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Pulished Date February, 2021
ID: 11185
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Automotive Front End Module Market Segmentation By Type (Radiator, Motor Fan, Condenser, Internal Air Cooler, Radiator Core Support, Oil Cooler, Headlight, Front Grill, Front Active Frill, Bumpers, Horn Assembly, Fenders, Hose Assembly, Bracket Assembly, Automotive Air Quality Sensor, Crash Management System), By Vehicle Type (PC, LCV, HCV), By Material (Steel, Composites, Plastic, Hybrid) - Industry Analysis, Size, Growth, and Forecast 2021-2026

Pulished: February, 2021
ID: 11185
Pages: 175

Automotive Front End Module Market Size, Trends & Growth (2021 - 2026)

Automotive Front Modules (FEMs) are multi-piece assemblies that incorporate a host of components, including front lighting, cooling radiators and fans, air conditioning (A / C) condensers, and gusset panels, Grille Opening (GOR), crumple zones, decorative trim bumpers, hood latches, electronics and wiring.

Today, instead of heavy vehicles made of steel and iron, lightweight components are used to improve fuel efficiency and vehicle performance. Hybrid composite / metal designs are preferably used for heavy duty vehicles. FEMs are installed later in the manufacturing process during the assembly sequence by manufacturers, saving time and costs. For example, recently launched Hyundai and Mercedes cars use a lightweight front module that enables the integration of additional features into components, saves assembly time, reduces costs, and reduces mass.

The global automotive front end module market is expected to grow at a CAGR of approximately 6% in the next five years.

The production cost reduction strategies and the innovation of the front modules have allowed to minimize labor costs, assembly costs and increase pedestrian safety. The factors mentioned above are said to drive the global automotive front module market. To support consumer demand for vehicles and maintain their market position, manufacturers must find an innovative solution that reduces the cost of producing vehicles, while reducing assembly time and delaying product delivery. This is only possible by modularizing vehicle parts and creating a platform-based product family.

Recent Developments:

  • Calsonic Kansei Corporation, one of Japan's leading auto parts suppliers, attended “Auto Shanghai 2019”, the 18th Shanghai International Automotive Industry Expo, held in Shanghai, China from April 18 to 25 of 2019.
  • The MAHLE Group intends to sell its shares in the Hella Behr Plastic Omnium (HBPO) joint venture to its co-shareholder Plastic Omnium.
  • The Japanese company DENSO Corporation and Daihatsu Motor Co., Ltd., based in Osaka, Japan, jointly developed a lightweight, high-performance front end that is 30% lighter than the conventional component structure.
  • Faurecia signed a memorandum of understanding for the sale of its worldwide automotive exterior business to Compagnie Plastic Omnium.

IMPACT OF COVID-19 ON AUTOMOTIVE FRONT END MODULE MARKET:

COVID-19 is an unrivaled global public health emergency that has affected nearly every industry, hence the long-term effects that are expected to impact industry growth during the forecast period. Our ongoing research amplifies our research framework to ensure that the underlying issues of COVID-19 and possible future pathways are included. The report provides insights on COVID-19 considering changes in consumer behavior and demand, purchasing patterns, supply chain diversion, the dynamics of current market forces, and major government interventions. Rapid digitization, coupled with increasing industrial automation, especially in developing economies, is one of the key factors creating positive prospects for the market. Besides, with the rise in usage of social media platforms and IoT devices, there is a tremendous surge in data generated by industries like the banking, financial services, and insurance (BFSI). This has reinforced consumers' preference for smart devices equipped with innovative RF front-end modules, which in turn contributes to market growth. In addition, various technological advances, such as the development of silicon-on-insulator (SOI) substrates, act as other growth factors. RF-SOI substrates support 3G, 4G / LTE operation, and future network requirements to enable faster and more reliable data transmission.

Drivers and Restraints of Automotive Front End Module Market:

Drivers:

The growth of the automotive industry and the increasing focus of OEMs on vehicle modularization and weight reduction are the key factors driving the growth of the Automotive Front Modules market. With the increase in disposable income in developing countries, mainly China, India and Indonesia, the adoption of personal vehicles is increasing at a significant rate, thus contributing to the growth of the automotive industry. Likewise, the commercial vehicle market has also experienced enormous growth in recent years, due to the growth of the logistics industry and the increasing demand for public transport. Therefore, the growth of the automotive industry has directly influenced the growth of the automotive front module industry.

Restraints:

The growth of the automotive front module market is mainly limited by the increase in sales of counterfeit products in the market. Counterfeit products are of substandard quality and are readily available at much lower costs than those made by OEMs. Furthermore, strict adherence to safety regulations for the use of lightweight and advanced front module components in vehicles is hampering market growth to some extent.

