Automotive OE Bumper Cover Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2024

Description

Market Overview

In 2024, the automotive OE bumper cover industry generated revenue of USD 34.9 billion, which is projected to experience a CAGR of 5.3% over the projection period, to attain USD 47.5 billion by the end of the decade. This can be credited to the increasing concern about vehicle safety and that of travelers. The surge in worldwide population propels the count of road accidents, highlighting the urgent requirement for safer vehicles.

It is becoming easier to prevent such occurrences with modern features in automobiles, like bumper covers, meant to enhance the ability of vehicles to better absorb the impact, not to mention in cases of minor collisions. Occupants get the benefit out of reduced repair bills while pedestrians also have a way of avoiding serious injuries in the process. This it does by ensuring that the collision force applied is evenly distributed across the surface area of the object.

Another possible differentiation perspective within the automotive industry is the use of technology upgrading as a way of offering automobile parts with other useful features. Today, bumpers are integrated with features such as sensors and communication modules required for systems such as V2V, collision avoidance as well as pedestrian sensing. This has paved way for smart bumpers that could enhance safety, functionality and connectivity of vehicles on the road.

Key Insights

Standard is the highest-revenue-generating category, holding a share of 50% in the market.

Widely used due to its adaptability, affordability, compatibility, and availability.

The deep dawn design leads the market in growth rate with a CAGR of 5.6%.

Widely used due to its modern appearance, attracting consumers looking to improve the visual appeal of their vehicles.

Thermoplastic materials hold the largest share at 55% in 2024.

Widely used due to affordability, durability, versatility, elasticity, lightweight, excellent impact resistance, ease of molding, and availability.

Resistant to corrosion, rust, and degradation from harsh environmental conditions, reducing maintenance costs and extending the lifespan of automotive components.

Thermosets are the fastest-growing category, with a CAGR of 5.8% during the forecast period.

Offer design flexibility, low weight, and the ability to withstand harsh environmental conditions.

Visually appealing and easily customizable in terms of color, texture, and finish, allowing automakers to provide a wide range of bumper cover options that align with consumer preferences.

The passenger vehicles category dominates the market with a share of 70% in 2024.

Driven by growing personal transportation needs, altering lifestyles, and rising engagement in recreational activities.

Diverse vehicle models and growing car sales contribute to the high demand for bumper covers in this category.

Commercial vehicles are the faster-growing category, with a CAGR of 5.5% from 2024 to 2030.

Rising global demand for commercial vehicles, including trucks, buses, and vans due to e-commerce expansion, economic growth, urbanization, and increasing transportation needs.

Growing market for commercial vehicles boosts the demand for OE bumper covers, equipping these vehicles with safety features and ensuring regulatory compliance.

Asia-Pacific is the largest market with a share of 45% in 2024.

Dominance attributed to being home to leading automotive companies and easy availability of raw materials for synthetic plastic and affordable production facilities.

Increase in vehicle ownership, technological advancements, electric vehicle adoption, and aftermarket growth in regional countries contribute to market leadership.

Product Code: 13000

Chapter 1. Research Scope

1.1. Research Objectives
1.2. Market Definition
1.3. Analysis Period
1.4. Market Size Breakdown by Segments
- 1.4.1. Market size breakdown, by process
- 1.4.2. Market size breakdown, by design
- 1.4.3. Market size breakdown, by material
- 1.4.4. Market size breakdown, by vehicle
- 1.4.5. Market size breakdown, by region
- 1.4.6. Market size breakdown, by country
1.5. Market Data Reporting Unit
- 1.5.1. Volume
- 1.5.2. Value
1.6. Key Stakeholders

Chapter 2. Research Methodology

2.1. Secondary Research
- 2.1.1. Paid
- 2.1.2. Unpaid
- 2.1.3. P&S Intelligence database
2.2. Primary Research
2.3. Market Size Estimation
2.4. Data Triangulation
2.5. Currency Conversion Rates
2.6. Assumptions for the Study
2.7. Notes and Caveats

Chapter 3. Executive Summary

Chapter 4. Market Indicators

Chapter 5. Industry Outlook

5.1. Market Dynamics
- 5.1.1. Trends
- 5.1.2. Drivers
- 5.1.3. Restraints/challenges
- 5.1.4. Impact analysis of drivers/restraints
5.2. Impact of COVID-19
5.3. Porter's Five Forces Analysis
- 5.3.1. Bargaining power of buyers
- 5.3.2. Bargaining power of suppliers
- 5.3.3. Threat of new entrants
- 5.3.4. Intensity of rivalry
- 5.3.5. Threat of substitutes

