Metal Bumper Market Scope
A metal bumper or shield is a structure integrated with or attached to the front and rear ends of the motor vehicle, to absorb the impact in a minor collision, ideally minimizing the repair costs. Stiff kinds of metal bumpers appeared on the automobiles in past years where they had a mainly ornamental function. Numerous improvements, developments in materials and technologies, as well as a greater focus on the functionality for protecting the components of the vehicle and improving safety have changed the metal bumpers over the years. Metal bumpers ideally minimize the height mismatches between the vehicles and protect pedestrians from several injuries. Various regulatory measures have been enacted for reducing the vehicle repair costs and, recently, impact on the pedestrians.
According to AMA, the Global Metal Bumper market is expected to see growth rate of 14.0%The market is fragmented by key vendors who are focusing on production technologies, improving efficiency and shelf life. Growth opportunities can be captured by tracking the ongoing process improvement and financial flexibility to invest in optimal strategies Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Metal Bumper market throughout the predicted period.
Benteler Automobiltechnik GmbH (Germany), Van-Rob (Canada), Plastic Omnium (France), Faurecia SA (France), Flex-N-Gate Corp (United States), Motherson (India), Bumper World (United States), Futaba Industrial (India), Magna International (Canada) and Toyoda Gosei (Japan) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Iron Cross Automotive, ARB, Go Rhino, Rehau, Westin Automotive, Hyundai Mobis and Wanxiang Group.
Segmentation Overview
The study have segmented the market of Global Metal Bumper market by Type (Front Bumper, Rear Bumper, Step Bars and Others), by Application (Truck, SUV, Sedan and Others) and Region with country level break-up.
On the basis of geography, the market of Metal Bumper 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).
Influencing Trend:
Technological advancements in the designing and other processes
Market Growth Drivers:
Consistent rise in vehicle production, Increasing number of accidents due to a lack of safety precautions and Increasing incidences of vehicle breakdown
Challenges:
Availability of substitute or some advancement in the automotive parts
Restraints:
High cost associated with the material and products
Opportunities:
Increasing efforts being undertaken to develop improved materials for usage in metal bumpers and Stringent regulations being laid down by governments of various nations across the world for ensuring increased safety and security
Market Leaders and their Expansionary Development Strategies
In December 2023, JSW Steel on announced that its wholly-owned subsidiary Periama Holdings LLC has acquired the remaining 10 per cent stake in JSW Steel (USA) Inc. Now, JSW USA has become a wholly-owned subsidiary of Periama and a step-down wholly-owned subsidiary of JSW Steel
In March 2020,Mahindra has finally launched a mild facelift version of the Bolero with BS6-compliance in the Indian market. Surprisingly, the transition from BS4- to BS6-compliance has resulted in no price hike for the Bolero, and Mahindra is still offering the SUV at a base price of Rs 7.98 lakh
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.