Automotive OE Bumper Cover Market : Increased Emphasis on Road Safety Impels Usa

Automotive OE Bumper Cover Market : Increased Emphasis on Road Safety Impels
Usage of Best Bumpers
Transparency Market Research observes that the competitive landscape in the global
automotive OE bumper cover market is highly fragmented. Players have made a
consistent effort toward designing innovative solutions for bumper covers. Some of
the integral players in the global automotive OE bumper cover market are Compagnie
Plastic Omnium SA, Samvardhana Motherson Group, and Magna International Inc.
The report suggests that vacuum foaming, specialized type of thermoforming process,
will gain momentum as it has a low processing cost. Companies such as Renault as
using this technique for manufacturing automotive OE bumper covers that offer the
safety any other but at a much affordable price. The need to cater to a wide range
of clients within their expected price range will be the very premise of tackling
cutthroat competition in the global market in the coming years.
The global automotive OE bumper cover market is estimated to be worth US$47.15
bn by the end of 2025 from US$30.44 bn in 2016. During the forecast years of 2017
and 2025, the global market is projected rise at a CAGR of 8.89%. Out of all the
materials, the thermoplastic polymer has been popular among automobile
manufacturers due their superior malleability. In terms of geography, the global
market will be led by Asia Pacific. The booming automobile manufacturing sector of
Asia Pacific is expected offer lucrative opportunities. China has a strong foothold in
the Asia Pacific due to its competitive pricing of the products.
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Increased Automobile Production Builds Demand for Automotive OE Bumper Covers
Automotive bumper cover is a plastic or metal cover or fascia that is placed over the
bumper rail bar. The bumper cover is a non-structural component of the vehicle body
that is fastened to the fenders and bulk head of the vehicle by clips. The use of
bumper cover facilitates safety to the vehicle and pedestrian during collision. During
the collision the contact of metal bumper rail with a pedestrian can cause severe
injury to the pedestrian thus a flexible and energy absorbing bumper cover is used to
dissipate the collision energy across the surface and provide protection.
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Increase in vehicle production is the major driving factor for the bumper cover
market. The development of plastic bumper covers have considerably reduced the cost
of the product thus helping it penetrate a wider market. Government regulations and
safety standards have mandated the use of bumpers thus prompting the use of
bumper covers. Stringent federal regulations of U.S. to withstand the damage up to
5mph and European Union law for the bumper cover design to prevent pedestrian leg
form injury are few of the drivers that have led the development of bumper cover
market. The increase in indulgence of off terrain driving has gained demand for the
deep down bumpers providing protection in trail drives. The rise in demand of the
SUV’s over the North American region and Europe is significantly driving the deep
down bumper cover market.

Automotive OE Bumper Cover Market

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