Chapter 6. Global Market

6.1. Overview
6.2. Market Volume, by Process (2019-2030)
6.3. Market Revenue, by Process (2019-2030)
6.4. Market Volume, by Design (2019-2030)
6.5. Market Revenue, by Design (2019-2030)
6.6. Market Volume, by Material (2019-2030)
6.7. Market Revenue, by Material (2019-2030)
6.8. Market Volume, by Vehicle (2019-2030)
6.9. Market Revenue, by Vehicle (2019-2030)
6.10. Market Volume, by Region (2019-2030)
6.11. Market Revenue, by Region (2019-2030)

Chapter 7. North America Market

7.1. Overview
7.2. Market Volume, by Process (2019-2030)
7.3. Market Revenue, by Process (2019-2030)
7.4. Market Volume, by Design (2019-2030)
7.5. Market Revenue, by Design (2019-2030)
7.6. Market Volume, by Material (2019-2030)
7.7. Market Revenue, by Material (2019-2030)
7.8. Market Volume, by Vehicle (2019-2030)
7.9. Market Revenue, by Vehicle (2019-2030)
7.10. Market Volume, by Country (2019-2030)
7.11. Market Revenue, by Country (2019-2030)

Chapter 8. Europe Market

8.1. Overview
8.2. Market Volume, by Process (2019-2030)
8.3. Market Revenue, by Process (2019-2030)
8.4. Market Volume, by Design (2019-2030)
8.5. Market Revenue, by Design (2019-2030)
8.6. Market Volume, by Material (2019-2030)
8.7. Market Revenue, by Material (2019-2030)
8.8. Market Volume, by Vehicle (2019-2030)
8.9. Market Revenue, by Vehicle (2019-2030)
8.10. Market Volume, by Country (2019-2030)
8.11. Market Revenue, by Country (2019-2030)

Chapter 9. APAC Market

9.1. Overview
9.2. Market Volume, by Process (2019-2030)
9.3. Market Revenue, by Process (2019-2030)
9.4. Market Volume, by Design (2019-2030)
9.5. Market Revenue, by Design (2019-2030)
9.6. Market Volume, by Material (2019-2030)
9.7. Market Revenue, by Material (2019-2030)
9.8. Market Volume, by Vehicle (2019-2030)
9.9. Market Revenue, by Vehicle (2019-2030)
9.10. Market Volume, by Country (2019-2030)
9.11. Market Revenue, by Country (2019-2030)

Chapter 10. LATAM Market

10.1. Overview
10.2. Market Volume, by Process (2019-2030)
10.3. Market Revenue, by Process (2019-2030)
10.4. Market Volume, by Design (2019-2030)
10.5. Market Revenue, by Design (2019-2030)
10.6. Market Volume, by Material (2019-2030)
10.7. Market Revenue, by Material (2019-2030)
10.8. Market Volume, by Vehicle (2019-2030)
10.9. Market Revenue, by Vehicle (2019-2030)
10.10. Market Volume, by Country (2019-2030)
10.11. Market Revenue, by Country (2019-2030)

Chapter 11. MEA Market

11.1. Overview
11.2. Market Volume, by Process (2019-2030)
11.3. Market Revenue, by Process (2019-2030)
11.4. Market Volume, by Design (2019-2030)
11.5. Market Revenue, by Design (2019-2030)
11.6. Market Volume, by Material (2019-2030)
11.7. Market Revenue, by Material (2019-2030)
11.8. Market Volume, by Vehicle (2019-2030)
11.9. Market Revenue, by Vehicle (2019-2030)
11.10. Market Volume, by Country (2019-2030)
11.11. Market Revenue, by Country (2019-2030)

Chapter 12. U.S. Market

12.1. Overview
12.2. Market Volume, by Process (2019-2030)
12.3. Market Revenue, by Process (2019-2030)
12.4. Market Volume, by Design (2019-2030)
12.5. Market Revenue, by Design (2019-2030)
12.6. Market Volume, by Material (2019-2030)
12.7. Market Revenue, by Material (2019-2030)
12.8. Market Volume, by Vehicle (2019-2030)
12.9. Market Revenue, by Vehicle (2019-2030)

Chapter 13. Canada Market

13.1. Overview
13.2. Market Volume, by Process (2019-2030)
13.3. Market Revenue, by Process (2019-2030)
13.4. Market Volume, by Design (2019-2030)
13.5. Market Revenue, by Design (2019-2030)
13.6. Market Volume, by Material (2019-2030)
13.7. Market Revenue, by Material (2019-2030)
13.8. Market Volume, by Vehicle (2019-2030)
13.9. Market Revenue, by Vehicle (2019-2030)