Automotive Front End Module Market Segmentation:

By Type

  • Radiator
  • Motor Fan
  • Condenser
  • Internal Air Cooler
  • Radiator Core Support
  • Oil Cooler
  • Headlight
  • Front Grill
  • Front Active Grill
  • Bumpers
  • Horn Assembly
  • Fenders
  • Hose Assembly
  • Bracket Assembly
  • Automotive Air Quality Sensor
  • Crash Management System

By Vehicle Type

  • PC
  • LCV
  • HCV

During the forecast period, the market is supposed to see the fastest growth in the passenger car category, due to increased use of such cars and rising living standards in developing economies such as China and India. In 2017, passenger car sales in China and India amounted to 24.96 million and 3.2 million units, an increase of 2.4% and 9.2%, respectively, over the 2016 figures. Figures will increase exponentially in the next few years, due to the aforementioned factors.

By Material

  • Steel
  • Composites
  • Plastic
  • Hybrid

During the forecast period, the market is expected to register significant growth in the composites category, due to its high strength-to-weight ratio, low weight, and chemical and corrosion resistance. The increasing use of compounds in high-end luxury cars is also estimated to contribute to market growth in this category in the coming years.

Automotive Front End Module Market Region wise analysis:

Marked Segmentation based on the region:

  1. North America
    1. U.S
    2. Canada
  2. Europe
    1. Norway
    2. Germany
    3. Sweden
  3. Asia Pacific
    1. China
    2. India
    3. Japan
  4. Latin America
    1. Brazil
    2. Mexico
    3. Argentina
  5. Middle East and Africa

a. Middle East

b. Africa

The European region is supposed to experience moderate demand due to the maturity of the market. Asia-Pacific is the main region of the automotive front module market. Asia-Pacific is likely to show significant growth in the automotive front end module market. Emerging economies such as China and India are expected to drive the market due to growing demand for vehicles, increasing the disposable income of the middle class and the purchasing power expected to drive the automotive front module business.

Key Players of Market:

The automotive FEM market is dominated by a few global players, such as Faurecia SA (France), Denso Corporation (Japan), MAHLE GmbH (Germany), Calsonic Kansei Corporation (Japan), HBPO Group (Germany), Magna International Inc. (Canada), Hyundai Mobis (South Korea), Plastic Omnium (France), and Samvardhana Motherson Group (The Netherlands).

