Automotive Plastic Bumper Market Attractiveness, Competitive Landscape and Forecasts to 2022

Apart from making the cars look better, bumpers play an instrumental role in minimizing the impact of accidents. Car manufacturers prefer automotive bumpers made from plastic and polymer materials due to their light weight, rigidity and compatibility. While manufacturing plastic bumpers, OEMs are aiming at rendering more sturdiness through the use of composite or hybrid materials such as HDPE. While traditional metal bumpers are tougher than their plastic counterparts, vehicle owners are likely to incur high costs for repairing metal bumpers upon head-on or rear-end collisions. And, since the global automotive industry reaps billions of dollars through customization needs of car owners, automotive plastic bumpers are likely to remain in vogue in the future.

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Made from plastic materials, automotive plastic bumpers are horizontal structures attached to the front-end and rear-end of vehicles. Automotive plastic bumpers can also be integrated to the main body of the car. Their function is to absorb impact of collisions, and minimize repair costs. Automotive plastic bumpers are also being installed to minimize the damage caused to pedestrians when they accidentally run into vehicles.

Forecast Highlights on global automotive plastic bumpers market

1) In 2017, more than US$ 3 Bn worth of automotive plastic bumpers are expected to be sold across the Asia-Pacific excluding Japan (APEJ) region. Countries such as India, South Korea and China are observed to be global hubs in automobile manufacturing. The presence of APEJ region on the global automotive plastic bumpers market is likely to remain dominant throughout the forecast period.
2) In North America, the sales of automotive plastic bumpers will witness a considerable rise in production of passenger cars. By the end of 2022, North America’s automotive plastic bumpers market will surpass US$ 2.8 Bn in value, reflecting the resurgence of automotive industry across Canada and the US.
3) Europe is also expected to be at the front end of global automotive plastic bumpers market expansion. During the forecast period, revenues amassed from sales of automotive plastic bumpers across European countries is likely to exhibit a moderate CAGR.
4) Among key materials used in production of plastic bumpers, polypropylene is expected to gain higher preference compared to other materials. With nearly one-third share on global automotive plastic bumpers market value, the adoption of polypropylene materials is expected to witness an uptick throughout the forecast period.
5) More than US$ 4.2 Bn worth of automotive plastic bumpers are anticipated to be sold for production of passenger cars in 2017. Going forward, passenger cars will be viewed as lucrative vehicle segment for application of automotive plastic bumpers. On the other hand, the demand for plastic bumpers in production of commercial vehicles is slated to be low owing to higher preference to sturdy metal bumpers.
6) The report highlights that throughout the forecast period, OEMs will observed as the largest distributors for automotive plastic bumpers. Aftermarket sales of automotive plastic bumpers is also expected to rise in the view of growing popularity of vehicle customization. Across these distribution channels, the demand for low-priced automotive plastic bumpers will be downright high. By 2022-end, global sales of low-priced automotive plastic bumpers is expected to reach US$ 7.2 Bn in revenues.

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OEMs witnessing Higher Sales of Plastic Bumpers below US$ 300 Price
The report highlights the presence of OEMs in global automotive plastic bumper distribution network. Through 2022, OEMs are projected to remain the largest distributors of automotive plastic bumpers, accounting for around two-third value share. Aftermarket sales of automotive plastic bumpers are also expected to gain traction owing to rising customization needs of vehicle owners.

Automotive plastic bumpers priced below US$ 300 are expected to be prominent in the sales recorded by OEMs. The demand for low prices automotive plastic bumpers is likely to remain high on the grounds of rising efforts of automobile manufacturers towards cost-cutting. While luxury car manufacturers will opt for high-priced automotive plastic bumpers, a majority of the market will witness prominence of low-priced automotive plastic bumpers. Between 2017 and 2022, the low-priced automotive plastic bumpers segment is expected to witness a lucrative incremental opportunity of nearly US$ 1.5 Bn.

Competition Tracking
The report has tracked formative developments in the competitive landscape of the global automotive plastic bumpers market. A shift of OEMs towards low-cost bumper production is evident, particularly on the account of rising demand for low-priced plastic bumpers for customization purposes. Companies such as Toray Industries, Inc., Samvardhana Motherson Automotive Systems Group B.V., Faurecia SA, Benteler International AG, Futaba Industrial Co. Ltd., Compagnie Plastic Omnium SA, Montaplast GmbH, Flex-N-Gate Corporation, and Warn Industries, Inc. are observed to be the key players in the global automotive plastic bumper market.

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