Global Automotive OE Bumper Cover Market: Overview

The global automotive OE bumper cover was worth US$30.44 bn in 2016 and is projected to be worth US$47.15 bn by the end of 2025, as the market promises to surge at a CAGR of 8.89% between 2017 and 2025. The steady rise for automotive OE bumper covers is attributable to growing importance toward vehicular safety. The bumper cover designs vary with upcoming models owing to which the manufacturer has to invest in new die molds and the manufacturing process require constant up-gradation.

The global market of OE bumper cover is segmented according to design type, material type, process type, vehicle type and geography. By design the bumper cover market can be classified under standard bumper cover, deep down bumper cover, and roll pan bumper cover. The standard bumper covers are the most widely used bumper covers with maximum market share. The deep down bumper covers are expected to grow in the forecast period owing to increased demand of SUV’s and crossovers. The improved trade reforms and growing economy has necessitated the use of commercial vehicles thus surging the demand for roll pan bumper covers.

automotive-oe-bumper-cover-market.jpgBetter Resistance Offered by Thermoplastic Improves Demand for Material

By material the bumper cover market is segmented into thermoplastic, thermoset, and metals. The thermoplastic bumper covers use a variety of polymers and blends of polypropylene, acrylonitrile butadiene styrene, polybutylene terephthalate, and polycarbonate blends. As the thermoplastic material have better sun resistance and are more durable the bumper cover market has been dominated by this material. The easy processing of the thermoplastic material and there molding due to its elastic characteristics has elevated the preference to use this material for manufacturing bumper cover. The thermoset materials are the polyurethane and its blends. The thermoset material is tougher and is used on commercial vehicles. The metal bumper covers are used on heavy duty and off road commercial vehicle there use in the passenger cars are restricted due to observe pedestrian safety.

By process type the vehicle market is classified under injection molding, reaction injection molding, vacuum forming and others. Injection molding has the highest market presence being a simpler and cost efficient process. Injection molding is used for manufacturing of thermoplastic bumpers, urethane blends can also be processed using injection molding. With increase in plastic bumper covers the demand for the injection molded bumpers is estimated to rise. The reaction injection process is widely used for the thermoset urethane bumpers. The reaction injection molded bumpers are mostly used on the commercial vehicles. Use of vacuum forming for manufacturing bumper cover is relatively new concept. The production cost of bumper cover manufactured from the vacuum forming is 10%-15% lower than injection molding thus considerably minimizing overall product and manufacturing cost. The market for vacuum formed bumper cover is projected to grow given the competitive pricing with same durable quality. Other manufacturing process include the extrusion, stamping, extrusion blow molding and blow molding and compression molding. Extrusion and stamping process are used for the manufacturing of metal cover bumpers.

By vehicle type, the bumper cover market is analyzed by segmenting into passenger vehicles and commercial vehicles. The passenger vehicle segment holds a stronger market position owing to increased production of passenger cars. The rise in commercial vehicle production in developing countries like China, India, Mexico and Brazil is formidable to surge the bumper cover market.

Emerging Economies of Asia Pacific Accelerate Uptake of Automotive OE Bumper Covers

Geographically the market is spread across regions segmented as North America, Europe, Asia-Pacific, Latin America and Middle East and Africa. Availability of synthetic plastic raw materials in Asia Pacific region has boosted the bumper cover industry in the region. Presence of companies like China with competitive pricing is leading the bumper cover market in the Asia-Pacific region. Europe is the second largest plastic producing region globally with Germany as its prime player. This plastic technology experience has helped Europe sustain Europe in the bumper cover market.

Key players in the automotive bumper cover market include Compagnie Plastic Omnium SA, Magna International Inc, TONG YANG GROUP, NFT India Pvt. Ltd., TOYOTA BOSHOKU CORPORATION, SEOYON E-HWA, TOYODA GOSEI Co.,Ltd. , Montaplast GmbH, Magneti Marelli S.p.A. and  LG HAUSYS,LTD.

