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Automotive Bumpers Market Size 2022 Manufacturing Size, Share, Opportunities, Trends, Industry Expansion Strategies and Global Analysis by Forecast to 2027
The Automotive Bumpers Market report is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report. The market report additionally gives a to-the-point evaluation of the techniques and plans of action that are being executed by the players and companies to contribute to the Automotive Bumpers market growth.The Global Automotive Bumpers Market Size is Projected to Reach at a CAGR of 6% during 2022-2027.
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Market Overview:
The global automotive bumpers market is expected to increase over the forecast period driven by the technological advancement in the automotive industry. The automotive bumpers market growth is highly co-related to the auto industry. Bumpers (front/rear) are made along with an attachment brackets to protect the vehicle in low-speed collision as well as to protect pedestrians. In order to absorb energy, bumpers are made by covering a reinforcement bar, which is composed of steel, aluminum, fiberglass composite, and plastics. The global automotive industry has been witnessing strong growth in terms of profitability and sales across the developing nations. The automotive application areas such as bumpers are foreseen to refurbish the mode of maneuvering sophisticated automotive processes.
Top Leading Companies:
Flex-N-Gate, Ford, Plastic Omnium, Magna International, Toyoda Gosei, Alcoa, Faurecia, SMG, AGS, KIRCHHOFF Automotive, Eco Plastic Automotive, Aisin Light Metals, Sungwoo, Benteler, Futaba Industrial
Recent Development:
• In August 2019, Toyota and Suzuki joined hands to develop new cars, technologies, and platforms for India. It will have a new grille, new bumpers, interior scheme, and color options.
• In August 2020, BGAUSS join hands with MoneyTap for bumper financing options on electric scooters.
• In May 2021, Mahindra will launch the updated Bolero in Q2 FY2022. The spy shots of the new Mahindra Bolero hint that the model now gets a dual-tone paint theme along with a red body color and a silver-color treatment on the front bumper and grille
• In March 2021, Mercedes-Benz India launches 2021 E-Class LWB at Rs 63.6 lakh. The new E-Class E 350d AMG-line variant gets a unique diamond-studded front grille, sportier 18-inch alloy wheels, AMG design front, and rear bumpers, and a special beige-Tropez blue interior upholstery
Automotive Bumpers Market Segmentation by Type:
Metal
Plastic
Automotive Bumpers Market Segmentation by Application:
Commercial Vehicle
Passenger Vehicle
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European Union Dominates the Market
The European Union is anticipated to be the world’s leading producer in the auto industry, provided this industry is the key contributors to their economy & GDP. A relatively high number of skilled laborers is expected to be the key driver for Europe’s innovation and knowledge in this sector, which reflects in their largest foreign investment in R&D. The European commission is planning to further boost this industry by improving its internal market regulations. Some of the key players in the European region include Delphi Automotive, GKN, and, Valeo.
China automotive bumper industry is expected to be the fastest growing regional market. The key regional players such as Plastic Omnium, Magna International Inc., Hyundai Mobis, etc. have established partnerships with efficient retailers and distributors in order to survive in the market.
Regional Automotive Bumpers Market (Regional Output, Demand & Forecast by Countries)
North America (United States, Canada, Mexico)
South America (Brazil, Argentina, Ecuador, Chile)
Asia Pacific (China, Japan, India, Korea)
Europe (Germany, UK, France, Italy)
Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And additional.
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Highlights of the Automotive Bumpers Market Report:
Detailed overview of Automotive Bumpers Market
Changing the Automotive Bumpers market dynamics of the industry
In-depth market segmentation by Type, Application, etc.
Historical, current and projected Automotive Bumpers market size in terms of volume and value
Recent industry trends and developments
Competitive landscape of Automotive Bumpers Market
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth.
The research includes historic data from 2016 to 2022 and forecasts until 2027 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.
Finally, the Automotive Bumpers Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and market development rate and figure, and so on. Automotive Bumpers industry report additionally Presents a new task SWOT examination, speculation attainability investigation, and venture return investigation.
We Offer Customization on Report Based on Specific Client Requirement:
– Free country Level analysis for any 5 countries of your choice.
– Free Competitive analysis of any 5 key market players.
– Free 40 analyst hours to cover any other data point.
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