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Automotive Bumper Market Research Report Information By Materials (Composite Plastic, Metal, and Fiber), By Positioning (Front Ends and Rear Ends), By End Market (OEM and Aftermarket), and By Region (North America, Europe, Asia-Pacific, and Rest Of The World) โ€“ Market Forecast Till 2032


  • ID: MRFR/AM/2501-CR
  • | Pages: 97
  • | Author: Swapnil Palwe
  • | Publish Date: Sep 2017

Automotive Bumper Market Summary

As per Market Research Future Analysis, the Automotive Bumper Market was valued at USD 10.1 Billion in 2022 and is projected to reach USD 16.7 Billion by 2032, growing at a CAGR of 5.76% from 2023 to 2032. Key drivers include the demand for lightweight bumpers, advancements in technology, and increased safety ratings. The market is influenced by consumer preferences for high-end products at low costs, regulatory safety standards, and the rising number of vehicles globally. The composite plastic segment dominated the market in 2022, while the aftermarket segment led in end markets. North America held the largest market share at 45.80%, with significant growth expected in the Asia-Pacific region.

Key Market Trends & Highlights

The Automotive Bumper Market is witnessing significant trends driven by consumer preferences and regulatory changes.

  • Market size in 2022: USD 10.1 Billion; projected to reach USD 16.7 Billion by 2032.
  • CAGR of 5.76% during the forecast period (2023 - 2032).
  • North America accounted for 45.80% of the market share in 2022.
  • Composite plastic segment dominated the market in 2022.

Market Size & Forecast

2022 Market Size: USD 10.1 Billion
2032 Market Size: USD 16.7 Billion
CAGR: 5.76%
Largest Regional Market Share in 2022: North America.

Major Players

Key players include Toyota Boshoku Corporation, Plastic Omnium, Magna International, Inc., Toyoda Gosei Co., Ltd, and SMP Deutschland GmbH.

Automotive Bumper Market

Source Secondary Research, Primary Research, Market Research Future Database and Analyst Review

Automotive Bumper Market Trends

The increase in demand for high-end products at very low cost is driving the market growth

The main factor driving the expansion of the Automotive Bumperย market trends is the rise in consumer desire for high-end goods at extremely low prices. It was anticipated to have a favourable effect on the market's production dynamics. The shifts in demographic trends, strict regulatory safety scenarios, and fuel efficiency are the main drivers of the global market. Additionally, the demand for automotive bumpers in automobiles is rising as more and more additional safety-related elements are being added to new models' standard equipment.

Sales and profitability in the global automotive industry have increased significantly in developing countries. It is anticipated that automotive application areas like bumpers would modernise how complex automotive processes are moved around. In both North America and Europe, there has been a rising emphasis on regulatory standards. Most nations outside of North America now adhere to international safety requirements, which were initially developed as European standards with help from the UN.ย 

Beginning in 2016, automobiles must now average 34.1 miles per gallon due to U.S. CAFE rules. Over the next seven years, it is anticipated that the primary industry driversโ€”including shifting demographic patterns, strict safety and fuel economy regulations, and the availability of informationโ€”will present enormous potential to suppliers. Rising consumer demand for high-end goods at affordable prices is anticipated to have a favourable effect on industry dynamics with regard to production. More and more new models are coming equipped with safety-related features.

In today's society, most people try to set themselves apart from others, so the rising consumer preference for an entertaining driving experience, along with rising vehicle customization among the young population, are thought to be the main factors driving the market growth during the forecast period. Through the use of their cars, car owners express their personality, making them stand out from other cars and more comfortable.

In the upcoming years, it is anticipated that the active involvement of auto enthusiasts and users of high-end sports and racing automobiles in boosting the market's overall performance through bumpers would further boost demand. The market demand for car bumpers is also influenced by common incidents that result in spoilers and bumper damages.

Automobile bumper sales are rising directly in direct proportion to increased vehicle manufacturing. Both passenger and commercial vehicle numbers are steadily increasing. The need for automobiles has increased along with the movement of various items as a result of the expansion of international trade, and this has led to an increase in the demand for automotive bumpers. Vehicle safety is improved by the usage of automotive bumpers. Due to a lack of safety procedures taken by motorists, accidents have increased.ย 

Automotive bumpers are permanently installed on automobiles to reduce the harm done. This is yet another market-driven factor. Additionally, there are rules that must be observed when creating cars in terms of durability, safety, aesthetics, and design. These restrictions force the installation of bumpers on automobiles, which also stimulates the market. Companies are developing innovative automotive bumpers after extensive research and development to match the safety criteria and look good on vehicles.ย 

Since there are tight rules regarding the disposal of plastic, recycling old automobile bumpers to be moulded and connected to new cars presents an opportunity for the automotive plastic bumper market. Raw material price fluctuations may serve as a market restraint. Thus, driving the Automotive Bumper market revenue.

