What is Automotive Bumpers?
An automotive bumper is a bar made of aluminum, fiberglass composite, steel which is attached to the vehicle's rear and front ends. It is designed in such a way that it absorbs impact in a collision at low speed. It is used to prevent damage to vehicle occupants with minimizes repair costs in case of an accident. It is also used for the attractive look of the vehicles. It protects the cooling system, hood, fuel, exhaust and also safety related to the equipment which includes headlamps, parking lights, and others. The rising number of accidents has also played an important role in positively impacting the growth of the market.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Toray Industries, Inc. (Japan), Toyota Boshoku Corporation (Japan), Faurecia SA (France), SMP Deutschland GmbH (Germany), Flex-N-Gate Corporation (United States), Hyundai Mobis Co., (South Korea), Toyoda Gosei Co., (Japan), Futaba Industrial Co., (China), Magna International (Canada) and Plastic Omnium SA. (France) |
The study covers a detailed analysis segmented by key business segments i.e. by type (Standard Bumper, Deep Drop Bumper, Roll Pan Bumper, Step Bumper and Tuber Bumper) and major geographies.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Automotive Bumpers market report suggests strategies that Manufacturers can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Manufacturers, some of them are Toray Industries, Inc. (Japan), Toyota Boshoku Corporation (Japan), Faurecia SA (France), SMP Deutschland GmbH (Germany), Flex-N-Gate Corporation (United States), Hyundai Mobis Co., (South Korea), Toyoda Gosei Co., (Japan), Futaba Industrial Co., (China), Magna International (Canada) and Plastic Omnium SA. (France).
On 2005, as per an article published by Automotive Research Association of India, the approval of a vehicle type with regard to the anchoring of front and rear bumpers
Influencing Trend:
Development of Bumper Airbag System
Market Growth Drivers:
Increasing Number of Accidents Worldwide, Rising Consumer Demand for High-End Products at Low Cost and Automotive Bumpers Increase Fuel Efficiency and Reduce Emissions
Restraints:
Lack of Skilled Labor in Industry
Opportunities:
Rising Demand from Emerging Economics Such as India, China and Others
Key highlights of the Global Automotive Bumpers market Study:
CAGR of the market during the forecast period 2022-2028
In-depth information on growth factors that will accelerate the Automotive Bumpers market in next few years.
Detailed Insights on futuristic trends and changing consumer behavior
Forecast of the Global Automotive Bumpers market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Manufacturers
Comprehensive information about factors that will challenge the growth of Automotive Bumpers Manufacturers
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Automotive Bumpers market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Automotive Bumpers market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes Manufacturers of Automotive Bumpers, Suppliers of Automotive Bumpers parts, Wholesalers, Distributors and Retailers of Automotive Bumpers, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.