Automotive Front-end Module Market Latest Research and Developments 2020-2025

Automotive front-end module is a vital part of vehicle that combines large number of components such as cooling fans, radiators, crumple zones, cooling fans, hood latches wiring and grille opening reinforcement. It provides structural stability to the vehicle and reduces fuel consumption. Front end module also act as a crash structures at the time of collision and safeguard the passengers. Apart from the technical benefits all plastic front module improve the overall appearance of the vehicle, reduce weight and improve engine efficiency. Thereby, this results in comfortable and smooth running of the vehicle while running.

The market for all plastic front-end modules is expected to rise at a CAGR of 5.8% percent during the forecast period. Increasing demand of light weight vehicle is the major factor driving the growth of all plastic front end module market.

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ALL PLASTIC FRONT END MODULE MARKET SEGMENTATION:

By Component

Headlight
Front Grill
Radiator
Motor
Fan Shroud
Condenser
Head light
Horn assembly
Bumpers
Oil Coolers
Fenders
Crash box beam
Other.

By Sales Channel:

Aftermarket
Original Equipment Market

By Vehicle Type:

Passenger vehicle
Light Commercial Vehicle
Heavy Commercial Vehicle

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

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REGIONAL INSIGHT:

Asia Pacific is likely to be the most profitable region in the all plastic front module market throughout the forecast period. This is attributed to the presence of major automotive manufacturer countries such as India, Japan, China and South Korea in the region. In addition, change in lifestyle, and increasing rules and regulation for making transportation safer are the factors boosting all plastic front end module market in this region. China is expected to hold the largest share due to increasing production of vehicle. Moreover, there is a surging demand of vehicles with advanced technology in Japan, which is expected to propel the market growth in the country over the coming years.

Europe holds the second largest share due to growing demand of passenger vehicles in the market. Germany is estimated to show noteworthy growth as it is one of leading automotive market in the world. In addition to this, the upsurge in research and development (R&D) activities in the field of enhancing fuel efficiency and environmental safety is projected to drive market growth across this region.

However, North America also expected to show rapid growth in the all-plastic front end module market owing to the development in automotive infrastructure and adoption of advanced technologies for vehicles. In addition to this, surge in investments across the automotive front-end module industry around the North America is projected to create significant growth opportunities for the market. For instance, in June 2017, Valeo North America announced the investment of about $25 million to expand its operation in Smyrna, Tennessee, the U.S. This plant was projected to add 130,000 square feet to the current space and manufactures active grill shutters, front-end modules, and HVAC products.

Moreover, increase in automotive sales as well as vehicle fleet across the emerging regions such as Latin America and Middle East and Africa  (LAMEA) is expected to witness substantial growth in the all plastic front end module market.

FEW KEY PLAYERS IN ALL PLASTIC FRONT END MODULE MARKET:

MAHLE GmbH
Faurecia
Murata Manufacturing Company Ltd.
Daikyo Nishikawa Corporation
FLEX-N-GATE CORPORATION
RTP Company
Denso Thermal Sytems SpA
Plastic Omnium Group
HBPO Module Company
Calsonic Kansei Corporation

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This release was published on openPR.