The “Automotive Plastic Bumper Market Forecast, trend Analysis and Competition Tracking – Global Review 2017-2022” research report includes compilation of various facets of the market apropos to the demand and supply of automotive plastic bumper worldwide. The extensive study on automotive plastic bumper market offers valuable insights on all segments that define the growth path of the market for automotive plastic bumper. The report includes past data, present market analysis and future assessment and the values are represented in US$ Mn. Several aspects such as key trends, drivers, restraints and opportunities impacting the sales of automotive plastic bumper have been covered in this 15 chapter report.
To achieve maximum safety for occupants and pedestrians, bumper has become paramount; when it comes to styling standpoint and aesthetic purpose, the significance of automotive bumper soars. Currently, automotive industry focuses on optimization of weight and safety. Furthermore, there has been public outcry with respect to plastics having detrimental impact on the Mother Nature. These facets allude to the growing importance of automotive plastic bumper.
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Growth of automotive plastic bumper market continues to remain influenced with increasing vehicle production and sales in developed and emerging economies across the globe. Adoption of new technologies in the automotive sector has triggered innovations in automotive plastic bumper, which is likely to influence their sales in the years to follow. Moreover, government regulations on plastic recycling on back of reducing environmental damage, is expected to offer high growth potential for manufacturers of automotive plastic bumper in the forthcoming years. Fact.MR foresees that the demand for automotive plastic bumper is projected to increase at a significant CAGR of 4.1% in terms of value during the forecast period, 2017-2022. Sales of automotive plastic bumper are estimated to surpass US$ 12,500 Mn by end of the assessment year, says the report.
Rising Vehicle Production and Sales to Fuel Growth of Automotive Bumper
The demand for automotive plastic bumper is largely pushed by the significant growth in manufacturing of passenger cars and commercial vehicles. According to OICA, the production of commercial vehicles has been steadily increasing across the globe. This growth is mainly fuelled by the increasing trading activities which involves transportation of goods and growing preference for local transport such as buses.
There has been growing investment with respect to research and development to give way to innovation in the automotive plastic bumper. Furthermore, technology automation in the automotive landscape have paved way for smart automotive plastic bumpers. As such, introduction of intelligent automotive plastic bumper which feature embedded intelligence by Plastic Ominum is an apt example of smart automatic plastic bumpers. The introduced plastic bumper encompasses innovative front grille, integrated radar and a sophisticated detection system and impact absorption.
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Countries in the Asia Pacific excluding Japan (APEJ) region are anticipated to reflect higher inclination toward use of automotive plastic bumper owing to increasing production and use of commercial and passenger vehicles. Moreover, suitable business environment coupled with cheap land and labor has attracted vehicle manufacturers in the region, which is expected to further the production of vehicles. Against this backdrop, manufacturers of automotive plastic bumper can expect an upswing in demand from APEJ for automotive plastic bumper during the assessment period.
Automotive Plastic Bumper Market: Overview
This report presents a robust analysis on plastic bumper market with the support of quantitative and qualitative analysis. The report reveals the dynamics of the market, including drivers, opportunities, trends and restraints which have considerable impact in the growth of the market. The report also includes segregation of the market to offer an in-depth analysis of the automotive plastic bumper.
Automotive Plastic Bumper Market: Competitive Landscape
Key companies such as Faurecia SA, Toray Industries Inc., Benteler International AG, Flex-N-Gate Corporation and Samvardhana Motherson Automotive Systems Group B.V have been profiled in the automotive plastic bumper market report.