Automotive Bumper Market Segment Insights

Automotive Bumper Market Materials Insights

The Automotive Bumperย market segmentation, based on Materials, includes Composite Plastic, Metal, and Fiber. Composite plastic segment dominated the global market in 2022. For vehicle body parts, composite plastic, a copolymer, offers resilience, toughness, and heat resistance. The mix of stiffness, hardness, and toughness it delivers is exceptional. The aforementioned characteristics make it ideal for automotive bumpers, and as a result, it is widely employed in the industry.

Automotive Bumper Market Positioning Insights

The Automotive Bumperย market segmentation, based on Positioning, includes Front Ends and Rear Ends. Front ends segment dominated the global market in 2022. This can be explained by consumer preferences for several aspects of automobiles, including safety and aesthetics.

Automotive Bumper End Market Insights

The Automotive Bumperย market segmentation, based on End Market, includes OEM and Aftermarket. Aftermarketย segment dominated the Automotive Bumperย market in 2022.ย For both passenger cars and commercial vehicles, there is a significant market for aftermarket automobile bumpers.

Figure 1 Automotive Bumperย Market, by End Market, 2022 & 2032 (USD Billion)

Automotive Bumperย Market, by End Market, 2022 & 2032

Source Secondary Research, Primary Research, Market Research Future Database and Analyst Review

Automotive Bumper Regional Insights

By region, the study provides the market insightsย into North America, Europe, Asia-Pacific and Rest of the World. The North America Automotive Bumper Marketย dominated this market in 2022 (45.80%). The need for automobile bumpers has expanded along with the demand for luxury vehicles. Although there are numerous local businesses that provide bumper guards, only a select few suppliers provide industry-standard goods that are impervious to weather and simple to maintain.ย Further, the U.S. Automotive Bumper marketย held the largest market share, and the Canada Automotive Bumper marketย was the fastest growing market in the North America region.

Further, the major countries studied in the market reportย are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2 Automotive Bumperย Market Shareย By Region 2022 (Usd Billion)

Automotive Bumperย Market Shareย By Region 2022

Source Secondary Research, Primary Research, Market Research Future Database and Analyst Review

Europe Automotive Bumper marketย accounted for the healthy market share in 2022. The main force behind Europe's creativity and expertise in this field is anticipated to be a comparatively high number of skilled workers, as evidenced by their largest foreign investment in R&D. The European Commission intends to strengthen internal market laws in order to further support this sector.

The major companies in the European market include Valeo, GKN, and Delphi Automotive.ย Further, the German Automotive Bumper marketย held the largest market share, and the U.K Automotive Bumper marketย was the fastest growing market in the European region.

The Asia Pacific Automotive Bumper marketย is expected to register significant growth from 2023 to 2032. To survive in the market, the major regional businesses, including Plastic Omnium, Magna International Inc., Hyundai Mobis, etc., have formed alliances with effective retailers and distributors. Moreover, Chinaโ€™s Automotive Bumper marketย held the largest market share and the Indian Automotive Bumper marketย was the fastest growing market in the Asia-Pacific region.

Automotive Bumper Key Market Playersย & Competitive Insights

Leading market playersย are investing heavily in research and development in order to expand their product lines, which will help the Automotive Bumper market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developmentsย including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Automotive Bumper industryย must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the Automotive Bumperย industryย to benefit clients and increase the market sector. In recent years, the Automotive Bumper industryย has offered some of the most significant advantages to medicine.ย 

Major players in the Automotive Bumper market, including Toyota Boshoku Corporation, Plastic Omnium, Magna International, Inc., Toyoda Gosei Co., Ltd, SMP Deutschland GmbH, Yanfeng Plastic Omnium automotive Exterior Systems Co. Ltd, JiangNan Mould & Plastic Technology Co., Ltd., Venture Otto SA (Pty) Ltd., NTF Private Ltd, and Fab Fours, Inc., are attempting to increase market demand by investing in research and development End Markets.

