Automotive Bumper Market 2018 Global Industry Analysis By Size, Share, Growth Factors, Sales, Competitive Analysis With Forecast To 2027

“Automotive Bumper Market”
Automotive Bumper Market Report 2018 expands Global Automotive Bumper Market With Global Upcoming Opportunities, Industry Share, Size, Competitive Analysis With Forecast To 2027. Global Automotive Bumper Market Key Players 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., L

Global 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 Forecast to 2023.

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Market Synopsis:

An automotive bumper is a structure attached to the front and rear ends of a vehicle, to absorb impact during a low-speed collision. An automotive bumper is minimizing repair costs by minimizing height mismatches between vehicles. The global automotive bumper market is anticipated to grow at a CAGR of 5.76 % during the forecast period of 2016 to 2023.

Market Dynamics:

Explosive Growth in Automobiles and Rising Incomes Is the Prime Determinant of the Market According to the International Organization of Motor Vehicle Manufacturers 2016 statistics, global cars numbered 72,105,435 while commercial vehicles totaled 22,871,134. The global vehicles volume grew by a healthy 4.5 % over the 2015 year. The growing demand for lightweight vehicles owing to increasing income has triggered the market demand.

The growing incomes around the world coupled with secondary drivers such as aging population is driving the demand for cars. Cars account for more than 60 % of the total auto bumper market. The global car production is projected to rise by an annual average rate of 3.5 % during the period from 2016 to 2017 driving the automotive bumper market.

Product And Technological Development Coupled With Regulatory Pressures Is Expected To Drive Significant Demand

Development of lightweight materials is the latest market trend owing to demands for fuel efficiency, and emission rate. Growing emphasis on environmental regulation relating to per miles averages fuel efficiency exemplified by the European automotive associations and U.S. Corporate Average Fuel Economy (CAFE) standards, which ensures an average of around 34 miles per gallon is triggering a significant demand. Thus, vendors such as Compagnie Plastic Omnium, Faurecia Group, Magna International, Fab Fours and other have actively shifted their focus on reducing bumpers weights. Furthermore, the shift from metal-based bumpers to lightweight plastics and alloys and the growing demand for lightweight bumpers is expected to accelerate the market growth. Fluctuating Raw Materials Prices Is Expected To Hinder The Market Growth. The volatile prices of raw materials and scarcity of metals such as chrome may hamper the market growth.

Segmentation:

  • To generate a comprehensive understanding of the global automotive bumper market forces, the report is segmented into end market, and regions.
  • Based on end market, the market is segmented into an original equipment manufacturer (OEM) and aftermarket. The original equipment manufacturer segment account for the most significant market share in 2016.
  • Based on regions, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa.

Regional Analysis

The Asia Pacific accounts for the largest market in 2016 led by the explosive growth of vehicles in India and China. Government incentives such as the lowering of VAT rate on small and medium-sized vehicles by India presents another market opportunity. The growing capacity of vehicles, economic growth, industrialization and low manufacturing cost are other drivers of the Asia Pacific market.

The North America region led by the U.S. accounts for the second largest market followed by Europe. Europe is dominated by Germany, France, Italy and the U.K. The sizeable automotive industry of Germany presents the most significant market opportunity. The Middle East and Africa region are led by the cash-rich Gulf economies of Saudi Arabia, UAE, Kuwait, and Qatar.

Major Table Of Content:

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

Continued…

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