Standard bumper is expected to remain the largest segment in the global automotive bumper market

iCrowd Newswire
25 Jan 2023, 16:32 GMT+10

An exciting new study from the team of Lucintel found that automotive bumper market is expected to reach $37.3 billion by 2027 with a CAGR of 4.9%. There are significant money making opportunities available in this market and companies planning to enter this market need to differentiate in order to maximize their return on investment.

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The automotive bumper market is segmented based on product type, vehicle type, material, end user, and region. In this market, standard bumper is expected to remain the largest bumper type. Players can benefit from the available opportunities like increased vehicle production and development of emerging technologies and in engineering lightweight automotive bumper have driven the demand for bumper in the European region. Asia Pacific and ROW are expected to witness significant growth over the forecast period owing to expansion of global automotive manufacturers in this region.

The increasing use of thermoplastic olefin, introduction of materialize stereo lithography, and development of bumpers made with recycled plastics are emerging trends having impact on dynamics of the industry.

Plastic Omnium, Faurecia, Magna International, Toyoda Gosei Co, and Futaba Industrial Co are some of the major players profiled in this 182 page report.

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Some of the Key Questions answered in this exclusive report are:

Q.1 What are some of the most promising, high-growth opportunities for the automotive bumper market by bumper type (Standard Bumper, Deep Drop/Cowboy Bumper, Roll Pan Bumper, Step Bumper, and Tuber Bumper), vehicle type (Passenger Cars, Light Commercial Vehicles and Heavy Commercial Vehicles), material (Plastic, Aluminum, and Others), end user (OEM and Aftermarket), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2 Which segments will grow at a faster pace and why?

Q.3 What are the business risks and threats to the automotive bumper market?

Q.4 What are some changing demands of customers in the automotive bumper market?

Q.5 What are the new developments in the automotive bumper market? Which companies are leading these developments?

Q.6 What strategic initiatives are being implemented by key players for business growth?

Q.7 What are some of the competitive products and processes in this automotive bumper area and how big of a threat do they pose for loss of market share via product substitution?

Q.8 What M&A activity has occurred in the last 5 years in this automotive bumper market?

This unique report from Lucintel will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link [email protected]

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

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