USD 12.2 Billion
Global Automotive Bumper Market Size, Share, Growth Analysis, By End User(OEM and Aftermarket), By Positioning(Front Ends and Rear Ends), By Materials(Composite Plastic, Metal) - Industry Forecast 2024-2031
Report ID:
SQMIG25A2243 |
Region:
Global |
Published Date: April, 2024
Pages:
225
|
Tables:
86 |
Figures:
76
Global Automotive Bumper Market Insights
Global Automotive Bumper Market size was valued at USD 12.2 Billion in 2022 and is poised to grow from USD 12.63 Billion in 2023 to USD 16.63 Billion by 2031, growing at a CAGR of 3.5% in the forecast period (2024-2031).
The automotive industry is witnessing significant changes driven by technological advances, safety regulations and consumer preferences. These factors affect the design, materials and performance of automotive bumpers. Strict safety regulations put in place by governments and regulatory agencies around the world are forcing automakers to equip their vehicles with advanced safety features. Bumpers play an important role in providing traction and protection to vehicles during collisions, leading to a high demand for technologically advanced and durable bumpers. With increasing emphasis on fuel efficiency and environmental sustainability, automakers are adopting lightweight materials such as composite plastics, carbon fiber and aluminum for bumpers. A lightweight bumper helps to reduce the vehicle’s overall weight, improve fuel efficiency and reduce emissions. Vehicle bumpers enhance vehicle safety and driving assistance features by integrating advanced technologies such as sensors, cameras and radar systems Bumpers with integrated sensors and cameras make it easier to assist vehicles in parking lots, accident avoidance and adaptive cruise control systems, drive the market growth.
Market snapshot - (2024-2031)
Global Market Size
Largest Segment
Front Ends
Fastest Growth
Rear Ends
Growth Rate
3.5% CAGR
Global Automotive Bumper Market ($ Bn)
Country Share for Asia Pacific Region (%)
Global Automotive Bumper Market By Positioning ($ Bn)
Global Automotive Bumper Market By Positioning (%)
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Global Automotive Bumper Market Segmental Analysis
The automotive bumper market segmentation, based on end user, includes OEM and aftermarket. The automotive bumper market segmentation, based on positioning, includes front ends and rear ends. The automotive bumper market segmentation, based on materials, includes composite plastic, metal, and fiber. By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World.
Analysis by Materials
The composite plastics segment will dominate the global market by 2022. Composite plastics, a copolymer, provide flexibility, stiffness and thermal resistance to automotive body parts and its blends are strong, durable and complexity are different. These characteristics make them ideal for automotive bumpers, and consequently they are widely used in the industry. Composite plastics including materials such as fiberglass-reinforced plastic (FRP), carbon fiber-reinforced plastic (CFRP), and thermoplastic polymers are widely used in automotive bumper construction especially in the front section These materials carry lightweight, flexible design and durability.
The metal segment is the fastest growing in the market. Cast iron, including steel, aluminum, and other alloys, is commonly used in the manufacture of automotive bumpers, especially for heavy-duty or high-performance vehicles. Steel bumpers provide strength, durability and performance which fits, and makes it suitable to withstand high impact forces. Steel bumpers are known for their strength and great rigidity, providing effective protection in rear collisions Properly designed steel bumpers can help insulate the rear body panels of the vehicle limit or minimize damage to, frames and components, and increase occupant safety.
Analysis by Positioning
The front ends segment dominated the global market in 2022. This can be explained by consumer preference for many aspects of the car including safety and luxury. Front-end bumpers are essential parts of a vehicle’s design and are an important part of protection against impact and scratches. Bumpers on the front side are designed to absorb impact energy, protect critical vehicle components (such as engine, radiator, headlights) and enhance pedestrian safety in the event of a collision.
Rear end is the fastest growing segment in the market. The rear end segment plays an important role in the design and aesthetics of all vehicles. The rear bumpers are designed to absorb and protect from shocks and improve the vehicle's aesthetics. They must support the characteristics of the vehicle that perform the primary function of protecting vehicle components and occupants in the event of a rear-end collision. Rear-end collisions are one of the most common types of car accidents, so rear bumpers are crucial for vehicle safety. The design and materials of the rear bumper, including steel, play an important role in absorbing torque and reducing vehicle structure and occupants.
