HOME Press Releases Automotive Front End Module Market worth 119.08 Billion USD by 2020



Automotive Front End Module Market worth 119.08 Billion USD by 2020


The report, Automotive Front End Module Market by Component (Radiator, Condenser, Core Support, Headlight, Front Grill, Bumpers, Fenders, Crash Management System, and Others), Vehicle Type, Region, Material and by Aftermarket - Global Forecast to 2020”, classifies and defines the automotive FEM market, in terms of value and volume. The report highlights potential growth opportunities in the coming years, and reviews the drivers, restraints, growth indicators, challenges, market dynamics, competitive landscape, and other key aspects with respect to the FEM market.

                      Request Sample                         Request Sample

Browse 136 market data tables and 62 figures spread through 217 pages and in-depth TOC on "Automotive Front End Module Market by Component (Radiator, Condenser, Core Support, Headlight, Front Grill, Bumpers, Fenders, Crash Management System, and Others), Vehicle Type, Region, Material and by Aftermarket - Global Forecast to 2020"
http://www.marketsandmarkets.com/Market-Reports/automotive-front-end-module-market-255909749.html
Early buyers will receive 10% customization on reports.

The global automotive front-end module (FEM) market is estimated to be USD 89.75 Billion in 2015, and is projected to reach USD 119.08 Billion by 2020, growing at a CAGR of 5.82%. The FEM market is primarily driven by the increasing production of light passenger vehicles and heavy-duty vehicles, rising demand for FEM modularization, and growing demand for lightweight FEMs.

Increasing demand for vehicles

From 2010 to 2015, the automotive industry underwent a period of substantial growth and profitability in regions such as Asia-Pacific and North America; the annual sales of vehicles has reached pre-recession levels in these regions. However, considering the present political, economic, and social situation in countries such as Brazil, Russia, Ukraine, and Middle Eastern countries, the future of the automotive industry remains uncertain. According to MarketsandMarkets analysis, the North American automotive market is experiencing rapid growth in terms of production and sales. However, the outlook for European countries is much weaker, as the region is slowly emerging from a six-year sales slump.

Asia-Pacific remains the major driving force behind the global automotive industry, with 90.6 million motor vehicles produced—of which over 72.3 million were passenger cars—in 2014, as per the European Automobile Manufacturers Association (ACEA). Factors such as the shift in consumer preferences, expanded regulatory requirements for safety and fuel economy, and availability of data and information regarding FEMs to end-users are expected to fuel the growth of the FEM market.

Increasing demand for FEM modularization

The trend of FEM modularization is gaining traction, as modularization helps OEMs save on cost, time, and manpower during the manufacturing process. Previously, each and every component of the FEM was assembled by OEMs on the assembly line; this was time-consuming and extended the production process of the vehicle. However, the advent of modularization has enabled OEMs to save on these costs and opt for outsourcing these functions. OEMs save around 20 to 30% of costs through modularization, in comparison with the traditional front-end methods.

China could emerge as a potential market

As of 2014, China is the largest automotive market in the world, and has remained the key driver of regional sales in Asia-Pacific, despite a 7.4% slowdown in GDP growth in 2012–2013. According to MarketsandMarkets Analysis, China is the largest market for automotive FEMs, in terms of both, value and volume. Global OEMs such as Volkswagen and General Motors cater to this market by entering into joint ventures with domestic manufacturers. The Chinese market is witnessing substantial growth in the sales of and demand for automobiles, as the economy and spending capability of the population is growing. Recent infrastructural developments have boosted the growth of commercial vehicles. However, increasing vehicle production has led to a rise in pollution levels in the country, worsening the urban air quality. The Chinese government is therefore promoting the adoption of vehicles with lower emissions and higher fuel efficiency.

This report also contains profiles of major FEM and FEM component manufacturers such as Faurecia SA (France), Denso Corporation (Japan), MAHLE GmbH (Germany), Calsonic Kansei Corporation (Japan), HBPO Group (Germany), Magna International Inc. (Canada), Hyundai Mobis (South Korea), Plastic Omnium (France), and Samvardhana Motherson Group (The Netherlands), among others, along with their key strategies and recent developments.

The report segments the FEM market on the basis of component (radiator, condenser, core support, headlight, front grill, bumpers, fenders, crash management system, and others), vehicle type ( PC, LCV, and HCV) region (Asia-Pacific, Europe, North America, and RoW), and material (steel, aluminum, plastic, and composites).

About MarketsandMarkets

MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: sales@marketsandmarkets.com

Connect Us

Follow us on LinkedIn  Follow us on Facebook   Follow us on Twitter 
Live Chat Support


US : 1-888-600-6441

Search reports