Automotive Plastic Bumper Market Is Extrapolated To Attain US$ 19.4 Billion In Revenue By 2033
Global demand for automotive plastic bumper stands at US$ 13.1 billion in 2023 and is forecasted to rise steadily at 4% CAGR over the next ten years. By 2033-end, the global automotive plastic bumper market is extrapolated to attain US$ 19.4 billion in revenue.Automotive plastic bumpers are usually transversely attached bars to vehicles, either in the front or back, to cushion the shock of impact on the vehicle body in case of a crash or collision. Bumpers also provide structural support to automotive components such as door panels, trunks, hood lids, etc.
The offer in this portion accompanies many open doors including fabricating items, appropriation, retail, and showcasing administrations. Broad rounds of essential and far reaching optional exploration have been utilized by the examiners at Fact.MR to show up at different assessments and projections for Demand of Automotive Plastic Bumper Market both at worldwide and provincial levels.
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Market Players: –
- Faurecia SA
- Futaba Industrial Co. Ltd.
- Toray Industries Inc.
- Compagnie Plastic Omnium SA
- Benteler International AG
- Flex-N-Gate Corporation
- Montaplast GmbH
- Warn Industries Inc.
- Samvardhana Motherson Automotive Systems Group B.V
The examiners have utilized various vast conspicuous business knowledge devices to unite realities, figures, and market information into income assessments and projections in the Market.
Key partners in Market including industry players, policymakers, and financial backers in different nations have been persistently realigning their systems and ways to deal with carry out them to take advantage of new open doors. Numerous lately have updated their procedures to stay coordinated in the setting of overall disturbances brought about by the COVID-19 pandemic.
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Competitive Landscape
Prime automotive plastic bumper manufacturers are focusing on reducing their environmental impact and improving vehicle efficiency by utilizing lightweight automotive components made from recycled plastics.
- Reclaim Plastics, a recycling company based in Canada, is focusing on reducing automotive plastic waste in landfills and is also promoting the ban on automotive plastics in landfills issued by Metro Vancouver. Car bumpers account for a substantial share of automotive plastics and this is what Reclaim Plastics is currently focusing on.
- In March 2021, Ultra-Poly Corp., a pioneer in plastic recycling, and The Plastics Industry Association (PLASTICS), cumulatively tested a process to gather plastic car bumpers and recycle them into recycled polyolefins (TPOs) that exhibit 85% to 90% flexibility that original plastic materials have.
Automotive Plastic Bumper Industry Research Segmentation
- By Material Type :
- Polypropylene (PP)
- Polycarbonate (PC)
- PBT (Polybutylene Terephthalate)
- Acrylonitrile Butadiene Styrene (ABS)
- By Vehicle Type :
- Passenger Cars
- LCVs
- HCVs
- By Price Range :
- Low (Below US$ 300)
- Mid (US$ 300 to 550)
- High (Above US$ 550)
- By Distribution Channel :
- OEMs
- Aftermarket
What Do You Get in a Fact.MR Study?
- Factors affecting the overall development of the global Automotive Plastic Bumper Market
- Factor that might restrain the growth of the global market in the coming years of the forecast period.
- What is present competitive scenario of the global Automotive Plastic Bumper Market and its intricate details concerning potential business prospects of leading market players
- Pricing strategies of several different market players in the global Automotive Plastic Bumper Market
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Argentina, Chile, Peru, Rest of LATAM)
- EU – (Germany, France, Italy, Spain), UK, BENELUX (Belgium, Netherlands, Luxemburg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Rep. etc.), Rest of Europe
- CIS & Russia
- Japan
- Asia Pacific Excluding Japan (Greater China, India, S. Korea, ASEAN Countries, Rest of APEJ)
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How Fact.MR Assists in Making Strategic Moves?
The data provided in the Automotive Plastic Bumper Market report offers comprehensive analysis of important industry trends. Industry players can use this data to strategize their potential business moves and gain remarkable revenues in the upcoming period.
The report covers the price trend analysis and value chain analysis along with analysis of diverse offering by market players. The main motive of this report is to assist enterprises to make data-driven decisions and strategize their business moves.
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