Automotive Bumper Paint Market: Definition and Introduction
An automotive bumper is a structure that is placed at the front as well as the rear end of a vehicle. The bumper protects the vehicle body and its occupants from low speed or minor collisions. The automotive bumper absorbs shock from crashes and minimizes damage to vehicle’s main body. Owing to their prominent placement on the vehicle’s body, automotive bumpers are not only used for vehicle protection, but also for making a style statement. Automotive bumper paint enhances the style and design quotient of the bumper. Automotive bumper paint also helps protect the surface of the bumper from scratches, stains, rust, corrosion, and other surface damage. Automotive bumper paints are used, both, at the factory level where OEMs produce components for new vehicle assembly, as well as in the aftermarket. The aftermarket use of automotive bumper paints is mostly a result of refurbishments that are carried out after crashes or upgrades carried out to suit individual customer tastes. Thus, automotive bumper paint is an important component in the overall automotive market.
Automotive Bumper Paint Market: Segmentation
On the basis of paint type, the automotive bumper paint market can be segmented as:
On the basis of base type, the automotive bumper paint market can be segmented as:
On the basis of bumper type, the automotive bumper paint market can be segmented as:
On the basis of end use, the automotive bumper paint market can be segmented as:
On the basis of application, the automotive bumper paint market can be segmented as:
Automotive Bumper Paint Market: Dynamics
Automotive bumper paint is subjected to various external conditions, and may also face a high impact situation in case of a collision. Thus, the automotive bumper paint needs to resist heat, corrosion, and scratches very well, and should also have high levels of strength to withstand external impacts. Customer expectations with regards to price and quality are ever increasing, and there an increasing need among automotive bumper paint manufacturers to provide best quality paint products in the most optimized prices. Water-based automotive bumper paint is fast gaining traction, as environmental concerns around the chemical composition of paints have increased. A proper understanding about the trends and forecasts of the automotive bumper paint market is very important for all stakeholders to stay well ahead of the competition. Automotive bumper paint is available in different finishes such as gloss or matte, to meet the varied demands of customers, and also in many colors and shades. Increasing automotive demand, especially passenger vehicles, is a key driver of the automotive bumper paint market.
Automotive Bumper Paint Market: Regional Outlook
The automotive bumper paint market is set to grow at a robust pace in the next 5 to 10 years, since the demand for both, passenger and commercial vehicles is expected to witness significant growth, especially in the emerging economies of Asia Pacific. China is set to witness significant demand for automotive bumper paint, in line with its huge automotive market, in terms of both, OEM and aftermarket sales. China possesses the biggest automotive manufacturing industry in the world, and the demand for automotive bumper paint will be driven by the ongoing high consumption levels of commercial and also passenger vehicles. The commercial vehicles segment is also projected to be a prominent segment in the automotive bumper paint market during the forecast period. Another key country for the automotive bumper paint market is India, with a fast growing economy and large automotive demand. Europe and North America have traditionally been stable markets for automotive bumper paint, and is expected to continue to witness steady growth. Germany is expected to lead the automotive bumper paint market in Europe. The U.S. continues to remain the largest market for automotive bumper paint in North America.
Automotive Bumper Paint Market: Market Participants
Some of the market players identified in the automotive bumper paint market include:
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, paint type, base type, bumper type, end use, and application.
The report covers exhaustive analysis on:
Regional analysis includes:
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment. The report also maps the qualitative impact of various market factors on market segments and geographies.