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Global Vehicle Bumper Market - Forecast(2023 - 2028)
Global Vehicle Bumper Market Overview
Global Vehicle Bumper Market is analyzed to grow at a CAGR of 11.5% during the forecast 2021-2026 to reach $12.6 billion by 2026. Vehicle bumpers feature protruding shrouds of plastic or metal that surround energy-absorbing materials such as composite plastic, thermoplastic polymer, sheet molding compound and acrylonitrile butadiene styrene. They are automotive safety components designed to absorb impact to the front and rear of vehicles and minimize low-speed collision damages. Nowadays, standard passenger vehicle bumpers have a rigid reinforcing bar under the outer cover with sections of compressible foam or plastic underneath which helps in damage control of these vehicles. As stated by U.S. Government, every passenger vehicle bumper must absorb a minimum five mph impact from another vehicle with no damage to the car body. This trend has brought significant growth in demand ofor strong and durable vehicle bumpers. Apart from providing protection to the vehicle’s passengers as well as pedestrian protection, bumpers also help enhance the vehicle’s appearance which tend to uplift its market growth across various automotive industries.
Report Coverage
The report: “Global Vehicle Bumper Industry Outlook – Forecast (2021-2026)”, by IndustryARC covers an in-depth analysis of the following segments of the Global Vehicle Bumper Market.
By Type: Standard bumper, Step bumper, Cowboy bumper, Tube bumper, Roll pan bumper and Others.
By Vehicle Type: Commercial vehicles (Light commercial vehicles and Heavy commercial vehicles), Passenger Vehicles, Hybrid vehicles and Others.
By Material Type: Composite Plastic, Metal, Carbon Fibre, Thermoplastic polymers and Others.
By Geography: North America(U.S., Canada and Mexico); Europe(U.K., Germany, Italy, France, Spain, Russia, Rest of Europe); APAC (China, Japan, South Korea, India, Australia, Rest of APAC); South America(Brazil, Argentina, Rest of Americas); RoW (Middle East & Africa).
Key Takeaways
- Increasing production of different vehicle types across the globe is analysed to significantly drive the Global Vehicle Bumper Market during the forecast period 2021-2026.
- Standard bumper is analysed to hold highest share in 2020 owing to the availability of these bumper in majority of the vehicles during production. These are generally factory-installed bumper according to the vehicle design and type. This tend to uplift its market growth across the globe during the forecast period.
- Thermoplastic polymer is expected to hold the highest market share in the forecast period owing to its physical properties such as toughness, flexibility and resistance to abrasion and temperature.
- Asia-Pacific is analysed to hold the highest share in 2020 owing to the largest production of vehicles and sales in this region. The presence of high population density further boosts the demand of vehicles which is a major growth factor of Global Vehicle Bumper Market.
Global Vehicle Bumper Market Share, By Region, 2020 (%)
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Global Vehicle Bumper Market Segment Analysis - By Type
By Type, the Global Vehicle Bumper Market Report is segmented into Standard bumper, Step bumper, Cowboy bumper, Tube bumper, Roll pan bumper and Others. Standard bumpers are analysed to hold highest share 41.17% in 2020 owing to its availability in the stock vehicles. Automotive manufacturers installs standard bumpers as stock bumper for various vehicle segments as these are designed according to the vehicle type and style. According to International Organization of Motor Vehicle Manufacturers (OICA), total production of vehicles across the globe in the first quarter of 2021 was recorded to grow by 16.9% as compared to 2020. This huge variation in production of vehicles further boosts the demand of standard bumper as they are first choice by the OEMs which tend to uplift the market growth during the forecast period.
Global Vehicle Bumper Market Segment Analysis - By Material Type
By Material Type, the Global Vehicle Bumper Market Report is segmented into Composite Plastic, Metal, Carbon Fibre, Thermoplastic polymers and Others. Thermoplastic polymers segment is analysed to hold the highest share during the forecast period 2021-2026. Thermoplastic polymer offers supreme physical properties such as toughness, flexibility and resistance to abrasion and temperature to absorb huge impacts and provide enhanced damage control for vehicles. Thermoplastic olefins are a type used in the automotive industry because of their energy absorbing qualities, ease of manufacture and low cost. Nowadays, leading automotive manufacturers install bumpers made with thermoplastic polymers across the globe. This increasing demand tend to drive its market growth during the forecast period. Moreover, due to their low weight, thermoplastics allow for substitution freedom in the design of parts and components allowing the development of forms that would not be possible with any other material. This outmost flexibility to the automotive manufacturers in designing their desired vehicles has brought a huge impact in its demand, further driving its market growth.
