Global Automotive Front-End Module Market Report 2022 to 2027: Growth, Trends, COVID-19 Impact and Forecasts – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Automotive Front-End Module Market – Growth, Trends, COVID-19 Impact, and Forecasts (2022 – 2027)” report has been added to ResearchAndMarkets.com’s offering.

The Automotive Front-End Module Market was valued at USD 124.95 billion in 2021 and is expected to reach USD 176.4 billion by 2027 registering a CAGR f above 5% during the forecast period (2022 – 2027).

Companies Mentioned

• Denso Corporation
• Hirschvogel Automotive Group
• HYUNDAI MOBIS CO. LTD
• Magna International Inc.
• Hanon Systems
• Compagnie Plastic Omnium SA
• SL Corporation
• Valeo SA
• Marelli Corporation
• MAHLE GmbH
• Calsonic Kansei Corporation

Key Market Trends

Increasing Demand for Lightweight Automotive Front-End Modules

The growing demand for lightweight vehicles is also the driving force for the automotive front-end module (FEM) market. As lightweight auto parts reduce the overall weight of the vehicles, they can, in turn, reduce CO2 emissions and cost. So, as several governments across the globe have introduced stringent emission and fuel economy regulations such as corporate average fuel economy (CAFE), BS-VI norms, etc. such regulations are likely to encourage automotive OEMs to increase the usage of lightweight materials such as lightweight metals, composites, and plastics. Experimenting with front-end module materials in auto parts has predominately contributed to achieving 20%-30% of vehicle weight reduction.

Nowadays instead of heavy steel and iron carriers, lightweight components are used which are responsible for fuel efficiency and vehicle performance enhancement. Commonly used materials for lightweight thermoplastics are polypropylene and nylon.

Hybrid composite/metal designs are preferably used for heavy-end vehicles. Environmental regulations for green initiatives and the digital lifestyle of consumers is also playing a vital part in increasing demand for lightweight vehicles and in turn the demand for composite/ hybrid front-end module (FEM).

Currently, several vehicles are launched in the market with front-end modules made of composite materials. The recently launched Hyundai and two small segment cars from Mercedes use a lightweight front-end construction that allows for the integration of additional functionality in components, which in turn saves assembly time, reduces costs, and lowers mass. Carriers for all three vehicles make use of injection-molded pelletized LFT-PP.

Considering such developments and technologies in the market, the trend of light weight components in vehicles anticipated to push manufacturers to offer innovative solutions for their customers. Owing to such trends , the market expected to grow at decent rate during the forecast period.

Asia-Pacific Region Expected to Witness Significant Growth in the Market

The Asia-Pacific region is expected to dominate the automotive front-end module market -owing to the strong presence of key front-end module manufacturers in Japan, South Korea, China, and India. The demand in the market is further supported by growing vehicle production across key countries in the region coupled with the growing focus of various automotive OEMs to produce lightweight vehicles.

Apart from China and India South Korea, Japan are also gaining the importance owing to the presence of big players of automobile industry like Nissan. This region is expected to show strong double digit CAGR for the automotive front end module (FEM) market. Further, demand in the market expected to be supported by key players expansion strategy, production facilities expansion, etc.

Key Topics Covered:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Drivers

4.2 Market Restraints

4.3 Industry Attractiveness – Porter’s Five Force Analysis

5 MARKET SEGMENTATION (Market Size in Value – USD billion)

5.1 By Vehicle Type

5.1.1 Passenger Cars

5.1.2 Light Commercial Vehicle

5.1.3 Heavy Commercial Vehicle

5.2 By Raw Material Type

5.2.1 Metal

5.2.2 Composite

5.2.3 Others

5.3 By Geography

5.3.1 North America

5.3.1.1 United States

5.3.1.2 Canada

5.3.1.3 Rest of North America

5.3.2 Europe

5.3.2.1 Germany

5.3.2.2 United Kingdom

5.3.2.3 France

5.3.2.4 Italy

5.3.2.5 Rest of Europe

5.3.3 Asia-Pacific

5.3.3.1 China

5.3.3.2 India

5.3.3.3 Japan

5.3.3.4 South Korea

5.3.3.5 Rest of Asia-Pacific

5.3.4 Rest of the World

5.3.4.1 South America

5.3.4.2 Middle-East and Africa

6 COMPETITIVE LANDSCAPE

6.1 Vendor Market Share

6.2 Company Profiles

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/2rttl2

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