The global automotive bumpers market to register a revenue of close to USD 41 billion by 2022.
Global Automotive Bumpers Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
One trend in the market is development of bumper airbag system. Vehicle makers are increasingly focused on preventing injury to pedestrians during a collision. A vehicle accident involving a pedestrian is likely to be fatal as the pedestrian has limited or no protection during a collision.
According to the report, one driver in the market is automotive bumpers increase fuel efficiency and reduce emissions. Fuel efficiency and emissions are among the major factors driving technological innovations in vehicles. Vehicle makers have been identifying various avenues like lightweighting to improve the performance of vehicles without increasing emissions.
Further, the report states that one challenge in the market is increased cost pressure on OEMs. OEMs are under constant pressure to reduce production costs and offer affordable vehicles to customers. Since a major portion of production takes place in APAC, vehicle makers are under constant pressure to offer affordable vehicles to penetrate the cost-sensitive automotive market of APAC.
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