Lucintel's latest market report analyzed that automotive bumper provides attractive opportunities in passenger cars, light commercial vehicles and heavy commercial vehicles. The automotive bumper market is expected to reach $37.3 billion by 2027 with a CAGR of 4.9%. In this market, standard bumper is the largest segment by bumper type. The increasing use of thermoplastic olefin, introduction of materialize stereo lithography, and development of bumpers made with recycled plastics provides strategic growth path in this market.
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Based on bumper type, the automotive bumper market is segmented into standard bumper, deep drop/cowboy bumper, roll pan bumper, step bumper, and tuber bumper. The standard bumper segment accounted for the largest share of the market in 2021 and is expected to register the highest CAGR during the forecast period, due to bumpers delivers are used in most of the vehicles or cars.
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182 – Pages
The Automotive Bumper Market is marked by the presence of several big and small players. Some of the prominent players offering automotive bumper include Plastic Omnium, Faurecia, Magna International, Toyoda Gosei Co, and Futaba Industrial Co.
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