Global Vehicle Bumper Market Segment Analysis – By Geography
Asia-Pacific is analysed to be the major region with a share of 35% in 2020 for the Global Vehicle Bumper Market owing to the largest production and sales of vehicles in this region. According to the International Organization of Motor Vehicle Manufacturers (OICA), Asia-Pacific region holds the first position in total vehicle production across the globe. For instance, Asia-Pacific accounts for 56% of global production of vehicles in the first quarter of 2021. Moreover, it is analysed that the demand of vehicle will grow during the forecast period. This increasing production of vehicle will bring significant growth in the demand of vehicle bumpers further driving its market growth during the forecast period. With the ongoing infrastructure developments and urbanization of highly populated countries such as China, India, Japan and Others, the automobile sector has been gaining popularity in last few years. This tends to further drive the market growth of vehicle bumper in this region.
Global Vehicle Bumper Market Drivers
Increasing sales and production of vehicles is driving the demand of vehicle bumpers
Increasing production and sales of different vehicle types across the globe has brought a significant growth in the Global Vehicle Bumper Market. Vehicle bumper is one of the most prior components of any vehicle type as it promotes safety to the passengers and reduce the damages in case of any accident. Automotive manufacturers across the various parts of the globe are been installing bumpers of various material type according to their design and application. This tends to bring a huge impact on the market growth of vehicle bumper during the forecast period. According to the International Organization of Motor Vehicle Manufacturers (OICA), total production of vehicles across the globe in the first quarter of 2021 was recorded to grow by 16.9% as compared to 2020. Among this, passenger cars hold the major segment by accounting of 14,679,441 units production in the first quarter of 2021 with a growth of 15.9% as compared to 2020. This huge production growth is analysed to grow during the forecast period which tend to uplift the demand of vehicle bumper further driving its growth in the global market.
Rising safety concerns and government regulations is propelling the Global Vehicle Bumper Market growth
Rising safety concerns of the passengers is driving the Global Vehicle bumper market growth. The consistent rise in vehicle production has brought huge traffic in various parts of the world. In regions with high population densities, the traffic is bound to remain high. Huge traffic growth further increases the risk of accidents. This creates huge impact in rising safety standards of automobiles which boosts the adoption of high-efficient and strong bumpers across a wide range of vehicle types. This safety concern tends to drive the Global vehicle bumper market growth during the forecast period. Moreover, the implementation of Government regulations for passenger safety has brought significant growth in the adoption of vehicle bumpers across the globe. For instance, U.S. Government made mandatory for every passenger vehicle to install bumpers which must absorb minimum five mph impact from another vehicle with no damage to the car body. These regulations tend to drive the Vehicle bumper market growth during the forecast period.
Global Vehicle Bumper Market Challenges
Increasing demand of luxury over safety is analysed to hamper the Global Vehicle Bumper Market growth
One of the most important factors restraining the market growth of Vehicle bumpers in the global market is the increasing demand for luxury over safety. Luxury vehicles such as sedans with bumpers looks unattractive to majority of the customers. Many customers often get rid of vehicle bumper to enhance the appearance of their vehicle. This factor trend to restrict their sales of luxury vehicles across the globe. This leads to manufacturing of luxury vehicles without bumper which further bring major challenges in its market growth. This increasing demand of luxury over safety tend to hamper the Global Vehicle bumper market growth during the forecast period.
Global Vehicle Bumper Market Landscape
Production Innovation, Acquisitions, Collaboration, and R&D activities are key strategies adopted by players in the Global Vehicle Bumper Market. In 2020, the market of Vehicle Bumper industry outlook has been fragmented by several companies. Global Vehicle Bumper top 10 companies include:
- Plastic Omnium SA
- Magna International
- Futaba Industrial Co.
