Global Automotive Bumper Market 2019 Competition, Trade Overview and Development to 2023

Market Research Future published a Cooked research report on "Global Automotive Bumper Market Research Report - Forecast to 2023" – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Toyota Boshoku Corporation (Japan), Plastic Omnium (France), Magna International, Inc. (Ontario), Toyoda Gosei Co., Ltd (Japan), SMP Deutschland GmbH (Germany), Yanfeng Plastic Omnium automotive Exterior Systems Co. Ltd (Shanghai), JiangNan Mould & Plastic Technology Co., Ltd. (Japan), Venture Otto SA (Pty) Ltd. (South Africa), NTF (India) Private Ltd (India) and Fab Fours, Inc. (U.S.)., and others are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global automotive bumper market.

Automotive Bumper Global Market – Overview

Bumper is the one of the important structures in the vehicle. The bumper design must be flexible enough to reduce the passenger and occupant injury and stay intact in low-speed impact. It is designed to prevent and reduce physical damage to the front and rear ends of the vehicles. In the car’s exterior, plastics are used everywhere from the body panels to the bumpers, it helps to reduce the overall weight without affecting the safety or performance of the vehicle. According to a recent study report published by the Market Research Future, The global market of automotive bumper is booming and expected to gain prominence over the forecast period. The market is forecasted to demonstrate a stunning growth by 2023, surpassing its previous growth records in terms of value with a striking CAGR during the estimated period (2017 – 2022).

Get Report Details @ https://www.marketresearchfuture.com/reports/automotive-bumper-market-3774

Automotive Bumper Market: Regional Analysis

Being the presence of most populous countries of the world such as China and India among others, the dominance of APAC becomes evident in the global auto bumper market value. The market has been experiencing rapid growth in the last two years owing to the rising sales of passenger cars, increasing usage of plastic on vehicles, increasing popularity of plastic bumpers and technological advancements are giving a much needed thrust to the auto bumpers market. Another major reason behind APAC leading the global market is that the countries within this region were able to sustain its economy during the global economic crisis of 2008-09 and have been able to showcase continued growth in automobile production and sales across the globe. China, being the largest populated country in the world, has gained the top position in the global automotive market, surpassing the U.S. in 2014. The country has for long maintained the reputation of standing at the forefront of the automotive industry, rapidly progressing towards miniaturization and innovation. Therefore, in spite of being the market leader in the global automotive marketplace, the country holds immense potential to grow in terms of auto bumpers sales for automobile applications. The preference for mid-end cars has been identified to be the highest in China, and therefore, contributes the maximum revenue in the total market value for the country.

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At Market Research Future (Mrfr), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (Crr).