Automotive Bumper Market By Type (Standard Bumper, Deep Drop Bumper, Roll Pan Bumper, Step Bumper, Tube Bumper), By Material (Steel, Aluminum, Fiber, Plastic), By Vehicle Type (Passenger Vehicle, Commercial Vehicles): Global Opportunity Analysis and Industry Forecast, 2023-2032
An automotive bumper is a structure that is connected to or integrated with the front & rear ends of the vehicle. Bumpers play an important role in absorbing the impact during collisions. The bumpers cannot reduce the effect of impact at high speeds but they can reduce the injury caused to the pedestrians. The bumpers also protect other crucial vehicle components such as the hood, fuel system, exhaust, and cooling system. Apart from the safety feature, the automotive bumper is also used for aesthetic enhancement.
The global automotive bumper market is driven by increase in sales of automobiles globally, increase in customer demand for advanced safety features, and strengthening safety regulations. Technological advancement and the use of composite materials, and growing trend toward lightweight components are anticipated to provide lucrative growth opportunities for the market. On the contrary, fluctuation in the price of raw materials and increasing trend towards EV are expected to hinder the market growth rate during the forecast period.
In recent years, there has been an increase in customer inclination toward advanced safety features in automobiles. The demand for cutting-edge safety features is increasing due to technological advancement in the automobile industry and increase in automobile safety standards, strengthening government regulations, and an increase in customer spending towards safety features.
Additionally, the growth in autonomous and self-driving technology has helped in reducing transit time, reducing traffic congestion, and improving overall traffic flow, leading to faster and more efficient travel. However, these technologies are still in their infant stage, and there are skeptical concerns regarding this advanced technology's reliability and theirlikelihood of collisions. Customers and automobile manufacturers are more inclined towards the safety features in autonomous and self-driving vehicle technology. Thus, growing research and development activities for the development of advanced safety features is increasing which is likely to create demand for automotive bumpers during the forecast period.
Furthermore, there has been an increasing trend toward the use of lightweight components in automobiles, due to their ability to significantly reduce vehicle weight and thereby enhance safety, fuel economy, and emissions. For an average vehicle about 80% of the vehicle weight consist of body, chassis, motor, and other external components. Majority of the automobile manufacturers are concentrating on these parts in order to reduce total weight.
According to studies by the U.S. Department of Energy, a 10% reduction in vehicle weight can lead to a 6-8% reduction in fuel consumption and a 5-6% reduction in emission volume. Automobile bumper manufacturers are focusing on manufacturing of lightweight vehicle components including automotive bumpers. Thus, the growing trend towards the use of light components in automobiles is anticipated to provide lucrative growth opportunities.
However, the production costs of automobile bumpers are significantly affected by fluctuations in the price of raw materials such as plastic, aluminum, and steel. These raw materials are crucial for the production of automotive bumpers. Due to the depletion of mineral reserves and a declining quantity of metals accessible from ores, there is a shortage in iron and aluminum production, which increases the overallproduction costs of automotive bumpers. Additionally, the global demand for plastic, iron, and aluminum is exceeding the overall raw materialsupply, creating a shortage that is potentiallyleadingto the fluctuation in its price.
For instance, in recent years, the prices for raw materials, primarily aluminum, have grown immensely due to supply chain disruption during the COVID-19 pandemic and the impact of the Russia-Ukraine war. Aluminum is the third most traded metal, and its major manufacturers are China, Russia, Canada, and UAE. The shortage and fluctuation in the prices of this raw material are anticipated to hinder the market growth during the forecast period.
The global automotive bumpers market is segmented on the basis of type, material and vehicle type. On the basis of type, the market is segmented into standard bumper, deep drop bumper, roll plan bumper, step bumper, and tube bumper. Based on material, the market is analyzed into steel, aluminum, fiber and plastic. By vehicle type, the market is segmented into passenger vehicle and commercial vehicle. Region wise, the market is analyzed into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa.
