Automotive Front-End Module Market 2019 Global Industry Forecast To 2023 Report published by “MarketResearchFuture”. Global Automotive Front-End Module Market Information by Material (Steel, Composite, Plastic, and Others), by Component (Headlight, Front Grill, Radiator, Condenser, Horn Assembly, Oil Cooler and Others), by Vehicle (Passenger, Commercial) and by Region – Forecast to 2022
Global Automotive Front-End Module Market Key Players Analyzed In Report:
GNS America (U.S.), H-One Co. ltd (Japan), Benteler automotive (Minchigan), KVA Stainless (North America), Kirchhoff Automotive Gmbh (Germany), Founder Land (China), Gestamp (Madrid Spain), IFB Automotive Pvt Ltd (India), Arvin Sango, Inc. (Japan), AISIN Takaoka Co., Ltd (Japan), and others.
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Automotive Front-End Module are pieces of assembly that are the integral part of the vehicle which includes forward light, radiator and cooling fans, bumpers, air conditioning condensers, and others. 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. According to a recent study report published by the Market Research Future, The global market of automotive front end module is booming and expected to gain prominence over the forecast period. The market is forecasted to demonstrate a stunning growth by 2023, surpassing its previous growth records in terms of value with a striking CAGR during the estimated period (2017 – 2022).
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.
The global automotive industry has experienced a potential demand for light weight vehicles. Over the years it has been analyzed that the demand for light weight vehicles has increased among the end users which in turn has put pressure on auto bumpers manufacturers to reduce the material weight. Major reasons that have propelled this decision is that light weight vehicle consumes less fuel and the emission rate, moreover, the governments of various countries have taken same initiatives. Owing to all these factors, the OEMs such as Compagnie Plastic Omnium, Faurecia Group, Magna International, Fab Fours and other have actively shifted their focus on reducing weights. Furthermore, the major automotive producers have also witnessed a strong demand for light weight vehicle due to the government’s initiative on less fuel consumption as light weight vehicles consumes less fuel consumption. Additionally, it has been observed that in North America and Europe, the government have made regulation on per miles average of vehicles and as per European automotive associations and US Corporate Average Fuel Economy (CAFE) standards, the amendments have been made for vehicles average, which ensures that vehicles must give average of around 34 miles per gallon. However, due to all the above factors, the demand for light weigh vehicle is expected to increase which in turn for light weight auto components.
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