Automotive Bumper Market Share Analysis 2022, Industry Size, Manufacturing Leaders, Growth and Demand Status 2022 – 2030

The Automotive Bumper market trends is growing pervasively, witnessing an exponential growth backed by the increasing investments, competitive activities, global developments, opportunity, and business trends during forecast period 2022 to 2030.

Automotive Bumper Market Overview

Automotive bumper market revenue is expected to reach USD 14,489 Million, with a growing CAGR of 5.76% during the forecast period. The global automotive industry has observed a potential demand for lightweight vehicles. Over the past few years, it has been analyzed that the demand for lightweight vehicles has increased among the end-users, which in turn has put pressure on auto bumpers manufacturers to reduce the material weight. Primary reasons that have propelled this decision is that lightweight vehicle consumes less fuel, and the emission rate, additionally, the governments of various countries have taken similar initiatives.

Furthermore, the major automotive producers have also observed a strong demand for lightweight vehicles owing to the government initiative on less fuel consumption as lightweight vehicles consume less fuel consumption.  Thus, increasing demand for lightweight bumpers will accelerate a higher growth rate. In addition, the demand for cars is also growing with the rising population, contributing to an increase in the production of automobiles. Cars account for 75 percent of the overall automotive market, and nearly 67 percent of the total automotive bumper has found use in cars. This has contributed to an increase in the manufacture of cars and a further boost to the car bumper industry.

Automotive Bumper market demonstrates a high growth potential which is likely to attract many entrants to the market resultantly, intensifying the competition further. Manufacturers strive to develop innovative materials, and best practices. Incorporating acquisition, collaboration, partnership, and expansion the well-established players gain the competitive advantage to maintain their market position. Also, they make substantial investments in manufacturing & expansion program. Expansions help in reducing logistic cost and increase production capacities and potential to fetch larger turnovers.

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Globally Major key Players accelerates the Automotive Bumper Market 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), Fab Fours, Inc. (U.S.)

Consequently, with rising car production, the OEMs would simultaneously increase demand for automobile bumper. However, demand growth is expected to be impeded by fluctuating prices of raw materials.

Most important Segments of Automotive Bumper market covered in this report are,

The global market for automotive bumpers has been segmented based on material, positioning, and end markets.

By material, the global market is segmented into composite, plastic, metal, and fiber.

By positioning, the global market has been bifurcated into front ends, and rear ends.

By end market, the market has been divided into OEM and aftermarket.

Growth Drivers

• Growth in the production of vehicles is directly linked with the growth of automotive plastic bumpers
• Rise in transportation of various goods due to a rise in the activities of trading around the globe

Automotive Bumper Industry Influence of the global market report:

• Comprehensive assessment of all opportunities and risks in the Automotive Bumper Market.
• Automotive Bumper Market recent innovations and major events.
• A detailed study of business strategies for the growth of the Automotive Bumper Market market-leading players.
• Conclusive study about the growth plot of Automotive Bumper Market for forthcoming years.
• In-depth understanding of Automotive Bumper Market, market-particular drivers, constraints, and major micro markets.
• Favorable impression inside vital technological and market latest trends striking the Automotive Bumper Market.

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The global Automotive Bumper market during the period has been split into several segments and subsegments, which have then been verified through primary research by conducting extensive interviews with key experts such as CEOs VPs, directors, and executives. Finally, the global market breakdown and data triangulation procedures have been employed to complete the overall market engineering processes and functions and hence, arrive at the exact statistics for all segments and subsegments.

Regional Analysis

The geographical overview of the global market has been conducted in four major regions, including the Asia Pacific, North America, Europe, and the rest of the world.

Asia-Pacific currently dominates the market with rising vehicle output in countries like India and China and is focused on increasing production efficiency, driving the automotive bumper market. The government promptly intervened and reduced the VAT rate on small and medium-sized vehicles. Also, high vehicle demand and low manufacturing costs are some of the factors that fuel the Asia-Pacific market. The demand in developing countries is primarily driven by economic growth and increasing industrialization, which is expected to increase motor vehicle production and other manufacturing performance dramatically. Being amongst others, the presence of the world’s most populated countries such as China and India, APAC’s supremacy becomes evident in the global market value of auto bumper. Due to increasing passenger car sales, increased use of plastic on cars increased the popularity of plastic bumpers and technological advances, and the market has experienced rapid growth in the last two years, giving much-needed impetus to the auto bumpers industry.

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