What is Plastic Bumpers Market?
A plastic bumper is a structure attached to or integrated with the front and rear ends of a motor vehicle, to soak up impact in a minor collision, ideally reducing repair costs. Most recent cars use a reinforced thermoplastic bumper, as they are low-cost to manufacture, easy to fit as well as absorb more energy during a crash. A majority of automotive bumpers are custom made for a particular model. Many companies currently offer various styles in thermoplastic, with a range of fittings designed for various models. Based on the vehicle, the market has been classified into passenger vehicle and commercial vehicle.
The market study is being classified by Type (Front Bumper and Rear Bumper), by Application (Passenger Vehicle and Commercial Vehicle) and major geographies with country level break-up.
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).
Research Analyst at AMA predicts that Chinese, South Korean Vendors will contribute to the maximum growth of Global Plastic Bumpers market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Plastic Bumpers market by Type, Application and Region.
On the basis of geography, the market of Plastic 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.
Market Drivers
- The Growing Vehicle Production Across The Globe
- Increasing Accidents Worldwide
- The Stringent Government Regulations Regarding Safety & Security
- The Rising Popularity of Plastic Bumpers For Vehicles
Market Trend
- Development Of Smart Automotive Bumpers
Restraints
- Availability of Other Material Bumpers
Opportunities
- The Rising Vehicle Production In Asia Pacific Region
On 16 Jan 2018, Plastic Omnium, a leading plastic bumpers manufacturer has presented its latest innovations at NAIAS DETROIT Auto Show 2018. Plastic Omnium has developed more intelligent bumpers with embedded intelligence with features such as integrated radar, innovative front grille, and impact detection & absorption system.
Key Target Audience
Plastic Bumpers Manufacturers, Plastic Bumpers Raw Material Suppliers, Plastic Bumpers Traders/Distributors, Plastic Bumpers Importer/Exporter, Regulatory Bodies, Government Bodies and Industry Associations