Plastic Bumpers is usually a metal bar or beam, attached the vehicle's front-most and rear-most ends, designed to absorb impact in a collision. The main function of a bumper is to protect the car's body in a slight collision, typically at parking speed. Front and rear bumpers on today's cars generally consist of a plastic cover over a reinforcement bar made of steel, aluminum, fiberglass composite or plastic.
Global sales of Plastic Bumpers is expected to be over 100 million units in 2016 and about 72% have been sales in China, Europe and North America regions. For the product types, Front Bumper occupies the largest market share (about 63% in 2016), and followed by Rear Bumper.
The Plastic Bumpers industry is concentrated; there are 11 manufacturers (about 82% of Asia-Pacific total sales) counted in the report. Major manufactures are Plastic Omnium, Magna, SMP, Tong Yang, Benteler, Hyundai Mobis, KIRCHHOFF, HuaYu Automotive, Seoyon E-Hwa, Flex-N-Gate, Toyoda Gosei, Jiangnan MPT, Rehau, Ecoplastic, Zhejiang Yuanchi and etc.
Due to national industrial policy support and growing industry standardization, Plastic Bumpers Industry is developing in the good direction. Despite the presence of competition problems, due to the global recovery trend, investors are still optimistic about this area; the future will still have more new investment enter the field. For the fierce competition between suppliers, the price and gross margin is expected to decrease further.
But we also should notice that there is a gap in the sales technology and equipment compared to developed countries. Domestic industry should focus on research on new material and process. The falling prices of raw materials could be a good signal for Automotive Bumper Industry.
According to this study, over the next five years the Plastic Bumpers market will register a 2.1% CAGR in terms of revenue, the global market size will reach USD 12900 million by 2024, from USD 11300 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Plastic Bumpers business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Plastic Bumpers market by product type, application, key manufacturers and key regions and countries.
This study considers the Plastic Bumpers value and volume generated from the sales of the following segments-
Segmentation by product type- breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Front Bumper
Rear Bumper
Segmentation by application- breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Passenger Vehicle
Commercial Vehicle
This report also splits the market by region- Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report- Breakdown data in in Chapter 3.
Plastic Omnium
Magna
SMP
Tong Yang
Hyundai Mobis
KIRCHHOFF
HuaYu Automotive
Seoyon E-Hwa
Flex-N-Gate
Toyoda Gosei
Jiangnan MPT
Rehau
Ecoplastic
Zhejiang Yuanchi
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Plastic Bumpers consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Plastic Bumpers market by identifying its various subsegments.
Focuses on the key global Plastic Bumpers manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Plastic Bumpers with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Plastic Bumpers submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
