Press release
Plastic Bumpers Market on the Rise: Projected to Hit $20.0 Billion by 2033 at 5.3% CAGR
Plastic Bumpers Market
đź”° Download Sample Pages - https://www.alliedmarketresearch.com/request-sample/A42537
Prime determinants of growth
The plastic bumpers market is expected to witness notable growth owing to increasing focus on lightweighting for fuel efficiency, stringent safety regulations mandating impact-absorbing materials, advancements in plastic engineering technologies, and the expanding production of electric vehicles, which require lightweight components. These trends are expected to drive demand for plastic bumpers globally, leading to notable market growth. However, fluctuating raw material prices are restricting the market growth.
Leading Market Players:
Plastic Omnium
Magna International Inc.
Samvardhana Motherson Group (SMG)
Faurecia
Flex-N-Gate Corporation
Tong Yang Group
Futaba Industrial Co., Ltd.
KIRCHHOFF Automotive
Toyoda Gosei Co., Ltd.
By Type
The front bumper segment held the highest market share in 2023
By type, the front bumper segment held the highest market share in 2023, owing to its vulnerability to collisions, necessitating frequent replacements. Additionally, front bumpers are a prominent design feature, driving demand for customization. Stringent safety regulations mandating impact-absorbing materials further contribute to the segment's dominance in the plastic bumpers market.
đź”° Interested to Procure the Research Report? Inquire Before Buying - https://www.alliedmarketresearch.com/purchase-enquiry/A42537
By Application
The passenger vehicles segment held the highest market share in 2023.
By application, the passenger vehicles segment held the highest market share in 2023, due to their sheer volume in global automotive sales. As individual and family transportation solutions, passenger vehicles necessitate frequent replacements and repairs, boosting demand for plastic bumpers. Moreover, stringent safety regulations mandate impact-absorbing materials, further driving the adoption of plastic bumpers in this segment to ensure occupant safety.
Speak with Our Industry Expert: https://www.alliedmarketresearch.com/connect-to-analyst/A42537
By Region
Asia-Pacific held the highest market share in terms of revenue in 2023.
By region, Asia-Pacific held the highest market share in terms of revenue in 2022, owing to a thriving automotive industry, driven by rapid urbanization has led to increased demand for personal transportation, while a growing middle-class population with rising disposable incomes has further fueled vehicle ownership. In addition, manufacturers in Asia-Pacific benefit from lower production costs and favorable government policies, enhancing their competitiveness in the global market. Moreover, rising demand for lightweight materials and stringent safety regulations further fuel the demand for plastic bumpers in the region.
đź”° Procure Complete Research Report Now: https://www.alliedmarketresearch.com/plastic-bumpers-market/purchase-options
Report Review :
The plastic bumpers market plays a crucial role in the automotive industry, driven by advancements in vehicle design and material technology. Plastic bumpers, typically made from materials like polypropylene, polyurethane, and thermoplastic elastomers, offer several advantages over traditional metal bumpers, including lighter weight, improved impact resistance, and design flexibility. The increasing adoption of plastic bumpers is largely fueled by the automotive industry's push towards fuel efficiency and reduced emissions, as lighter components contribute to overall vehicle weight reduction and better fuel economy.
Contact:
David Correa
5933 NE Win Sivers Drive
205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com
Follow Us on | Facebook | LinkedIn | YouTube |
About us :
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Plastic Bumpers Market on the Rise: Projected to Hit $20.0 Billion by 2033 at 5.3% CAGR here
News-ID: 3882056 • Views: …
More Releases from Allied Market Research
Mobile Application Security Market Growing at 26.3% CAGR Reach USD 37.1 Billion …
Allied Market Research published a new report, titled, "Mobile Application Security Market Growing at 26.3% CAGR Reach USD 37.1 Billion by 2032." The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segments, Porter's Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain a thorough understanding of the industry and determine…
MarTech Market Witnessing CAGR of 18.5% Hit USD 1.7 Trillion by 2032
The global marketing technology market is experiencing growth due to several factors, including the increasing digital transformation, the surge in demand for personalized experience, and the proliferation of automation and efficiency. However, data privacy and compliance, and the high cost of implementation are expected to hamper market growth. Furthermore, the growing integration of AI and ML technologies and the increase in demand for real-time marketing are anticipated to provide lucrative…
Feedback Management Software Market Growing with CAGR of 12.9% Reach USD 28.7 Bi …
Allied Market Research published a new report, titled, "Feedback Management Software Market Growing with CAGR of 12.9% Reach USD 28.7 Billion by 2031 ." The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter's Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and…
Digital Educational Publishing Market Growing at 15.9% CAGR Reach USD 41.5 Billi …
The Market report provides an extensive analysis of changing market dynamics, major segments, value chain, competitive scenario, and regional landscape. This research offers a valuable guidance to leading players, investors, shareholders, and startups in devising strategies for the sustainable growth and gaining competitive edge in the market.
The global Digital Educational Publishing Market was valued at $9.9 billion in 2021, and is projected to reach $41.5 billion by 2031, growing at…
More Releases for Plastic
Plastic bottles at events - Better party with plastic
Partying, dancing, camping - festivals attract hundreds of thousands of visitors every year in Germany alone. One challenge: supply and safety. For this reason, drinks in glass bottles are banned at most events due to the risk of injury. Lightweight and unbreakable plastic bottles, on the other hand, are considered a safe and practical alternative. Not only that: they can even be used to make a musical instrument.
Festivals or pageants…
Plastic Pallet With Plastic Crate Use: Efficient Material Handling
When it comes to efficient moving and storage of goods, a combination of plastic pallets [https://www.agriculture-solution.com/plastic-pallet/]and plastic crates is a popular choice. They are widely used in various industries such as manufacturing, retail, agriculture, etc. for storage and transportation of goods. Plastic pallets are designed to provide a stable base for stacking and shipping goods, while plastic crates provide safe and protective containers for stored or transported items. Plastic pallets…
Plastic Granules Market to Witness Massive Growth by Balaji Plastic, Navkar Indu …
The Worldwide Plastic Granules Market has witnessed continuous growth in the past few years and is projected to grow at a good pace during the forecast period of 2023-2029. The exploration provides a 360° view and insights, highlighting major outcomes of Worldwide Plastic Granules industry. These insights help the business decision-makers to formulate better business plans and make informed decisions to improve profitability. Additionally, the study helps venture or emerging…
Insights on the Growth of Plastic Granules Market 2018 to 2025 | Profiling Key C …
UpMarketResearch offers a Latest report on “Plastic Granules Market Analysis & Forecast 2018-2025” delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 114 pages which highly exhibits on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability.
Request Sample Copy of This Report@ https://www.upmarketresearch.com/home/requested_sample/49052
Plastic Granules research report delivers a close watch on leading competitors with strategic…
Agriculture Film Market SWOT Analysis of Leading Key Players Shandong Tianhe Pla …
HTF MI recently introduced Global Agriculture Film Market study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status to 2023. The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are British Polythene Industries (BPI), Trioplast, Berry Plastics, Armando Alvarez, Polypak, Barbier…
Building Materials Market 218 : Hepworth, National Plastic Industry, Hira Indust …
Building materials in this report covered the PVC pipes and fittings, PPR pipes and fittings, PE pipes and fittings, fabrication, ducts systems for infrastructure, valves and pumps and electrical conduits PVC systems.
At present, Hepworth, National Plastic Industry, Hira Industries, Florance Plastic Industries, Polyfab Plastic Industry, MPI, Union Pipes Industry, ANABEEB, Borouge and ACO Group are the UAE leading suppliers of the building materials, and top ten of them shared about…