The key companies profiled in the report include TOYODA GOSEI Co., Ltd., FORVIA Faurecia, TOYOTA BOSHOKU CORPORATION, SMP Deutschland GmbH, Flex-N-Gate Corporation, Plastic Omnium, MONTAPLAST GmbH, WARN International Ltd, NTF GROUP, and KIRCHHOFF Group.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the automotive bumper market analysis from 2022 to 2032 to identify the prevailing automotive bumper market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the automotive bumper market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global automotive bumper market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
Deep Drop Bumper
Roll Pan Bumper
Step Bumper
Tube Bumper
Standard Bumper
By Material
Steel
Aluminum
Fiber
Plastic
By Vehicle Type
Passenger Vehicle
Commercial Vehicles
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Spain
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
Latin America
Brazil
Argentina
Rest of Latin America
Middle East and Africa
Gcc Countries
South Africa
Rest of Middle East And Africa
Key Market Players
Toyoda Gosei Co., Ltd.
FORVIA Faurecia
TOYOTA BOSHOKU CORPORATION
SMP Deutschland GmbH
Flex-N-Gate Corporation
Plastic Omnium
montaplast gmbh
NTF GROUP HOLDING
KIRCHHOFF Group
WARN International Ltd
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- CHAPTER 1: INTRODUCTION
- 1.1. Report description
- 1.2. Key market segments
- 1.3. Key benefits to the stakeholders
- 1.4. Research methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models
- CHAPTER 2: EXECUTIVE SUMMARY
- 2.1. CXO perspective
- CHAPTER 3: MARKET OVERVIEW
- 3.1. Market definition and scope
- 3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
- 3.3. Porter’s five forces analysis
- 3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.2. Restraints
- 3.4.3. Opportunities
- CHAPTER 4: AUTOMOTIVE BUMPER MARKET, BY TYPE
- 4.1. Overview
- 4.1.1. Market size and forecast
- 4.2. Standard Bumper
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
- 4.3. Deep Drop Bumper
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
- 4.4. Roll Pan Bumper
- 4.4.1. Key market trends, growth factors and opportunities
- 4.4.2. Market size and forecast, by region
- 4.4.3. Market share analysis by country
- 4.5. Step Bumper
- 4.5.1. Key market trends, growth factors and opportunities
- 4.5.2. Market size and forecast, by region
- 4.5.3. Market share analysis by country
- 4.6. Tube Bumper
- 4.6.1. Key market trends, growth factors and opportunities
- 4.6.2. Market size and forecast, by region
- 4.6.3. Market share analysis by country
- CHAPTER 5: AUTOMOTIVE BUMPER MARKET, BY MATERIAL
- 5.1. Overview
- 5.1.1. Market size and forecast
- 5.2. Steel
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
- 5.3. Aluminum
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
- 5.4. Fiber
- 5.4.1. Key market trends, growth factors and opportunities
- 5.4.2. Market size and forecast, by region
- 5.4.3. Market share analysis by country
- 5.5. Plastic
- 5.5.1. Key market trends, growth factors and opportunities
- 5.5.2. Market size and forecast, by region
- 5.5.3. Market share analysis by country
- CHAPTER 6: AUTOMOTIVE BUMPER MARKET, BY VEHICLE TYPE
- 6.1. Overview
- 6.1.1. Market size and forecast
- 6.2. Passenger Vehicle
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
- 6.3. Commercial Vehicles
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country
- CHAPTER 7: AUTOMOTIVE BUMPER MARKET, BY REGION
- 7.1. Overview
- 7.1.1. Market size and forecast By Region
- 7.2. North America
- 7.2.1. Key market trends, growth factors and opportunities
- 7.2.2. Market size and forecast, by Type
- 7.2.3. Market size and forecast, by Material
- 7.2.4. Market size and forecast, by Vehicle Type
- 7.2.5. Market size and forecast, by country
- 7.2.5.1. U.S.
