Global Automotive Front-end Module Market is set to rise from its initial estimated value of USD 104.77 billion in 2018 to an estimated value of USD 166.99 billion by 2026, registering a CAGR of 6% in the forecast period of 2019-2026.
Market Definition: Automotive Front-end Module Market
Automotive front-end modules are assembly pieces that combine and involve a number of components into one. The components depend on requirement of the original equipment manufacturers and the type of vehicles. Originally, all of this was prepared by the manufacturer which is a very time and resource consuming process which raised the need for specific players for this particular process.
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Major Market Drivers & Restraints are as follows:
- Increasing vehicle demand and production is expected to drive the market growth
- Requirement of original equipment manufacturers to modularize and outsource front-end modules for time and cost saving is also expected to drive the market growth
- Prevalence of counterfeit front-end modules in the market is expected to act as a restraint to the market growth
- Safety and technological regulations and hindrances in lightweight front-end modules is also expected to restrain the market growth
Key Market Competitors: Automotive Front-end Module Market
Few of the major competitors are CRRC, Bombardier, Alstom, Siemens AG, Kawasaki Heavy Industries Ltd., GENERAL ELECTRIC, TRANSMASHHOLDING, Stadler Rail, CAF Construcciones y Auxiliar de Ferrocarriles, S.A., HYUNDAI ROTEM COMPANY, MITSUBISHI HEAVY INDUSTRIES LTD., Talgo, TOSHIBA CORPORATION, Hitachi Ltd., Chittaranjan Locomotive Works, Tech Mahindra Limited, Niigata Transys Co.Ltd., Scomi Group Bhd, ABB, Strukton, DEUTA-WERKE GmbH, Thales Group, Deutsche Bahn AG, Lamifil, Balfour Beatty, American Equipment Company, Wabtec Corporation, CalAmp, Sinara Transportation Machines, Alucast Iran Co., and Randon Implementos.
This market report is helpful in assessing the effectiveness of advertising program and identifies the causes of consumer resistance. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. The report helps business in knowing its market share over various time periods, transportation, storage, and supply requirements of its products. This report examines market by regions, especially North America, China, Europe, Southeast Asia, Japan, and India, focusing top manufacturers in global market, with respect to production, price, revenue, and market share for each manufacturer.
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Market Segmentation: Automotive Front-end Module Market
- By Vehicle Type:
- Passenger Cars
- Light Commercial Vehicles (LCV)
- Heavy Commercial Vehicles (HCV)
- By Material:
- By Component:
- Motor Fan
- Internal Air Cooler
- Radiator Core Support
- Oil Cooler
- Front Grill
- Front Active Grill
- Horn Assembly
- Hose Assembly
- Bracket Assembly
- Automotive Air Quality Sensor
- Bumper Beam
- Cruise Control Sensor
- Crash Sensor
- Night Vision Sensor
- Park Assist.
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Global automotive front-end module market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of automotive front-end module market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
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