Chapter 14. Germany Market

14.1. Overview
14.2. Market Volume, by Process (2019-2030)
14.3. Market Revenue, by Process (2019-2030)
14.4. Market Volume, by Design (2019-2030)
14.5. Market Revenue, by Design (2019-2030)
14.6. Market Volume, by Material (2019-2030)
14.7. Market Revenue, by Material (2019-2030)
14.8. Market Volume, by Vehicle (2019-2030)
14.9. Market Revenue, by Vehicle (2019-2030)

Chapter 15. France Market

15.1. Overview
15.2. Market Volume, by Process (2019-2030)
15.3. Market Revenue, by Process (2019-2030)
15.4. Market Volume, by Design (2019-2030)
15.5. Market Revenue, by Design (2019-2030)
15.6. Market Volume, by Material (2019-2030)
15.7. Market Revenue, by Material (2019-2030)
15.8. Market Volume, by Vehicle (2019-2030)
15.9. Market Revenue, by Vehicle (2019-2030)

Chapter 16. U.K. Market

16.1. Overview
16.2. Market Volume, by Process (2019-2030)
16.3. Market Revenue, by Process (2019-2030)
16.4. Market Volume, by Design (2019-2030)
16.5. Market Revenue, by Design (2019-2030)
16.6. Market Volume, by Material (2019-2030)
16.7. Market Revenue, by Material (2019-2030)
16.8. Market Volume, by Vehicle (2019-2030)
16.9. Market Revenue, by Vehicle (2019-2030)

Chapter 17. Italy Market

17.1. Overview
17.2. Market Volume, by Process (2019-2030)
17.3. Market Revenue, by Process (2019-2030)
17.4. Market Volume, by Design (2019-2030)
17.5. Market Revenue, by Design (2019-2030)
17.6. Market Volume, by Material (2019-2030)
17.7. Market Revenue, by Material (2019-2030)
17.8. Market Volume, by Vehicle (2019-2030)
17.9. Market Revenue, by Vehicle (2019-2030)

Chapter 18. Spain Market

18.1. Overview
18.2. Market Volume, by Process (2019-2030)
18.3. Market Revenue, by Process (2019-2030)
18.4. Market Volume, by Design (2019-2030)
18.5. Market Revenue, by Design (2019-2030)
18.6. Market Volume, by Material (2019-2030)
18.7. Market Revenue, by Material (2019-2030)
18.8. Market Volume, by Vehicle (2019-2030)
18.9. Market Revenue, by Vehicle (2019-2030)

Chapter 19. Japan Market

19.1. Overview
19.2. Market Volume, by Process (2019-2030)
19.3. Market Revenue, by Process (2019-2030)
19.4. Market Volume, by Design (2019-2030)
19.5. Market Revenue, by Design (2019-2030)
19.6. Market Volume, by Material (2019-2030)
19.7. Market Revenue, by Material (2019-2030)
19.8. Market Volume, by Vehicle (2019-2030)
19.9. Market Revenue, by Vehicle (2019-2030)

Chapter 20. China Market

20.1. Overview
20.2. Market Volume, by Process (2019-2030)
20.3. Market Revenue, by Process (2019-2030)
20.4. Market Volume, by Design (2019-2030)
20.5. Market Revenue, by Design (2019-2030)
20.6. Market Volume, by Material (2019-2030)
20.7. Market Revenue, by Material (2019-2030)
20.8. Market Volume, by Vehicle (2019-2030)
20.9. Market Revenue, by Vehicle (2019-2030)

Chapter 21. India Market

21.1. Overview
21.2. Market Volume, by Process (2019-2030)
21.3. Market Revenue, by Process (2019-2030)
21.4. Market Volume, by Design (2019-2030)
21.5. Market Revenue, by Design (2019-2030)
21.6. Market Volume, by Material (2019-2030)
21.7. Market Revenue, by Material (2019-2030)
21.8. Market Volume, by Vehicle (2019-2030)
21.9. Market Revenue, by Vehicle (2019-2030)

Chapter 22. Australia Market

22.1. Overview
22.2. Market Volume, by Process (2019-2030)
22.3. Market Revenue, by Process (2019-2030)
22.4. Market Volume, by Design (2019-2030)
22.5. Market Revenue, by Design (2019-2030)
22.6. Market Volume, by Material (2019-2030)
22.7. Market Revenue, by Material (2019-2030)
22.8. Market Volume, by Vehicle (2019-2030)
22.9. Market Revenue, by Vehicle (2019-2030)

Chapter 23. South Korea Market

23.1. Overview
23.2. Market Volume, by Process (2019-2030)
23.3. Market Revenue, by Process (2019-2030)
23.4. Market Volume, by Design (2019-2030)
23.5. Market Revenue, by Design (2019-2030)
23.6. Market Volume, by Material (2019-2030)
23.7. Market Revenue, by Material (2019-2030)
23.8. Market Volume, by Vehicle (2019-2030)
23.9. Market Revenue, by Vehicle (2019-2030)