- Toyoda Gosei Co.
- Hyundai Mobis Co.
- Flex-N-Gate Corporation
- SMP Deutschland GmbH
- NTF (India) Private Ltd
- Toyota Boshoku Corporation
- Toray Industries
Acquisitions/Technology Launches/Partnerships
- In November 2019, Hyundai Mobis launched the world's first radar-applied R-AEB (Rear-Autonomous Emergency Braking) for parking assist technology and applied Ultra Short-Range Radar (USRR) in it. In terms of design, USRR is installed inside the bumper which has an ultrasound sensor built in it. This promotes safety and uplift of the market growth.
Relevant Report Titles:
Report Code: AM 48281
Report Code: AM 80860
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1. Global Vehicle Bumper Market Overview
1.1 Definitions and Scope
2. Global Vehicle Bumper Market- Executive Summary
2.1 Market Revenue, Market Size and Key Trends by Company
2.2 Key trends By Service Type
2.3 Key trends segmented by Geography
3. Global Vehicle Bumper Market
3.1 Comparative Analysis
3.1.1 Product/Service Benchmarking-Top 5 Companies
3.1.2 Top 5 Financial Analysis
3.1.3 Market Value Split by Top 5 Companies
3.1.4 Patent Analysis
3.1.5 Pricing Analysis
4. Global Vehicle Bumper Market– By Startup Company Scenario (Premium)
4.1 Investment
4.2 Revenue
4.3 Venture Capital Funding
5. Global Vehicle Bumper Market– By Industry Market Entry Scenario Premium (Premium)
5.1 Regulatory Framework
5.2 Customer Analysis
5.3 Case Studies
5.4 Ease of Doing Business Index
6. Global Vehicle Bumper Market- Market Forces
6.1 Market Drivers
6.2 Market Constraints/Challenges
6.3 Porters five force model
6.3.1 Bargaining power of suppliers
6.3.2 Bargaining powers of customers
6.3.3 Network of new entrants
6.3.4 Rivalry among existing players
6.3.5 Network of substitutes
7. Global Vehicle Bumper Market– By Strategic Analysis (Market Size -$Million/Billion)
7.1 Value Chain Analysis
7.2 Opportunities Analysis
7.3 Product Life Cycle/Market Life Cycle Analysis
7.4 Suppliers and Distributors
8. Global Vehicle Bumper Market– By Type
8.1 Standard bumper
8.2 Step bumper
8.3 Cowboy bumper
8.4 Tube bumper
8.5 Roll pan bumper
8.6 Others.
9. Global Vehicle Bumper Market– By Vehicle Type
9.1 Commercial vehicles
9.1.1 Light commercial vehicles
9.1.2 Heavy commercial vehicles
9.2 Passenger Vehicles
9.3 Hybrid vehicles
9.4 Others
10. Global Vehicle Bumper Market– By Material Type
10.1 Composite Plastic
10.2 Metal
10.3 Carbon Fibre
10.4 Thermoplastic polymers
10.5 Others
11. Global Vehicle Bumper Market– By Region
11.1 North America
11.1.1 U.S
11.1.2 Canada
11.1.3 Mexico
11.2 South America
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 Europe
11.3.1 Germany
11.3.2 France
11.3.3 UK
11.3.4 Italy
11.3.5 Spain
11.3.6 Russia
11.3.7 Rest of Europe
11.4 APAC
11.4.1 China
11.4.2 Japan
11.4.3 South Korea
11.4.4 India
11.4.5 Australia
11.4.6 Rest of APAC
11.5 RoW
11.5.1 Middle East
11.5.2 Africa
12. Global Vehicle Bumper Market- Industry Landscape Analysis (Premium)
12.1 Market Share by Region
12.2 Market Share by Industry
12.3 Market Share by Type
13. Global Vehicle Bumper Market- Key Companies by Country (Premium)
14. Global Vehicle Bumper Market Entropy
14.1 New Product Launches
14.2 M&As, Collaborations, JVs and Partnerships
