Global Automotive Bumper Market

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 2025-2032


Report ID: SQMIG25A2243 | Region: Global | Published Date: April, 2024
Pages: 225 | Tables: 86 | Figures: 76

Automotive Bumper Market Dynamics

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.
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FAQs

Automotive Bumper Market size was valued at USD 12.2 Billion in 2022 and is poised to grow from USD 12.63 Billion in 2023 to USD 16.63 Billion by 2031, growing at a CAGR of 3.5% in the forecast period (2024-2031).

The competitive environment of the automotive bumper market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. Established organizations within the industry leverage techniques inclusive of product innovation, strategic partnerships, and mergers and acquisitions to strengthen their market position. Additionally, the market is witnessing elevated opposition from local and neighborhood producers supplying cost-powerful options. 'Toyota', 'General Motors', 'Volkswagen', 'Ford', 'Mercedes-Benz', 'BMW', 'Hyundai', 'Honda', 'Tesla', 'Peugeot', 'Nissan', 'Suzuki', 'Fiat', 'Porsche', 'Volvo', 'Lamborghini', 'Audi', 'Chevrolet', 'Kia', 'Renault'

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.

Composite Plastics Making a Big Appearance in Bumper Manufacturing: Since plastic is such an important material, manufacturers chose high-performance plastics for bumpers. Vehicles that use lightweight plastics that are suitable and efficient can be very fuel efficient. For every ten percent reduction in vehicle weight, it is estimated that fuel consumption decreases between 5 percent and 7 percent in terms of reproducibility and manufacture, and reusability. Polypropylene (PP) is a thermoplastic polymer commonly used in bumper construction. PP accounts for 32% of all high-performance plastics needed in automobiles. ABS (Acrylonitrile Butadiene Styrene) is a copolymer that makes automotive body parts more resilient, stronger and warmer. Polycarbonate (PC) is a material that combines stiffness, rigidity and toughness in one. Due to its features, it is ideally suited for automotive bumpers and therefore extensively used in the industry.

Asia-Pacific dominates the market with the presence of major automotive manufacturers in China, Japan, India and South Korea. China has become the largest automotive market in the world and is estimated to play a major role in influencing the automotive bumper market forecast over the next few years. Findings from the latest car bumper market study show that government incentives to promote EVs and improve safety standards in China have impacted the market. Light and compact cars are the trend in India. In this market, budget-friendly bumpers are generally preferred. However, the demand for safety features is also growing. Also, automakers in Japan emphasize on technical and safety features for their vehicles, which can influence the design of bumpers. Japan also plays an important role in the supply chain of bumper products and accessories.

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Global Automotive Bumper Market

Report ID: SQMIG25A2243

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