Overview
Commonly used materials for lightweight thermoplastics are polypropylene and nylon. Environmental regulations for green initiatives and digital lifestyle of consumers is also playing the vital part of increasing demand for lightweight vehicles and in turn the demand for composite/ hybrid front end module. Globally, Original Equipment Markets are progressively focusing on modularization in the field of product architecture. Modularization in product building is usually associated with the product design, and its implementation is primarily found in the U.S. automotive industry. Modularization offers the much-needed flexibility to the OEMs for front-end module production, which, in turn, contributes to the market growth. Moreover, the Original Equipment Markets are functioning toward improving the fuel efficiency of their vehicles, with focus on vehicle weight reduction through the use of lightweight front-end modules. With the advent of composites and metal– composite hybrids, Original Equipment Markets have been able to achieve reduction in vehicle weight. Hence, these factors are likely to continue driving the growth of the automotive front-end module market in the coming years. Driving factors of automotive front end module market are high production of vehicles. By product type, the global automotive front end module market can be categorized into Steel, Composite, Hybrid and Plastic. 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. Combination of additional functionality in components and saves assembly time, reduces costs, and lowers mass can create more opportunity in automotive front end module market. The growing use of composites in high-end luxury cars is also expected to contribute to the market growth of this category in the coming years.
As per application side, the global automotive front end module market can be separated into Passenger Vehicle and Commercial Vehicle. During the forecast period, the market is expected to witness the fastest growth in the category of passenger vehicles, owing to the increased uptake of these vehicles and the rise in the standard of living in developing economies such as China and India. Due to the effectiveness of automotive front end module in unibody frame, these are extensively used in passenger vehicles. The increasing demand for front end module in passenger vehicles and the rising sales of passenger vehicles will result in the passenger vehicles segment accounting for major market share. Rapid technological advances and outsourcing of front-end manufacturing of SUVs will further drive the growth of the automotive front-end market. Geographically, North America, Western Europe and Asia pacific are the key market regions whereas South America and Eastern Europe are the new emerging markets. In North America automobile demand and in turn automotive front end module (FEM) demand in this region is generated by the low fuel rates and interest rates. The growth in demand is also estimated due to reach in average car age. In Western Europe, due to amount of Research & Development happenings for fuel efficiency and government regulations for environmental safety, is projected to witness the reasonable growth for automotive front end module (FEM) in upcoming years. This region is estimated to observe the demand stagnancy because of the market maturity. Presently China is the largest market for automotive owing to the large population, spending power of consumer, vast infrastructure development and initiatives of joint ventures between key market players of automobile industry and local manufacturers. Apart from India South Korea, Japan are also gaining the importance owing to the presence of big players of automobile industry like Nissan. This region is likely to show double digit CAGR for the automotive front end module market. However due to increasing pollution level because of the increased production in this region, governments are adopting high fuel efficiency vehicles. The automotive front-end module market is moderately concentrated owing to the presence of several international and regional players. Several OEMs outsource the manufacturing of FEMs to the suppliers for reducing the vehicle cost. International
suppliers account for major shares due to their diversified product portfolio and the high initial investment in the automotive FEM market, restricts the entry of new players. The increasing cost pressure and the growing number of front-end components will further contribute to the growth of the market. Some of the major players of automotive front end module market are HBPO Group, Magna, Faurecia, Valeo, DENSO, Calsonic Kansei, Hyundai Mobis, SL Corporation and Yinlun.
Major players in the Market are identified through secondary research and their Market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top manufacturers; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and Marketing executives. The percentage splits, Market shares, growth rate and breakdowns of the product Markets are determined through using secondary sources and verified through the primary sources.
Inquiry about report OR ask for Sample Report @ https://www.profsharemarketresearch.com/inquiry/automotive-front-endmodule-market-report-inquiry/ Global Automotive Front End Module Market: Product Type Steel Composite Hybrid Plastic Global Automotive Front End Module Market: Application Passenger Vehicle Commercial Vehicle Global Automotive Front End Module Market: Competitive Analysis HBPO Group Magna Faurecia Valeo DENSO Calsonic Kansei Hyundai Mobis SL Corporation Yinlun Automotive Front End Module Market: Regional Analysis North America U.S.A Canada Europe France Germany Spain UK Rest of Europe
Asia Pacific China Japan India South East Asia Latin America Brazil Middle East and Africa
Access Full Report @ https://www.profsharemarketresearch.com/automotive-front-end-modulemarket/ Automotive Front End Module Market Report delivers comprehensive analysis of : Market Forecast for 2019-27 Market growth drivers Challenges and Opportunities Emerging and Current market trends Market player Capacity, Production, Revenue (Value) Supply (Production), Consumption, Export, Import analysis End user/application Analysis About Profshare Profshare Market Research is a full service market research company that delivers in depth market research globally. We operate within consumer and business to business markets offering both qualitative and quantitative research services. We work for private sector clients, along with public sector and voluntary organisations. Profshare Market Research publishes high quality, in-depth market research studies, to help clients obtain granular level clarity on current business trends and expected future developments. We are committed to our client’s needs,
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