- 7.2.5.1.1. Market size and forecast, by Type
- 7.2.5.1.2. Market size and forecast, by Material
- 7.2.5.1.3. Market size and forecast, by Vehicle Type
- 7.2.5.2. Canada
- 7.2.5.2.1. Market size and forecast, by Type
- 7.2.5.2.2. Market size and forecast, by Material
- 7.2.5.2.3. Market size and forecast, by Vehicle Type
- 7.2.5.3. Mexico
- 7.2.5.3.1. Market size and forecast, by Type
- 7.2.5.3.2. Market size and forecast, by Material
- 7.2.5.3.3. Market size and forecast, by Vehicle Type
- 7.3. Europe
- 7.3.1. Key market trends, growth factors and opportunities
- 7.3.2. Market size and forecast, by Type
- 7.3.3. Market size and forecast, by Material
- 7.3.4. Market size and forecast, by Vehicle Type
- 7.3.5. Market size and forecast, by country
- 7.3.5.1. Germany
- 7.3.5.1.1. Market size and forecast, by Type
- 7.3.5.1.2. Market size and forecast, by Material
- 7.3.5.1.3. Market size and forecast, by Vehicle Type
- 7.3.5.2. France
- 7.3.5.2.1. Market size and forecast, by Type
- 7.3.5.2.2. Market size and forecast, by Material
- 7.3.5.2.3. Market size and forecast, by Vehicle Type
- 7.3.5.3. UK
- 7.3.5.3.1. Market size and forecast, by Type
- 7.3.5.3.2. Market size and forecast, by Material
- 7.3.5.3.3. Market size and forecast, by Vehicle Type
- 7.3.5.4. Spain
- 7.3.5.4.1. Market size and forecast, by Type
- 7.3.5.4.2. Market size and forecast, by Material
- 7.3.5.4.3. Market size and forecast, by Vehicle Type
- 7.3.5.5. Rest of Europe
- 7.3.5.5.1. Market size and forecast, by Type
- 7.3.5.5.2. Market size and forecast, by Material
- 7.3.5.5.3. Market size and forecast, by Vehicle Type
- 7.4. Asia-Pacific
- 7.4.1. Key market trends, growth factors and opportunities
- 7.4.2. Market size and forecast, by Type
- 7.4.3. Market size and forecast, by Material
- 7.4.4. Market size and forecast, by Vehicle Type
- 7.4.5. Market size and forecast, by country
- 7.4.5.1. China
- 7.4.5.1.1. Market size and forecast, by Type
- 7.4.5.1.2. Market size and forecast, by Material
- 7.4.5.1.3. Market size and forecast, by Vehicle Type
- 7.4.5.2. India
- 7.4.5.2.1. Market size and forecast, by Type
- 7.4.5.2.2. Market size and forecast, by Material
- 7.4.5.2.3. Market size and forecast, by Vehicle Type
- 7.4.5.3. Japan
- 7.4.5.3.1. Market size and forecast, by Type
- 7.4.5.3.2. Market size and forecast, by Material
- 7.4.5.3.3. Market size and forecast, by Vehicle Type
- 7.4.5.4. South Korea
- 7.4.5.4.1. Market size and forecast, by Type
- 7.4.5.4.2. Market size and forecast, by Material
- 7.4.5.4.3. Market size and forecast, by Vehicle Type
- 7.4.5.5. Rest of Asia-Pacific
- 7.4.5.5.1. Market size and forecast, by Type
- 7.4.5.5.2. Market size and forecast, by Material
- 7.4.5.5.3. Market size and forecast, by Vehicle Type
- 7.5. Latin America
- 7.5.1. Key market trends, growth factors and opportunities
- 7.5.2. Market size and forecast, by Type
- 7.5.3. Market size and forecast, by Material
- 7.5.4. Market size and forecast, by Vehicle Type
- 7.5.5. Market size and forecast, by country
- 7.5.5.1. Brazil
- 7.5.5.1.1. Market size and forecast, by Type
- 7.5.5.1.2. Market size and forecast, by Material
- 7.5.5.1.3. Market size and forecast, by Vehicle Type
- 7.5.5.2. Argentina
- 7.5.5.2.1. Market size and forecast, by Type
- 7.5.5.2.2. Market size and forecast, by Material
- 7.5.5.2.3. Market size and forecast, by Vehicle Type
- 7.5.5.3. Rest of Latin America
- 7.5.5.3.1. Market size and forecast, by Type
- 7.5.5.3.2. Market size and forecast, by Material
- 7.5.5.3.3. Market size and forecast, by Vehicle Type
- 7.6. Middle East and Africa
- 7.6.1. Key market trends, growth factors and opportunities
- 7.6.2. Market size and forecast, by Type
- 7.6.3. Market size and forecast, by Material
- 7.6.4. Market size and forecast, by Vehicle Type
- 7.6.5. Market size and forecast, by country
- 7.6.5.1. Gcc Countries
- 7.6.5.1.1. Market size and forecast, by Type
- 7.6.5.1.2. Market size and forecast, by Material
- 7.6.5.1.3. Market size and forecast, by Vehicle Type
- 7.6.5.2. South Africa
- 7.6.5.2.1. Market size and forecast, by Type
- 7.6.5.2.2. Market size and forecast, by Material
- 7.6.5.2.3. Market size and forecast, by Vehicle Type
- 7.6.5.3. Rest of Middle East And Africa
- 7.6.5.3.1. Market size and forecast, by Type
- 7.6.5.3.2. Market size and forecast, by Material
- 7.6.5.3.3. Market size and forecast, by Vehicle Type
- CHAPTER 8: COMPETITIVE LANDSCAPE
- 8.1. Introduction
- 8.2. Top winning strategies
- 8.3. Product mapping of top 10 player
- 8.4. Competitive dashboard
- 8.5. Competitive heatmap
- 8.6. Top player positioning, 2022
- CHAPTER 9: COMPANY PROFILES
- 9.1. Toyoda Gosei Co., Ltd.
