Global Automotive OE Bumper Cover Market, By Design Type (Standard, Deep Down, Roll Pan), Material Type (Thermoplastic, Thermoset, Metal), Process Type (Injection Molding, Reaction Injection Molding, Vacuum Forming, Others), Vehicle Type (Passenger Vehicle, Commercial Vehicle), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Automotive OE Bumper Cover Market
The automotive OE bumper cover market is expected to witness market growth at a rate of 11.80% in the forecast period of 2021 to 2028. Data Bridge Market Research report on automotive OE bumper cover market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the focus on vehicular safety is escalating the growth of automotive OE bumper cover market.
Automotive bumper cover refers to a plastic or metal cover or fascia placed over the bumper rail bar. The bumper cover is defined as a non-structural component of the vehicle body. It id fastened to the fenders and bulk head of the vehicle by the help of clips. Its main purpose is to facilitate safety to the vehicle and pedestrian during collision. A flexible and energy absorbing bumper cover is used to dissipate the collision energy across the surface as the contact of metal bumper rail with a pedestrian can cause severe injury to the pedestrian during a collision.
The rise in the demand of SUV’s and crossovers across the globe acts as one of the major factors driving the growth of automotive OE bumper cover market. The reduced cost of the product owning to the development made in plastic bumper covers and the high usage of bumpers because of the presence of stringent government regulations and safety standards accelerate the automotive OE bumper cover market growth. The increase in demand for the deep down bumpers providing protection in trail drives due to the rise in in indulgence of off terrain driving and surge in vehicle production worldwide further influence the automotive OE bumper cover market. Additionally, rise in emphasis on vehicle and driver safety among consumers, technological advancements, rapid urbanization, increase in sales of vehicles, change in consumer preference and surge in disposable income positively affect the automotive OE bumper cover market. Furthermore, new designs and manufacturing processes extend profitable opportunities to the automotive OE bumper cover market players in the forecast period of 2021 to 2028.
On the other hand, high cost associated with the product and poor refurbishment policies are expected to obstruct the automotive OE bumper cover market growth. The negative impact of COVID-19 on the manufacturing industries is projected to challenge the automotive OE bumper cover market in the forecast period of 2021-2028.
This automotive OE bumper cover market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on automotive OE bumper cover market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Automotive OE Bumper Cover Market Scope and Market Size
The automotive OE bumper cover market is segmented on the basis of design type, material type, process type and vehicle type. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of design type, the automotive OE bumper cover market is segmented into standard, deep down and roll pan.
- On the basis of material type, the automotive OE bumper cover market is segmented into thermoplastic, thermoset and metal.
- On the basis of process type, the automotive OE bumper cover market is segmented into injection molding, reaction injection molding, vacuum forming and others.
- On the basis of vehicle type, the automotive OE bumper cover market is segmented into passenger vehicle and commercial vehicle.
Global Automotive OE Bumper Cover Market Country Level Analysis
The automotive OE bumper cover market is analyzed and market size, volume information is provided by country, design type, material type, process type and vehicle type as referenced above.
The countries covered in the global automotive OE bumper cover market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates the automotive OE bumper cover market due to the presence of companies with competitive pricing from China and availability of synthetic plastic raw materials in the region. Europe is considered as the second largest market owning to the plastic technology experience within the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Automotive OE Bumper Cover Market Share Analysis
The automotive OE bumper cover market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to automotive OE bumper cover market.
The major players covered in the automotive OE bumper cover market report are Plastic Omnium, Motherson, Magna International Inc., TONG YANG GROUP, NTF GROUP, TOYOTA BOSHOKU CORPORATION, SEOYON E-HWA Automotive Slovakia, TOYODA GOSEI Co., Ltd., Montaplast GmbH, Marelli Holdings Co., Ltd., LG HAUSYS, FLEX-N-GATE CORPORATION, Volkswagen, Lucid, MAZDA NORTH AMERICAN OPERATIONS, BMW AG, Tesla, Nissan among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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