The global demand for Bumper Beam Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period 2022 - 2028.
Bumper Beam refers to the parts in the front and rear ends of motor vehicles, which acts as a crash box and take the load mainly to the axial direction. These parts are generally designed to minimize damage to the vehicle and the risk of injury to the person by absorbing the energy stemming from collision. The bumper beams are usually made up of steel, alloy, plastic and carbon fibre. It protects the car from damage at a barrier impact speed of 2.5 mph across the full width and 1.5 mph across the corners, similar to a five-mph smash with an equal-weight parked vehicle. The use of bumper beams in automotive helps reduce the number of road accidents.
Market Dynamics
The key factor driving the demand of the bumper beam market is the increasing rate of road accidents and the growing expansion of the automotive industry. The careful design of bumper beams can enhance the strength, reduce weight and increase the possibility of utilizing recyclable material to reduce environmental pollution. Manufacturers are focusing on developing improved materials for automotive bumpers at a low cost for consumers, contributing to the market growth. Moreover, the developing new material technologies like polymer, polyamide, polypropylene and polystyrene are increasing demand for the bumper beam market in different automotive platforms. Increasing fuel efficiency and emission are also creating several growth opportunities for the bumper beam market in the future.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of bumper beam. The growth and trends of bumper beam industry provide a holistic approach to this study.
Market Segmentation
This section of the bumper beam market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
- Steel Reinforcing Beams
- Plastic Reinforcing Beams
- Aluminum Reinforcing Beams
- Others
By Application
- Passenger Cars
- Commercial Vehicles
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Bumper Beam market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Bumper Beam Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the bumper beam market include Magna International, Plastic Omnium, thyssenkrupp, Futaba Industrial, CIE Automotive, Hutchinson, Benteler International and others. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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