Report ID: SQMIG25A2243
Report ID:
SQMIG25A2243 |
Region:
Global |
Published Date: April, 2024
Pages:
225
|
Tables:
86 |
Figures:
76
Global 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 automotive industry is witnessing significant changes driven by technological advances, safety regulations and consumer preferences. These factors affect the design, materials and performance of automotive bumpers. Strict safety regulations put in place by governments and regulatory agencies around the world are forcing automakers to equip their vehicles with advanced safety features. Bumpers play an important role in providing traction and protection to vehicles during collisions, leading to a high demand for technologically advanced and durable bumpers. With increasing emphasis on fuel efficiency and environmental sustainability, automakers are adopting lightweight materials such as composite plastics, carbon fiber and aluminum for bumpers. A lightweight bumper helps to reduce the vehicle’s overall weight, improve fuel efficiency and reduce emissions. Vehicle bumpers enhance vehicle safety and driving assistance features by integrating advanced technologies such as sensors, cameras and radar systems Bumpers with integrated sensors and cameras make it easier to assist vehicles in parking lots, accident avoidance and adaptive cruise control systems, drive the market growth.
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Report ID: SQMIG25A2243