Automotive Bumper Market Research Report - Global Forecast to 2027

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 2027

ID: MRFR/AM/2501-CR | September 2017 | Region: Global | 97 pages

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. 


According to the latest reports,The global automotive bumper market size has experienced a probable demand for the lightweight vehicle segment. According to the reports, the demand for lightweight vehicles has increased from the last few years from the end-user segments which in turn has put pressure on the manufacturers of the bumper for high production. The rise in demand for the automotive bumper in vehicles is due to its capacity of consuming fewer fuels and the reduction in emission rates. Moreover, the governments of developing countries have taken initiatives to control the emission rates and hence boosted the demand for automotive bumpers in the lightweight vehicles segment; it is designed in a flexible manner which is enough to decrease the risk of passenger’s injury. An automotive bumper is a composition that is attached to the rear ends and front of a motor vehicle, it absorbs most of the impact during a low-speed collision, in other words, it helps in minimizing the repair costs.


This report contains all the information on the global automotive bumper market research and the market strengths. The report also contains the culmination of dynamics, segmentation, key players, regional analysis, and other important factors. And a detailed analysis of the global automotive bumper market analysis and forecast to 2023 is also included in the report.


Covid 19 Analysis


Covid 19 is a global pandemic that has affected the majority of the industries so far, it is predicted that there will be long-term effects that can be seen as a negative impact on the growth of the global industry during the forecast period.  Post covid 19, there are considerate changes in the behavior patterns of the consumers and demands, the patterns of purchasing, the significance of the government’s interventions, re-routing of the supply chain, and the dynamics of the automotive bumper market.


Competitive landscape


The manufacturers of automotive bumpers are investing in researches and development of the platform to perform innovations in their products. The rise in developments of automotive bumper is basically to enhance the safety reminder for vehicles and for the pedestrians as well.


Major 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)

  • JiangNan Mould & Plastic Technology Co., Ltd. (Japan)

  • Venture Otto SA (Pty) Ltd. (South Africa)

  • NTF (India) Private Ltd (India)

  • Fab Fours, Inc. (U.S.).


Market Dynamic




  • Drivers




The increase in demand for high-end products at a very low cost is the major driver for the growth of the global automotive bumper market trends. It has expected to put positive impacts on the dynamics of the market in terms of production. The major drivers of the global market are the changes in the demographic trends, rigorous scenarios of regulatory safety, and economy of fuel.


Moreover, the addition of the extra safety-related features in the standard types of equipment in the new models is increasing rapidly which in turns increasing the demand for the automotive bumper in the vehicles




  • Opportunities




The growth in the production of vehicles is directly linked with the growth of automotive plastic bumpers. There is balanced growth of commercial vehicles and a passenger vehicle. The rise in transportation of various goods due to a rise in the activities of trading around the globe and simultaneously there has been a rise in the demand for the vehicles that causes a rise in the demand for automotive bumpers. 




  • Restraints




The rise in the prices of the materials such as composite plastic, fiber, steel, and aluminum is the major restraint of the global automotive bumper market growth. Along with that, the rise in demand for electric vehicles among the end-users is another major restraint of the global market. 




  • Challenges




The fluctuations in the cost prices of the raw material are predicted to hinder the growth of the market. The lack of awareness about the uses of different materials is considered as the major challenge for the growth of the global automotive bumper market outlook.


Cumulative Growth Analysis


The rise in population along with that rise in demand for vehicles is leading towards the increase in the production of automobiles. Car segments account for 75% of the total segment of automobiles and around 67% of the automotive bumper has been found in the application in cars which has further boosted the demand for manufacturing cars and eventually boosting the demand for the automotive bumper market.


Moreover, global car production is predicted to rise by an annual average rate of 3.5% in the period from 2013 to 2017. Furthermost, with the rise in the production of cars, the demand for the automotive bumper is likely to increase simultaneously by the OEMs.


Value Chain Analysis


According to the reports, the global automotive dumper market is segmented on the basis of material, by positioning, by end market, and by regions. On the basis of the material, the global market is segmented into composite plastic, metal, and fiber. The automotive bumper market is further segregated into aluminum, steel, fiberglass, and plastic. Previously the use of steel and aluminum or steel was high but now a day’s plastic and fiberglass are highly in demand due to the advantages of excessively lightweight. On the basis of positioning, the global automotive bumper market is segmented into front ends and rear ends.


Based on the end market segment, the global automotive bumper market share is segmented into OEM and aftermarket. The aftermarket segment is predicted to witness a magnificent growth during the forecast period due to the need for the replacements of the bumper of a vehicle after the vehicle experiences any accidents.Segmentation:


 Automotive Bumper Market Image


Segmentation Overview


The market is segmented on the basis of the material, by positioning, by end market, and by regions. The global automotive bumper market is expected to witness decent growth during the forecast period.


By Application


Based on the application, the market is segmented into composite plastic, metal and fiber.


By end-users


Based on the propulsion types, the market is segmented into OEM and aftermarket.


Regional Analysis


According to the reports, on the basis of the region, the global automotive bumper market is segmented into North America Europe, Asia Pacific, and the rest of the world. At present, the Asia pacific is influencing the market due to the rise in production of vehicles in developing countries such as India and China, this region is focused on raising the capacity of the production and hence driving the global automotive dumper market. Along with that, the rise in production of the vehicles and the low cost of manufacturing are other major factors that are boosting the growth of the market in the Asia Pacific region.


Additionally, the governments of these developing countries are intervened immediately and lowered the VAT rate on medium-sized vehicles and small-sized vehicles. Moreover, the rise in ongoing industrialization in the developing countries is increasing the production of the motor vehicles and other manufacturing outputs which eventually boost the demand for the automotive bumper market value.


Segmentation


By materials



  • Composite plastic

  • Metal

  • Fiber


By positioning



  • Front ends

  • Rear ends


By end market



  • OEM

  • Aftermarket


By regions



  • North America

  • Europe

  • Asia pacific

  • Rest of the world


 Report Overview


The following report comprises of –



  • Market overview 

  • Covid 19 Analysis

  • Market Dynamic

  • Drivers

  • Opportunities

  • Restraints 

  • Challenges

  • Cumulative Growth Analysis

  • Value Chain Analysis

  • Segmentation Overview 

  • By Application 

  • By End-Users

  • Regional Analysis

  • Competitive landscape


Recent Developments



  • The expansion of automotive industries in the European region including Delphi Automotive, Valeo, and GKN have implemented a positive impact on the European region. The developing countries including India and South Africa are predicted to boost the growth of the industry in the upcoming years.



Report Scope:
Report Attribute/Metric Details
  Market Size   2023: USD 14,489 Million
  CAGR   5.76% CAGR (2020-2027)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Material, Positioning, End Market
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   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.)
  Key Market Opportunities

  • 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
  •   Key Market Drivers

  • Increase in demand for high-end products at a very low cost
  • Changes in the demographic trends, rigorous scenarios of regulatory safety, and economy of fuel


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    Frequently Asked Questions (FAQ) :


    The automotive bumper market can thrive at 5.76% CAGR by 2023.

    The automotive bumper market can value at USD 14,489 Mn by 2023.

    NTF (India) Private Ltd (India), Venture Otto SA (Pty) Ltd. (South Africa), and Fab Fours, Inc. (U.S.) are some reputed companies in the automotive bumper market.

    The rise in demand for transport convenience can bolster the expansion of the global automotive bumper market.

    The high vehicular production capacity of APAC can support the expansion of the regional automotive bumper market.

    Metal, fiber, and composite plastics are used in the manufacturing of automotive bumper.