Koda Auto Polska is a Polish-based supplier of automobiles. The business also provides a wide range of services, such as consulting, financing for its clients, educational auto school training, obtaining a licence, and other associated services, in addition to importing and selling passenger automobiles and light commercial vehicles. Official design designs for the next Skoda Enyaq Coupe iV with a gently sloping roofline, a dramatic tear-off edge at the back, and body-color side skirts were unveiled by Skoda Auto in January 2022.ย 

The new Enyaq Coupe iV is the first all-electric model series built on the Modular Electrification Toolkit (MEB) developed by the Volkswagen Group. With a mid-life update in February 2021, Toyota gave the Fortuner a facelift in India, including a number of new interior and external elements as well as some technical improvements. Toyota also unveiled a brand-new Fortuner Legender model in India.

Avtovaz AO is a Russian business that manufactures and sells passenger cars. It provides auto service centres and engages in the production and marketing of vehicles, assembly kits, and finished automotive components. Under the Lada Granta brand and its subbrands Renault and Nissan, the firm manufactures hatchback, waggon, crossover, sedan, liftback, and coupe models.ย 

The company divides its clientele into the Automotive and Dealership network categories. The automotive sector, which includes sales of auto spare parts, other manufacture, and domestic automobile technical services, accounts for the majority of its revenue. AvtoVAZ declared in July 2022 that it has increased the selection of LADA Granta trim levels for the 2022 model year and started making Cross variants once more.

Key Companies in the Automotive Bumper market include

    • Plastic Omnium
    • Magna International, Inc.
    • Toyoda Gosei Co., Ltd
    • SMP Deutschland GmbH
    • Yanfeng Plastic Omnium automotive Exterior Systems Co. Ltd
    • JiangNan Mould & Plastic Technology Co., Ltd.
    • Venture Otto SA (Pty) Ltd.
    • Fab Fours, Inc.

Automotive Bumper Market Developments

  • Q4 2024: Toyoda Gosei to Build New Automotive Component Facility in Karnataka, India Toyoda Gosei announced plans to construct a new manufacturing facility in Harohalli, Karnataka, India, focused on producing bumpers and other safety and interior components to support growing automotive demand in the region.

Automotive Bumper Market Segmentation

Automotive Bumper Materials Outlook

    • Composite Plastic
    • Metal
    • Fiber

Automotive Bumper Positioning Outlook

    • Front Ends
    • Rear Ends

Automotive Bumper End Market Outlook

    • OEM
    • Aftermarket

Automotive Bumper Regional Outlook

North America

    • U.S
    • Canada

Europe

    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe

Asia-Pacific

    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Australia
    • Rest of Asia-Pacific

Rest of the World

    • Middle East
    • Africa
    • Latin America
Attribute/Metric Details
Market End Market 2022 USD 10.1 Billion
Market End Market 2023 USD 10.7 Billion
Market End Market 2032 USD 16.7 Billion
Compound Annual Growth Rate (CAGR) 5.76% (2023-2032)
Base Year 2022
Market Forecast Period 2023-2032
Historical Data 2018- 2022
Market Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered Materials, Positioning, End Market, and Region
Geographies Covered North America, Europe, Asia Pacific, and the Rest of the World
Countries Covered The U.S., Canada, German, France, U.K, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled Toyota Boshoku Corporation, Plastic Omnium, Magna International, Inc., Toyoda Gosei Co., Ltd, SMP Deutschland GmbH, Yanfeng Plastic Omnium automotive Exterior Systems Co. Ltd, JiangNan Mould & Plastic Technology Co., Ltd., Venture Otto SA (Pty) Ltd., NTF Private Ltd, and Fab Fours, Inc.
Key Market Opportunities Innovation in automotive bumpers through R&D
Key Market Dynamics Increase in demand for lightweight bumpers, use of thermoplastic olefins to absorb crash, technological developments & safety ratings


Frequently Asked Questions (FAQ):

The Automotive Bumper market End Market was valued at USD 10.1 Billion in 2022.

The global market is projected to grow at a CAGR of 5.76% during the forecast period, 2023-2032.

North America had the largest share in the global market

The key players in the market Toyota Boshoku Corporation, Plastic Omnium, Magna International, Inc., Toyoda Gosei Co., Ltd, SMP Deutschland GmbH, Yanfeng Plastic Omnium automotive Exterior Systems Co. Ltd, JiangNan Mould & Plastic Technology Co., Ltd., Venture Otto SA (Pty) Ltd., NTF Private Ltd, and Fab Fours, Inc.

The Composite Plastic Materials dominated the market in 2022.

The Front Ends Positioning had the largest share in the global market.

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