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 2027

ID: VPR/A&T/1060 Publishing Year: January 2022 Pages: 58 Format:   


Automotive Bumper Market Overview:

The Automotive Bumper Market is projected to grow from USD 8.2 Billion in 2020 to reach USD 12 Billion by 2027; it is expected to grow at a CAGR of 5.59% from 2020 to 2027.

A Bumper is a steel, aluminium, fibreglass composite, or plastic bar affixed to the vehicle's front and back ends in automobiles. It's made to take the brunt of an impact in a low-speed collision. Automobile Bumper regulations have been implemented to allow cars to withstand low-speed impacts without causing damage to the vehicle's safety systems. Bumpers are compulsory on all automobiles in most nations. The market's long-term growth will be largely determined by impending laws in various countries.

The volume and value of the Automotive Airbag Market are classified in the study. It offers a thorough examination and understanding of airbags. It also examines the automotive airbag market's main drivers, restraints, challenges, and opportunities. It also contains information on existing and developing market trends, as well as market forecasts for the years 2015-2020. The market's major participants have been identified and profiled.

Key Players:

  • 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)
  • JiangNanMould& Plastic Technology Co., Ltd. (Japan)
  • Venture Otto SA (Pty) Ltd. (South Africa)
  • NTF (India) Private Ltd (India)
  • Fab Fours, Inc. (U.S.).

Market Drivers:

The growing need for high-end products at low prices is propelling the Global Automobile Bumper Market Forward. It is projected to have a positive impact on market dynamics in terms of production. Changes in demographic trends, stringent regulatory safety scenarios, and fuel efficiency are the key drivers of the global market.

Furthermore, the inclusion of additional safety-related elements in standard forms of equipment in new models is fast expanding, increasing demand for Automotive Bumpers in vehicles.

Opportunities:

Vehicle manufacturing growth is inextricably connected to the expansion of automotive plastic bumpers. Commercial vehicles and passenger automobiles are both growing at the same time. The increase in the movement of various items as a result of increased economic activities around the world, as well as an increase in the demand for automobiles, has resulted in an increase in the need for Automotive Bumpers.

Market Segmentation:

Product, material design, and region may all be used to Segment the Worldwide Automobile Bumpers Market. There are five different types of Bumpers on the Market to fit each car. The typical bumpers found on the majority of vehicles and automobiles. The Deep Drop/Cowboy Bumper is a heavy-duty towing bumper that is often found on vintage trucks. On a custom compact truck, the Roll Pan Bumper can be found.

Regional Analysis:

The Automobile Bumper Market can be divided into five regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Due to the expansion of the Automobile Sector in the region and the strong presence of important Automotive Manufacturers in countries such as China, the Automotive Bumper Market in Asia Pacific is expected to rise at a substantial rate during the forecast period.

Covid-19 Impact:

Covid 19 is a global pandemic that has so far touched the majority of industries; it is expected to have long-term impacts that will have a negative impact on global industrial growth during the projected period. Following Covid 19, there have been significant changes in customer behaviour and demands, purchasing patterns, the importance of government involvement, supply chain re-routing, and the dynamics of the Automobile Bumper Market.



Frequently Asked Questions
Automotive Bumper Market is predicted to grow at 5.59% through forecast period of 2020-2027
By 2027, worth USD 12 Billion is estimated for the Automotive Bumper Market.
The growing need for high-end products at low prices is propelling the Global Automobile Bumper Market Forward.
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) JiangNanMould& Plastic Technology Co., Ltd. (Japan)Venture Otto SA (Pty) Ltd. (South Africa)NTF (India) Private Ltd (India) Fab Fours, Inc. (U.S.).

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