Global Automotive Plastic Bumper Market In-depth Forecast Study Highlights Growth in CAGR 4.1% and Revenue US$ 12,500 Mn till 2022

Posted on 2018-10-31 by Mark Hub in Automotive // 0 Comments

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Rockville, US, 2018-Oct-31 — /EPR Network/ — The report on “Automotive Plastic Bumper Market Forecast, Trend Analysis and Competition Tracking – Global Review 2017-2022” provides unbiased intelligence on various facets of the market. The comprehensive analysis on various market segments can be leveraged to enhance hold over the market, achieve sustainability and focus on future expansion. The automotive plastic bumper market report includes assessment on various materials used in the manufacturing of automotive plastic bumper, such as polypropylene, polybutylene terephthalate, polycarbonate and acrylonitrile butadiene styrene. It also covers analysis on distribution channels such as OEMs and the aftermarket for automotive plastic bumper. Automotive plastic bumper demand and sales in various vehicles such as passenger cars, LCVs and HCVs worldwide along with price ranges (low, mid and high) are also covered in this report. Historical data, current market scenario and future projections are detailed in this report.

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Demand for automotive plastic bumper priced below 300 USD is expected to increase at a higher rate during the period of forecast. Sales of below 300 USD automotive plastic bumpers are estimated to increase on the back of rising focus of automotive manufacturers toward cost savings. Sales of automotive plastic bumper between 300-500 USD and above 500 USD are expected to witness steady growth with slight increase in demand from manufacturers of luxury cars, says the report.

Growth of automotive plastic bumper market continues to remain influenced with increasing vehicle production and sales in developed and emerging economies across the globe. Adoption of new technologies in the automotive sector has triggered innovations in automotive plastic bumper, which is likely to influence their sales in the years to follow. Moreover, government regulations on plastic recycling on back of reducing environmental damage, is expected to offer high growth potential for manufacturers of automotive plastic bumper in the forthcoming years. Fact.MR foresees that the demand for automotive plastic bumper is projected to increase at a significant CAGR of 4.1% in terms of value during the forecast period, 2017-2022. Sales of automotive plastic bumper are estimated to surpass US$ 12,500 Mn by end of the assessment year, says the report.

Countries in the Asia Pacific excluding Japan (APEJ) region are anticipated to reflect higher inclination toward use of automotive plastic bumper owing to increasing production and use of commercial and passenger vehicles. Moreover, suitable business environment coupled with cheap land and labor has attracted vehicle manufacturers in the region, which is expected to further the production of vehicles. Against this backdrop, manufacturers of automotive plastic bumper can expect an upswing in demand from APEJ for automotive plastic bumper during the assessment period.

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The demand for automotive plastic bumper is largely pushed by the significant growth in manufacturing of passenger cars and commercial vehicles. According to OICA, the production of commercial vehicles has been steadily increasing across the globe. This growth is mainly fuelled by the increasing trading activities which involves transportation of goods and growing preference for local transport such as buses. According to OICA, the production of commercial vehicles in China in 2016 was 3,698,050 units which increased to 4,208,747 units in 2017. Likewise, in Russia, 2017 recorded a mass production of commercial vehicles that touched 203,264 units, as compared to previous year statistics that reflected 179,215 units of commercial vehicles produced. Likewise, number of passenger cars in China increased by 385,943 units as compared to 2016 and in Russia the count touched 223,255 units in 2017. Rising production of passenger cars and commercial vehicles are expected to pave potential growth avenues for automotive plastic bumper, in turn pushing their market’s growth.

Innovations in Automotive Plastic Bumper to Support Demand

Manufacturers of automotive plastic bumper are investing in research and development platform to carry out innovations in their product. Developments in automotive plastic bumper are being carried out to enhance the safety quotient for vehicles as well as pedestrians. On the back of surging novelties in the automotive plastic bumper space, the sales of automotive plastic bumper are likely to witness an upswing in the coming years. Moreover, with significant proliferation of technology in the automotive space, smart automotive plastic bumpers are in the offing. For instance, Plastic Ominum has introduced intelligent automotive plastic bumper that feature embedded intelligence. This automotive plastic bumper includes integrated radar, innovative front grille, and an advanced impact absorption and detection system. This innovation also features light weight, facilitates reduction in carbon dioxide levels, aerodynamic tailgate and enhanced personalization and safety.

Competitive Landscape

The report on automotive plastic bumper market provides a complete assessment on various manufacturers of automotive plastic bumper across the globe. The market for automotive plastic bumper being a fragmented one, intelligence on automotive plastic bumper companies can offer valuable insights to the reader using which key strategies can be formulated to achieve sustenance and an edge over the competition in the long run. Key facets of the competition including company overview, key strategies, automotive plastic bumper design developments and innovations, expansion plans, geographical spread, mergers and acquisitions and key financials have been covered in this section. Key companies such as Faurecia SA, Toray Industries Inc., Benteler International AG, Flex-N-Gate Corporation and Samvardhana Motherson Automotive Systems Group B.V have been profiled in the automotive plastic bumper market report.

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