1. Introduction                            

          1.1 Market Definition                  

          1.2 Scope of the report               

          1.3 Study Assumptions               

          1.4 Base Currency, Base Year and Forecast Periods              

2. Research Methodology                      

          2.1 Analysis Design          

          2.2 Research Phases                   

                    2.2.1 Secondary Research 

                    2.2.2 Primary Research     

                    2.2.3 Data Modelling        

                    2.2.4 Expert Validation     

          2.3 Study Timeline            

3. Report Overview                     

          3.1 Executive Summary               

          3.2 Key Inferencees          

4. Market Dynamics                    

          4.1 Impact Analysis           

                    4.1.1 Drivers

                    4.1.2 Restaints       

                    4.1.3 Opportunities 

          4.2 Regulatory Environment                  

          4.3 Technology Timeline & Recent Trends                  

5. Competitor Benchmarking Analysis                        

          5.1 Key Player Benchmarking                 

                    5.1.1 Market share analysis         

                    5.1.2 Products/Service      

                    5.1.3 Regional Presence    

          5.2 Mergers & Acquistion Landscape               

          5.3 Joint Ventures & Collaborations                 

6. Market Segmentation                        

          6.1 Automotive Front End Module Market, By Type               

                    6.1.1 Radiator        

                    6.1.2 Motor Fan     

                    6.1.3 Condenser    

                    6.1.4 Internal Air Cooler   

                    6.1.5 Radiator Core Support       

                    6.1.6 Oil Cooler      

                    6.1.7 Headlight      

                    6.1.8 Front Grill     

                    6.1.9 Front Active Grill      

                    6.1.10 Bumpers      

                    6.1.11 Market Size Estimations & Forecasts (2021-2026)      

                    6.1.12 Y-o-Y Growth Rate Analysis       

                    6.1.13 Market Attractiveness Index       

          6.2 Automotive Front End Module Market, By Vehicle Type             

                    6.2.1 PC       

                    6.2.2 LCV     

                    6.2.3 HCV    

                    6.2.4 Market Size Estimations & Forecasts (2021-2026)        

                    6.2.5 Y-o-Y Growth Rate Analysis         

                    6.2.6 Market Attractiveness Index         

          6.3 Automotive Front End Module Market, By Material          

                    6.3.1 Steel   

                    6.3.2 Composites   

                    6.3.3 Plastic

                    6.3.4 Hybrid

                    6.3.5 Market Size Estimations & Forecasts (2021-2026)        

                    6.3.6 Y-o-Y Growth Rate Analysis         

                    6.3.7 Market Attractiveness Index         

7. Geographical Landscape                    

          7.1 Global Identity Governance and Administration Market, by Region                   

          7.2 North America - Market Analysis (2018 - 2024)             

                    7.2.1 By Country     

                              7.2.1.1 USA

                              7.2.1.2 Canada

                    7.2.2 By Type         

                    7.2.3 By Vehicle Type        

                    7.2.4 By Material    

          7.3 Europe             

                    7.3.1 By Country     

                              7.3.1.1 UK

                              7.3.1.2 France

                              7.3.1.3 Germany

                              7.3.1.4 Spain

                              7.3.1.5 Italy

                              7.3.1.6 Rest of Europe

                    7.3.2 By Type         

                    7.3.3 By Vehicle Type        

                    7.3.4 By Material    

          7.4 Asia Pacific                 

                    7.4.1 By Country     

                              7.4.1.1 China

                              7.4.1.2 India

                              7.4.1.3 Japan

                              7.4.1.4 South Korea

                              7.4.1.5 South East Asia

                              7.4.1.6 Australia & NZ

                              7.4.1.7 Rest of Asia-Pacific

                    7.4.2 By Type         

                    7.4.3 By Vehicle Type        

                    7.4.4 By Material    

          7.5 Latin America             

                    7.5.1 By Country     

                              7.5.1.1 Brazil

                              7.5.1.2 Argentina

                              7.5.1.3 Mexico

                              7.5.1.4 Rest of Latin America

                    7.5.2 By Type         

                    7.5.3 By Vehicle Type        

                    7.5.4 By Material    

          7.6 Middle East and Africa          

                    7.6.1 By Country     

                              7.6.1.1 Middle East

                              7.6.1.2 Africa

                    7.6.2 By Type         

                    7.6.3 By Vehicle Type        

                    7.6.4 By Material    

8. Key Player Analysis                           

          8.1 Faurecia SA                

                    8.1.1 Business Description

                    8.1.2 Products/Service      

                    8.1.3 Financials      

                    8.1.4 SWOT Analysis         

                    8.1.5 Recent Developments         

                    8.1.6 Analyst Overview      

          8.2 Denso Corporation                

          8.3 MAHLE GmbH             

          8.4 Calsonic Kansei Corporation            

          8.5 HBPO Group               

          8.6 Magna International Inc                  

          8.7 Hyundai Mobis           

          8.8 Plastic Omnium          

          8.9 Samvardhana Motherson Group                 

9. Market Outlook & Investment Opportunities                     

Appendix                         

          List of Tables          

          List of Figures                  

  • Global, Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The segment-level analysis in terms of by type, by application, by end-user, along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographics, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Automotive Front End Module Market By Region, From 2021-2026 ( USD Billion )
  2. Global Automotive Front End Module Market By Type, From 2021-2026 ( USD Billion )
  3. Global Radiator  Market By Region, From 2021-2026 ( USD Billion )
  4. Global Motor Fan  Market By Region, From 2021-2026 ( USD Billion )
  5. Global Condenser  Market By Region, From 2021-2026 ( USD Billion )
  6. Global Internal Air Cooler  Market By Region, From 2021-2026 ( USD Billion )
  7. Global Radiator Core Support  Market By Region, From 2021-2026 ( USD Billion )
  8. Global Oil Cooler  Market By Region, From 2021-2026 ( USD Billion )
  9. Global Headlight  Market By Region, From 2021-2026 ( USD Billion )
  10. Global Front Grill  Market By Region, From 2021-2026 ( USD Billion )
  11. Global Front Active Grill  Market By Region, From 2021-2026 ( USD Billion )
  12. Global Bumpers  Market By Region, From 2021-2026 ( USD Billion )
  13. Global Automotive Front End Module Market By Vehicle Type, From 2021-2026 ( USD Billion )
  14. Global PC  Market By Region, From 2021-2026 ( USD Billion )
  15. Global LCV  Market By Region, From 2021-2026 ( USD Billion )
  16. Global HCV  Market By Region, From 2021-2026 ( USD Billion )
  17. Global Automotive Front End Module Market By Material, From 2021-2026 ( USD Billion )
  18. Global Steel  Market By Region, From 2021-2026 ( USD Billion )
  19. Global Composites  Market By Region, From 2021-2026 ( USD Billion )
  20. Global Plastic  Market By Region, From 2021-2026 ( USD Billion )
  21. Global Hybrid  Market By Region, From 2021-2026 ( USD Billion )

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