Automotive Bumper Market size was valued at US$ 3.65 Bn. in 2021. Passenger cars are expected to dominate the post COVID era for Automotive Bumper Market.
Automotive Bumper Market Overview:An automotive bumper is a bar that runs transversely in front of or behind a vehicle's body to prevent contact with an obstruction or to absorb the impact of a collision between two cars. In the event of an accident, an automotive bumper functions as a protection upgrade and absorbs the impact, lowering repair costs and potentially saving the lives of occupants or pedestrians. Bumpers are made of steel, wood, or rubberized fabric and come in a variety of sectional shapes, from flat to round, tubes to channels. Bumpers not only protect the vehicle's passengers, but they also aid to improve the vehicle's aesthetic. Automotive Bumper market is expected to register CAGR of approximately 4.1% during the forecast period. To know about the Research Methodology :- Request Free Sample Report
Automotive Bumper Market Dynamics:In terms of profitability and sales, the global automotive sector has seen tremendous expansion in developing countries. Automobile application areas such as bumpers are expected to transform the way complex automotive processes are schemed. In Europe and North America, there has been a growing emphasis on regulatory standards. Most countries outside of North America have now embraced international safety requirements, which were originally developed as European standards with UN cooperation. CAFE rules in the United States went into effect in 2021, requiring automobiles to average 34.1 miles per gallon. Increasing automation, a faster rate of technical and material improvements, and value chain integration are projected to be trends in the automotive bumper market in the next years. The car bumper market is estimated to reach a value of US$ 9 billion by the end of 2022. Automobile plastic bumpers are in high demand due to the huge increase in the production of passenger cars and commercial vehicles. According to OICA, commercial vehicle manufacturing has been steadily increasing around the world. Increased economic operations, such as the transfer of products, as well as a growing demand for local transportation, such as buses, are driving this expansion. Automobile sales are predicted to fall to around 70 million units in 2021, from over 80 million in 2021. The auto industry's two most important segments are commercial vehicles and passenger cars. In terms of both sales and manufacturing, China is one of the world's largest auto markets. In 2021, 56 million passenger cars were produced worldwide. Rising passenger car and commercial vehicle production are likely to move the market forward by creating new growth prospects for automotive plastic bumpers. As automotive sales are growing at slightly lower pace, Automotive Bumpers Market is expected to have some resistance in next 3-4 years.
Automotive Bumper Market Segment Analysis:Composite Plastic Bumpers is driving the Automotive Bumper Market: Because bumpers absorb energy, the materials used to produce them, such as plastic, composite materials, or fibres, must be particularly absorbent. From a few decades ago, steel and aluminium reinforcing bars, as well as springs or hydraulic components, were used to protect automobiles. Modern bumpers are made of moulded plastic, aluminium, and steel. Manufacturers chose high-performance plastic for bumper production because plastic is such an important component. To adopt product innovations, automotive plastic bumper manufacturers are investing in a research and development infrastructure. The development of automotive plastic bumpers is being carried out in order to improve the safety factor for both cars and pedestrians. Plastic Ominum, for example, has produced intelligent automotive plastic bumpers with built-in intelligence. This car's plastic bumper includes an integrated radar, a new front grille, and a better impact absorption and detecting system. This design also features a low weight, which helps to reduce carbon dioxide emissions, as well as an aerodynamic tailgate, increased personalisation, and safety. Increasing Emergence of Composites of Plastics in the Bumper Manufacturing: Because plastic is such a crucial component, manufacturers chose high-performance plastic for bumper production. Vehicles that use the correct lightweight, high-performance plastic can be more fuel efficient. Every ten percent reduction in vehicle weight is estimated to result in a 5 percent to 7 percent reduction in fuel consumption. Plastic has a low corrosion tendency, allowing for extended vehicle life, flexibility in reshaping and design, and recyclability. Polypropylene (PP) is a thermoplastic polymer that is commonly used in bumper production. PP accounts for 32% of all high-performance plastic required in a vehicle. ABS (Acrylonitrile Butadiene Styrene) is a copolymer that provides automotive body parts with resistance, toughness, and heat resistance. Polycarbonate (PC) is a material that combines stiffness, hardness, and toughness in a single package. It is highly suited for car bumpers due to the aforementioned qualities, and is thus widely utilised in the industry. Bumper Damage Stats in USA: According to the National Safety Council, over 20 million passenger vehicles are involved in crashes in the United States each year. Because many low-speed property-damage-only crashes are not reported to police or insurance, the precise number of vehicles involved is unknown. Nonetheless, data from American auto insurers shows that the vast majority of incidents resulting in vehicle damage happen at low speeds. Every year, more than 8% of modern model passenger vehicles sustain damage that results in insurance claims, with an average repair cost of more than $3,000 per claim. The average damage value is around $2,000, with the most typical amount being between $600 and $700. According to NHTSA Survey, 2021, 77% of respondents agreed that the bumper speed should be increased to 5 mph from the present 2.5 mph. When asked if the bumper standard should be applied to vehicles other than cars, 88% replied yes. In general, there was little difference between those who had recently been in small front or rear incidents and those who had not.
