Automotive Front End Module Market Highlights:
Automotive Front End Module Market Research Report – Global 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 (Passenger, Commercial) and by Region – Forecast to 2022.
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.
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Automotive Front End Module Market Insights:
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.
The global automotive industry has experienced a potential demand for light weight vehicles. Over the years it has been analysed that the demand for light weight vehicles has increased among the end users which in turn has put pressure on auto bumpers manufacturers to reduce the material weight. Major reasons that have propelled this decision is that light weight vehicle consumes less fuel and the emission rate, moreover, the governments of various countries have taken same initiatives. Owing to all these factors, the OEMs such as Compagnie Plastic Omnium, Faurecia Group, Magna International, Fab Fours and other have actively shifted their focus on reducing weights.
Furthermore, the major automotive producers have also witnessed a strong demand for light weight vehicle due to the government’s initiative on less fuel consumption as light weight vehicles consumes less fuel consumption. Additionally, it has been observed that in North America and Europe, the government have made regulation on per miles average of vehicles and as per European automotive associations and US Corporate Average Fuel Economy (CAFE) standards, the amendments have been made for vehicles average, which ensures that vehicles must give average of around 34 miles per gallon. However, due to all the above factors, the demand for light weigh vehicle is expected to increase which in turn for light weight auto components.
The global Automotive Front End Module market is segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Material: Comprises Steel, Composite, Plastic, and Others
Segmentation by Component: Comprises Headlight, Front Grill, Radiator, Condenser, Horn Assembly, Oil Cooler and Others.
Segmentation by Vehicle: Comprises Passenger, Commercial.
Segmentation by Regions: Comprises Geographical regions – North America, Europe, APAC and Rest of the World.
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