Press release
Automotive Bumper Market worth USD 41.19 by 2029 : Cognitive Market Research
Automotive Bumper Market worth USD 41.19 by 2029 : Cognitive Market Research
Read Full Report with Table of Contents :
@-https://www.cognitivemarketresearch.com/automotive-bumper-market-report
A bumper is a bar attached transversely in front of or behind a car body to prevent contact between obstruction and the car body or to cushion the shock of collision between vehicles. The purpose of having a bumper is to reduce or prevent physical damage to the front and rear of vehicles in low-speed crashes. By design, bumpers protect the hood, trunk, grille, fuel, exhaust, and cooling system. A bumper is a shield that is usually made of steel, aluminum, rubber, or plastic. It absorbs shocks from car accidents. The need for vehicles has increased as the population has grown. According to the data, 79.1 million automobiles were produced worldwide in 2021, 1.3 percent more than the previous year. This rising vehicle production boosts the automotive bumper market. But, fluctuations in raw material prices can hamper the growth of the market. Nevertheless, currently, many people are focusing on installing extra safety features on their vehicles. This raises the demand for bumpers in cars. Similarly, the demand for lightweight bumpers is growing. This is expected to provide numerous opportunities for market growth
Regional Analysis of the Automotive Bumper Market:
• Asia Pacific dominates the automotive bumper market due to increasing vehicle production, rising vehicle production capacity, and government initiatives in developing countries such as India, China, and Japan.
Top players involved in the Automotive Bumper Market:
Some of these players include
• Plastic Omnium SA
• Magna International
• Futaba Industrial Co.
• Toyoda Gosei Co.
• Hyundai Mobis Co.
• Flex-N-Gate Corporation
• SMP GmbH
• Faurecia SA
• Toyota Boshoku Corporation
• Toray Industries
• Others.
Current Trends of Manufacturers:
• In July 2021, Samvardhana Motherson Automotive Systems Group BV (SMRPBV), a firm within the Motherson Group, has signed an MoU (Memorandum of Understanding) with Marelli Automotive Lighting to develop a new technology relationship centered on smart lit external body elements. The alliance plans to concentrate on bumpers and front grilles, as well as other illuminable auto parts.
Segment Analysis:
• Based on the bumper type, the standard bumper segment is dominating the automotive bumper market owing to the rising popularity of the product. Based on the vehicle type, the passenger car segment dominates the market owing to the growing manufacturing of passenger cars. Based on the material, the plastic segment dominates the market. However, the aluminum segment is expected to grow at a high CAGR in the projected period owing to its plentiful, lightweight, and durable benefits.
Related Report:
• Automotive Foam Market - https://www.cognitivemarketresearch.com/automotive-foam-market-report
• Automotive Elastomers Market - https://www.cognitivemarketresearch.com/automotive-elastomers-market-report
• Automotive Fuel Systems Market - https://www.cognitivemarketresearch.com/automotive-fuel-systems-market-report
• Automotive Fuel Tank Market - https://www.cognitivemarketresearch.com/automotive-fuel-tank-market-report
• Automotive Timing Cover Market - https://www.cognitivemarketresearch.com/automotive-timing-cover-market-report
• Automotive Radiator Market - https://www.cognitivemarketresearch.com/automotive-radiator-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
20 N State Street,Chicago,
Illinois, 60602
United States
USA: +1 312-376-8303
Europe and UK: (+44) 20-8144-9523
Asia Pacific: (+852) 81930785
Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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