An automotive bumper serves a dual purpose of protecting vehicle occupants and minimizing repair costs in case of an accident. The global automotive bumper market is driven by the growing automotive industry, increasing rate of accidents, rapid urbanization, and greater disposable income leading to a desire for personal mobility. A greater degree of automation, rapid rate of technological and material advancements, and the integration of value chains are anticipated to be trends in the automotive bumper market for some time to come. The automotive bumper market is predicted to push past a value of US$ 9 billion at the end of 2022.
Standard Bumpers a Preferred Option in the Automotive Bumper Market
Standard/ regular bumpers are the most popular choice in the automotive bumper market and they have a revenue share of almost half by product type segment in 2017. The standard/ regular bumper segment is on track to gain significant share over the course of the forecast period and key stakeholders in the automotive bumper market are advised to take this into account. The standard/ regular bumper segment could be worth more than US$ 4.2 billion by the end of the study period. Step bumpers are a distant second in the automotive bumper market and have a revenue share of approx. a sixth by product type segment. The step bumper segment is estimated to lose share over the next five years. The APEJ region is poised to contribute a major chunk in the step bumper market.
Plastic Bumpers Hold Majority Share in the Automotive Bumper Market
Plastic bumpers have a revenue share of more than half the raw material segment in the automotive bumper market and may gain share in the near future. The plastic bumper segment is likely to record a robust CAGR of more than 6% from 2017 to 2022 making it an attractive prospect for all companies in the automotive bumper market. The aluminum bumper segment has a revenue share of a third in the automotive bumper market. Aluminum has several advantages such as being relatively plentiful, lightweight, and durable, all of which will boost its appeal in the automotive bumper market. The APEJ aluminum bumper segment is the only one estimated to cross a value of one billion dollars by end 2022 and it should also record the highest CAGR during the period.
Focus on Compact and Mid-sized Passenger Cars in Automotive Bumper Market
Compact and mid-sized passenger cars have global appeal and companies are recommended to direct their investment towards these vehicle types in the automotive bumper market. Compact cars are desired in the APEJ region on account of their cost-effectiveness and fuel efficiency while mid-sized cars have greater appeal in Europe and North America. The APEJ compact vehicle segment is projected to be worth just under US$ 730 million in 2017 itself.
Competition Dashboard in the Automotive Bumper Market
A few of the most prominent companies in the automotive bumper market have been profiled in the report. They are Plastic Omnium SA, Magna International, Futaba Industrial Co., Toyoda Gosei Co., Hyundai Mobis Co., Flex-N-Gate Corporation, SMP Deutschland GmbH, Faurecia SA, Toyota Boshoku Corporation, and Toray Industries.
An automotive bumper is fitted to either the front or rear-end of a vehicle to absorb the impact of any collision and minimize repair costs. Persistence Market Research has conducted an objective, insightful and in-depth analysis of the automotive bumper market in its report ‘Automotive Bumper Market: Global Industry Analysis (2012-2016) and Forecast (2017-2022)’. The report helps provide the reader with a complete picture of the automotive bumper market and it contains meaningful discussions on the drivers, restraints, opportunities, and threats that impact the automotive bumper market. Furthermore, data evaluation across different parameters is carried out to arrive at accurate market forecasts with regards to the automotive bumper market. The competition landscape delivers all the necessary information on the competition key stakeholders can expect in the automotive bumper market along with the companies that shape the automotive bumper market.
Automotive Bumper Market Taxonomy
The first part of the automotive bumper market report talks about the executive summary and introduction. A brief outline and relevant market numbers can be expected in the executive summary section of the automotive bumper market report. The historical analysis for the four-year period ending in 2016 has been compared with the forecast period ending in 2022 to enable readers to make informed decisions in the automotive bumper market. The information about major markets in respect of revenue share and CAGR are provided herein. The introduction section focuses on the definition coupled with the taxonomy of the automotive bumper market and is perfect for readers who wish to understand the automotive bumper market at a micro-level.
The succeeding section of the automotive bumper market report highlights the key dynamics in the automotive bumper market following which there is information about the cost structure and pricing structure analysis. An assessment of the market participants in terms of intensity mapping concludes this vital section of the automotive bumper market report. The automotive bumper market has been segmented into product type, raw material, vehicle type, sales channel, and region. Key market numbers in the form of revenue comparison, Y-o-Y growth rates, and CAGR have been mentioned. The report has an equal emphasis on both developed as well as developing countries in the automotive bumper market.
The concluding portion of the automotive bumper market report includes the competition landscape in the form of an easy-to-understand dashboard. A company overview, product portfolio, financial information of the company, recent developments, and strategies both long and short-term have all been touched on. A SWOT analysis of the companies is possible and this gives report readers deep insights into the intricate workings of these influential organizations in the automotive bumper market. The competition landscape is a critical component of the automotive bumper market report as it can help both incumbents as well as new entrants in the automotive bumper market devise their market strategies effectively.