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Automotive Bumper Market Size, Share & Trends Analysis Report By Vehicle Type, By Type (Standard Bumper, Step Bumper, Deep Drop Bumper, Roll Pan Bumper, and Tube Bumper), By Material (Plastic, Steel, Aluminum, and Fiber), By Regional Outlook and Forecast, 2024 - 2031

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    Report

  • 228 Pages
  • July 2024
  • Region: Global
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5988784
The Global Automotive Bumper Market size is expected to reach $21.2 billion by 2031, rising at a market growth of 4.7% CAGR during the forecast period.

Step bumpers are particularly popular in utility vehicles and trucks, where their design offers additional functionality. The step bumper segment procured $3.05 billion revenue in the market in 2023. The built-in step feature provides easier access to the vehicle's cargo area, making them highly valued in applications where loading and unloading are frequent. This practical advantage has driven their adoption in both commercial and personal vehicles, contributing to their robust revenue performance in the market.



Rapid urbanization in emerging markets significantly transforms transportation needs, increasing demand for private and public vehicles. As cities expand and populations grow, efficient and reliable transportation becomes paramount. This surge in vehicle usage directly impacts the demand for automotive components, including bumpers, which are essential for vehicle safety and aesthetics.

Additionally, Technological advancements in the automotive industry have significantly reshaped the design and functionality of vehicle components, including bumpers. One key technological advancement in bumper manufacturing is using lightweight composites and advanced polymers. Traditional steel bumpers, while robust, are relatively heavy and can negatively impact a vehicle's fuel efficiency. In contrast, lightweight composites, such as carbon fiber-reinforced polymers and thermoplastics, offer superior strength-to-weight ratios. Thus, technological advancements in materials and manufacturing have revolutionized the automotive bumper market.

However, the cost of raw materials is a critical concern for manufacturers in the automotive bumper market, where price volatility can significantly impact production costs. Steel, aluminum, and advanced polymers are among the key commodities that are sensitive to market alterations. These alterations are impacted by a variety of circumstances, including fluctuations in global demand and supply, geopolitical conflicts, and changes in economic policy. In the event of tariffs on steel and aluminum or disruptions in the supply chain, bumper manufacturers may experience abrupt price spikes, which can result in increased expenses. Hence, the volatility in the prices of raw materials presents significant challenges for bumper manufacturers.



The leading players in the market are competing with diverse innovative offerings to remain competitive in the market. The above illustration shows the percentage of revenue shared by some of the leading companies in the market. The leading players of the market are adopting various strategies in order to cater demand coming from the different industries. The key developmental strategies in the market are Acquisitions, and Partnerships & Collaborations.

Driving and Restraining Factors

Drivers
  • Urbanization And Infrastructure Development
  • Innovations In Materials and Manufacturing Processes
  • Growing Demand for Electric Vehicles (EVs)
Restraints
  • Price Volatility of Raw Materials
  • Recycling And End-Of-Life Disposal
Opportunities
  • Consumers’ Growing Preference for Aesthetics and Customization
  • Substantial Growth of Aftermarket
Challenges
  • Intense Competition in The Automotive Bumper Market
  • Shift Towards Alternative Mobility Solutions

Material Outlook

On the basis of material, the market is classified into steel, aluminum, fiber, and plastic. The plastic segment recorded 46% revenue share in the market in 2023. Plastic bumpers are primarily made from high-strength polymers and composites, providing excellent impact resistance and durability while significantly lighter than metal counterparts. This weight reduction is consistent with the industry's initiative to promote more environmentally favorable and efficient vehicles, as it enhances fuel efficiency and vehicle performance.

Type Outlook

Based on type, the market is characterized into deep drop bumper, roll pan bumper, step bumper, tube bumper, and standard bumper. The tube bumper segment acquired 11% revenue share in the market in 2023. Tube bumpers are favored for their ruggedness and aesthetic appeal, making them popular among off-road enthusiasts and owners of sport utility vehicles (SUVs) and trucks. These bumpers are typically constructed from heavy-duty steel or aluminum tubing, providing enhanced protection and a distinctive look that appeals to consumers seeking durability and style.



