— Automotive Front-End Module Market to rise at 6% CAGR and reach remarkable market value during 2019 and 2022 due to increasing vehicle production, rising automobile sales and the ever-increasing demand for passenger vehicles due to the improved buying power of the salaried middle-class globally, according to Global Automotive Front-End Module Market 2019 Industry Report published by "Market Research Future".
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The key players in the global Automotive Front-End Module market include:
Key players operating in the global automotive front-end module market include Mahle GmbH, Faurecia SA, Denso Corporation, Calsonic Kansei Corporation, Hbpo Group, Magna International Inc., Hyundai Mobis, Plastic Omnium, SL Corporation, and Valeo S.A.
The sale of counterfeit products is a factor of hinderance in market growth along with safety and technological limitations related to lightweight FEMs. Furthermore, the market is facing a challenge due to comfort and design changes, based on internal design or external aerodynamics; improved aerodynamics is the most cost-effective way for enhancing fuel efficiency. The automotive FEM market is estimated to grow at a CAGR of 6% between 2016 and 2022.
The use of carbon-fiber-reinforced thermoplastics in FEM is a new trend in the market. The automotive components made of carbon steel are heavy in comparison to other steel combinations. Hence, the growing requirement for weight reduction and improved vehicle performance has brought forth a change which consists of using new materials such as carbon fiber and honeycomb materials.
Market Segments Analysis:
The segment analysis of the global automotive front-end market is based on material, components, vehicle type and regions. The global market for automotive front-end module is segmented by material into steel, plastic, composites, and others. By components, the market is segmented into headlights, front grill, radiator, condenser, horn assembly, oil cooler, and others. By vehicle type, the automotive front-end market is segmented into passenger type and commercial. Based on regions, the market is segmented into North America, Europe, Asia Pacific, and the rest of the world.
North America is likely to represent a steady market for automobiles with a steady demand, owing to the ever-rising purchasing power of Americans. The market in Europe is estimated to show a moderate growth. Meanwhile, South America is expected to witness a substantial rise in demand for automotive FEM on the back of strong economic growth in countries such as Brazil, Chile, Uruguay among others.
Asia Pacific region has a massive demand for automotive front-end module due to the rising demand for automobiles. The market in the region is expected to show significant growth, especially in China and India considering the rise in the disposable pay of the working class. Furthermore, there has been a substantial rise in trade and industrialization leading to growth of the market. China is the leading market for automobiles and is expected to show a further rise in automotive FEMS demand for vehicle production. The market has posted a fair growth in Russia due to global trade rise.
Latest Industry News:
In January 2018, profitable and advanced front-end modules were presented by HBPO at an auto show in U.S. between 14th and 28th January 2018.
In March 2018, MAHLE GmbH declared an agreement regarding the sale and transfer of their shares from the HBPO joint venture to Plastic Omnium. The joint venture consisted of Plastic Omnium, Hella, and Behr and was formed in 2004 and concentrated on automotive front-end modules and its assembly. An acquisition between Behr and MAHLE GmbH caused them to own the shares in this joint venture.
TABLE OF CONTENTS:
1 EXECUTIVE SUMMARY
2 SCOPE OF THE REPORT
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.2.1 RESEARCH OBJECTIVES
2.2.2 ASSUMPTIONS & LIMITATIONS
2.3 MARKETS STRUCTURE
3 MARKET RESEARCH METHODOLOGY
3.1 RESEARCH PROCESS
3.2 SECONDARY RESEARCH
3.3 PRIMARY RESEARCH
3.4 FORECAST MODEL
4 MARKET LANDSCAPE
4.1 FIVE FORCES ANALYSIS
4.1.1 THREAT OF NEW ENTRANTS
4.1.2 BARGAINING POWER OF BUYERS
4.1.3 BARGAINING POWER OF SUPPLIERS
4.1.4 THREAT OF SUBSTITUTES
4.1.5 SEGMENT RIVALRY
4.2 VALUE CHAIN/SUPPLY CHAIN OF GLOBAL AUTOMOTIVE FRONT-END MODULE MARKET
5 INDUSTRY OVERVIEW OF GLOBAL AUTOMOTIVE FRONT-END MODULE MARKET
5.2 GROWTH DRIVERS
5.3 IMPACT ANALYSIS
5.4 MARKET CHALLENGES
LIST OF TABLES:
TABLE 1 GLOBAL AUTOMOTIVE FRONT-END MODULE MARKET: BY REGION, 2017-2023
TABLE 2 NORTH AMERICA AUTOMOTIVE FRONT-END MODULE MARKET: BY COUNTRY, 2017-2023
TABLE 3 EUROPE AUTOMOTIVE FRONT-END MODULE MARKET: BY COUNTRY, 2017-2023
TABLE 4 ASIA PACIFIC AUTOMOTIVE FRONT-END MODULE MARKET: BY COUNTRY, 2017-2023
TABLE 5 MIDDLE EAST & AFRICA AUTOMOTIVE FRONT-END MODULE MARKET: BY COUNTRY, 2017-2023
TABLE 6 LATIN AMERICA AUTOMOTIVE FRONT-END MODULE MARKET: BY COUNTRY, 2017-2023
LIST OF FIGURES:
FIGURE 1 GLOBAL AUTOMOTIVE FRONT-END MODULE MARKET SEGMENTATIONFIGURE 2 FORECAST METHODOLOGY
FIGURE 3 FIVE FORCES ANALYSIS OF GLOBAL AUTOMOTIVE FRONT-END MODULE MARKET
FIGURE 4 VALUE CHAIN OF GLOBAL AUTOMOTIVE FRONT-END MODULE MARKET
FIGURE 5 SHARE OF GLOBAL AUTOMOTIVE FRONT-END MODULE MARKET IN 2017, BY COUNTRY (IN %)
FIGURE 6 GLOBAL AUTOMOTIVE FRONT-END MODULE MARKET, 2017-2023,
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