Global Automotive OE Bumper Cover Market: Snapshot

This report analyzes and forecasts the market for automotive OE bumper cover at the global and regional level. The market has been forecast based on revenue (US$ Mn) and volume (Units) from 2017 to 2025. The study includes drivers and restraints of the global automotive OE bumper cover market. It also covers the impact of these drivers and restraints on demand for automotive OE bumper cover during the forecast period. The report also highlights opportunities in the automotive OE bumper cover market at the global and regional level.

The report comprises a detailed value chain analysis, which provides a comprehensive view of the global automotive OE bumper cover market. Porter’s Five Forces model for the automotive bumper cover market has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis of each segment and they are benchmarked based on their market size, growth rate, and general attractiveness.

Global Automotive OE Bumper Cover Market: Segmentation

The study provides a decisive view of the global automotive OE bumper cover market by segmenting it in terms of design type, material type, process type, vehicle type, and region. These segments have been analyzed based on present and future trends. Regional segmentation includes the current and forecast demand for automotive OE bumper cover market in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report also covers demand for individual application segments in all the regions.

The report provides the estimated market size of automotive OE bumper cover market for 2016 and forecast for the next nine years. The global market size of automotive OE bumper cover has been provided in terms of revenue and volume. Market numbers have been estimated based on key design type, material, process, vehicle type, and regional segments of automotive OE bumper cover market. Market size and forecast for each major design type, material type, process type and vehicle type have been provided in terms of global and regional/country markets.

Global Automotive OE Bumper Cover Market: Research Methodologies

In order to compile the research report, we conducted in-depth interviews and discussions with a number of key industry participants and opinion leaders. Primary research represents the bulk of research efforts, supplemented by extensive secondary research. We reviewed key players’ product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research also includes a search of recent trade, technical writing, internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise market data, capturing industry participants’ insights, and recognizing business opportunities.

Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, and SEC filings, internal and external proprietary databases, and relevant patent and regulatory databases, national government documents, statistical databases, and market reports, news articles, press releases, and webcasts specific to companies operating in the market, National government documents, statistical databases, and market reports, American Automobile Association, European Automobile Manufacturers Association, Automotive Research Association of India, Organisation Internationale des Constructeurs d'Automobile (OICA), Factiva, etc.

Primary research involves e-mail interactions, telephonic interviews, and face-to-face interviews for each market, category, segment, and sub-segment across geographies. We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate the data and analysis. Primary interviews provide firsthand information on market size, market trends, growth trends, competitive landscape, and outlook, etc. These help validate and strengthen secondary research findings. These also help develop the analysis team’s expertise and market understanding.

Global Automotive OE Bumper Cover Market: Competitive Landscape

The study includes profiles of major companies operating in the global automotive OE bumper cover market. Key players in the automotive OE bumper cover market include Compagnie Plastic Omnium SA, Magna International Inc., TONG YANG GROUP, NFT India Pvt. Ltd., TOYOTA BOSHOKU CORPORATION, SEOYON E-HWA, TOYODA GOSEI Co., Ltd. ,Montaplast GmbH, Magneti Marelli S.p.A. and  LG HAUSYS,LTD.,  . Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, recent developments, and SWOT analysis. The automotive OE bumper cover market is primarily driven by rising vehicle production and adoption of safety standards.

The automotive OE bumper cover market has been segmented as follows:

Global Automotive OE Bumper Cover Market: By Design Type

  • Standard
  • Deep Down
  • Roll Pan

Global Automotive OE Bumper Cover Market: By Material Type

  • Thermoplastic
  • Thermoset
  • Metal

Global Automotive OE Bumper Cover Market: By Process Type

  • Injection Molding
  • Reaction Injection Molding
  • Vacuum Forming
  • Others

Global Automotive OE Bumper Cover Market: By Vehicle Type

  • Passenger Vehicle
  • Commercial Vehicle

Global Automotive OE Bumper Cover Market Revenue, by Region/ by Countries/ by sub-region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • ASEAN
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America