Market Synopsis
Automotive front-end module is defined as multi-piece assemblies integrating the large number of parts such as air conditioning condensers, cooling fans, forward light, radiator & bumpers, and others. Market Research Future (MRFR) has published and released a research report about the global automotive front-end module (FEM) market that estimates enlargement for this market with 6% CAGR (Compound Annual Growth Rate) between 2016 and 2022. Analyzing the market structure, this report evaluates the future growth potential of the market. It observes the strategies of the key players in the market and follows the competitive developments such as joint ventures, new product developments, mergers and acquisitions, research and developments (R & D) in the market.
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The primary factors the drive the global automotive front-end module market growth include increasing demand for technically advanced lightweight front-end modules, rising demand for reduction in weight for vehicles, and cost saving. Today cost saving is possible during the vehicle manufacturing process because one design of a standardized FEM can be used in multiple vehicle models. A standardized FEM also saves time as it can be installed late in the assembly sequence.
Key Players
The key players of Global Automotive Front End Module Market report include- Mahle GmbH, Faurecia SA, Denso Corporation, Calsonic Kansei Corporation, Hbpo Group, Magna International Inc., Hyundai Mobis, Plastic Omnium, SL Corporation, and Valeo S.A.
Segmentation:
The global automotive front-end module market has been segmented on the basis of component, material, vehicle type, and lastly, region. The component-based segmentation of this market segments it into the condenser, front grill, headlight, horn assembly, oil cooler, radiator, and others. The segmentation of the market based on material covers composite, plastic, steel, and others. By vehicle type, the market has been segmented into the commercial vehicle and a passenger vehicle.
Regional Analysis
The regional segmentation of the global automotive front-end module market segments the market into North America, Asia Pacific, Europe, and the rest of the world (RoW). Already being a major market for the automotive front-end module, Asia-Pacific is expected to show significant growth during the forecast period. Emerging economies like China and India are expected to drive the market due to factors like increasing demand for vehicles, increasing middle-class disposable income & purchasing power. Another important country-specific market is Japan, followed by the rest of the Asia Pacific region.
Europe is expected to witness the moderate demand during the forecast period as the because of the market is already mature in this region. The most important country-specific markets in this region are France, Germany, and the United Kingdom (UK). North America is also an important market. Due to its nature of being an established market, the growth in this region is expected to steady. In this region, the most important regional markets are the United States of America (USA), Canada, and Mexico, followed by the rest of North America. The USA is the most powerful economy in North America.
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Latest Industry News
- Hella Behr Plastic Omnium (HBPO), a leading supplier of front-end modules, has planned to open two new assembly plants in Mexico this year to help sustain its growth in North America where it hopes its annual revenues to reach the US $ 1 bn by 2022. 11 JUL 2018
- Skyworks Solutions Inc. has introduced a family of compact, RF front-end modules (FEMs). The company specifically designed the RF FEMs for low-power wide-area network (LPWAN). 18 SEP 2018
- HBPO is scouting a new additional site in Michigan to expand its business in North America. 19 JUL 2018
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