Global Automotive Bumper
Market Report
2024
As per Cognitive Market Research's latest published report, the Global Automotive Bumper market size was $27.77 Billion in 2021 and it is forecasted to reach $41.19 Billion by 2029. Automotive Bumper Industry's Compound Annual Growth Rate will be 4.9% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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As per Cognitive Market Research's latest published report, the Global Automotive Bumper market size was $27.77 Billion in 2021 and it is forecasted to reach $41.19 Billion by 2029. Automotive Bumper Industry's Compound Annual Growth Rate will be 4.9% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Automotive Bumper Market Sales Revenue 2021 | $ 27.77 Billion |
Global Automotive Bumper Market Sales Revenue 2029 | $ 41.19 Billion |
Global Automotive Bumper Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 4.9% |
Market Split by Bumper Type |
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Market Split by Vehicle Type |
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Market Split by Material |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Report scope is customizable as we have a huge database of Automotive Bumper industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Automotive Bumper Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
A bumper is a bar that is transversely fastened to the front or rear of a car body to prevent contact with obstacles or to lessen the impact of collisions between cars. In low-speed collisions, a bumper's primary function is to lessen or completely eliminate physical damage to the front and back of automobiles. Bumpers are intended to safeguard the hood, trunk, grille, cooling system, fuel, and exhaust systems. A bumper is a protective shield that is often composed of rubber, plastic, steel, or aluminum. Car collision shocks are absorbed by it.
The need for vehicles has increased as the population has grown. According to the data, 79.1 million automobiles were produced worldwide in 2021, 1.3 percent more than the previous year. Every day, an estimated 152,971 passenger automobiles were produced throughout the world in 2020. Every hour, around 6,374 passenger automobiles are created throughout the world. This rising vehicle production boosts the automotive bumper market.
But, fluctuations in raw material prices can hamper the growth of the market. Steel costs have increased by a staggering 215 percent since March 2020. The benchmark price for hot-rolled steel increased to $1,825, setting a new record. It traded between $500 and $800 before 2020. Similarly, the price of plastic not only because it depends heavily on the price of oil, but also because it is affected by other market conditions.
Nevertheless, currently, many people are focusing on installing extra safety features on their vehicles. This raises the demand for bumpers in cars. Similarly, the demand for lightweight bumpers is growing. This is expected to provide numerous opportunities for market growth.
Advancement is increasingly becoming an important component of a protective automotive. The increasing use of thermoplastic olefin, the introduction of materialized stereo lithography, and the development of bumpers made with recycled plastics are all factors that are changing the bumper manufacturing process.
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Motherson Group forms partnership with Marelli Automotive Lighting
Samvardhana Motherson Automotive Systems Group BV (SMRPBV), a firm within the Motherson Group, has signed an MoU (Memorandum of Understanding) with Marelli Automotive Lighting to develop a new technology relationship centered on smart lit external body elements. The alliance plans to concentrate on bumpers and front grilles, as well as other illuminable auto parts.
Top Companies Market Share in Automotive Bumper Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
Geographically, the global market is divided into regions like North America, Europe, Asia Pacific, Latin America, and Middle-east Countries. Asia Pacific was the dominant region with 34.65% of the total revenue market share in 2021. Asia Pacific dominates the automotive bumper market due to increasing vehicle production, rising vehicle production capacity, and government initiatives in developing countries such as India, China, and Japan.
The current report Scope analyzes Automotive Bumper Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
Global Automotive Bumper Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Automotive Bumper Industry growth. Automotive Bumper market has been segmented with the help of its Bumper Type, Vehicle Type Material, and others. Automotive Bumper market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on Bumper Type, the standard bumper segment is dominating the automotive bumper market owing to the rising popularity of the product.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Automotive Bumper Industry. Request a Free Sample PDF!
Based On The Vehicle Type, the passenger car segment dominates the market by taking high revenue market share. This is attributed owing to the growing manufacturing of passenger cars.
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Automotive Bumper market report 2024 Edition by contacting our team.
Based on the material, the plastic segment dominates the market. However, the aluminum segment is expected to grow at a high CAGR in the projected period owing to its plentiful, lightweight, and durable benefits.
Research Analyst at Cognitive Market Research
I am a research analyst working in the Transport & Logistics domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.
I am a research analyst working in various domains including the Consumer Goods domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.
I am committed to continuous learning and staying abreast of emerging trends in research methodologies. Regular participation in workshops, webinars, and industry conferences ensures that my skills remain sharp and relevant. I spearheaded research initiatives focused on market trends, customer behavior, and competitive landscapes. I have a demonstrated ability to transform complex data sets into clear and concise narratives that inform key business strategies. Collaborating with cross-functional teams, I played a pivotal role in shaping successful projects that hinged on robust research and analysis.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Automotive Bumper Market is witnessing significant growth in the near future.
In 2023, the Standard Bumper segment accounted for noticeable share of global Automotive Bumper Market and is projected to experience significant growth in the near future.
The Passenger Car segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Omnium SA, Futaba Industrial Co. and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Disclaimer:
Bumper Type | Standard Bumper, Deep Drop/Cowboy Bumper, Roll Pan Bumper, Step Bumper, Tuber Bumper |
Vehicle Type | Passenger Car, Light Commercial Vehicles, Heavy Commercial Vehicles |
Material | Steel, Plastic, Aluminum, Others |
List of Competitors | Omnium SA, Magna International, Futaba Industrial Co., Toyoda Gosei Co., Hyundai Mobis Co., Flex-N-Gate Corporation, SMP Deutschland GmbH, Faurecia SA, Toyota Boshoku Corporation, Toray Industries, Others |
This chapter will help you gain GLOBAL Market Analysis of Automotive Bumper. Further deep in this chapter, you will be able to review Global Automotive Bumper Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Purchase Add-Ons to Customize the Report Edition and get further granular data level data about the North America market. Add-On Cost: Request before placing the order, Respective Pricing will be informed after sending the inquiry
Qualitative Analysis for the North America Market: North America Automotive Bumper Market Trends North America Automotive Bumper Technological Road Map North America Automotive Bumper Market Drivers North America Automotive Bumper Market Restraints North America Automotive Bumper Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
You can purchase only the Executive Summary North America Market (2019 vs 2024 vs 2031)
Chapter 3 Europe Market Analysis
You can purchase only the Executive Summary Europe Market (2019 vs 2024 vs 2031)
Chapter 4 Asia-Pacific Market Analysis
You can purchase only the Executive Summary Asia Pacific Market (2019 vs 2024 vs 2031)
Chapter 5 South America Market Analysis
You can purchase only the Executive Summary South America Market (2019 vs 2024 vs 2031)
Chapter 6 Middle East and Africa Market Analysis
You can purchase only the Executive Summary Middle East and Africa Market (2019 vs 2024 vs 2031)
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Bumper Type Analysis 2019 -2031, will provide market size split by Bumper Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Bumper Type Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Vehicle Type Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 12 Market Split by Material Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Automotive Bumper market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Standard Bumper have a significant impact on Automotive Bumper market? |
What are the key factors affecting the Standard Bumper and Deep Drop/Cowboy Bumper of Automotive Bumper Market? |
What is the CAGR/Growth Rate of Passenger Car during the forecast period? |
By type, which segment accounted for largest share of the global Automotive Bumper Market? |
Which region is expected to dominate the global Automotive Bumper Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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