Automotive Bumper Market Size, Share, Growth Analysis, By End User(OEM and Aftermarket), By Positioning(Front Ends and Rear Ends), By Materials(Composite Plastic, Metal, and Fiber), By Region - Industry Forecast 2024-2031

Drivers

Composite Plastic Bumpers is Driving the Automotive Bumper Market

• Materials such as plastics, composites, or fibers must absorb energy primarily because bumpers absorb energy. Starting several decades ago, reinforcement was used with steel and aluminum, and spring or hydraulic protective equipment for vehicles. Modern bumpers are made of plastic, aluminum and wrought iron. The manufacturers chose a high-performance plastic material for the bumper because plastic is such an important material. To develop new products, automotive plastic bumper manufacturers invest in an R&D program. Automotive plastic bumpers are being developed to improve safety for vehicles and pedestrians.

• For example, plastic Ominim developed intelligent automotive plastic bumpers with intelligent inserts. The car's plastic bumper includes integrated radar, a new front grille, and an improved traction control and visibility system. This design also features low weight, which helps reduce carbon dioxide emissions, as well as an air-conditioned tailgate, personalization and improved safety.

Government Regulation of Automotive Bumpers

• Government regulation of global automotive bumper market is a major factor driving the growth of the automotive bumpers market. Government regulations play an important role in auto parts manufacturing. Rulers of various countries have implemented regulations to ensure that car bumpers do not increase damage but absorb more impact. For example, the Indian government passed a law banning the use of modified car bumpers. In various states, passenger cars are prohibited from altering or modifying the stock bumpers of their cars because modified bumpers can interfere with the design of the crumple zone. This raises the possibility that accidents will affect the passenger compartment, injury to the occupants of the vehicle is severe. In addition, developed countries such as the US. and European governing bodies have prohibited the use of metal balloons in passenger vehicles, as they cause serious injuries to pedestrians.

Restraints

High Cost of Manufacturing

• Increasing cost pressure for OEMs is a major restraint for global automotive bumper market growth. Manufacturing costs for OEMs are increasing due to the availability of new technologies and fabrics. Increasing competition among automakers to gain competitive advantage through product differentiation is forcing manufacturers to install side airbags in addition to front airbags. The use of side airbags requires flexibility in the number of total airbags deployed per vehicle, increasing ordering costs for OEMs. Adding side airbags increases the cost for OEMs by 50% to 70%. The adoption of curtain airbags increases the cost of vehicles, which vehicle OEMs are unable to pass on to customers due to increased competition Such measures reduce the profitability of OEMs and suppliers as they allocate pressure to reduce these airbags are priced higher in the overall value range.

Economic Uncertainty and Instability

• Economic uncertainty and volatility, including changes in GDP growth rates, exchange rates, and consumer spending patterns, may affect the automotive industry including market. During periods of economic slowdown or recession, customers can delay purchasing new vehicles or opt for cost-effective options to delay vehicle launches or they can, affecting demand for bumpers and related accessories. Furthermore, economic instability can lead to fluctuations in the prices of raw materials, affecting the overall cost of production and profitability for manufacturers and consequently the economy internal uncertainties significantly restrict the growth of global automotive bumper market.