Automotive Front end Module Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast to 2022
Global Automotive Front end module Market Information by Material (Steel, Composite, Plastic, and Others), by Component (Headlight, Front Grill, Radiator, Condenser, Horn Assembly, Oil Cooler and Others), by Vehicle and by Region – Forecast to 2022
Pune, India – September 21, 2017 /MarketersMedia/ —
Market Scenario:
Automotive front end module are multipiece assemblies that integrate the large number of parts such as forward light, radiator and colling fans, bumpers, air conditioning condensers, and others. Rising demand for reduction in weight for vehicles and increasing demand for technically advanced light weight front end modules are expected to surge the demand for the automotive front end module. As the structure of the modular FEM can be standardized which allows common design to be used in multiple models hence leads to cost saving. Also, FEMs can be installed late in the assembly sequence which saves time and cost during the manufacturing process of the vehicle. As per trend, light weight composites FEM such as polypropylene are used in the vehicles to increase the fuel efficiency and performance of the vehicle which in turn expected to contribute in the growth of the automotive front end module market. The global automotive front end module market is expected to show a growth at CAGR of about 6% from 2016 to 2022.
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Key Players:
The key players of Global Automotive Front end module Market report 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.
Regional Analysis of Global Automotive Front end module Market:
Asia-Pacific is the major regions for the automotive front end module market. Asia-Pacific is expected to show significant growth in automotive front end module market. Emerging economies like China, India, are expected to drive the market due to increasing demand for vehicles, increasing middle class disposable income & purchasing power is expected to drive the market for automotive front end module. European region is expected to witness the moderate demand because of the market maturity.
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