5.27% CAGR growth in the Automotive Front End Module Market during the forecast period of 2018-2023| Key Players - DENSO CORP, FAURECIA SA, HBPO GROUP, MAGNA INTERNATIONAL, PLASTIC OMNIUM GROUP, amongst others

Market Analysis:

The front-end modules were mostly designed and fabricated with heavy steel materials. However, in the recent years, lightweight composite materials like polypropylene, glass mat thermoplastic, long fiber thermoplastic (LFT), direct LFT aluminum etc. are used in manufacturing front-end modules.

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The increasing demand for vehicles and growing concerns regarding passenger and driver safety are driving the front-end module market. Due to cost concerns, manufacturers have shifted from GMT to injection-molded pelletized long-fiber thermoplastics (LFT). However, in the recent years, lightweight composite materials long fiber thermoplastic (LFT) and direct LFT are used in manufacturing front-end modules. Composites have experienced a widespread use in the automotive industry owing to their ever-higher strength-to-weight ratios, corrosion resistivity, and workability features. Automotive composites are replacing metal in various automotive applications due to their light-weight but tough features, which contributes to lesser fuel consumption.

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Market Segments:
Automotive Front End Module Market is segmented by:
1. Vehicle Type: Passenger cars, Light Commercial Vehicles, Heavy Commercial Vehicles
2. Raw Material: Metal, Composites
3. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa

Key Developments in the Market
• March 2018: Mahle Group sells its shares in the Hella Behr Plastic Omnium (HBPO) joint venture to fellow shareholder Plastic Omnium. HBPO specializes in the assembly, logistics, development and design of front-end modules, consisting of bumpers, lighting systems and cooling components.
• January 2018: HBPO, the auto industry's important supplier of modular front-end systems, exhibit front-end modules focused on innovation and cost savings at this year's North American International Auto Show.

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