Global Automotive Front-end Module Market Size study & Forecast, by Vehicle Type (Passenger Cars, Light Commercial Vehicle, and Heavy Commercial vehicles), Raw Material (Metal, Composite, and Others), and Regional Analysis, 2022-2029

Global Automotive Front-end Module Market Size study & Forecast, by Vehicle Type (Passenger Cars, Light Commercial Vehicle, and Heavy Commercial vehicles), Raw Material (Metal, Composite, and Others), and Regional Analysis, 2022-2029

Global Automotive Front-end Module Market is valued at approximately USD XXX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XXX% over the forecast period 2022-2029. Automotive front-end modules (FEMs) typically are various multipiece assemblies that integrate many components. The Automotive Front-end Module market is expanding because of factors such as the Rapidly growing automotive industry and technically Advanced lightweight vehicles. The market is anticipated to grow in the near future, owing to Rising awareness of the safety of vehicles and investments in the development of the automotive industry

The PMI for the automotive industry was more than 52.0% in July 2022, according to the China Association of Automobile Manufacturers (CAAM). The total number of cars produced and sold in July was 2.455 million, up 31.5% from the previous year, and 2.42 million, up 29.7%. Production of passenger cars grew by 42.6% year over year to 2.21 million units, and sales are up by 40.0% year over year to 2.174 million. Manufacturing of passenger vehicles increased by 10.9% year over year from January to July to a total of 12.645 million units, while sales have increased by 8.3% year over year to 12.529 million units. Additionally, In India, the overall number of passenger vehicle sales climbed from 2,711,457 to 3,069,499 units, according to SIAM, and over the same time, 113,265 vans were sold as opposed to 108,841 units from April 2020 to March 2021, indicating good market developments. However, a tremendous rise in the expenditures towards the front-end modules and higher competition from the market players may halt market growth.

The key regions considered for the Global Automotive Front-end Module Market study includes Asia Pacific, North America, Europe, Latin America, and the Rest of the World. The Asia Pacific dominated the market in terms of revenue, owing to rising vehicle production in the region. According to CEIC, Motor Vehicle Production is expected to go to 5.3 million units, by the year-end 2021 from 4.7 million units, by the year-end 2021. North America is expected to grow with the highest CAGR during the forecast period, owing to technological advancements in the region.

Major market players included in this report are:
MAHLE GmbH
Denso Corporation
Hirschvogel Automotive Group
HYUNDAI MOBIS CO. LTD
Magna International Inc.
Hanon Systems
Compagnie Plastic Omnium SA
SL Corporation
Valeo SA
Marelli Corporation

Recent Developments in the Market:
 MotherSon Group purchased the bulk of the Plast Met Group in Turkey in May 2021. With the completing of this purchase, Motherson Group now has exposure to the sizeable Turkish vehicle market throughout its subsidiary Samvardhana Motherson Reflectec(SMR).
 Plastic Omnium introduced several front-end components to the market in October 2020. The front and rear bumper, as well as front-end modules, are supplied by Plastic Omnium for the Tesla Model 3 and Model Y. Several models are made in both North America and China. Additionally, it provides front and rear bumpers for VW ID.3 and ID.4, as well as a centre console and front-end component.

Global Automotive Front-end Module Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Vehicle Type, Raw Material and Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World

The objective of the study is to define the market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within the countries involved in the study.

The report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with a detailed analysis of the competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:
By Vehicle Type:
Passenger Cars
Light Commercial Vehicle
Heavy Commercial vehicles

By Raw Material:
Metal
Composite
Others

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Companies Mentioned

MAHLE GmbH
Denso Corporation
Hirschvogel Automotive Group
HYUNDAI MOBIS CO. LTD
Magna International Inc.
Hanon Systems
Compagnie Plastic Omnium SA
SL Corporation
Valeo SA
Marelli Corporation

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