As the demand for lightweight vehicles rises, the Global Automotive Front End Module Market estimated to grow with 6{02346bf83de6e36140f9a3419962accbe3517f5478f0c39703bb0046727acb31} CAGR between 2020 and 2022

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Dec 24, 2020 (Heraldkeepers) — Automotive front-end module is defined as multi-piece assemblies integrating the large number of parts such as air conditioning condensers, cooling fans, forward light, radiator & bumpers, and others. Market Research Future (MRFR) has published and released a research report about the global automotive front-end module (FEM) market that estimates enlargement for this market with 6% CAGR (Compound Annual Growth Rate) between 2020 and 2022. Analyzing the market structure, this report evaluates the future growth potential of the market. It observes the strategies of the key players in the market and follows the competitive developments such as joint ventures, new product developments, mergers and acquisitions, research and developments (R & D) in the market.

The primary factors the drive the global automotive front-end module market growth include increasing demand for technically advanced lightweight front-end modules, rising demand for reduction in weight for vehicles, and cost saving. Today cost saving is possible during the vehicle manufacturing process because one design of a standardized FEM can be used in multiple vehicle models. A standardized FEM also saves time as it can be installed late in the assembly sequence.

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The global automotive front-end module market has been segmented on the basis of component, material, vehicle type, and lastly, region. The component-based segmentation of this market segments it into the condenser, front grill, headlight, horn assembly, oil cooler, radiator, and others. The segmentation of the market based on material covers composite, plastic, steel, and others. By vehicle type, the market has been segmented into the commercial vehicle and a passenger vehicle.

The regional segmentation of the global automotive front-end module market segments the market into North America, Asia Pacific, Europe, and the rest of the world (RoW). Already being a major market for the automotive front-end module, Asia-Pacific is expected to show significant growth during the forecast period. Emerging economies like China and India are expected to drive the market due to factors like increasing demand for vehicles, increasing middle-class disposable income & purchasing power. Another important country-specific market is Japan, followed by the rest of the Asia Pacific region.

Europe is expected to witness the moderate demand during the forecast period as the because of the market is already mature in this region. The most important country-specific markets in this region are France, Germany, and the United Kingdom (UK). North America is also an important market. Due to its nature of being an established market, the growth in this region is expected to steady. In this region, the most important regional markets are the United States of America (USA), Canada, and Mexico, followed by the rest of North America. The USA is the most powerful economy in North America.

Key Players

The key players in the global automotive front-end module market include Calsonic Kansei Corporation (Japan), Denso Corporation (Japan), Faurecia SA (France), Hbpo Group (Germany), Hyundai Mobis (South Korea), Magna International Inc. (Canada), Mahle GmbH (Germany), Plastic Omnium (France), SL Corporation (South Korea), and Valeo S.A. (France).

Latest Industry News

  • Hella Behr Plastic Omnium (HBPO), a leading supplier of front-end modules, has planned to open two new assembly plants in Mexico this year to help sustain its growth in North America where it hopes its annual revenues to reach the US $ 1 bn by 2022. 11 JUL 2018
  • Skyworks Solutions has introduced a family of compact, RF front-end modules (FEMs). The company specifically designed the RF FEMs for low-power wide-area network (LPWAN). 18 SEP 2018
  • HBPO is scouting a new additional site in Michigan to expand its business in North America. 19 JUL 2018

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Key Questions Addressed by the Report

  • What was the historic market size (2020)?
  • Which segmentation (Product/ Capacity) is driving market?
  • What will be the growth rate by 2022?
  • How are the key players in this market?
  • What are the strategies adopted by key players?

TABLE OF CONTENTS

1 EXECUTIVE SUMMARY

2 SCOPE OF THE REPORT

2.1 MARKET DEFINITION

2.2 SCOPE OF THE STUDY

2.2.1 DEFINITION

2.2.2 RESEARCH OBJECTIVE

2.2.3 ASSUMPTIONS

2.2.4 LIMITATIONS

2.3 RESEARCH PROCESS

2.3.1 PRIMARY RESEARCH

2.3.2 SECONDARY RESEARCH

2.4 MARKET SIZE ESTIMATION

2.5 FORECAST MODEL

3 MARKET LANDSCAPE

3.1.1 THREAT OF NEW ENTRANTS

3.1.2 BARGAINING POWER OF BUYERS

3.1.3 THREAT OF SUBSTITUTES

3.1.4 SEGMENT RIVALRY

3.1.5 BARGAINING POWER OF BUYERS

3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS

4 MARKET DYNAMICS

4.1 INTRODUCTION

4.2 MARKET DRIVERS

4.3 MARKET RESTRAINTS

4.4 MARKET OPPORTUNITIES

4.5 MARKET TRENDS

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