Automotive Bumper Market To Cross $24.9 Bn By 2034, Says Global Market Insights Inc.

(MENAFN- GlobeNewsWire - Nasdaq) Major automotive bumper market participants include Faurecia, Flex-N-Gate, Hyundai Mobis, Kirchhoff, Magna, Montaplast, OPmobility, Samvardhana Motherson, Toyoda Gosei, Toyota Boshoku.

Selbyville, Delaware, Jan. 28, 2025 (GLOBE NEWSWIRE) --

The automotive bumper market valuation is predicted to surpass USD 24.9 billion by 2034, reported in a research analysis by Global Market Insights Inc.

Several factors are driving this market expansion, including an increasing emphasis on vehicle safety, rising automotive production, and the growing preference for lightweight materials. Manufacturers are also pursuing strategic acquisitions to strengthen their market position and broaden their product offerings.

A significant driver of automotive bumper market growth is the heightened focus on pedestrian safety regulations and the growing demand for vehicles with enhanced aesthetic appeal. As the automotive industry shifts towards electric vehicles, the need for lightweight and aerodynamic bumper solutions has intensified. This trend has led to the growing use of advanced materials such as carbon fiber and composites, which offer both strength and reduced weight.

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The automotive bumper market from the segmented by material, with metal, plastic, carbon fiber, composite, and other materials being the key categories. In 2024, plastic bumpers dominated the market, valued at USD 7 billion. The plastic segment is growing rapidly due to its benefits in reducing weight, offering design flexibility, and being cost-effective. Manufacturers are increasingly incorporating advanced polymers and reinforcement materials to meet stringent safety standards while also enhancing the vehicle's appearance.

Regarding bumper types, the automotive bumper industry includes standard bumpers, step bumpers, roll pan bumpers, deep drop bumpers, and tube bumpers. The standard bumper segment is expected to grow at a CAGR of 3% from 2025 to 2034. The popularity of this segment is attributed to its wide application across various vehicle types. Continuous innovations in design and materials are helping manufacturers balance the demands for safety compliance and aesthetic considerations, contributing to the segment growth.

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Asia Pacific automotive bumper market accounted for 40% share in 2024. The region, particularly China, is witnessing rapid expansion due to a booming automotive sector and the rising demand for customizable vehicles with advanced safety features. As one of the world's largest automotive markets, the region's high vehicle production and sales volume are directly driving the demand for bumpers and contributing to the market's overall growth.

Partial chapters of report table of contents (TOC):

Chapter 1 Methodology & Scope

1.1 Research design
1.1.1 Research approach
1.1.2 Data collection methods
1.2 Base estimates & calculations
1.2.1 Base year calculation
1.2.2 Key trends for market estimation
1.3 Forecast model
1.4 Primary research and validation
1.4.1 Primary sources
1.4.2 Data mining sources
1.5 Market scope & definition

Chapter 2 Executive Summary

2.1 Industry 3600 synopsis, 2021 - 2034

Chapter 3 Automotive Bumper Market Insights

3.1 Industry ecosystem analysis
3.2 Supplier landscape
3.2.1 Component providers
3.2.2 Service providers
3.2.3 Manufacturers
3.2.4 Distributors
3.2.5 End users
3.3 Profit margin analysis
3.4 Technology & innovation landscape
3.5 Patent analysis
3.6 Regulatory landscape
3.7 Consumer behavior and preferences
3.7.1 User adoption trend of smart bumpers
3.7.2 Average cost of replacement and repair services
3.8 Impact forces
3.8.1 Growth drivers
3.8.1.1 Rising automotive production
3.8.1.2 Growing demand for lightweight materials
3.8.1.3 Stringent safety regulations
3.8.1.4 Increasing focus on vehicle aesthetics
3.8.2 Industry pitfalls & challenges
3.8.2.1 Raw material price volatility
3.8.2.2 High tooling and development costs
3.9 Growth potential analysis
3.10 Porter's analysis
3.11 PESTEL analysis

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About Global Market Insights Inc.

Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.

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