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
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
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.
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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.
Basically, the big guys in the car world are all scrambling to use the newest front-end modules. Why? They want to stay ahead of the game and help the market keep booming in the next few years. Think of it as a race to pack the best tech into their cars!
Plus, all this development around ADAS (Advanced Driver-Assistance Systems) and self-driving cars is really pushing the market forward. These fancy vehicles need tons of sensors, which means lots of room for research and new front-end module designs.
And let's not forget about the demand for lighter cars. Using Automotive Front End Modules (FEM) helps shave off weight, which is a big deal. Lighter cars mean lower emissions and better fuel efficiency – which is exactly what governments are pushing for with strict rules like CAFÉ standards and BS-VI norms.
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
REPORT ATTRIBUTES
DETAILS
STUDY PERIOD
2019-2030
BASE YEAR
2022
FORECAST PERIOD
2024-2030
HISTORICAL PERIOD
2019-2021
UNIT
Value (USD Billion)
KEY COMPANIES PROFILED
Denso Corporation, Hyundai Mobis, Faurecia SA, MAHLE GmbH, HBPO, Motherson Automotive Systems Group, Magna International, Valeo Inc, SL Corporation, and others.
SEGMENTS COVERED
By Vehicle
By Material
By Geography
CUSTOMIZATION SCOPE
Free report customization (equivalent to up to 4 analyst working days) with purchase. Addition or alteration to country, regional & segment scope
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Research Methodology of Market Research
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Reasons to Purchase this Report
We dig deep, using both numbers and more nuanced, human factors to understand the market through segmentation. You'll get clear market value data (in USD Billion) for every piece of the puzzle. We'll point out the region and segment poised for the most explosive growth and who's leading the pack. Our geography analysis shows you where the product/service is being used most and what's influencing the market there. We'll map out the competitive landscape, ranking the big players and highlighting new launches, partnerships, expansions, and acquisitions from the last five years. Expect detailed company profiles with overviews, insights, product benchmarks, and SWOT analysis for key players. We'll give you our take on the current and future market outlook, covering growth opportunities, drivers, challenges, and restraints in both emerging and developed regions. We also include a thorough Porter's five forces analysis, a look at the value chain, and a scenario of market dynamics with growth projections. And to top it off, you'll get 6 months of post-sales analyst support.
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