Global Automotive Bumper Market | New Opportunities , Revenue and Growth Rate Upto 2027

Automotive Bumper Market Overview:

The purpose of this research is to provide a detailed analysis of the Automotive Bumper market by segment and geography. The report goes into great detail about the primary factors influencing the Automotive Bumper market’s growth. The research also includes a comprehensive assessment of the market’s value chain.

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Global Automotive Bumper Market size was valued at US$ 3.51 Bn. in 2020. Passenger cars are expected to dominate the post COVID era for Automotive Bumper Market.

Market Scope:

To get the final quantitative and qualitative data, all possible components influencing the markets covered by this research study were studied, thoroughly researched, validated by primary research, and evaluated. Market size is predicted for top-level markets and sub-segments, and the influence of inflation, economic downturns, regulatory and policy changes, and other variables is taken into account when estimating market size. This data is collated and presented in this study, together with comprehensive contributions and analysis from companies.

To validate the market size and estimate the market size by different segments, top-down and bottom-up methodologies are utilized. The research’s market estimates are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). Weights applied to each section based on usage rate and average sale price are used to determine percentage splits, market shares, and segment breakdowns. The percentage adoption or usage of the provided market Size in the relevant area or nation is used to determine the country-wise splits of the overall market and its sub-segments.

Drivers:

The global automotive industry has seen tremendous growth in developing nations in terms of profitability and sales. It is anticipated that automotive application areas like bumpers will change how intricate automotive processes are organised. The importance of regulatory standards has increased in North America and Europe. The majority of non-North American nations now adhere to the international safety standards that were initially created as European standards with UN assistance. In order to comply with US CAFE regulations, which went into effect in 2016, vehicles must get an average of 34.1 miles per gallon.

Segmentation:

Bumpers absorb energy, so the fibres, composite materials, or plastics used to make them must be especially absorbent. Automobiles have been protected from a few decades with steel and aluminium reinforcing bars, springs, or hydraulic parts. Aluminum, steel, and plastic-moulded materials are used to make modern bumpers. Due to the importance of plastic as a component, manufacturers decided to produce bumpers using high-performance plastic. Automotive plastic bumper producers are investing in a research and development infrastructure to adopt product innovations. Plastic bumpers for automobiles are currently being developed in order to increase pedestrian and vehicular safety.

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Key Players:

Market leaders are identified through primary and secondary research, and market revenue is calculated by primary and secondary research. Primary research included in-depth interviews with important thought leaders and industry professionals such as experienced front-line personnel, CEOs, and marketing managers, while secondary research included an analysis of the top manufacturers’ quarterly and financial performance. Secondary data is used to establish worldwide market percentage splits, market shares, growth rates, and breakdowns, which are then cross-checked against primary data.

The major players covered in the Automotive Bumper market report are

• Plastic omnium SA
• Magna international, Inc.
• Futaba industrial co., ltd.
• Toyoda gosei co., ltd
• Hyundai mobis co., ltd.
• Flex-n-gate corporation
• Smp deutschland GmbH
• Faurecia SA
• Toray industries, Inc.
• Toyota boshoku corporation
• Plastic omnium
• Yanfeng plastic omnium automotive exterior systems co. Ltd
• Jiangnan mould & plastic technology co., ltd.
• Venture otto SA (pty) ltd.
• Ntf (india) private ltd
• Fab fours, Inc.

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Regional Analysis:

Global, North America, Europe, Asia-Pacific, the Middle East, Africa, and South America market share statistics are accessible individually. Analysts at Maximize evaluate competitive strengths and conduct competitive analysis for each competitor individually.

COVID-19 Impact Analysis on Automotive Bumper Market:

The COVID-19 pandemic has impacted industries such as aerospace and military, agriculture, autos, retail and e-commerce, energy and power, healthcare, packaging, mining, electronics, banking, financial services, and insurance, among others. COVID-19 has had an influence on the Automotive Bumper market as a whole, as well as the growth rate in 2019-2020, as the impact of COVID-19 has spread. Our most recent questions, views, and market information are vital to the Automotive Bumper industry’s firms and associations.

Key Questions Answered in the Automotive Bumper Market Report are:

  • Which segment grabbed the largest share in the Automotive Bumper market?
  • What was the competitive scenario of the Automotive Bumper market in 2021?
  • Which are the key factors responsible for the Automotive Bumper market growth?
  • Which region held the maximum share in the Automotive Bumper market in 2021?

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