Chapter 24. Brazil Market

24.1. Overview
24.2. Market Volume, by Process (2019-2030)
24.3. Market Revenue, by Process (2019-2030)
24.4. Market Volume, by Design (2019-2030)
24.5. Market Revenue, by Design (2019-2030)
24.6. Market Volume, by Material (2019-2030)
24.7. Market Revenue, by Material (2019-2030)
24.8. Market Volume, by Vehicle (2019-2030)
24.9. Market Revenue, by Vehicle (2019-2030)

Chapter 25. Mexico Market

25.1. Overview
25.2. Market Volume, by Process (2019-2030)
25.3. Market Revenue, by Process (2019-2030)
25.4. Market Volume, by Design (2019-2030)
25.5. Market Revenue, by Design (2019-2030)
25.6. Market Volume, by Material (2019-2030)
25.7. Market Revenue, by Material (2019-2030)
25.8. Market Volume, by Vehicle (2019-2030)
25.9. Market Revenue, by Vehicle (2019-2030)

Chapter 26. Saudi Arabia Market

26.1. Overview
26.2. Market Volume, by Process (2019-2030)
26.3. Market Revenue, by Process (2019-2030)
26.4. Market Volume, by Design (2019-2030)
26.5. Market Revenue, by Design (2019-2030)
26.6. Market Volume, by Material (2019-2030)
26.7. Market Revenue, by Material (2019-2030)
26.8. Market Volume, by Vehicle (2019-2030)
26.9. Market Revenue, by Vehicle (2019-2030)

Chapter 27. South Africa Market

27.1. Overview
27.2. Market Volume, by Process (2019-2030)
27.3. Market Revenue, by Process (2019-2030)
27.4. Market Volume, by Design (2019-2030)
27.5. Market Revenue, by Design (2019-2030)
27.6. Market Volume, by Material (2019-2030)
27.7. Market Revenue, by Material (2019-2030)
27.8. Market Volume, by Vehicle (2019-2030)
27.9. Market Revenue, by Vehicle (2019-2030)

Chapter 28. U.A.E. Market

28.1. Overview
28.2. Market Volume, by Process (2019-2030)
28.3. Market Revenue, by Process (2019-2030)
28.4. Market Volume, by Design (2019-2030)
28.5. Market Revenue, by Design (2019-2030)
28.6. Market Volume, by Material (2019-2030)
28.7. Market Revenue, by Material (2019-2030)
28.8. Market Volume, by Vehicle (2019-2030)
28.9. Market Revenue, by Vehicle (2019-2030)

Chapter 29. Competitive Landscape

29.1. List of Market Players and their Offerings
29.2. Competitive Benchmarking of Key Players
29.3. Product Benchmarking of Key Players
29.4. Recent Strategic Developments

Chapter 30. Company Profiles

30.1. Compagnie Plastic Omnium SA
- 30.1.1. Business overview
- 30.1.2. Product and service offerings
- 30.1.3. Key financial summary
30.2. Magna International Inc.
- 30.2.1. Business overview
- 30.2.2. Product and service offerings
- 30.2.3. Key financial summary
30.3. Toyota Boshoku Corporation
- 30.3.1. Business overview
- 30.3.2. Product and service offerings
- 30.3.3. Key financial summary
30.4. Tong Yang Group
- 30.4.1. Business overview
- 30.4.2. Product and service offerings
- 30.4.3. Key financial summary
30.5. Montaplast GmbH
- 30.5.1. Business overview
- 30.5.2. Product and service offerings
- 30.5.3. Key financial summary
30.6. Marelli Holdings Co. Ltd.
- 30.6.1. Business overview
- 30.6.2. Product and service offerings
- 30.6.3. Key financial summary
30.7. Samvardhana Motherson International Ltd.
- 30.7.1. Business overview
- 30.7.2. Product and service offerings
- 30.7.3. Key financial summary
30.8. Hyundai Mobis Co. Ltd.
- 30.8.1. Business overview
- 30.8.2. Product and service offerings
- 30.8.3. Key financial summary
30.9. Toyoda Gosei Co. Ltd.
- 30.9.1. Business overview
- 30.9.2. Product and service offerings
- 30.9.3. Key financial summary
30.10. Toray Industries Inc.
- 30.10.1. Business overview
- 30.10.2. Product and service offerings
- 30.10.3. Key financial summary
30.11. Futaba Industrial Co. Ltd.
- 30.11.1. Business overview
- 30.11.2. Product and service offerings
- 30.11.3. Key financial summary

Chapter 31. Appendix

31.1. Abbreviations
31.2. Sources and References
31.3. Related Reports

Automotive OE Bumper Cover Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2024 - 2030)