Global Automotive Bumper Market By Positioning (%), 2022 (%)
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Global Automotive Bumper Market Regional Insights
Asia-Pacific dominates the global market with the presence of major automotive manufacturers in China, Japan, India and South Korea. China has become the largest automotive market in the world and is estimated to play a major role in influencing the global automotive bumper market forecast over the next few years. Findings from the latest car bumper market study show that government incentives to promote EVs and improve safety standards in China have impacted the market. Light and compact cars are the trend in India. In this market, budget-friendly bumpers are generally preferred. However, the demand for safety features is also growing. Also, automakers in Japan emphasize on technical and safety features for their vehicles, which can influence the design of bumpers. Japan also plays an important role in the global supply chain of bumper products and accessories.
North America has the most important auto industry in the United States. Global automotive bumper market estimates in the US. influence consumer demand for trucks, SUVs and crossovers. Bumper systems generally prioritize aesthetics and safety features. Stricter safety regulations from NHTSA and other agencies also affects the market. North America, particularly the United States and Canada, has strict safety regulations regarding vehicle design and service standards. This code mandates the use of advanced safety features, including shock-absorbing bumpers, to protect occupants and reduce the severity of a collision. Compliance with this Code for the adoption of highly technologically advanced bumpers in vehicles manufactured and sold in the region.
Global Automotive Bumper Market By Geography, (2024-2031)
- Largest
- Fastest
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Global Automotive Bumper Market Dynamics
Drivers
Composite Plastic Bumpers is Driving the Automotive Bumper Market
- Materials such as plastics, composites, or fibers must absorb energy primarily because bumpers absorb energy. Starting several decades ago, reinforcement was used with steel and aluminum, and spring or hydraulic protective equipment for vehicles. Modern bumpers are made of plastic, aluminum and wrought iron. The manufacturers chose a high-performance plastic material for the bumper because plastic is such an important material. To develop new products, automotive plastic bumper manufacturers invest in an R&D program. Automotive plastic bumpers are being developed to improve safety for vehicles and pedestrians.
- For example, plastic Ominim developed intelligent automotive plastic bumpers with intelligent inserts. The car's plastic bumper includes integrated radar, a new front grille, and an improved traction control and visibility system. This design also features low weight, which helps reduce carbon dioxide emissions, as well as an air-conditioned tailgate, personalization and improved safety.
Government Regulation of Automotive Bumpers
- Government regulation of global automotive bumper market is a major factor driving the growth of the automotive bumpers market. Government regulations play an important role in auto parts manufacturing. Rulers of various countries have implemented regulations to ensure that car bumpers do not increase damage but absorb more impact. For example, the Indian government passed a law banning the use of modified car bumpers. In various states, passenger cars are prohibited from altering or modifying the stock bumpers of their cars because modified bumpers can interfere with the design of the crumple zone. This raises the possibility that accidents will affect the passenger compartment, injury to the occupants of the vehicle is severe. In addition, developed countries such as the US. and European governing bodies have prohibited the use of metal balloons in passenger vehicles, as they cause serious injuries to pedestrians.
Restraints
High Cost of Manufacturing
- Increasing cost pressure for OEMs is a major restraint for global automotive bumper market growth. Manufacturing costs for OEMs are increasing due to the availability of new technologies and fabrics. Increasing competition among automakers to gain competitive advantage through product differentiation is forcing manufacturers to install side airbags in addition to front airbags. The use of side airbags requires flexibility in the number of total airbags deployed per vehicle, increasing ordering costs for OEMs. Adding side airbags increases the cost for OEMs by 50% to 70%. The adoption of curtain airbags increases the cost of vehicles, which vehicle OEMs are unable to pass on to customers due to increased competition Such measures reduce the profitability of OEMs and suppliers as they allocate pressure to reduce these airbags are priced higher in the overall value range.
