Press release
Automotive Bumper Market Is Expected To Reach USD 14.2 Billion By 2023
Automotive Bumper Market
Bumpers help in minimizing the impact of accidents, thereby improving the safety of occupants. With the surge of automobile customization, bumpers now, are not used as add-ons, to enhance the look of one's automobile, but also as protection. Recently, preference for plastic bumpers has been more than that of traditional metal. Automobile manufacturers currently prefer using plastic bumpers as they can be used to increase the aesthetic appeal of an automobile. Automotive bumper market is growing in Asia-Pacific region with China and India expected to be the most promising markets. Costs associated with the repair or replacing of automotive bumper, acts as a major barrier in the market.
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Key Players of Automotive Bumper Market:
• Plastic Omnium (France)
• Magna International Inc.(Canada)
• Hyundai Mobis (South Korea)
• Changzhou Ruiyue Vehicle Industry Co. Ltd (China)
• Jiangnan Mould & Plastic Technology Co., Ltd. (JNMPT) (China)
• Futaba Corporation (Japan)
• Faurecia (France)
• Yanfeng Plastic Omnium Automotive Exterior Systems Co., Ltd.(China)
• Calsonic Kansei Corporation (Japan)
• Denso Corporation (Japan)
Market Research Future Analysis:
Market Research Future analysis show that the global market of automotive bumper market is estimated to grow at USD 14.2 Billion by the end of the forecast period. Modern bumpers are made of molded plastic, aluminum, steel, plastic and others. A major trend being witnessed in the global automotive bumpers market is the preference of plastic bumpers over traditional metal ones. The global automotive bumpers market is expected to grow over the forecast period driven by the technological advancement in automotive industry.
Currently, Asia-Pacific is dominating the market with increasing vehicle production in countries such as India and China and the increasing production capacity. The market in the developing countries is largely driven by economic growth and ongoing industrialization, which is likely to lead to considerable production of motor vehicles and other manufacturing output.
Brief TOC:
1 Executive Summary
2 Research Methodology
2.1 Scope of the Study
2.1.1 Definition
2.1.2 Research Objective
2.1.3 Assumptions
2.1.4 Limitations
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis
4 Global Automotive Bumper Market, By Material
4.1 Introduction
4.2 Steel
4.3 Aluminum
4.4 Plastic
4.5 Others
5 Global Automotive Bumper Market, By Application
5.1 Introduction
5.2 Front Ends
5.3 Rear Ends
Continue…
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About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Technologies and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Contact:
Akash Anand,
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: akash.anand@marketresearchfuture.com
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