PUBLISHER: KBV Research | PRODUCT CODE: 1519556
PUBLISHER: KBV Research | PRODUCT CODE: 1519556
North America Automotive Bumper Market Size, Share & Trends Analysis Report By Vehicle Type, By Type, By Material, By Country and Growth Forecast, 2024 - 2031
The North America Automotive Bumper Market would witness market growth of 4.2% CAGR during the forecast period (2024-2031).
The US market dominated the North America Automotive Bumper Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $3,738.2 million by 2031. The Canada market is exhibiting a CAGR of 6.6% during (2024 - 2031). Additionally, The Mexico market would experience a CAGR of 5.7% during (2024 - 2031).
The market is a critical segment of the broader automotive industry, encompassing the design, manufacture, distribution, and sale of bumpers that serve aesthetic and functional purposes in vehicles. Bumpers are essential components that protect in the event of collisions, absorbing impact and minimizing damage to the vehicle's body and, more importantly, safeguarding passengers. Over the years, the market for automotive bumpers has evolved significantly, driven by advancements in materials, manufacturing technologies, design innovations, and changes in regulatory standards and consumer preferences. Understanding the automotive bumper market dynamics requires an in-depth look at its history, current trends, challenges, and prospects.
In the contemporary automotive sector, bumpers are far more than protective components. They are integral to a vehicle's design, contributing to its aerodynamic performance, aesthetic appeal, and brand identity. Modern bumpers are typically composed of a combination of materials, including high-strength plastics, composites, and metals, which provide an optimal balance of strength, durability, and weight. The use of advanced polymers and composites, in particular, has revolutionized bumper manufacturing, enabling the production of lighter yet stronger bumpers that improve fuel efficiency and vehicle performance.
The Mexican Automotive Industry Association (AMIA) highlights that Mexico is one of the world's top auto parts producers and exporters, with the U.S. being a major market for these exports. According to the International Trade Administration (ITA), Mexico is the world's seventh-largest passenger vehicle manufacturer, producing 3.5 million vehicles annually. 88% of vehicles produced in Mexico are exported. The production of EVs and hybrids totaled 51,065 units in 2022, representing a growth of 8.5 percent compared to 2021. The production involves not just complete vehicles but also parts like bumpers.
Furthermore, the vast network of free trade agreements that permit the export of automobile components, such as bumpers, to a number of nations is a factor that makes a contribution to the demand in Mexico. This export capacity is supported by competitive manufacturing costs and strategic geographic proximity to the U.S., driving the need for increased bumper production to meet both domestic and international demand. Therefore, the region will present lucrative growth opportunities for the market throughout the forecast period.
Based on Vehicle Type, the market is segmented into Passenger Vehicle, and Commercial Vehicles. Based on Type, the market is segmented into Standard Bumper, Step Bumper, Deep Drop Bumper, Roll Pan Bumper, and Tube Bumper. Based on Material, the market is segmented into Plastic, Steel, Aluminum, and Fiber. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- Forvia SE
- TOYOTA BOSHOKU CORPORATION
- Magna International, Inc.
- Hyundai Motor Company
- Flex-N-Gate Corporation
- OPmobility (Burelle SA)
- MONTAPLAST GmbH
- Warn Industries, Inc. (LKQ Corporation)
- Tong Yang Group
- Valeo SA
North America Automotive Bumper Market Report Segmentation
By Vehicle Type
- Passenger Vehicle
- Commercial Vehicles
By Type
- Standard Bumper
- Step Bumper
- Deep Drop Bumper
- Roll Pan Bumper
- Tube Bumper
By Material
- Plastic
- Steel
- Aluminum
- Fiber
By Country
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Automotive Bumper Market, by Vehicle Type
- 1.4.2 North America Automotive Bumper Market, by Type
- 1.4.3 North America Automotive Bumper Market, by Material
- 1.4.4 North America Automotive Bumper Market, by Country
- 1.5 Methodology for the research
Chapter 2. Market at a Glance
- 2.1 Key Highlights
Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.1.1 Overview
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
- 4.1 Market Share Analysis, 2023
- 4.2 Porter Five Forces Analysis
Chapter 5. North America Automotive Bumper Market by Vehicle Type
- 5.1 North America Passenger Vehicle Market by Country
- 5.2 North America Commercial Vehicles Market by Country
Chapter 6. North America Automotive Bumper Market by Type
- 6.1 North America Standard Bumper Market by Country
- 6.2 North America Step Bumper Market by Country
- 6.3 North America Deep Drop Bumper Market by Country
- 6.4 North America Roll Pan Bumper Market by Country
- 6.5 North America Tube Bumper Market by Country
Chapter 7. North America Automotive Bumper Market by Material
- 7.1 North America Plastic Market by Country
- 7.2 North America Steel Market by Country
- 7.3 North America Aluminum Market by Country
- 7.4 North America Fiber Market by Country
Chapter 8. North America Automotive Bumper Market by Country
- 8.1 US Automotive Bumper Market
- 8.1.1 US Automotive Bumper Market by Vehicle Type
- 8.1.2 US Automotive Bumper Market by Type
- 8.1.3 US Automotive Bumper Market by Material
- 8.2 Canada Automotive Bumper Market
- 8.2.1 Canada Automotive Bumper Market by Vehicle Type
- 8.2.2 Canada Automotive Bumper Market by Type
- 8.2.3 Canada Automotive Bumper Market by Material
- 8.3 Mexico Automotive Bumper Market
- 8.3.1 Mexico Automotive Bumper Market by Vehicle Type
- 8.3.2 Mexico Automotive Bumper Market by Type
- 8.3.3 Mexico Automotive Bumper Market by Material
- 8.4 Rest of North America Automotive Bumper Market
- 8.4.1 Rest of North America Automotive Bumper Market by Vehicle Type
- 8.4.2 Rest of North America Automotive Bumper Market by Type
- 8.4.3 Rest of North America Automotive Bumper Market by Material
Chapter 9. Company Profiles
- 9.1 Forvia SE
- 9.1.1 Company Overview
- 9.1.2 Financial Analysis
- 9.1.3 SWOT Analysis
- 9.2 Toyota Boshoku Corporation (Toyota Motor Corporation)
- 9.2.1 Company Overview
- 9.2.2 Financial Analysis
- 9.2.3 Segmental and Regional Analysis
- 9.2.4 Research & Development Expenses
- 9.2.5 SWOT Analysis
- 9.3 Magna International, Inc.
- 9.3.1 Company Overview
- 9.3.2 Financial Analysis
- 9.3.3 Segmental and Regional Analysis
- 9.3.4 Research & Development Expenses
- 9.3.5 SWOT Analysis
- 9.4 Hyundai Motor Company
- 9.4.1 Company Overview
- 9.4.2 Financial Analysis
- 9.4.3 Segmental and Regional Analysis
- 9.4.4 Research & Development Expense
- 9.4.5 SWOT Analysis
- 9.5 Flex-N-Gate Corporation
- 9.5.1 Company Overview
- 9.6 OPmobility (Burelle SA)
- 9.6.1 Company Overview
- 9.7 MONTAPLAST GmbH
- 9.7.1 Company Overview
- 9.8 Warn Industries, Inc. (LKQ Corporation)
- 9.8.1 Company Overview
- 9.8.2 Financial Analysis
- 9.8.3 Segmental and Regional Analysis
- 9.9 Tong Yang Group
- 9.9.1 Company Overview
- 9.9.2 Financial Analysis
- 9.9.3 Segmental and Regional Analysis
- 9.9.4 Research & Development Expenses
- 9.10. Valeo SA
- 9.10.1 Company Overview
- 9.10.2 Financial Analysis
- 9.10.3 Segmental and Regional Analysis
- 9.10.4 Research & Development Expense
- 9.10.5 SWOT Analysis
LIST OF TABLES
- TABLE 1 North America Automotive Bumper Market, 2020 - 2023, USD Million
- TABLE 2 North America Automotive Bumper Market, 2024 - 2031, USD Million
- TABLE 3 North America Automotive Bumper Market by Vehicle Type, 2020 - 2023, USD Million
- TABLE 4 North America Automotive Bumper Market by Vehicle Type, 2024 - 2031, USD Million
- TABLE 5 North America Passenger Vehicle Market by Country, 2020 - 2023, USD Million
- TABLE 6 North America Passenger Vehicle Market by Country, 2024 - 2031, USD Million
- TABLE 7 North America Commercial Vehicles Market by Country, 2020 - 2023, USD Million
- TABLE 8 North America Commercial Vehicles Market by Country, 2024 - 2031, USD Million
- TABLE 9 North America Automotive Bumper Market by Type, 2020 - 2023, USD Million
- TABLE 10 North America Automotive Bumper Market by Type, 2024 - 2031, USD Million
- TABLE 11 North America Standard Bumper Market by Country, 2020 - 2023, USD Million
- TABLE 12 North America Standard Bumper Market by Country, 2024 - 2031, USD Million
- TABLE 13 North America Step Bumper Market by Country, 2020 - 2023, USD Million
- TABLE 14 North America Step Bumper Market by Country, 2024 - 2031, USD Million
- TABLE 15 North America Deep Drop Bumper Market by Country, 2020 - 2023, USD Million