Automotive Bumper Market Regional Insights:In 2021, APAC dominated the market with 41.2% of market share as the automobile bumper sector in China is predicted to grow at the quickest rate in the area. To stay afloat in the industry, major regional firms such as Plastic Omnium, Magna International Inc., Hyundai Mobis, and others have formed relationships with capable merchants and distributors. Emerging economies such as South Africa, India, and Malaysia are likely to improve overall industry demand. SA's motor industry development programme saw significant growth. Various important suppliers are using marketing efforts and branding to raise awareness about innovative materials utilized in product manufacturing, which is projected to boost demand for automobile bumpers over the forecast period. The European Union is expected to be the world's biggest vehicle producer, assuming that this industry is a major contributor to their economy and GDP. A relatively significant number of talented workers is likely to be the primary driver of European innovation and knowledge in this area, as evidenced by their highest foreign R&D investment. By tightening its internal market laws, the European Commission intends to expand this industry even further. Delphi Automotive, GKN, and Valeo are some of the prominent players in the European region. The objective of the report is to present a comprehensive analysis of the Automotive Bumper market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Automotive Bumper market dynamics, structure by analyzing the market segments and project the Automotive Bumper market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Automotive Bumper market make the report investor’s guide.
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Automotive Bumper Market Report Coverage Details Base Year: 2021 Forecast Period: 2022-2029 Historical Data: 2017 to 2021 Market Size in 2021: US $ 3.65 Bn. Forecast Period 2022 to 2029 CAGR: 4.1% Market Size in 2029: US $ 5.03 Bn. Segments Covered: by Vehicle Type • Passenger cars • Commercial Vehicles • EVs • Others by Material • Metals • Composite plastics • Fibers by Positioning • Rear End Bumpers • Front End Bumpers by Sales Channel • OEM • Aftermarket by Region • North America (United States, Canada and Mexico) • Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) • Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) • Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) • South America (Brazil, Argentina Rest of South America)
Automotive Bumper Market Key Players• Plastic omnium SA • Magna international, Inc. • Futaba industrial co., ltd. • Toyoda gosei co., ltd • Hyundai mobis co., ltd. • Flex-n-gate corporation • Smp deutschland GmbH • Faurecia SA • Toray industries, Inc. • Toyota boshoku corporation • Plastic omnium • Yanfeng plastic omnium automotive exterior systems co. Ltd • Jiangnan mould & plastic technology co., ltd. • Venture otto SA (pty) ltd. • Ntf (india) private ltd • Fab fours, Inc. FAQ: 1] What segments are covered in the Automotive Bumper Market report? Ans. The segments covered in the Automotive Bumper Market report are based on Vehicle Type, Material, Sales Channel, and Positioning 2] Which region is expected to hold the highest share in the Automotive Bumper Market? Ans. Asia Pacific Region is expected to hold the highest share in the Automotive Bumper Market. 3] What is the market size of the Automotive Bumper Market in 2021? Ans. The market size of the Automotive Bumper Market in 2021 was valued at US $ 3.65 Bn. 4] Who are the top key players in the Automotive Bumper Market? Ans. Plastic omnium sa, Magna international, Inc., Futaba industrial co., ltd., Toyoda gosei co., ltd, Hyundai mobis co., ltd:, Flex-n-gate corporation, Smp deutschland gmbh, Faurecia sa, Toyota boshoku corporation, Toray industries, Inc., Toyota boshoku corporation, Plastic omnium, Yanfeng plastic omnium automotive exterior systems co. Ltd, Jiangnan mould & plastic technology co., ltd., Venture otto SA (pty) ltd., Ntf (india) private ltd, Fab fours, Inc. 5] What will be the market size of the Automotive Bumper Market in 2029? Ans. The market size of the Automotive Bumper Market is expected to be 5.03 Bn. By 2029
