Global Automotive Front End Module Market Size By Vehicle (Lightweight vehicles, Heavy Vehicles, Passenger vehicle), By Material (Metals, Plastic, Composites, Metal-composites hybrid, Alloys), By Geographic Scope And Forecast

Automotive Front End Module Market Size And Forecast

Automotive Front End Market size is calculated at USD 122 Billion in 2022 and is estimated to stay at USD 158 Billion by 2030, reporting an increasing CAGR of 3.3 % from 2024 to 2030.

The market growth is being pushed by the rising disposable income in various countries, which is leading to a massive shift in the demand for luxury cars and SUVs. Also, the stringent emission standards in different regions are expanding the expansion of global Automotive Front End Module Market The Global Automotive Front End Module Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Automotive Front End Module Market Definition

An Automotive Front End Module is a system that combines several parts into one unit, often seen at the front of a car. An automobile’s Automotive Front End Module (AFM) regulates airflow over the vehicle’s engine and exhaust system. AFMs are also in charge of managing the climate control, audio, and navigation systems. This system includes the steering wheel, column, and airbag module. Automotive Front End modules are an example of an assembly item that combines several components.

These parts include bumpers, crumple zones, hood latches, radiators & cooling fans, grille-opening reinforcement (GOR) panels, air conditioning (A/C) condensers, radiators & cooling fans, crumple zones, radiators & cooling fans, and air conditioning (A/C) condensers.

Global Automotive Front End Module Market Overview

In the medium term, demand in the market is anticipated to be driven by the developing automotive industry and rising consumer awareness of vehicle safety in all major global regions. Additionally, the growing demand for technologically sophisticated lightweight front-end modules and the ever-increasing requirement to reduce vehicle weight are projected to present profitable prospects for market participants. But as manufacturers seek to miniaturize their products in response to increased consumer interest in vehicle front-end modules, market growth is projected to be constrained throughout the forecast period due to high expenditures in the Automotive Front End Module industry.

Further, critical automotive players are actively looking to adopt the latest front-end modules to gain a competitive edge and support market growth in the coming years. Additionally, major players in the automobile industry actively seek to integrate the newest front-end modules into their cars to obtain a competitive advantage and assist market expansion in the ensuing years. Additionally, the development of ADAS and autonomous vehicles will accelerate the market’s overall growth because they have more sensors than traditional vehicles, providing more opportunities for in-depth study in this area. The rising need for lightweight automobiles also propels the Automotive Front End Module (FEM) industry. Lightweight car components can lower CO2 emissions and costs by reducing the overall weight of the vehicles. Thus, strict pollution and fuel economy restrictions, such as corporate average fuel economy (CAFÉ) and BS-VI criteria, have been implemented by several governments around the world.

Global Automotive Front End Module Market Segmentation Analysis

The Global Automotive Front End Module Market is Segmented on the Basis of Vehicle, Material, And Geography.

Automotive Front End Module Market, By Vehicle

• Lightweight vehicles
• Heavy Vehicles
• Passenger vehicle

Based on Vehicle, Light-weight vehicles, heavy vehicles, and passenger vehicles are segments in which the global Automotive Front End Module Market. The lightweight vehicles segment is estimated to hold a heavy share of the market owing to the surged emphasis on lightweight vehicles.

Automotive Front End Module Market, By Material

• Metals
• Plastic
• Composites
• Metal-composites hybrid
• Alloys

Based on Material, The global Automotive Front End Module Market is further bifurcated into metals, plastic, composites, metal-composites hybrid, and alloys.  During the forecast period, the composite segment is anticipated to grow due to its lightweight property and resistance to corrosion and chemicals.

Automotive Front End Module Market, By Geography

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa

Based on Geography, the market is distributed in North America, Asia Pacific, the Middle East, Europe and Africa, and Latin America. Asia Pacific will be witnessing a strong growth due to the region’s sizeable Automotive Front End Module manufacturers. Vehicle production is also growing in China, Japan, India, and others.

Key Players

The “Global Automotive Front End Module Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Denso Corporation, Hyundai Mobis, Faurecia SA, MAHLE GmbH, HBPO, Motherson Automotive Systems Group, Magna International, Valeo Inc, SL Corporation, and others.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the players mentioned above globally.

Key Developments

• In December 2020, Hyundai Mobis declared that the top management had given approval to the acquisition of Hyundai Autron, its semiconductor division. With this, they will be capable of developing semiconductors for vehicles.
• In May 2021, Mother Son Group announced the acquisition of stakes in Turkey’s Plast Met Group via Samvardhana Mother Son, one of its subsidiaries.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global Automotive Front End Module Market. We cover the major impacting factors driving the industry growth in the given region.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the Global Automotive Front End Module Market, gauge the attractiveness of a certain sector, and assess investment possibilities.

Report Scope

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Research Methodology of Market Research

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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