15. Global Vehicle Bumper Market- Company Analysis
15.1 Plastic Omnium SA
15.2 Magna International
15.3 Futaba Industrial Co.
15.4 Toyoda Gosei Co.
15.5 Hyundai Mobis Co.
15.6 Flex-N-Gate Corporation
15.7 SMP Deutschland GmbH
15.8 NTF (India) Private Ltd
15.9 Toyota Boshoku Corporation
15.10 Toray Industries
LIST OF TABLES
1.Global Key Manufacturers Market 2019-2024 ($M)1.1 Tong Yang Market 2019-2024 ($M) - Global Industry Research
1.2 Hyundai Mobis Market 2019-2024 ($M) - Global Industry Research
1.3 Plastic Omnium Market 2019-2024 ($M) - Global Industry Research
1.4 HuaYu Automotive Market 2019-2024 ($M) - Global Industry Research
1.5 Seoyon E-Hwa Market 2019-2024 ($M) - Global Industry Research
1.6 Jiangnan MPT Market 2019-2024 ($M) - Global Industry Research
1.7 Ecoplastic Market 2019-2024 ($M) - Global Industry Research
1.8 SMP Market 2019-2024 ($M) - Global Industry Research
1.9 Zhejiang Yuanchi Market 2019-2024 ($M) - Global Industry Research
1.10 Benteler Market 2019-2024 ($M) - Global Industry Research
1.11 Magna Market 2019-2024 ($M) - Global Industry Research
1.12 YanFeng Market 2019-2024 ($M) - Global Industry Research
2.Global By Plastic Bumper Market 2019-2024 ($M)
3.Global Market by Type Market 2019-2024 ($M)
3.1 Plastic Bumper Market 2019-2024 ($M) - Global Industry Research
3.2 Metal Bumper Market 2019-2024 ($M) - Global Industry Research
4.Global Key Manufacturers Market 2019-2024 (Volume/Units)
4.1 Tong Yang Market 2019-2024 (Volume/Units) - Global Industry Research
4.2 Hyundai Mobis Market 2019-2024 (Volume/Units) - Global Industry Research
4.3 Plastic Omnium Market 2019-2024 (Volume/Units) - Global Industry Research
4.4 HuaYu Automotive Market 2019-2024 (Volume/Units) - Global Industry Research
4.5 Seoyon E-Hwa Market 2019-2024 (Volume/Units) - Global Industry Research
4.6 Jiangnan MPT Market 2019-2024 (Volume/Units) - Global Industry Research
4.7 Ecoplastic Market 2019-2024 (Volume/Units) - Global Industry Research
4.8 SMP Market 2019-2024 (Volume/Units) - Global Industry Research
4.9 Zhejiang Yuanchi Market 2019-2024 (Volume/Units) - Global Industry Research
4.10 Benteler Market 2019-2024 (Volume/Units) - Global Industry Research
4.11 Magna Market 2019-2024 (Volume/Units) - Global Industry Research
4.12 YanFeng Market 2019-2024 (Volume/Units) - Global Industry Research
5.Global By Plastic Bumper Market 2019-2024 (Volume/Units)
6.Global Market by Type Market 2019-2024 (Volume/Units)
6.1 Plastic Bumper Market 2019-2024 (Volume/Units) - Global Industry Research
6.2 Metal Bumper Market 2019-2024 (Volume/Units) - Global Industry Research
7.North America Key Manufacturers Market 2019-2024 ($M)
7.1 Tong Yang Market 2019-2024 ($M) - Regional Industry Research
7.2 Hyundai Mobis Market 2019-2024 ($M) - Regional Industry Research
7.3 Plastic Omnium Market 2019-2024 ($M) - Regional Industry Research
7.4 HuaYu Automotive Market 2019-2024 ($M) - Regional Industry Research
7.5 Seoyon E-Hwa Market 2019-2024 ($M) - Regional Industry Research
7.6 Jiangnan MPT Market 2019-2024 ($M) - Regional Industry Research
7.7 Ecoplastic Market 2019-2024 ($M) - Regional Industry Research
7.8 SMP Market 2019-2024 ($M) - Regional Industry Research
