Automotive Bumpers Market : Industry Analysis, Opportunity Assessment and Forecast upto 2025
Automotive bumpers are structures attached on the lower front and rear of a vehicle. Such structures can withstand the impact of minor collision, thereby reducing the accidental damage by ensuring safety in front and rear of a vehicle. In earlier days, the automotive bumpers were made of generally steel or aluminum, which contributed very little to the aesthetic appeal of a vehicle. The automotive bumpers of today is slightly different where, the metal bumpers made of steel, fiber glass composite or aluminum are covered with a plastic layer in order to make it look attractive on the outer side. Increasing production of vehicles and rising demand for passenger vehicles is a major driving factor for the automotive bumpers market. In addition, rising trend of engine downsizing is another major factor influencing the growth of light-weight and advanced bumpers ensuring better protection in front and rear of vehicles. Moreover, growth in the automotive sector and rising investments in automotive bumper manufacturing companies across the world is set to influence the market significantly during the forecast period. International automobile safety standards, Euro standards and U.S. CAFÉ standards among other safety regulations has been encouraging the use of light in weight and strong bumper materials in vehicles. Obtain Report Details @ http://www.transparencymarketresearch.com/automotive-bumpers-market.html The automotive bumpers market can be classified by material, by position, by application and by geography. The material segment can be classified into steel, aluminum, molded plastic and others. By position, the market can be bifurcated into front and rear. By application, the market can be segregated as passenger vehicles, light commercial vehicles and heavy commercial vehicles. By geography, the market can be segmented into North America, Europe, Asia Pacific, Middle East and Africa and Latin America. In the automotive bumpers market, Asia Pacific holds the largest market share in terms of revenue followed by Europe, North America, Latin America and, Middle East and Africa (MEA).