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.

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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.

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Some of the key topics covered in the report include:

Market Landscape

Market ecosystem Market characteristics Market segmentation analysis

Market Sizing

Market definition Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered Vendor classification Market positioning of vendors Competitive scenario

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SOURCE: Technavio Research

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PUB: 09/11/2018 07:13 AM/DISC: 09/11/2018 07:13 AM