7.9 Zhejiang Yuanchi Market 2019-2024 ($M) - Regional Industry Research
7.10 Benteler Market 2019-2024 ($M) - Regional Industry Research
7.11 Magna Market 2019-2024 ($M) - Regional Industry Research
7.12 YanFeng Market 2019-2024 ($M) - Regional Industry Research
8.North America By Plastic Bumper Market 2019-2024 ($M)
9.North America Market by Type Market 2019-2024 ($M)
9.1 Plastic Bumper Market 2019-2024 ($M) - Regional Industry Research
9.2 Metal Bumper Market 2019-2024 ($M) - Regional Industry Research
10.South America Key Manufacturers Market 2019-2024 ($M)
10.1 Tong Yang Market 2019-2024 ($M) - Regional Industry Research
10.2 Hyundai Mobis Market 2019-2024 ($M) - Regional Industry Research
10.3 Plastic Omnium Market 2019-2024 ($M) - Regional Industry Research
10.4 HuaYu Automotive Market 2019-2024 ($M) - Regional Industry Research
10.5 Seoyon E-Hwa Market 2019-2024 ($M) - Regional Industry Research
10.6 Jiangnan MPT Market 2019-2024 ($M) - Regional Industry Research
10.7 Ecoplastic Market 2019-2024 ($M) - Regional Industry Research
10.8 SMP Market 2019-2024 ($M) - Regional Industry Research
10.9 Zhejiang Yuanchi Market 2019-2024 ($M) - Regional Industry Research
10.10 Benteler Market 2019-2024 ($M) - Regional Industry Research
10.11 Magna Market 2019-2024 ($M) - Regional Industry Research
10.12 YanFeng Market 2019-2024 ($M) - Regional Industry Research
11.South America By Plastic Bumper Market 2019-2024 ($M)
12.South America Market by Type Market 2019-2024 ($M)
12.1 Plastic Bumper Market 2019-2024 ($M) - Regional Industry Research
12.2 Metal Bumper Market 2019-2024 ($M) - Regional Industry Research
13.Europe Key Manufacturers Market 2019-2024 ($M)
13.1 Tong Yang Market 2019-2024 ($M) - Regional Industry Research
13.2 Hyundai Mobis Market 2019-2024 ($M) - Regional Industry Research
13.3 Plastic Omnium Market 2019-2024 ($M) - Regional Industry Research
13.4 HuaYu Automotive Market 2019-2024 ($M) - Regional Industry Research
13.5 Seoyon E-Hwa Market 2019-2024 ($M) - Regional Industry Research
13.6 Jiangnan MPT Market 2019-2024 ($M) - Regional Industry Research
13.7 Ecoplastic Market 2019-2024 ($M) - Regional Industry Research
13.8 SMP Market 2019-2024 ($M) - Regional Industry Research
13.9 Zhejiang Yuanchi Market 2019-2024 ($M) - Regional Industry Research
13.10 Benteler Market 2019-2024 ($M) - Regional Industry Research
13.11 Magna Market 2019-2024 ($M) - Regional Industry Research
13.12 YanFeng Market 2019-2024 ($M) - Regional Industry Research
14.Europe By Plastic Bumper Market 2019-2024 ($M)
15.Europe Market by Type Market 2019-2024 ($M)
15.1 Plastic Bumper Market 2019-2024 ($M) - Regional Industry Research
15.2 Metal Bumper Market 2019-2024 ($M) - Regional Industry Research
16.APAC Key Manufacturers Market 2019-2024 ($M)
16.1 Tong Yang Market 2019-2024 ($M) - Regional Industry Research
16.2 Hyundai Mobis Market 2019-2024 ($M) - Regional Industry Research
16.3 Plastic Omnium Market 2019-2024 ($M) - Regional Industry Research
16.4 HuaYu Automotive Market 2019-2024 ($M) - Regional Industry Research
16.5 Seoyon E-Hwa Market 2019-2024 ($M) - Regional Industry Research
16.6 Jiangnan MPT Market 2019-2024 ($M) - Regional Industry Research
16.7 Ecoplastic Market 2019-2024 ($M) - Regional Industry Research
