Press release
All Plastic Front End Module Market Drivers Analysis by 2028 | Key Players - MAHLE GmbH, Faurecia, Plastic Omnium Group, HBPO Module Company, Calsonic Kansei Corporation, Murata Manufacturing Company Ltd., Daikyo Nishikawa Corporation, FLEX-N-GATE CORPORA
The front end of a vehicle is an assembly of various components located in the front part of the vehicle chassis, which performs several important functions such as aesthetical, structural, aero-dynamical, engine cooling, safety and others. In top versions, the components located at the front-end of the vehicle include forward lighting, radiator, intercooler, air conditioner, oil cooler, cruise control sensor, crash sensor, bumpers and others. The front end module is considered to be an important part of the vehicle managing complex assembly, which requires high functionality and fitting accuracy. Apart from the technical benefits, front end modules have a major impact on the overall appearance of the vehicle. All plastic front end modules are used particularly for weight savings in the vehicle so as to ensure maximum engine efficiency and reduced fuel consumption. Apart from weight reduction, the all plastic front end module reduces the overall cost of the system.
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All Plastic Front End Module Market: Dynamics
Increasing automotive production and vehicle parc are among the major factors driving the growth of the all plastic front end module market. Explosive automotive growth, particularly in some regions, has considerably contributed to the spurring growth of various local and international manufacturers of all plastic front end modules. Automotive production is expected to be higher in emerging economies as compared to that in developed economies, which can mainly be attributed to increasing urbanization and stable economic conditions in these regions. During the forecast period, the fleet on road is also expected to rise with modest CAGR, thereby providing substantial opportunities for the growth in automotive aftermarket, which in turn is also expected to fuel the demand for all plastic front end modules across the globe.
Attributing to the increasing issues regarding environmental protection and energy efficiency in the automotive sector, the demand for lightweight materials is estimated to rise significantly in the coming years. This in turn is estimated to foster the growth of all plastic front end module market across the globe during the forecast period.
The ongoing trend to replace heavy metal materials with low-density and lightweight materials has compelled manufacturers to make the shift towards thermoplastics in the automotive industry. This may positively contribute to the all plastic front end module market.
All Plastic Front End Module Market: Regional Outlook
Attributing to the increasing focus towards weight reduction as well as cost savings techniques, the demand for all plastic front end modules is anticipated to witness considerable growth during the forecast period. More and more automotive OEMs are preferring all plastic front end modules over steel, composites and other types of front end modules. North America, Europe and Asia Pacific are anticipated to be the key opportunistic markets for the all plastic front end modules, owing to the increasing research and development activities aimed towards enhancing fuel efficiency and environmental safety. Increasing automotive sales and vehicle fleet in emerging regions including Latin America and Middle East and Africa are also estimated to witness substantial growth in the all plastic front end module market during the forecast period.
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All Plastic Front End Module Market: Market Participants
Examples of some of the market participants identified across the value chain of the global all plastic front end module market include:
MAHLE GmbH
Faurecia
Plastic Omnium Group
HBPO Module Company
Calsonic Kansei Corporation
Murata Manufacturing Company Ltd.
Daikyo Nishikawa Corporation
FLEX-N-GATE CORPORATION
RTP Company
Denso Thermal Sytems SpA
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