Vehicle Type Outlook

By vehicle type, the market is divided into passenger vehicle and commercial vehicles. The passenger vehicle segment garnered 59% revenue share in the market in 2023. The increasing demand for personal transportation, urbanization, and the increasing availability of disposable incomes have resulted in a high demand for passenger vehicles, such as sedans, hatchbacks, SUVs, and crossovers. These vehicles require bumpers that balance aesthetics, safety, and performance, driving continuous innovation in materials and design.

Regional Outlook

Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Asia Pacific segment acquired 38% revenue share in the market in 2023. This region's dominance is due to its substantial automotive production and sales volumes, which are fueled by large markets such as China, India, Japan, and South Korea. In these countries, the demand for automotive components, such as bumpers, has been fueled by a surge in vehicle ownership, which has been facilitated by rapid economic growth, urbanization, and increasing disposable incomes.

List of Key Companies Profiled

  • Forvia SE
  • TOYOTA BOSHOKU CORPORATION
  • Magna International, Inc.
  • Hyundai Motor Company
  • Flex-N-Gate Corporation
  • OPmobility (Burelle SA)
  • MONTAPLAST GmbH
  • Warn Industries, Inc. (LKQ Corporation)
  • Tong Yang Group
  • Valeo SA

Market Report Segmentation

By Vehicle Type
  • Passenger Vehicle
  • Commercial Vehicles
By Type
  • Standard Bumper
  • Step Bumper
  • Deep Drop Bumper
  • Roll Pan Bumper
  • Tube Bumper
By Material
  • Plastic
  • Steel
  • Aluminum
  • Fiber
By Geography
  • North America
  • US
  • Canada
  • Mexico
  • Rest of North America
  • Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Taiwan
  • Malaysia
  • Rest of Asia Pacific
  • LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Automotive Bumper Market, by Vehicle Type
1.4.2 Global Automotive Bumper Market, by Type
1.4.3 Global Automotive Bumper Market, by Material
1.4.4 Global Automotive Bumper Market, by Geography
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
4.1 Market Share Analysis, 2023
4.2 Porter Five Forces Analysis
Chapter 5. Global Automotive Bumper Market by Vehicle Type
5.1 Global Passenger Vehicle Market by Region
5.2 Global Commercial Vehicles Market by Region
Chapter 6. Global Automotive Bumper Market by Type
6.1 Global Standard Bumper Market by Region
6.2 Global Step Bumper Market by Region
6.3 Global Deep Drop Bumper Market by Region
6.4 Global Roll Pan Bumper Market by Region
6.5 Global Tube Bumper Market by Region
Chapter 7. Global Automotive Bumper Market by Material
7.1 Global Plastic Market by Region
7.2 Global Steel Market by Region
7.3 Global Aluminum Market by Region
7.4 Global Fiber Market by Region
Chapter 8. Global Automotive Bumper Market by Region
8.1 North America Automotive Bumper Market
8.1.1 North America Automotive Bumper Market by Vehicle Type
8.1.1.1 North America Passenger Vehicle Market by Country
8.1.1.2 North America Commercial Vehicles Market by Country
8.1.2 North America Automotive Bumper Market by Type
8.1.2.1 North America Standard Bumper Market by Country