16.8 SMP Market 2019-2024 ($M) - Regional Industry Research
16.9 Zhejiang Yuanchi Market 2019-2024 ($M) - Regional Industry Research
16.10 Benteler Market 2019-2024 ($M) - Regional Industry Research
16.11 Magna Market 2019-2024 ($M) - Regional Industry Research
16.12 YanFeng Market 2019-2024 ($M) - Regional Industry Research
17.APAC By Plastic Bumper Market 2019-2024 ($M)
18.APAC Market by Type Market 2019-2024 ($M)
18.1 Plastic Bumper Market 2019-2024 ($M) - Regional Industry Research
18.2 Metal Bumper Market 2019-2024 ($M) - Regional Industry Research
19.MENA Key Manufacturers Market 2019-2024 ($M)
19.1 Tong Yang Market 2019-2024 ($M) - Regional Industry Research
19.2 Hyundai Mobis Market 2019-2024 ($M) - Regional Industry Research
19.3 Plastic Omnium Market 2019-2024 ($M) - Regional Industry Research
19.4 HuaYu Automotive Market 2019-2024 ($M) - Regional Industry Research
19.5 Seoyon E-Hwa Market 2019-2024 ($M) - Regional Industry Research
19.6 Jiangnan MPT Market 2019-2024 ($M) - Regional Industry Research
19.7 Ecoplastic Market 2019-2024 ($M) - Regional Industry Research
19.8 SMP Market 2019-2024 ($M) - Regional Industry Research
19.9 Zhejiang Yuanchi Market 2019-2024 ($M) - Regional Industry Research
19.10 Benteler Market 2019-2024 ($M) - Regional Industry Research
19.11 Magna Market 2019-2024 ($M) - Regional Industry Research
19.12 YanFeng Market 2019-2024 ($M) - Regional Industry Research
20.MENA By Plastic Bumper Market 2019-2024 ($M)
21.MENA Market by Type Market 2019-2024 ($M)
21.1 Plastic Bumper Market 2019-2024 ($M) - Regional Industry Research
21.2 Metal Bumper Market 2019-2024 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Global Vehicle Bumper Market Revenue, 2019-2024 ($M)2.Canada Global Vehicle Bumper Market Revenue, 2019-2024 ($M)
3.Mexico Global Vehicle Bumper Market Revenue, 2019-2024 ($M)
4.Brazil Global Vehicle Bumper Market Revenue, 2019-2024 ($M)
5.Argentina Global Vehicle Bumper Market Revenue, 2019-2024 ($M)
6.Peru Global Vehicle Bumper Market Revenue, 2019-2024 ($M)
7.Colombia Global Vehicle Bumper Market Revenue, 2019-2024 ($M)
8.Chile Global Vehicle Bumper Market Revenue, 2019-2024 ($M)
9.Rest of South America Global Vehicle Bumper Market Revenue, 2019-2024 ($M)
10.UK Global Vehicle Bumper Market Revenue, 2019-2024 ($M)
11.Germany Global Vehicle Bumper Market Revenue, 2019-2024 ($M)
12.France Global Vehicle Bumper Market Revenue, 2019-2024 ($M)
13.Italy Global Vehicle Bumper Market Revenue, 2019-2024 ($M)
14.Spain Global Vehicle Bumper Market Revenue, 2019-2024 ($M)
15.Rest of Europe Global Vehicle Bumper Market Revenue, 2019-2024 ($M)
16.China Global Vehicle Bumper Market Revenue, 2019-2024 ($M)
17.India Global Vehicle Bumper Market Revenue, 2019-2024 ($M)
18.Japan Global Vehicle Bumper Market Revenue, 2019-2024 ($M)
19.South Korea Global Vehicle Bumper Market Revenue, 2019-2024 ($M)
20.South Africa Global Vehicle Bumper Market Revenue, 2019-2024 ($M)
21.North America Global Vehicle Bumper By Application
22.South America Global Vehicle Bumper By Application
23.Europe Global Vehicle Bumper By Application
24.APAC Global Vehicle Bumper By Application
25.MENA Global Vehicle Bumper By Application