1. Global Automotive Bumper Market: Research Methodology 2. Global Automotive Bumper Market: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Automotive Bumper Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Automotive Bumper Market: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12. COVID-19 Impact 4. Global Automotive Bumper Market Segmentation 4.1. Global Automotive Bumper Market, by Vehicle Type (2021-2029) • Passenger cars • Commercial Vehicles • EVs • Others 4.2. Global Automotive Bumper Market, by Material (2021-2029) • Metals • Composite plastics • Fibers 4.3. Global Automotive Bumper Market, by Positioning (2021-2029) • Rear End Bumpers • Front End Bumpers 4.4. Global Automotive Bumper Market, by Sales Channel (2021-2029) • OEM • Aftermarket 5. North America Automotive Bumper Market(2021-2029) 5.1. Global Automotive Bumper Market, by Vehicle Type (2021-2029) • Passenger cars • Commercial Vehicles • EVs • Others 5.2. Global Automotive Bumper Market, by Material (2021-2029) • Metals • Composite plastics • Fibers 5.3. Global Automotive Bumper Market, by Positioning (2021-2029) • Rear End Bumpers • Front End Bumpers 5.4. Global Automotive Bumper Market, by Sales Channel (2021-2029) • OEM • Aftermarket 5.5. North America Automotive Bumper Market, by Country (2021-2029) • United States • Canada • Mexico 6. European Automotive Bumper Market (2021-2029) 6.1. European Automotive Bumper Market, by Vehicle Type (2021-2029) 6.2. European Automotive Bumper Market, by Material (2021-2029) 6.3. European Automotive Bumper Market, by Positioning (2021-2029) 6.4. European Automotive Bumper Market, by Sales Channel (2021-2029) 6.5. European Automotive Bumper Market, by Country (2021-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Automotive Bumper Market (2021-2029) 7.1. Asia Pacific Automotive Bumper Market, by Vehicle Type (2021-2029) 7.2. Asia Pacific Automotive Bumper Market, by Material (2021-2029) 7.3. Asia Pacific Automotive Bumper Market, by Positioning (2021-2029) 7.4. Asia Pacific Automotive Bumper Market, by Sales Channel (2021-2029) 7.5. Asia Pacific Automotive Bumper Market, by Country (2021-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Automotive Bumper Market (2021-2029) 8.1. Middle East and Africa Automotive Bumper Market, by Vehicle Type (2021-2029) 8.2. Middle East and Africa Automotive Bumper Market, by Material (2021-2029) 8.3. Middle East and Africa Automotive Bumper Market, by Positioning (2021-2029) 8.4. Middle East and Africa Automotive Bumper Market, by Sales Channel (2021-2029) 8.5. Middle East and Africa Automotive Bumper Market, by Country (2021-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. Latin America Automotive Bumper Market (2021-2029) 9.1. Latin America Automotive Bumper Market, by Vehicle Type (2021-2029) 9.2. Latin America Automotive Bumper Market, by Material (2021-2029) 9.3. Latin America Automotive Bumper Market, by Positioning (2021-2029) 9.4. Latin America Automotive Bumper Market, by Sales Channel (2021-2029) 9.5. Latin America Automotive Bumper Market, by Country (2021-2029) • Brazil • Argentina • Rest Of Latin America 10. Company Profile: Key players 10.1. Plastic Omnium SA 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Magna international, Inc. 10.3. Futaba industrial co., ltd. 10.4. Toyoda gosei co., ltd 10.5. Hyundai mobis co., ltd. 10.6. Flex-n-gate corporation 10.7. Smp deutschland GmbH 10.8. Faurecia SA 10.9. Toyota boshoku corporation 10.10. Toray industries, Inc. 10.11. Toyota boshoku corporation 10.12. Plastic omnium 10.13. Yanfeng plastic omnium automotive exterior systems co. Ltd 10.14. Jiangnan mould & plastic technology co., ltd. 10.15. Venture otto SA (pty) ltd. 10.16. Ntf (india) private ltd 10.17. Fab fours, Inc.