Automotive Front-End Module Market Analysis, Scope, Stake, Progress, Trends Research Report – Forecast to 2022. Mahle GmbH, Faurecia SA, Denso Corporation, Calsonic Kansei Corporation, Hbpo Group, Magna International Inc., Hyundai Mobis, Plastic Omnium, SL Corporation, and Valeo S.A., and others are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global Automotive Front-End Module market.
Rising demand for reduction in weight for vehicles and increasing demand for technically advanced light weight front end modules are expected to surge the demand for the automotive front-end module. As the structure of the modular FEM can be standardized which allows common design to be used in multiple models hence leads to cost saving. Also, FEMs can be installed late in the assembly sequence which saves time and cost during the manufacturing process of the vehicle. As per trend, light weight composites FEM such as polypropylene are used in the vehicles to increase the fuel efficiency and performance of the vehicle which in turn expected to contribute in the growth of the automotive front-end module market. The global automotive front-end module market is expected to show a growth at CAGR of about 6% from 2016 to 2022.
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Automotive Front-End Module Market – Segmentation
The global Automotive Front-End Module market is segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Material: Comprises Steel, Composite, Plastic, and Others
Segmentation by Component: Comprises Headlight, Front Grill, Radiator, Condenser, Horn Assembly, Oil Cooler and Others.
Segmentation by Vehicle: Comprises Passenger, Commercial.
Segmentation by Regions: Comprises Geographical regions – North America, Europe, APAC and Rest of the World.
There are various factors that contributes to the growth of the automotive front end module which includes rising demand of light weight components, increase in the registration of the new vehicles, expansion of the auto manufacturers in the emerging economies such as India, china, and others.
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