8.1.2.2 North America Step Bumper Market by Country
8.1.2.3 North America Deep Drop Bumper Market by Country
8.1.2.4 North America Roll Pan Bumper Market by Country
8.1.2.5 North America Tube Bumper Market by Country
8.1.3 North America Automotive Bumper Market by Material
8.1.3.1 North America Plastic Market by Country
8.1.3.2 North America Steel Market by Country
8.1.3.3 North America Aluminum Market by Country
8.1.3.4 North America Fiber Market by Country
8.1.4 North America Automotive Bumper Market by Country
8.1.4.1 US Automotive Bumper Market
8.1.4.1.1 US Automotive Bumper Market by Vehicle Type
8.1.4.1.2 US Automotive Bumper Market by Type
8.1.4.1.3 US Automotive Bumper Market by Material
8.1.4.2 Canada Automotive Bumper Market
8.1.4.2.1 Canada Automotive Bumper Market by Vehicle Type
8.1.4.2.2 Canada Automotive Bumper Market by Type
8.1.4.2.3 Canada Automotive Bumper Market by Material
8.1.4.3 Mexico Automotive Bumper Market
8.1.4.3.1 Mexico Automotive Bumper Market by Vehicle Type
8.1.4.3.2 Mexico Automotive Bumper Market by Type
8.1.4.3.3 Mexico Automotive Bumper Market by Material
8.1.4.4 Rest of North America Automotive Bumper Market
8.1.4.4.1 Rest of North America Automotive Bumper Market by Vehicle Type
8.1.4.4.2 Rest of North America Automotive Bumper Market by Type
8.1.4.4.3 Rest of North America Automotive Bumper Market by Material
8.2 Europe Automotive Bumper Market
8.2.1 Europe Automotive Bumper Market by Vehicle Type
8.2.1.1 Europe Passenger Vehicle Market by Country
8.2.1.2 Europe Commercial Vehicles Market by Country
8.2.2 Europe Automotive Bumper Market by Type
8.2.2.1 Europe Standard Bumper Market by Country
8.2.2.2 Europe Step Bumper Market by Country
8.2.2.3 Europe Deep Drop Bumper Market by Country
8.2.2.4 Europe Roll Pan Bumper Market by Country
8.2.2.5 Europe Tube Bumper Market by Country
8.2.3 Europe Automotive Bumper Market by Material
8.2.3.1 Europe Plastic Market by Country
8.2.3.2 Europe Steel Market by Country
8.2.3.3 Europe Aluminum Market by Country
8.2.3.4 Europe Fiber Market by Country
8.2.4 Europe Automotive Bumper Market by Country
8.2.4.1 Germany Automotive Bumper Market
8.2.4.1.1 Germany Automotive Bumper Market by Vehicle Type
8.2.4.1.2 Germany Automotive Bumper Market by Type
8.2.4.1.3 Germany Automotive Bumper Market by Material
8.2.4.2 UK Automotive Bumper Market
8.2.4.2.1 UK Automotive Bumper Market by Vehicle Type
8.2.4.2.2 UK Automotive Bumper Market by Type
8.2.4.2.3 UK Automotive Bumper Market by Material
8.2.4.3 France Automotive Bumper Market
8.2.4.3.1 France Automotive Bumper Market by Vehicle Type
8.2.4.3.2 France Automotive Bumper Market by Type
8.2.4.3.3 France Automotive Bumper Market by Material
8.2.4.4 Russia Automotive Bumper Market
8.2.4.4.1 Russia Automotive Bumper Market by Vehicle Type
8.2.4.4.2 Russia Automotive Bumper Market by Type
8.2.4.4.3 Russia Automotive Bumper Market by Material
8.2.4.5 Spain Automotive Bumper Market
8.2.4.5.1 Spain Automotive Bumper Market by Vehicle Type
8.2.4.5.2 Spain Automotive Bumper Market by Type
8.2.4.5.3 Spain Automotive Bumper Market by Material
8.2.4.6 Italy Automotive Bumper Market
8.2.4.6.1 Italy Automotive Bumper Market by Vehicle Type
