The latest report on Automotive Bumper Market by Infinium Global Research gives complete coverage of the automotive bumper market by vehicle type (passenger vehicle and commercial vehicle), raw material (steel, aluminum, fiberglass, and plastic), product type (standard bumper, deep drop bumper, roll pan bumper, step bumper, and tube bumper) in terms of key trends, market size, forecast and CAGR growth over the period of 2019 to 2025. In addition, the study covers deep dive into key product and application trends in the regional markets of automotive bumper such as North America, Europe, Asia-Pacific and Latin America over the short run and long run.
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The Automotive Bumper is Also Used for The Attractive Look of Vehicles
The automotive bumper is a structure integrated with the front and rare of the vehicle’s body in order to reduce the cost in case of accidents. Polypropylene is a thermoplastic polymer used widely for bumper manufacturing. An automotive bumper act as a protection enhancement and absorbs the impact in case of a collision. Apart from the safety feature, the automotive bumper is also used for the attractive look of vehicles. They protect the hood, fuel, exhaust, and cooling system, as well as safety-related to equipment, includes parking lights and headlamps. Specification of bumpers is varying according to country standard.
According to a trusted source, ten thousand peoples are dead and hundreds of thousands to millions are wounded each year due to car accidents. This calls for the need to improve the safety of automobiles during car accidents. A rising number of passenger vehicles and an increasing rate of accidents are major factors fueling the growth of the automotive bumper market. Moreover, Growing awareness about greener technology has been the primary driver transforming the automobile industry.
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Automotive Bumpers is Anticipated to Create Several Growth Opportunities for the Key Players in the Industry
Moreover, rising consumer demand for high end -products at low cost is anticipated to be the key driving factor for the growth of the automotive bumper market. Moreover, increased efforts undertaken by key players to develop improved materials for automotive bumpers are anticipated to create several growth opportunities for the key players in the market during the forecast period. In addition, changing demographic trends, stringent regulatory situation, and available information is expected to offer immense opportunities to the suppliers over the upcoming years.
Among the geographies, Asia Pacific is expected to be the largest region due to the increase in automobile industries in this region. An increasing number of passenger vehicle production in countries such as China and India and coupled with low manufacturing cost and rising disposable income are some of the factors boosting the market of the automotive bumper market in the Asia Pacific region. Owing to the expansion of automotive industries there is some of the key players in the European region include Delphi Automotive, Valeo and GKNhave positive impact on the European region. Emerging countries such as South Africa and India are expected to boost the industry in the upcoming years. Moreover, countries such as Latin America and the Middle East have anticipated to increases the demand for Automotive Bumper Market over the forecast period.
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Reasons to Buy this Report:
Comprehensive analysis of global as well as regional markets of the automotive bumper.
Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2025.
Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.