Global Automotive Front End Module Market

Automotive Front End Module Market Size, Share, Growth Analysis, By Material(Metals, Composites, Plastics, Hybrids), By Component(Radiators, Motor Fans, Condensers, Internal Air Coolers), By Vehicle Type(Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles), By Region - Industry Forecast 2024-2031


Report ID: SQMIG25A2195 | Region: Global | Published Date: March, 2024
Pages: 178 |Tables: 109 |Figures: 72

Automotive Front End Module Market Insights

Global Automotive Front End Module Market size was valued at USD 125 billion in 2022 and is poised to grow from USD 131.25 billion in 2023 to USD 193.92 billion by 2031, growing at a CAGR of 5% in the forecast period (2024-2031).

An automotive front end module (FEM) is a modular assembly that combines various components at the front of a vehicle. It typically includes the radiator, cooling fan, condenser, headlights, front grille, and other related parts. The automotive front end module allows automotive companies to streamline their manufacturing process and improve the crash protection of their vehicles while maintaining efficiency as well. Increasing focus on sustainability has resulted in the implementation of strict emission mandates for vehicles, which is why automotive front end module companies are focusing on building automotive front end modules that are made from lightweight materials and modular as well to improve repairability. High demand for electric vehicles and focus on improving their range will also create new opportunities for automotive front end module suppliers in the long run.

Market Snapshot - 2024-2031

Global Market Size

USD 125 billion

Largest Segment

Composites

Fastest Growth

Metals

Growth Rate

5% CAGR

Global Automotive Front End Module Market ($ Bn)
Country Share for Europe Region (%)

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Automotive Front End Module Market Segmental Analysis

The global automotive front end module market is segmented based on material, vehicle type, component, and region. In terms of material, the market is segmented into metals, composites, plastics, hybrids, and others. Based on component, the market is bifurcated into radiators, motor fans, condensers, internal air coolers, radiator core support, oil coolers, headlights, front grills, front active grills, bumpers, horn assembly, fenders, hose assembly, bracket assembly, bumper beams, cruise control sensors, crash sensors, night vision sensors, park assist, and others. On the basis of vehicle type, the market is segmented into passenger cars, light commercial vehicles, and heavy commercial vehicles. Based on region, the market is segmented into Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa.

Analysis by Material

The composite segment is predicted to hold a dominant market share in the automotive front end module market. Cost-effectiveness of this material is what allows it to hold a high market share. Composites, such as reinforced plastics, are known for their lightweight properties and emphasis on lightweight automotive components increases, it is slated to benefit the market share of this segment over the coming years. Composite automotive front end modules are also eco-friendly and compliant with modern emission and sustainability mandates.

Demand for metals in the global automotive front end module market is slated to increase at a notable pace over the coming years. High strength and durability of metals allows them to emerge as a preferred choice of material for automotive front end module manufacturing around the world. Increasing emphasis on vehicle safety owing to the rising cases of road accidents around the world is estimated to uplift the growth in this segment across the forecast period and beyond.

Analysis by Vehicle Type

The passenger car segment is expected to hold a dominant share in the automotive front end module market over the coming years. Passenger cars are widely popular among consumers globally, and there is a continuous demand for new and innovative features in this segment. As a result, manufacturers focus on enhancing the aesthetics, safety, and functionality of front-end modules in passenger cars to meet customer expectations. All such factors are aiding the passenger car segment to hold dominant market share throughout the study period.

The commercial vehicle segment is anticipated to witness rapid growth during the forecast period due to several key factors such as regulatory changes, technological advancements, and the evolving needs of the logistics and transportation industry. The growth in commercial vehicle demand is closely tied to economic development and infrastructure projects. As economies across the globe expand, there is an increasing need for the transportation of goods and materials, driving the demand for commercial vehicles equipped with front-end modules.