- 9.1.1. Company overview
- 9.1.2. Key executives
- 9.1.3. Company snapshot
- 9.1.4. Operating business segments
- 9.1.5. Product portfolio
- 9.1.6. Business performance
- 9.1.7. Key strategic moves and developments
- 9.2. FORVIA Faurecia
- 9.2.1. Company overview
- 9.2.2. Key executives
- 9.2.3. Company snapshot
- 9.2.4. Operating business segments
- 9.2.5. Product portfolio
- 9.2.6. Business performance
- 9.2.7. Key strategic moves and developments
- 9.3. TOYOTA BOSHOKU CORPORATION
- 9.3.1. Company overview
- 9.3.2. Key executives
- 9.3.3. Company snapshot
- 9.3.4. Operating business segments
- 9.3.5. Product portfolio
- 9.3.6. Business performance
- 9.3.7. Key strategic moves and developments
- 9.4. SMP Deutschland GmbH
- 9.4.1. Company overview
- 9.4.2. Key executives
- 9.4.3. Company snapshot
- 9.4.4. Operating business segments
- 9.4.5. Product portfolio
- 9.4.6. Business performance
- 9.4.7. Key strategic moves and developments
- 9.5. Flex-N-Gate Corporation
- 9.5.1. Company overview
- 9.5.2. Key executives
- 9.5.3. Company snapshot
- 9.5.4. Operating business segments
- 9.5.5. Product portfolio
- 9.5.6. Business performance
- 9.5.7. Key strategic moves and developments
- 9.6. Plastic Omnium
- 9.6.1. Company overview
- 9.6.2. Key executives
- 9.6.3. Company snapshot
- 9.6.4. Operating business segments
- 9.6.5. Product portfolio
- 9.6.6. Business performance
- 9.6.7. Key strategic moves and developments
- 9.7. montaplast gmbh
- 9.7.1. Company overview
- 9.7.2. Key executives
- 9.7.3. Company snapshot
- 9.7.4. Operating business segments
- 9.7.5. Product portfolio
- 9.7.6. Business performance
- 9.7.7. Key strategic moves and developments
- 9.8. WARN International Ltd
- 9.8.1. Company overview
- 9.8.2. Key executives
- 9.8.3. Company snapshot
- 9.8.4. Operating business segments
- 9.8.5. Product portfolio
- 9.8.6. Business performance
- 9.8.7. Key strategic moves and developments
- 9.9. NTF GROUP HOLDING
- 9.9.1. Company overview
- 9.9.2. Key executives
- 9.9.3. Company snapshot
- 9.9.4. Operating business segments
- 9.9.5. Product portfolio
- 9.9.6. Business performance
- 9.9.7. Key strategic moves and developments
- 9.10. KIRCHHOFF Group
- 9.10.1. Company overview
- 9.10.2. Key executives
- 9.10.3. Company snapshot
- 9.10.4. Operating business segments
- 9.10.5. Product portfolio
- 9.10.6. Business performance
- 9.10.7. Key strategic moves and developments
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