What is Car Bumpers Market?
A car bumper is a structure attached to or integrated with the front as well as rear ends of a car, to absorb impact in a minor collision, ideally reducing repair costs. It also protects the expensive parts of a car including main engine parts, radiators, headlights, connected cooling mechanism, taillights, among others, by slowing down the car. Most modern cars use a reinforced thermoplastic bumper, as they are cheap to manufacture, easy to fit as well as absorb more energy during a crash. A majority of car bumpers are custom made for a particular model. Car bumpers also enhance the car’s appearance. Many companies now offering alternative designs in thermoplastic, with a range of fittings designed for different models.
Highlights from Car Bumpers Market Study
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Plastic Omnium (France), Magna (Canada), SMP (Germany), Tong Yang (Taiwan), Hyundai Mobis (South Korea), KIRCHHOFF Automotive GmbH (Germany), HuaYu Automotive Systems Company Limited (China), Seoyon E-Hwa (South Korea), Flex-N-Gate Corporation (United States) and TOYODA GOSEI CO., LTD. (Japan) |
The competitive rivalry among the players is high owing to the rapid growth in car production from Asia Pacific regions. Some of the major players are focusing on product innovation in order to cater the innovative products as per the market necessities. By knowing the rapid demand from car manufacturers, the prominent players are expanding their manufacturing plants in order to meet the demand and supply side. Research Analyst at AMA predicts that Chinese and South Korean Vendors will contribute to the maximum growth of Global Car Bumpers market throughout the forecasted period.
Plastic Omnium (France), Magna (Canada), SMP (Germany), Tong Yang (Taiwan), Hyundai Mobis (South Korea), KIRCHHOFF Automotive GmbH (Germany), HuaYu Automotive Systems Company Limited (China), Seoyon E-Hwa (South Korea), Flex-N-Gate Corporation (United States) and TOYODA GOSEI CO., LTD. (Japan) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Jiangnan MPT (China), Rehau (Switzerland), Ecoplastic Corp. (South Korea) and Zhejiang Yuanchi Plastic Co Ltd (China). Car Bumpers Market Segmentation:
Scope | Sub-Segments |
---|
Application / End User | Luxury Car, Executive Car, Economical Car, Sports Utility Vehicle (SUV) and Multi Utility Vehicle (MUV) |
Type | Front Bumper and Rear Bumper |
Sales Channel | OEM,Aftermarket |
Material Type | Plastic {Polyester, polypropylene},Metal {steel, aluminum} |
On the basis of geography, the market of Car Bumpers has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Development Of Smart Automotive Bumpers
Market Growth Drivers:
A Rising Vehicle Production Across The Globe, Increasing Accidents Worldwide and The Stringent Government Regulations Regarding Safety & Security
Restraints:
A High Cost Associated With Car Bumpers Repairing
Opportunities:
A Rising Vehicle Production In Asia Pacific Region
Key Target Audience
Car Bumpers Manufacturers, Car Bumpers Distributors/Traders/Wholesalers, Car Bumpers Subcomponent Manufacturers, Industry Association, Downstream Vendors, Industry Association and Downstream Vendors
In 2018, Rehanu, a leading car bumper manufacturer has announced to build a car bumper manufacturing plant in Újhartyán, Hungary with the investment of 150 million Euros. This 63,000m2 facility, the company’s second plant in the country, will manufacture bumpers and other parts primarily for Daimler which is expanding vehicle production nearby.