Global Automotive Bumpers Market 2018-2022 | Increasing Prevalence of Chronic Disorders to Boost Demand | Technavio
Sep. 11, 2018
LONDON--(BUSINESS WIRE)--Sep 11, 2018-- analysts forecast the global automotive bumpers market to grow at a CAGR of nearly 3% during the forecast period, according to their latest market research report. However, the growth momentum of the market is expected to decelerate due to a decline in the year-over-year growth.
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Technavio has published a new market research report on the global automotive bumpers market from 2018-2022. (Graphic: Business Wire)
The development of smart automotive bumpers is one of the major trends being witnessed in the . Technological advancement is a major strategy used by vehicle makers to develop automotive components with increased functionalities. Vehicle makers have developed smart automotive bumpers, which have an integrated radar, front grill with the de-icing system, a lighting system based on flexible optical fibers along with impact detection and absorption system. A smart bumper is structure designed to absorb the impact in a road accident and offers protection through various pedestrian safety and driver assistance systems.
According to Technavio analysts, one of the key factors contributing to the growth of the global automotive bumpers market is the increasing fuel efficiency and reducing emissions:
Global automotive bumpers market: Automotive bumpers increase fuel efficiency and reduce emissions
Fuel efficiency and emissions are among the major factors driving technological innovations in vehicles. Vehicle makers have been identifying various avenues like lightweighting to improve the performance of vehicles without increasing emissions. Automotive bumpers made of lightweight materials are expected to decrease the overall weight and improve the performance of vehicles.
According to a senior analyst at Technavio for research on automotive components, “Automotive bumpers are generally made of impact absorbing materials, such as gas-filled cartridges, to absorb minor impacts. This element is supported by an aluminum or steel lateral beam followed by an egg-crate shaped or honeycomb styled plastic piece made of high-density polyethylene, which forms the outer covering of the automotive bumper. Steel and rubber automotive bumpers are being replaced with high-performance plastics, such as polypropylene, polyurethane, and polyvinyl-chloride. The use of these materials largely decreases production costs.”
Global automotive bumpers market: Segmentation analysis
The global automotive bumpers market research report provides market segmentation by region (the Americas, EMEA, and APAC). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
The Americas led the market in 2017 with a market share of nearly 34%. This region is expected to dominate the market through 2022, with an increase in its market share.
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market LandscapeMarket ecosystem Market characteristics Market segmentation analysis
Market SizingMarket definition Market size and forecast
Five Forces Analysis
Geographical SegmentationRegional comparison Key leading countries
Vendor LandscapeVendors covered Vendor classification Market positioning of vendors Competitive scenario
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INDUSTRY KEYWORD: TECHNOLOGY HARDWARE MANUFACTURING AUTOMOTIVE MANUFACTURING CHEMICALS/PLASTICS AUTOMOTIVE AFTERMARKET TIRES & RUBBER OTHER AUTOMOTIVE
SOURCE: Technavio Research
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