Global Automotive Front End Module Market was valued US$ 54.26Bn in 2017 and is expected to reach US$ 125.32Bn by 2026 at a CAGR of about 11.03% during a forecast.
Global Automotive Front End Module Market is segmented into by component, by vehicle, by material and by region. Based on component, Automotive Front End Module Market is classified into Radiator, Condenser, Core Support, Headlight, Front Grill, Bumpers, Fenders, Crash Management System & Others. In vehicle are parted into Passenger Vehicle, Light Commercial Vehicle & Heavy Commercial Vehicle. In Material are segmented into Steel, Plastic, Aluminium, Hybrid & Composites. Geographically into North America, Europe, Asia Pacific, Middle East & Africa and Latin America. Global industry Analysis and forecast 2018-2026.
Driving factors of automotive front end module market are production of vehicles. Rising demand for lightweight automotive front-end modules, Increase in demand and sales of commercial vehicles with technological advancements, government stringent emission norms, vehicle weight reduction and higher disposable incomes of the consumers leading to higher demand. Rising primary safety from accidents and growing consumer preferences in application of front end module for passengerâ€™s Vehicles have created huge demand in market for Automotive Front End Module Market.
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Vehicle parts modernization and emerging Aftermarket competitors can hamper the growth of Automotive Front End Module Market.
In terms of Vehicle, Passenger Vehicle segment is projected to grow at fastest during the forecast period. Future automobiles will need to satisfy stringent emission standards and the best way to do it with exciting technologies also to reduce accidental damage. Increasing production, increasing trend safety feature with solid defense and demand for passenger are growing much higher than previous year will boost the demand for Automotive Front End Module Market.
In terms of Material, Composites segment shares the largest market during the forecast period. Increase in production of passenger vehicle across the globe and rapid urbanization and rising drivers and passenger safety demanding more solid material. Composites material are ever-higher strength-to-weight ratios, corrosion resistivity, and workability features. Integration of additional functionality in components and saves assembly time, reduces costs, and lowers mass can create more opportunity in automotive front end module market.
Among region, Asia Pacific is expected to grow at the highest CAGR during the forecast period. Emerging economics and strong presence of manufacturers in Japan, South Korea, China, and India will boost the market in this region. Rise in disposal income, rapid changes in regulations to make transportation more advancing on the technology front and ever increasing population of this region will create more opportunity in Automotive Front End Module Market. China is the biggest producer of automobiles in the world and its government promoting the adoption of vehicles with higher fuel efficiency and lower emissions.
Faurecia SA, Denso Corporation, MAHLE GmbH, Calsonic Kansei Corporation, HBPO Group, Magna International Inc., Hyundai Mobis, Plastic Omnium, Samvardhana Motherson Group, Valeo S.A., Sherrill-Lubinski Corporation and Montaplast GmbH.
The scope of the Report Global Automotive Front End Module Market:
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Global Automotive Front End Module Market, by Component
Side Door Latch
Back Seat Latch
Global Automotive Front End Module Market, by Material
Global Automotive Front End Module Market, by Vehicle
Light Commercial Vehicle
Heavy Commercial Vehicle
Global Automotive Front End Module Market, by Region
Middle East & Africa
Key Player analyzed in the Global Automotive Front End Module Market Report:
Aisin Seiki Co., Ltd.
Mitsui Mining and Smelting Co., Ltd.
Prabha Engineering Pvt. Ltd
Strattec Security Co.
Shivani Locks Pvt. Ltd.
Brose Fahrzeugteile Gmbh & Co.
Inteva Products, Llc.
Minda VAST Access Systems Pvt. Ltd.
Wheel Movers Ltd
Calsonic Kansei Mahle GmbH
Easy Motion USA
Jiangsu Xinri E-Vehicle Co., Ltd.
Karbon Kinetics Limited
Pedego Electric Bikes
A2B Electric Bikes
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