative, with more number of private players entering the industry.
Important Features that are under offering & key highlights of the report:
1) Who are the Leading Key Company in Global Plastic Bumpers market space?
Following are list of players that are currently profiled in the report "Plastic Omnium, Magna, SMP, Tong Yang, Hyundai Mobis, KIRCHHOFF, HuaYu Automotive, Seoyon E-Hwa, Flex-N-Gate, Toyoda Gosei, Jiangnan MPT, Rehau, Ecoplastic & Zhejiang Yuanchi"
** List of companies mentioned may vary in the final report subject to Name Change / Merger etc.
2) What will the market size be in 2025 and what will the growth rate be?
In 2019, the Global Plastic Bumpers market size was xx million USD and it is expected to reach USD xx million by the end of 2025, with a CAGR of xx% during 2019-2025.
3) What are the Market Applications & Types:
The study is segmented by following Product Type: , Front Bumper & Rear Bumper
Major applications/end-users industry are: Passenger Vehicle & Commercial Vehicle
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2018 currency rates.
To comprehend Global Plastic Bumpers market dynamics in the world mainly, the worldwide Plastic Bumpers market is analyzed across major regions. HTF MI also provides customized specific regional and country-level reports for the following areas.
• North America: United States, Canada, and Mexico.
• South & Central America: Argentina, Chile, and Brazil.
• Middle East & Africa: Saudi Arabia, UAE, Turkey, Egypt and South Africa.
• Europe: UK, France, Italy, Germany, Spain, and Russia.
• Asia-Pacific: India, China, Japan, South Korea, Indonesia, Singapore, and Australia.
The key players are highly focusing innovation in production technologies to improve efficiency and shelf life. The best long-term growth opportunities for this sector can be captured by ensuring ongoing process improvements and financial flexibility to invest in the optimal strategies. Company profile section of players such as Plastic Omnium, Magna, SMP, Tong Yang, Hyundai Mobis, KIRCHHOFF, HuaYu Automotive, Seoyon E-Hwa, Flex-N-Gate, Toyoda Gosei, Jiangnan MPT, Rehau, Ecoplastic & Zhejiang Yuanchi includes its basic information like legal name, website, headquarters, its market position, historical background and top 5 closest competitors by Market capitalization / revenue along with contact information. Each player/ manufacturer revenue figures, growth rate and gross profit margin is provided in easy to understand tabular format for past 5 years and a separate section on recent development like mergers, acquisition or any new product/service launch etc.
Research Parameter/ Research Methodology
The primary sources involves the industry experts from the Global Plastic Bumpers industry including the management organizations, processing organizations, analytics service providers of the industry’s value chain. All primary sources were interviewed to gather and authenticate qualitative & quantitative information and determine the future prospects.
In the extensive primary research process undertaken for this study, the primary sources – industry experts such as CEOs, vice presidents, marketing director, technology & innovation directors, founders and related key executives from various key companies and organizations in the Global Plastic Bumpers in the industry have been interviewed to obtain and verify both qualitative and quantitative aspects of this research study.
In the Secondary research crucial information about the industries value chain, total pool of key players, and application areas. It also assisted in market segmentation according to industry trends to the bottom-most level, geographical markets and key developments from both market and technology oriented perspectives.
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In this study, the years considered to estimate the market size of Global Plastic Bumpers are as follows:
History Year: 2013-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
Key Stakeholders in Global Plastic Bumpers Market:
Global Plastic Bumpers Manufacturers
Global Plastic Bumpers Distributors/Traders/Wholesalers
Global Plastic Bumpers Subcomponent Manufacturers
**Actual Numbers & In-Depth Analysis, Business opportunities, Market Size Estimation Available in Full Report.
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