8.2.4.6.2 Italy Automotive Bumper Market by Type
8.2.4.6.3 Italy Automotive Bumper Market by Material
8.2.4.8 Rest of Europe Automotive Bumper Market
8.2.4.8.1 Rest of Europe Automotive Bumper Market by Vehicle Type
8.2.4.8.2 Rest of Europe Automotive Bumper Market by Type
8.2.4.8.3 Rest of Europe Automotive Bumper Market by Material
8.3 Asia Pacific Automotive Bumper Market
8.3.1 Asia Pacific Automotive Bumper Market by Vehicle Type
8.3.1.1 Asia Pacific Passenger Vehicle Market by Country
8.3.1.2 Asia Pacific Commercial Vehicles Market by Country
8.3.2 Asia Pacific Automotive Bumper Market by Type
8.3.2.1 Asia Pacific Standard Bumper Market by Country
8.3.2.2 Asia Pacific Step Bumper Market by Country
8.3.2.3 Asia Pacific Deep Drop Bumper Market by Country
8.3.2.4 Asia Pacific Roll Pan Bumper Market by Country
8.3.2.5 Asia Pacific Tube Bumper Market by Country
8.3.3 Asia Pacific Automotive Bumper Market by Material
8.3.3.1 Asia Pacific Plastic Market by Country
8.3.3.2 Asia Pacific Steel Market by Country
8.3.3.3 Asia Pacific Aluminum Market by Country
8.3.3.4 Asia Pacific Fiber Market by Country
8.3.4 Asia Pacific Automotive Bumper Market by Country
8.3.4.1 China Automotive Bumper Market
8.3.4.1.1 China Automotive Bumper Market by Vehicle Type
8.3.4.1.2 China Automotive Bumper Market by Type
8.3.4.1.3 China Automotive Bumper Market by Material
8.3.4.2 Japan Automotive Bumper Market
8.3.4.2.1 Japan Automotive Bumper Market by Vehicle Type
8.3.4.2.2 Japan Automotive Bumper Market by Type
8.3.4.2.3 Japan Automotive Bumper Market by Material
8.3.4.3 India Automotive Bumper Market
8.3.4.3.1 India Automotive Bumper Market by Vehicle Type
8.3.4.3.2 India Automotive Bumper Market by Type
8.3.4.3.3 India Automotive Bumper Market by Material
8.3.4.4 South Korea Automotive Bumper Market
8.3.4.4.1 South Korea Automotive Bumper Market by Vehicle Type
8.3.4.4.2 South Korea Automotive Bumper Market by Type
8.3.4.4.3 South Korea Automotive Bumper Market by Material
8.3.4.5 Taiwan Automotive Bumper Market
8.3.4.5.1 Taiwan Automotive Bumper Market by Vehicle Type
8.3.4.5.2 Taiwan Automotive Bumper Market by Type
8.3.4.5.3 Taiwan Automotive Bumper Market by Material
8.3.4.6 Malaysia Automotive Bumper Market
8.3.4.6.1 Malaysia Automotive Bumper Market by Vehicle Type
8.3.4.6.2 Malaysia Automotive Bumper Market by Type
8.3.4.6.3 Malaysia Automotive Bumper Market by Material
8.3.4.8 Rest of Asia Pacific Automotive Bumper Market
8.3.4.8.1 Rest of Asia Pacific Automotive Bumper Market by Vehicle Type
8.3.4.8.2 Rest of Asia Pacific Automotive Bumper Market by Type
8.3.4.8.3 Rest of Asia Pacific Automotive Bumper Market by Material
8.4 LAMEA Automotive Bumper Market
8.4.1 LAMEA Automotive Bumper Market by Vehicle Type
8.4.1.1 LAMEA Passenger Vehicle Market by Country
8.4.1.2 LAMEA Commercial Vehicles Market by Country
8.4.2 LAMEA Automotive Bumper Market by Type
8.4.2.1 LAMEA Standard Bumper Market by Country
8.4.2.2 LAMEA Step Bumper Market by Country
8.4.2.3 LAMEA Deep Drop Bumper Market by Country
8.4.2.4 LAMEA Roll Pan Bumper Market by Country
8.4.2.5 LAMEA Tube Bumper Market by Country
8.4.3 LAMEA Automotive Bumper Market by Material
