Global Automotive Front End Module Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Automotive Front End Module Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Automotive front end module is a typically multi-piece assembly of various components such as font lighting, air conditioning condenses, radiator, cooling fan, crumple zone and bumpers among others. This practice of manufacturing the whole front end of a vehicle separately by outsourcing them to outside vendors is known as modular assembly Modular assembly gained its importance for reducing product engineering cost, labor cost, and logistics cost.

Market Overview:

The latest research study on the global Automotive Front End Module market finds that the global Automotive Front End Module market reached a value of USD 6783.0 million in 2022. It’s expected that the market will achieve USD 8338.6 million by 2028, exhibiting a CAGR of 3.5% during the forecast period.

Influence of COVID-19 Outbreak on Automotive Front End Module Industry Development

The impact of COVID-19 has greatly affected the manufacturing and industrial outlook. In terms of production and stimulus, the growth momentum of new orders and manufacturing capacity has declined. Strict government policies and regulations of local and national governments restrict the flow of suppliers, production facilities and finished products. For automotive front end module suppliers, this situation has become extremely challenging.

The COVID-19 outbreak has reduced the automotive front end module market. This is due to supply chain issues. Due to the sharp drop in commodity demand, economies have weakened. Due to the pandemic, shortage of raw materials, declining exports and interruption of the supply chain, the output of all sectors has decreased, which is a key factor leading to the reduction of reduction of automotive front end module.

Drivers

The automotive front end module industry is witnessing a major shift in module procurement. The automotive front end module, which is still evolving, has not been fully accepted by original equipment manufacturers. The procurement of automotive front end modules can support automakers by reducing operations on the assembly line, reducing tool costs, reducing vehicle weight, and increasing working capital.

In addition, the modularization of automotive front-end modules has gained huge appeal with the support of increased cost savings. Original equipment manufacturers can save production costs through modularization, and can choose to purchase automotive front-end modules, which can reduce costs by about 20% to 30% compared with traditional methods. This factor has promoted the development of the automotive front end module market.

Region Overview:

From 2023-2028, China is estimated to witness robust growth prospects.

Company Overview:

HBPO Group is one of the major players operating in the Automotive Front End Module market, holding a share of 16.51% in 2021.

HBPO Group focuses on the development and production of front-end modules. The Company offers headlights, radiator grilles, and bumpers, as well as active grille shutters. HBPO Group conducts business worldwide.

Magna International, Inc. is a mobility technology company, which supplies to the automotive industry. It operates through the following segments: Body Exteriors and Structures, Power and Vision, Seating Systems, and Complete Vehicles.

Segmentation Overview:

Among different product types, Metal/Plastic Hybrids segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the SUV segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Automotive Front End Module market covered in Chapter 3:

Valeo
HBPO Group
DENSO Thermal Systems SpA
Magna International
SL Corporation
Hyundai Mobis

In Chapter 4 and Chapter 14.2, on the basis of types, the Automotive Front End Module market from 2018 to 2029 is primarily split into:

Metal/Plastic Hybrids
Composites
Plastic
Steel
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Automotive Front End Module market from 2018 to 2029 covers:

Sedan
SUV
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)