Automotive Bumper Market: 2018 Global Industry Manufacturers, Size, Share, Trends, Aftermarket, and Regional Outlook To 2023

Automotive Bumper Market Research Report 2018 of 97 pages expands comprehensive information on Automotive Bumper Market by Material (Composite Plastic, Metal and Fiber), By Positioning (Front ends and Rear ends), By End Market (OEM and Aftermarket) and Region with Global Forecast To 2023. Report studies Automotive Bumper Market key players, providing a five-year annual trend analysis that highlights market size, volume, sales, growth, and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW).

Automotive Bumper Market Overview:

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. Auto 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 Auto bumper, acts as a major barrier in the market.

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Automotive Bumper Key Companies Analyzed In Report are Toyota Boshoku Corporation (Japan), Plastic Omnium (France), Magna International, Inc. (Ontario), Toyoda Gosei Co., Ltd (Japan), SMP Deutschland GmbH (Germany), Yanfeng Plastic Omnium automotive Exterior Systems Co. Ltd (Shanghai), JiangNan Mould & Plastic Technology Co., Ltd. (Japan), Venture Otto SA (Pty) Ltd. (South Africa), NTF (India) Private Ltd (India) and Fab Fours, Inc. (U.S.).

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 bumpers 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. Thus, increasing demand of light weight bumpers will accelerate higher growth rate.

Automotive Bumper Market Segmentation:

Based on end market, it is segmented as OEM and Aftermarket. Most of the automotive manufacturers purchase automotive bumpers from the OEMs and after that they assembles it into the automotive manufacturers. At the time of replacements or maintenance, most of the end users prefer to go for OEM rather than aftermarket. Thus, OEM accounted the largest market share in 2016.

Automotive Bumper Market Regional Analysis:

Currently, Asia-Pacific is dominating the market with increasing vehicle production in countries such as India and China and is focused on increasing the production capacity, thus driving the market for automotive bumper. The government intervened immediately and lowered the VAT rate on small and medium-sized vehicles. Moreover, high production of vehicles, and low manufacturing cost are some of the factors that boost the market in Asia-Pacific. The market in the developing countries is largely driven by economic growth and ongoing industrialization, which is likely to raise the production of motor vehicles and other manufacturing output, considerably.

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The report for Global Automotive Bumper Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

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