Global Automotive Front End Module Market By Material, 2022 (%)

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Automotive Front End Module Market Regional Insights

Europe holds a dominant share of the global automotive front end module market. This can be attributed to the presence of strict vehicle safety standards, technological innovation, and a strong automotive manufacturing base in this region. European countries such as the United Kingdom and Germany have a reputation for having some of the strictest safety regulations in the automotive industry. Front end modules play a pivotal role in ensuring pedestrian as well as driver safety, which is why their demand in Europe is slated to soar high going forward.

The demand for automotive front end modules in the Asia Pacific region is expected to increase at a rapid pace during the forecast period. Rapidly expanding automotive manufacturing activity, increasing disposable income levels, and rising sales of electric vehicles contribute to the rapid growth in this region. The Asia Pacific region is a hub for the automotive industry, with countries including China, India, Japan, and South Korea experiencing significant growth in automobile manufacturing. As the demand for vehicles rises, the sales of front end modules in Asia Pacific are expected to grow at a parallel pace.

Global Automotive Front End Module Market By Region, 2024-2031
  • Largest
  • Fastest

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Automotive Front End Module Market Dynamics

Drivers

  • High Focus on Improving Vehicle Efficiency

Automotive companies around the world are focusing on efforts to improve the efficiency of their vehicles to comply with modern emission mandates and this is slated to bolster the demand for lightweight automotive front end modules going forward.

  • Efforts to Improve Crashworthiness

Automotive front end module is the first line of defense for a vehicle in crash and this is why companies are continually investing research and development to improve the crashworthiness of this component. Use of advanced technologies for design and manufacture will create new opportunities for automotive front end module providers.

Restraints

  • Development Complexity and Expenses

Developing good automotive front end modules can be a quite capital-intensive task as it requires extensive investments in research. Some companies might not be willing to spend on the complex process of developing and making automotive front end modules, which is what limits market growth to a certain extent.

  • High Development Costs

Automotive front end modules are rigorously tested in multiple environments to ensure their strength in various scenarios. This results in a lengthy time and capital consuming process, which restrains manufacturers from investing in it and thereby slowing down market development.

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Automotive Front End Module Market Competitive Landscape

Established automotive front end module companies leverage their expertise in engineering, manufacturing, and supply chain management to maximize their business scope and bolster sales growth. Market players are projected to focus on using lightweight and sustainable materials to comply with modern emission mandates being implemented by governments around the world. automotive front end module suppliers are also slated to opt for mergers, acquisitions, collaborations, and partnerships to amplify their business scope on a global level. Manufacturing cost optimization and investments in R&D are also key areas where most automotive front end module companies will invest in the future.

Top Player’s Company Profiles

  • SL Corporation
  • Minda Vast Access Systems Pvt. Ltd.
  • Magna International Inc.
  • Hanon Systems
  • Montaplast GmbH
  • Denso Corp.
  • Aisin Seiki Co. Ltd.
  • Mitsui Mining and Smelting Co. Ltd.
  • Plastic Omnium
  • Arkal Automotive
  • HBPO Group
  • SMRPBV
  • Batsons Industries
  • WHEEL MOVERS (INDIA) PVT. LTD.
  • Inteva Products
  • Samvardhana Motherson Group

Recent Developments

  • Plastic Omnium, a renowned supplier of plastic automotive components based in France, announced that it had completely acquired HBPO Group in August 2022. The company acquired the remaining 33.33% stake in HBPO from Hella KGaA Hueck & Co.
  • In May 2021, Samvardhana Motherson Group, a leading name in the automotive components business, announced that it had completed the acquisition of the majority stake in Turkish company called Plast Met Group.

Automotive Front End Module Key Market Trends

  • Adoption of Advanced Manufacturing Technology: Companies creating automotive front end modules can focus on the adoption of advanced manufacturing technologies in their facilities to improve profitability and revenue generation potential. Additive manufacturing and the adoption of automated manufacturing techniques will create new opportunities for automotive front end module suppliers in the long run.

Automotive Front End Module 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.

