Dublin–(business wire)–“Automotive Front-end Module Market – Growth, Trends, COVID-19 Impact and Forecast (2022-2027)” report added of ResearchAndMarkets.com Recruitment.
Automotive Front-end Module Market was valued at USD 124.95 billion in 2021 and is expected to reach USD 176.4 billion by 2027, registering a CAGR f of over 5% during the forecast period (2022-2027) .
Hirschvogel Automotive Group
Hyundai Mobis Co., Ltd.
Magna International Co., Ltd.
Company Plastic Omnium SA
Calsonic Kansei Corporation
Key market trends
Growing demand for lightweight automotive front-end modules
Rising demand for lighter vehicles is also driving the automotive front-end module (FEM) market. Lighter auto parts reduce the overall weight of the vehicle, thus reducing CO2 emissions and costs. As a result, several governments around the world have introduced stringent emissions and fuel economy regulations such as the Corporate Average Fuel Economy (CAFE) and BS-VI standards. Composites, plastics. Experimentation with front-end module materials for auto parts has mainly contributed to vehicle weight reductions of 20% to 30%.
Today, heavy steel and iron carriers are being replaced with lighter weight components, contributing to improved fuel economy and vehicle performance. Commonly used materials for lightweight thermoplastics are polypropylene and nylon.
A hybrid composite/metal design is preferred for heavy-end vehicles. Green initiatives and environmental regulations for consumers’ digital lifestyles are also playing a key role in increasing demand for lightweight vehicles and, in turn, combined/hybrid front-end modules (FEMs).
Several vehicles are now on the market with front-end modules made of composite materials. His two recently launched small-segment cars, Hyundai and Mercedes, use a lightweight front-end structure that allows additional features to be integrated into the components. This reduces assembly time, reduces costs and reduces mass. All three vehicle carriers use his injection molded pelletized LFT-PP.
Considering such developments and technologies in the market, the trend towards lightweight components in vehicles is expected to push manufacturers to offer innovative solutions to their customers. Owing to such trends, the market is expected to grow at a decent rate during the forecast period.
Asia Pacific is expected to witness significant market growth
Asia-Pacific is expected to dominate the automotive front-end module market owing to the presence of major front-end module manufacturers in Japan, South Korea, China, and India. Market demand is further supported by increased vehicle production in key countries in the region and increased interest in producing lightweight vehicles by various automotive OEMs.
Apart from China, India and South Korea, Japan is also gaining importance due to the presence of big companies in the automotive industry like Nissan. The region is expected to exhibit a strong double-digit CAGR in the automotive front-end module (FEM) market. Furthermore, market demand is expected to be underpinned by major players’ expansion strategies and production facility expansions.
1.First of all
2 Survey method
3 Executive Summary
4 Market dynamics
4.1 Market Driver
4.2 Market Constraints
4.3 Industry Attractiveness – Porter’s Five Forces Analysis
5 Market Segmentation (Market Size Value – Billion USD)
5.1 By vehicle type
5.1.1 Passenger car
5.1.2 Light commercial vehicles
5.1.3 Heavy commercial vehicles
5.2 By type of raw material
5.3 By Geography
5.3.1 North America
18.104.22.168 United States
22.214.171.124 Rest of North America
126.96.36.199 Great Britain
188.8.131.52 Rest of Europe
5.3.3 Asia Pacific
184.108.40.206 Rest of Asia Pacific
5.3.4 Other countries
220.127.116.11 South America
18.104.22.168 Middle East and Africa
6 Competitive landscape
6.1 Vendor Market Share
6.2 Company profile
7 Market Opportunities and Future Trends
For more information on this report, please visit https://www.researchandmarkets.com/r/2rttl2.
ResearchAndMarkets.com is the world’s leading source of international market research reports and market data. It provides up-to-date data on international and regional markets, key industries, top companies, new products and latest trends.