8.4.3.1 LAMEA Plastic Market by Country
8.4.3.2 LAMEA Steel Market by Country
8.4.3.3 LAMEA Aluminum Market by Country
8.4.3.4 LAMEA Fiber Market by Country
8.4.4 LAMEA Automotive Bumper Market by Country
8.4.4.1 Brazil Automotive Bumper Market
8.4.4.1.1 Brazil Automotive Bumper Market by Vehicle Type
8.4.4.1.2 Brazil Automotive Bumper Market by Type
8.4.4.1.3 Brazil Automotive Bumper Market by Material
8.4.4.2 Argentina Automotive Bumper Market
8.4.4.2.1 Argentina Automotive Bumper Market by Vehicle Type
8.4.4.2.2 Argentina Automotive Bumper Market by Type
8.4.4.2.3 Argentina Automotive Bumper Market by Material
8.4.4.3 UAE Automotive Bumper Market
8.4.4.3.1 UAE Automotive Bumper Market by Vehicle Type
8.4.4.3.2 UAE Automotive Bumper Market by Type
8.4.4.3.3 UAE Automotive Bumper Market by Material
8.4.4.4 Saudi Arabia Automotive Bumper Market
8.4.4.4.1 Saudi Arabia Automotive Bumper Market by Vehicle Type
8.4.4.4.2 Saudi Arabia Automotive Bumper Market by Type
8.4.4.4.3 Saudi Arabia Automotive Bumper Market by Material
8.4.4.5 South Africa Automotive Bumper Market
8.4.4.5.1 South Africa Automotive Bumper Market by Vehicle Type
8.4.4.5.2 South Africa Automotive Bumper Market by Type
8.4.4.5.3 South Africa Automotive Bumper Market by Material
8.4.4.6 Nigeria Automotive Bumper Market
8.4.4.6.1 Nigeria Automotive Bumper Market by Vehicle Type
8.4.4.6.2 Nigeria Automotive Bumper Market by Type
8.4.4.6.3 Nigeria Automotive Bumper Market by Material
8.4.4.8 Rest of LAMEA Automotive Bumper Market
8.4.4.8.1 Rest of LAMEA Automotive Bumper Market by Vehicle Type
8.4.4.8.2 Rest of LAMEA Automotive Bumper Market by Type
8.4.4.8.3 Rest of LAMEA Automotive Bumper Market by Material
Chapter 9. Company Profiles
9.1 Forvia SE
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 SWOT Analysis
9.2 Toyota Boshoku Corporation (Toyota Motor Corporation)
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Research & Development Expenses
9.2.5 SWOT Analysis
9.3 Magna International, Inc.
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expenses
9.3.5 SWOT Analysis
9.4 Hyundai Motor Company
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 Research & Development Expense
9.4.5 SWOT Analysis
9.5 Flex-N-Gate Corporation
9.5.1 Company Overview
9.6 OPmobility (Burelle SA)
9.6.1 Company Overview
9.7 MONTAPLAST GmbH
9.7.1 Company Overview
9.8 Warn Industries, Inc. (LKQ Corporation)
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental and Regional Analysis
9.9 Tong Yang Group
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Segmental and Regional Analysis
9.9.4 Research & Development Expenses
9.10. Valeo SA
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Segmental and Regional Analysis
9.10.4 Research & Development Expense
9.10.5 SWOT Analysis
Chapter 10. Winning Imperatives of Automotive Bumper Market

Companies Mentioned

  • Forvia SE
  • TOYOTA BOSHOKU CORPORATION
  • Magna International, Inc.
  • Hyundai Motor Company
  • Flex-N-Gate Corporation
  • OPmobility (Burelle SA)
  • MONTAPLAST GmbH
  • Warn Industries, Inc. (LKQ Corporation)
  • Tong Yang Group
  • Valeo SA

Methodology

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