As per our analysis, the global demand for automotive front end module is projected to be driven on the back of rapidly expanding automotive production activity around the world. Increasing implementation of stringent vehicle emission mandates to reduce greenhouse gas emissions is slated to promote the use of lightweight materials in automotive front end module manufacturing going forward. However, the high initial costs of development and manufacturing automotive front end module are slated to limit market growth across the forecast period. Europe is slated to account for a dominant share of global automotive front end module demand owing to the presence of key automotive manufacturers in this region. Market players can utilize advanced manufacturing technologies to enhance the performance and profitability of automotive front end module business in the long run.

Report Metric Details
Market size value in 2022 USD 125 billion
Market size value in 2031 USD 193.92 billion
Growth Rate 5%
Base year 2023
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Material
    • Metals, Composites, Plastics, Hybrids, and Others
  • Component
    • Radiators, Motor Fans, Condensers, Internal Air Coolers, Radiator Core Support, Oil Coolers, Headlights, Front Grills, Front Active Grills, Bumpers, Horn Assembly, Fenders, Hose Assembly, Bracket Assembly, Bumper Beams, Cruise Control Sensors, Crash Sensors, Night Vision Sensors, Park Assist, and Others
  • Vehicle Type
    • Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles
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
  • SL Corporation
  • Minda Vast Access Systems Pvt. Ltd.
  • Magna International Inc.
  • Hanon Systems
  • Montaplast GmbH
  • Denso Corp.
  • Aisin Seiki Co. Ltd.
  • Mitsui Mining and Smelting Co. Ltd.
  • Plastic Omnium
  • Arkal Automotive
  • HBPO Group
  • SMRPBV
  • Batsons Industries
  • WHEEL MOVERS (INDIA) PVT. LTD.
  • Inteva Products
  • Samvardhana Motherson Group
Customization scope

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  • Market dynamics & outlook
  • Region

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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 Automotive Front End Module 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
  • 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 Automotive Front End Module 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
  • 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
  • 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(%)

Methodology

For the Automotive Front End Module 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 Automotive Front End Module 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 Automotive Front End Module Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Automotive Front End Module 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.

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FAQs

Automotive Front End Module Market size was valued at USD 125 billion in 2022 and is poised to grow from USD 131.25 billion in 2023 to USD 193.92 billion by 2031, growing at a CAGR of 5% in the forecast period (2024-2031).

Established automotive front end module companies leverage their expertise in engineering, manufacturing, and supply chain management to maximize their business scope and bolster sales growth. Market players are projected to focus on using lightweight and sustainable materials to comply with modern emission mandates being implemented by governments around the world. automotive front end module suppliers are also slated to opt for mergers, acquisitions, collaborations, and partnerships to amplify their business scope on a level. Manufacturing cost optimization and investments in R&D are also key areas where most automotive front end module companies will invest in the future. 'SL Corporation', 'Minda Vast Access Systems Pvt. Ltd.', 'Magna International Inc.', 'Hanon Systems', 'Montaplast GmbH', 'Denso Corp.', 'Aisin Seiki Co. Ltd.', 'Mitsui Mining and Smelting Co. Ltd.', 'Plastic Omnium', 'Arkal Automotive', 'HBPO Group', 'SMRPBV', 'Batsons Industries', 'WHEEL MOVERS (INDIA) PVT. LTD.', 'Inteva Products', 'Samvardhana Motherson Group'

High Focus on Improving Vehicle Efficiency

Adoption of Advanced Manufacturing Technology: Companies creating automotive front end modules can focus on the adoption of advanced manufacturing technologies in their facilities to improve profitability and revenue generation potential. Additive manufacturing and the adoption of automated manufacturing techniques will create new opportunities for automotive front end module suppliers in the long run.

Europe holds a dominant share of the automotive front end module market. This can be attributed to the presence of strict vehicle safety standards, technological innovation, and a strong automotive manufacturing base in this region. European countries such as the United Kingdom and Germany have a reputation for having some of the strictest safety regulations in the automotive industry. Front end modules play a pivotal role in ensuring pedestrian as well as driver safety, which is why their demand in Europe is slated to soar high going forward.

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Global Automotive Front End Module Market

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