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Los Angeles, CA -- (SBWIRE) -- 05/17/2019 -- Plastic Bumpers is usually a metal bar or beam, attached the vehicle's front-most and rear-most ends, designed to absorb impact in a collision. The main function of a bumper is to protect the car's body in a slight collision, typically at parking speed. Front and rear bumpers on today's cars generally consist of a plastic cover over a reinforcement bar made of steel, aluminum, fiberglass composite or plastic.
Global sales of Plastic Bumpers is expected to be over 100 million units in 2016 and about 72% have been sales in China, Europe and North America regions. For the product types, Front Bumper occupies the largest market share (about 63% in 2016), and followed by Rear Bumper.
The Plastic Bumpers industry is concentrated; there are 11 manufacturers (about 82% of Asia-Pacific total sales) counted in the report. Major manufactures are Plastic Omnium, Magna, SMP, Tong Yang, Benteler, Hyundai Mobis, KIRCHHOFF, HuaYu Automotive, Seoyon E-Hwa, Flex-N-Gate, Toyoda Gosei, Jiangnan MPT, Rehau, Ecoplastic, Zhejiang Yuanchi and etc.
Due to national industrial policy support and growing industry standardization, Plastic Bumpers Industry is developing in the good direction. Despite the presence of competition problems, due to the global recovery trend, investors are still optimistic about this area; the future will still have more new investment enter the field. For the fierce competition between suppliers, the price and gross margin is expected to decrease further.
But we also should notice that there is a gap in the sales technology and equipment compared to developed countries. Domestic industry should focus on research on new material and process. The falling prices of raw materials could be a good signal for Automotive Bumper Industry.
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The global Plastic Bumpers market was 11300 million US$ in 2018 and is expected to 13500 million US$ by the end of 2025, growing at a CAGR of 2.2% between 2019 and 2025.
This report studies the Plastic Bumpers market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Plastic Bumpers in these regions, from 2014 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
By the product type, the market is primarily split into
By the end users/application, this report covers the following segments
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