Rising Vehicle Production and Sales to Fuel Growth of Automotive Bumper Through 2022
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In addition to this, the importance of automotive plastic bumpers in safety of vehicle occupants as well as pedestrians is expected to boost its sales. In 2017, more than US$ 10 Bn worth of automotive plastic bumpers are expected to be sold across the globe. Fact.MR’s recent study projects that the demand for automotive plastic bumpers, however, will witness moderate growth owing to laws that curb the use of plastic in automobile manufacturing. By 2022, the global market for automotive plastic bumpers will have expanded at moderate CAGR, reaching US$ 13 Bn in value.
Following forecast highlights offer a detailed outlook on future of global automotive plastic bumpers market during 2017-2022.
• In 2017, more than US$ 3 Bn worth of automotive plastic bumpers are expected to be sold across the Asia-Pacific excluding Japan (APEJ) region. Countries such as India, South Korea and China are observed to be global hubs in automobile manufacturing. The presence of APEJ region on the global automotive plastic bumpers market is likely to remain dominant throughout the forecast period.
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• In North America, the sales of automotive plastic bumpers will witness a considerable rise in production of passenger cars. By the end of 2022, North America’s automotive plastic bumpers market will surpass US$ 2.8 Bn in value, reflecting the resurgence of automotive industry across Canada and the US.
• Europe is also expected to be at the front end of global automotive plastic bumpers market expansion. During the forecast period, revenues amassed from sales of automotive plastic bumpers across European countries is likely to exhibit a moderate CAGR.
• Among key materials used in production of plastic bumpers, polypropylene is expected to gain higher preference compared to other materials. With nearly one-third share on global automotive plastic bumpers market value, the adoption of polypropylene materials is expected to witness an uptick throughout the forecast period.
• The report also profiles key manufacturers of automotive plastic bumpers in the global market. Companies such as Faurecia SA, Toray Industries, Inc., Benteler International AG, Samvardhana Motherson Automotive Systems Group B.V., Flex-N-Gate Corporation, Futaba Industrial Co. Ltd., Montaplast GmbH, Compagnie Plastic Omnium SA, and Warn Industries, Inc. are observed to be leading players in the global automotive plastic bumpers market.
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Chapter 1 – Executive Summary
The automotive plastic bumper market report’s first chapter provides an overall assessment outlining various factors along with an impact analysis. Gist of analysis of various segments across key regions in the globe are discussed in this chapter.
Chapter 2 – Overview
This chapter of the automotive plastic bumper market report includes a brief introduction, overall market sizing, and impact of dynamics. The introduction contains an in-depth taxonomy along with market definition. This chapter also highlights the supply chain analysis, cost structure of automotive plastic bumper and presence of key players across regions worldwide.
Read More Trending and Similar Reports from Fact.MR – https://www.globenewswire.com/en/news-release/2019/04/12/1803392/0/en/Biometric-Driver-Identification-System-Adoption-Growing-with-Shift-toward-Digital-Services-Underway-Fact-MR.html
Chapter 3 – Global Automotive Plastic Bumper Market by Material Type
This chapter reveals global statistics circling around the material used in manufacturing plastic bumpers. The chapter contains sub chapters describing assessment on polypropylene (PP), polycarbonate (PC), polybutylene terephthalate (PBT) and acrylonitrile butadiene styrene (ABS).
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