Economic Uncertainty and Instability
- Economic uncertainty and volatility, including changes in GDP growth rates, exchange rates, and consumer spending patterns, may affect the automotive industry including market. During periods of economic slowdown or recession, customers can delay purchasing new vehicles or opt for cost-effective options to delay vehicle launches or they can, affecting demand for bumpers and related accessories. Furthermore, economic instability can lead to fluctuations in the prices of raw materials, affecting the overall cost of production and profitability for manufacturers and consequently the economy internal uncertainties significantly restrict the growth of global automotive bumper market.
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Global Automotive Bumper Market Competitive Landscape
The competitive environment of the global automotive bumper market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. Established organizations within the industry leverage techniques inclusive of product innovation, strategic partnerships, and mergers and acquisitions to strengthen their market position. Additionally, the market is witnessing elevated opposition from local and neighborhood producers supplying cost-powerful options.
Top Player’s Company Profiles
- Toyota
- General Motors
- Volkswagen
- Ford
- Mercedes-Benz
- BMW
- Hyundai
- Honda
- Tesla
- Peugeot
- Nissan
- Suzuki
- Fiat
- Porsche
- Volvo
- Lamborghini
- Audi
- Chevrolet
- Kia
- Renault
Recent Developments
- April 2022 The carbon fiber body fitted to the Ferrari 458 Speciale has been released by Novitek. The body kit includes a trunk lid side panel (set) with two fins, an air intake louvre side window, a cover for the taillights, a front spoiler lip, flaps for the front air guide, and more.
- In September 2021, Toyoda Gosei Co. Ltd. expanded TG Missouri Corporation, a U.S.-based company. a U.S.-based company. of one of its business capabilities to continue to grow its product lines in the key North American markets to meet the growing sales of such indoor and outdoor products as radiator grills, bumpers, etc., and safety system features such as airbags and steering wheel.
- In July 2021, Samvardhan Motherson Automotive Systems Group BV (SMRPBV) and Marelli Automotive Lighting signed an MOU to explore new partnerships in intelligently illuminated exterior body parts such as front grilles and bumpers, among other vehicle parts which can be illuminated.
Global Automotive Bumper Key Market Trends
- Composite Plastics Making a Big Appearance in Bumper Manufacturing: Since plastic is such an important material, manufacturers chose high-performance plastics for bumpers. Vehicles that use lightweight plastics that are suitable and efficient can be very fuel efficient. For every ten percent reduction in vehicle weight, it is estimated that fuel consumption decreases between 5 percent and 7 percent in terms of reproducibility and manufacture, and reusability. Polypropylene (PP) is a thermoplastic polymer commonly used in bumper construction. PP accounts for 32% of all high-performance plastics needed in automobiles. ABS (Acrylonitrile Butadiene Styrene) is a copolymer that makes automotive body parts more resilient, stronger and warmer. Polycarbonate (PC) is a material that combines stiffness, rigidity and toughness in one. Due to its features, it is ideally suited for automotive bumpers and therefore extensively used in the industry.
Global Automotive Bumper Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
The global automotive bumper market witnesses a steady growth driven by factors such as stricter safety regulations, technological advancements, increasing automobile manufacturing. Bumpers are an important component of vehicles, which contribute to enhance safety, they absorb impact during the crash and the overall beauty of the car. Key trends in the market include adoption of lightweight materials, integration of advanced technologies for safety and vehicle support products, and expansion of aftermarket segment for bumper replacement Industry focus new bumper systems that prioritize safety and aesthetics to meet regulatory requirements. Emerging markets, especially in Asia Pacific and Latin America, present attractive opportunities for market players due to high vehicle production and high disposable income but challenges such as raw materials price fluctuations, pricing pressures and supply disruptions may affect market development.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 12.2 Billion |
| Market size value in 2031 | USD 16.63 Billion |
| Growth Rate | 3.5% |
| Base year | 2023 |
| Forecast period | (2024-2031) |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Automotive Bumper Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Automotive Bumper Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Automotive Bumper Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Automotive Bumper Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Automotive Bumper Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Automotive Bumper Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Automotive Bumper Market Report Snapshots
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