Report Code: A14788 | Pages: NA | Apr 2023 | 1238 Views | ||
Author(s) : NA | Tables: NA | Charts: NA |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Automotive Bumper Market
Request Now !A bumper is a structure that is connected to or integrated with the front & rear ends of the motor vehicle, and it plays an important role in absorbing the impact during collisions. The bumpers cannot reduce the effect of impact at high speeds but they can reduce the injury caused to the pedestrians struck by the cars. The bumpers protect the hood, fuel, exhaust, and cooling system. Apart from the safety feature, the automotive bumper is also used for the attractive look of vehicles. Initially, bumpers were just rigid metal bars, and the construction was not very reliable as they were used for cosmetic function of the vehicles. Numerous developments, improvements in metal & technologies, and focus on protecting vehicle components have improved the safety and modified the bumpers over the years. The increased level of automation as well as rapid rate of change in material advancements and integration leads to the rise in the growth of the automotive bumper market
COVID-19 Impact Analysis
The COVID-19 pandemic has spread across the globe, affecting every aspect of society, including the automobile industry. The automobile components and accessory manufacturing plants have stopped the production, including automotive bumpers. The auto sector also faced significant employment losses as a result of interruptions in demand and supply chain, resulting in a decrease in revenue generation. The sudden decline in the industry has presented a challenge for the automotive manufacturers to plan for recovery following the lockdown. Although the entire auto industry is facing significant challenges, the right action plan at a specific time assists to invalidate the economic slowdown of the automobile bumper market.Â
Top Impacting Factors
The Automotive Bumper Market Trends are as Follows:
Creative Design and Robust Build Quality
Major auto companies across the globe are working on the shape of automotive plastic bumpers. In terms of safety, the automakers are constantly improving the quality of the bumpers by integrating plastic bumpers that increase the strength, rigidity, and structural properties of car bumpers., The front and rear bumpers from Hyundai Motor use plastic as a raw material which has resulted in better protection quality of bumper, after 20 years of research. Therefore, the bumper has become an essential part of automotive exterior decoration, leading to increase in demand for auto sector in both new and aftermarket vehicles Therefore, the global car bumper market is expected to grow at a formidable rate.Â
Key Benefits of the Report:
Questions Answered in the Automotive Bumper Market Research Report:
Automotive Bumper Market Report Highlights
Aspects | Details |
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By Vehicle type |
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By Raw Material |
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By Product Type |
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Key Market Players | Toyota Boshoku Corporation, Plastic Omnium, Magna International, Inc, (NTF) India Private.Ltd, Faurecia SA, Flex-N-Gate Corporation, Hyundai Mobis Co. Ltd, SMP Deutschland GmbH, Futaba Industrial Co. Ltd, Toyoda Gosei Co. Ltd |
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