- TABLE 16 North America Deep Drop Bumper Market by Country, 2024 - 2031, USD Million
- TABLE 17 North America Roll Pan Bumper Market by Country, 2020 - 2023, USD Million
- TABLE 18 North America Roll Pan Bumper Market by Country, 2024 - 2031, USD Million
- TABLE 19 North America Tube Bumper Market by Country, 2020 - 2023, USD Million
- TABLE 20 North America Tube Bumper Market by Country, 2024 - 2031, USD Million
- TABLE 21 North America Automotive Bumper Market by Material, 2020 - 2023, USD Million
- TABLE 22 North America Automotive Bumper Market by Material, 2024 - 2031, USD Million
- TABLE 23 North America Plastic Market by Country, 2020 - 2023, USD Million
- TABLE 24 North America Plastic Market by Country, 2024 - 2031, USD Million
- TABLE 25 North America Steel Market by Country, 2020 - 2023, USD Million
- TABLE 26 North America Steel Market by Country, 2024 - 2031, USD Million
- TABLE 27 North America Aluminum Market by Country, 2020 - 2023, USD Million
- TABLE 28 North America Aluminum Market by Country, 2024 - 2031, USD Million
- TABLE 29 North America Fiber Market by Country, 2020 - 2023, USD Million
- TABLE 30 North America Fiber Market by Country, 2024 - 2031, USD Million
- TABLE 31 North America Automotive Bumper Market by Country, 2020 - 2023, USD Million
- TABLE 32 North America Automotive Bumper Market by Country, 2024 - 2031, USD Million
- TABLE 33 US Automotive Bumper Market, 2020 - 2023, USD Million
- TABLE 34 US Automotive Bumper Market, 2024 - 2031, USD Million
- TABLE 35 US Automotive Bumper Market by Vehicle Type, 2020 - 2023, USD Million
- TABLE 36 US Automotive Bumper Market by Vehicle Type, 2024 - 2031, USD Million
- TABLE 37 US Automotive Bumper Market by Type, 2020 - 2023, USD Million
- TABLE 38 US Automotive Bumper Market by Type, 2024 - 2031, USD Million
- TABLE 39 US Automotive Bumper Market by Material, 2020 - 2023, USD Million
- TABLE 40 US Automotive Bumper Market by Material, 2024 - 2031, USD Million
- TABLE 41 Canada Automotive Bumper Market, 2020 - 2023, USD Million
- TABLE 42 Canada Automotive Bumper Market, 2024 - 2031, USD Million
- TABLE 43 Canada Automotive Bumper Market by Vehicle Type, 2020 - 2023, USD Million
- TABLE 44 Canada Automotive Bumper Market by Vehicle Type, 2024 - 2031, USD Million
- TABLE 45 Canada Automotive Bumper Market by Type, 2020 - 2023, USD Million
- TABLE 46 Canada Automotive Bumper Market by Type, 2024 - 2031, USD Million
- TABLE 47 Canada Automotive Bumper Market by Material, 2020 - 2023, USD Million
- TABLE 48 Canada Automotive Bumper Market by Material, 2024 - 2031, USD Million
- TABLE 49 Mexico Automotive Bumper Market, 2020 - 2023, USD Million
- TABLE 50 Mexico Automotive Bumper Market, 2024 - 2031, USD Million
- TABLE 51 Mexico Automotive Bumper Market by Vehicle Type, 2020 - 2023, USD Million
- TABLE 52 Mexico Automotive Bumper Market by Vehicle Type, 2024 - 2031, USD Million
- TABLE 53 Mexico Automotive Bumper Market by Type, 2020 - 2023, USD Million
- TABLE 54 Mexico Automotive Bumper Market by Type, 2024 - 2031, USD Million
- TABLE 55 Mexico Automotive Bumper Market by Material, 2020 - 2023, USD Million
- TABLE 56 Mexico Automotive Bumper Market by Material, 2024 - 2031, USD Million
- TABLE 57 Rest of North America Automotive Bumper Market, 2020 - 2023, USD Million
- TABLE 58 Rest of North America Automotive Bumper Market, 2024 - 2031, USD Million
- TABLE 59 Rest of North America Automotive Bumper Market by Vehicle Type, 2020 - 2023, USD Million
- TABLE 60 Rest of North America Automotive Bumper Market by Vehicle Type, 2024 - 2031, USD Million
- TABLE 61 Rest of North America Automotive Bumper Market by Type, 2020 - 2023, USD Million
- TABLE 62 Rest of North America Automotive Bumper Market by Type, 2024 - 2031, USD Million
- TABLE 63 Rest of North America Automotive Bumper Market by Material, 2020 - 2023, USD Million
- TABLE 64 Rest of North America Automotive Bumper Market by Material, 2024 - 2031, USD Million
- TABLE 65 Key Information - Forvia SE
- TABLE 66 Key Information - Toyota Boshoku Corporation
- TABLE 67 Key Information - Magna International, Inc.
- TABLE 68 key Information - Hyundai Motor Company
- TABLE 69 Key Information - Flex-N-Gate Corporation
- TABLE 70 Key Information - OPmobility
- TABLE 71 Key Information - MONTAPLAST GmbH
- TABLE 72 Key Information - Warn Industries, Inc.
- TABLE 73 Key Information - Tong Yang Group
- TABLE 74 Key Information - Valeo SA
