Front End Module Market: 2018 Global Industry Analysis 2018 to 2023

Automotive Front End Module Market is characterized by the presence of many global, regional, and local companies. The market is highly competitive with all the players competing to gain market share. Intense competition, rapid advances in technology, frequent changes in government policies, and environmental regulations are key factors that confront the market growth. In addition, global footprint network, product offerings, R&D investments, and strong client base have become the key areas to have the edge over the competitors.

Automotive Front End Module Market Global Forecast to 2022 report deeply analyzes Automotive Front End Module Market Size, Share, Growth, Manufacturers Analysis by Type (Iron, Titanium, Steel), by Material (Steel, Composite, Plastic, and Others), by Component (Headlight, Front Grill, Radiator, Condenser, Horn Assembly, Oil Cooler and Others), by Vehicle (Passenger, Commercial) and by Region.

Automotive Front End Module market Key Players:

Mahle GmbH, Faurecia SA, Denso Corporation, Calsonic Kansei Corporation, Hbpo Group, Magna International Inc., Hyundai Mobis, Plastic Omnium, SL Corporation, and Valeo S.A.

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Automotive Front End Module Market Scenario:

Automotive Front End Module are pieces of assembly that are the integral part of the vehicle which includes forward light, radiator and cooling fans, bumpers, air conditioning condensers, and others. The structure of the modular FEM can be standardized which allows common design to be used in multiple models hence leads to cost saving. Also, FEMs can be installed late in the assembly sequence which saves time and cost during the manufacturing process of the vehicle. As per trend, light weight composites FEM such as polypropylene are used in the vehicles to increase the fuel efficiency and performance of the vehicle which in turn expected to contribute in the growth of the automotive front end module market. According to a recent study report published by the Market Research Future, The global market of automotive front end module is booming and expected to gain prominence over the forecast period. The market is forecasted to demonstrate a stunning growth by 2023, surpassing its previous growth records in terms of value with a striking CAGR during the estimated period (2017 – 2022).

There are various factors that contributes to the growth of the automotive front end module which includes rising demand of light weight components, increase in the registration of the new vehicles, expansion of the auto manufacturers in the emerging economies such as India, china, and others.

The global automotive industry has experienced a potential demand for light weight vehicles. Over the years it has been analysed that the demand for light weight vehicles has increased among the end users which in turn has put pressure on auto bumpers manufacturers to reduce the material weight. Major reasons that have propelled this decision is that light weight vehicle consumes less fuel and the emission rate, moreover, the governments of various countries have taken same initiatives. Owing to all these factors, the OEMs such as Compagnie Plastic Omnium, Faurecia Group, Magna International, Fab Fours and other have actively shifted their focus on reducing weights. Furthermore, the major automotive producers have also witnessed a strong demand for light weight vehicle due to the government’s initiative on less fuel consumption as light weight vehicles consumes less fuel consumption. Additionally, it has been observed that in North America and Europe, the government have made regulation on per miles average of vehicles and as per European automotive associations and US Corporate Average Fuel Economy (CAFE) standards, the amendments have been made for vehicles average, which ensures that vehicles must give average of around 34 miles per gallon. However, due to all the above factors, the demand for light weigh vehicle is expected to increase which in turn for light weight auto components.

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Asia-Pacific is the major regions for the automotive front end module market. Asia-Pacific is expected to show significant growth in automotive front end module market. Emerging economies like China, India, are expected to drive the market due to increasing demand for vehicles, increasing middle class disposable income & purchasing power is expected to drive the market for automotive front end module. European region is expected to witness the moderate demand because of the market maturity.

Target Audience:

Manufacturers of Automotive Front end module
Traders, distributors, and automotive Front end module suppliers
Government and research organization
Investment bankers and M&A Consultants.

Geographic Analysis:
Geographical analysis across 17 countries

Company Information:
Profiling of 10 key market players.
SWOT analysis, and strategy information of top five players in the market.
Competitive landscape including emerging trends adopted by major companies.

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This release was published on openPR.