Press release
Automotive Plastic Bumper Market is Estimated to Reach USD 15.79 Billion By 2030: Cognitive Market Research
Automotive Plastic Bumper Market is Estimated to Reach USD 15.79 Billion By 2030: Cognitive Market Research
An automotive plastic bumper is a component of a vehicle's body that consists of plastic material and is located at the front or rear of the vehicle. Its main aim is to absorb impact during collisions and protect the vehicle's body from damage. In modern cars, the bumper is designed to crumple and deform upon impact, which helps to dissipate the force of the collision and reduce the case of injuries. Plastic is a popular material for bumper construction because it is lightweight, easy to mold into complex shapes, and relatively low cost.
Summary:
• As per the study of CMR, the Global Automotive Plastic Bumper Market Size Was Valued at USD 11.72 Billion In 2022 And is Expected to Grow at a CAGR Of 3.8 %During the Forecast Period, Reaching USD 15.79 Billion By 2030.
• Growing demand for lightweight components in automotive manufacturing along with increasing sales of vehicles is the major driving factor for the growth of the Automotive Plastic Bumper market.
• Asia Pacific is expected to dominate the automotive plastic bumper market during the forecast period.
• Based on vehicle type, the passenger cars segment held a significant share in 2022 owing to automotive plastic bumpers being significantly used in passenger cars due to their several advantages over metal bumpers.
To know more about The Automotive Plastic Bumper Market statistics click here: https://www.cognitivemarketresearch.com/automotive-plastic-bumper-market-report
What are the driving factors for the automotive plastic bumper market?
Growing demand for lightweight components in automotive manufacturing along with increasing sales of vehicles is the main driving factor contributing to the growth of the automotive plastic bumper market during the forecast period. Plastic bumpers are usually less expensive to produce than metal bumpers, which can help reduce the overall cost of manufacturing a vehicle. Additionally, the rapid expansion of the automotive industry has driven market growth over the forecast period. However, the high cost of purchasing and maintaining these vehicles may obstruct the growth of the logistics robot market in near future. The automotive plastic bumper is majorly requiring customized configurations and specialized equipment, which can make them more expensive than other types of commercial vehicles. Further, advancements in plastic molding and manufacturing techniques have made it possible to produce bumpers that are stronger and more durable than other materials, which has increased their popularity in the automotive industry. This is expected to create great opportunities for the market during the forecast period.
Market Segmentation:
Global automotive plastic bumper market material type segmentation:
• Polypropylene (PP)
• Polycarbonate (PC)
• Polybutylene Terephthalate (PBT)
• Acrylonitrile Butadiene Styrene (ABS)
The polypropylene segment is a major revenue contributor in terms of material type, as this is a thermoplastic polymer that is increasingly used in the manufacturing of automotive plastic bumpers. It is widely adapted due to its excellent strength, toughness, and resistance to impact. The process of manufacturing a plastic bumper includes injection molding, where the polypropylene pellets are melted and injected into a mold to create the shape.
Global automotive plastic bumper market vehicle type segmentation:
• Passenger Cars
• Light Commercial Vehicles (LCVs)
• Heavy Commercial Vehicles (HCVs)
Based on vehicle type, the passenger cars segment held a significant share in 2022 owing to automotive plastic bumpers being significantly used in passenger cars due to their several advantages over metal bumpers. Plastic bumpers are lightweight, which helps improve fuel efficiency, and they are also inexpensive to produce.
Global automotive plastic bumper market distribution channel industry segmentation:
• Original Equipment Manufacturers (OEMs)
• Aftermarket
Competitive Analysis of Automotive Plastic Bumper Market: Plastic Omnium, Magna, SMP, Tong Yang, Hyundai Mobis, KIRCHHOFF, HuaYu Automotive, Seoyon E-Hwa, Flex-N-Gate, Toyoda Gosei, Jiangnan MPT, Rehau, Ecoplastic, Zhejiang Yuanchi
Get free sample pages of the latest published Automotive Plastic Bumper Market Report: https://www.cognitivemarketresearch.com/automotive-plastic-bumper-market-report
Asia Pacific is expected to dominate the automotive plastic bumper market during the forecast period.
As per CMR analysis, Asia Pacific is expected to dominate the automotive plastic bumper market during the forecast period. The growth of market is significantly growing in the region due to the increasing production of vehicles and the large presence of automotive component manufacturers. The increasing adoption of electric vehicles in the region is also driving the demand for lightweight components such as plastic bumpers. Electric vehicles need light components to improve their efficiency since many automakers are turning to plastic bumpers to reduce the significant amount of vehicle weight.
Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Automotive Plastic Bumper Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Automotive Plastic Bumper Market Segmentation
1.5.1 Automotive Plastic Bumper Market Regional Fragmentation
1.5.1 Automotive Plastic Bumper Market Players
• 1.6 Report Duration
• 1.7 List of Stakeholders
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Automotive Plastic Bumper Market
• 3.1 Global Automotive Plastic Bumper Market Size 2018 - 2030, (USD Million)
• 3.2 Global Automotive Plastic Bumper Value, Absolute & Opportunity Analysis
• 3.3 Global Automotive Plastic Bumper Market Y-o-Y Growth Rate Projection by Region (2023 - 2030)
• 3.4 Global Automotive Plastic Bumper Market Statistics 2022: Snapshot
Chapter 4 Global Automotive Plastic Bumper Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Automotive Plastic Bumper Market by Material Type Segmentation Analysis (2018-2030)
Chapter 10 Global Automotive Plastic Bumper Market by Vehicle Type Segmentation Analysis (2018-2030)
Chapter 11 Global Automotive Plastic Bumper Market by Distributional Channel Segmentation Analysis (2018-2030)
Chapter 12 Global Automotive Plastic Bumper Market Regional Analysis
Chapter 13 North America Automotive Plastic Bumper Market Outlook (2018 - 2030)
Chapter 14 Europe Automotive Plastic Bumper Market Outlook (2018 - 2030)
Chapter 15 Asia Pacific Automotive Plastic Bumper Market Outlook (2018 - 2030)
Chapter 16 Latin America Automotive Plastic Bumper Market Outlook (2018 - 2030)
Chapter 17 Middle East and Africa Automotive Plastic Bumper Market Outlook (2018 - 2030)
Chapter 18 Research Findings
Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)
To know more about The Automotive Plastic Bumper Market TOC click here: https://www.cognitivemarketresearch.com/automotive-plastic-bumper-market-report#table_of_contents
Related Report:
• Automotive Components Forging Market- https://www.cognitivemarketresearch.com/automotive-components-forging-market-report
• Automotive Bumper Market- https://www.cognitivemarketresearch.com/automotive-bumper-market-report
• Automotive Components Market- https://www.cognitivemarketresearch.com/automotive-components-market-report
• Heavy Duty Axle Market- https://www.cognitivemarketresearch.com/heavy-duty-axle-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
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Illinois, 60602
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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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