Automotive Front-End Module Market

 

Automotive Front-End Module Market to Grow on Account of High demand for Consumer-centric Products: Fortune Business Insights™

Front End Module Market | 2021 Automotive Industry Global Analysis By Covid-19 Impact On, Size, Trends, Growth, Share, Business, Key Players, Merger, Statistics, Competitive Landscape, And Regional Forecast To 2026 is latest study published by Fortune Business Insights.The Global Front End Module Market expected to rise at a notable CAGR and reach USD remarkable a valuation of by 2028.Automotive Front End Module Market Size, Share & Industry Analysis, By Component Type (HeadlightFront Grill, Radiator, Condenser, Horn Assembly, Oil Cooler, Others), By Material Type (Steel, Plastic, Hybrid, Aluminum, Composites), By Vehicle Type (Passenger Cars, Commercial Vehicles) and Regional Forecast, 2021-2028

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Major Front-End Module Market Studied In Report:

• SMRPBV
• Calsonic Kansei Corporation
• Continental AG.
• DENSO CORPORATION
• AGS Automotive Systems
• Plastic Omnium
• Applus+
• HYUNDAI MOBIS
• Gestamp
• Valeo
• Hanon Systems
• CHASSIX
• MAHLE GmbH
• Montaplast GmbH
• Magna International Inc.
• Arkal Automotive
• SL Corporation
• Faurecia
• Other players

Global Front End Module Market Highlights:

Automotive front-end modules or FEMs are assemblies available in multi-piece form used for amalgamating a large number of components such as cooling fans, ACCs, condensers, washer bottles, and radiators. With the rapid adoption of advanced technology in every aspect, there is a rise in demand for lightweight vehicles from the automotive industry. The global automotive front-end modules market is anticipated to witness progressive growth on account of the increasing demand for heavy-duty and light passenger vehicles worldwide. Fortune Business Insights™ in their report titled, “Automotive Front End Module Market Size, Share & Industry Analysis, By Component Type (Headlight Front Grill, Radiator, Condenser, Horn Assembly, Oil Cooler, Others), By Material Type (Steel, Plastic, Hybrid, Aluminum, Composites), By Vehicle Type (Passenger Cars, Commercial Vehicles) and Regional Forecast, 2019-2026” discusses the major growth trajectories of the market in details.

Apart from that, the stringent regulations imposed on the environment to control the level of pollution is anticipated to help increase the overall automotive front end module market size. The rise in the production of vehicles is also a significant factor aiding in the expansion of the market.

Moreover, the rise in disposable incomes of people and the surging popularity of electric vehicles is likely to help the market gain momentum in the forecast period. Furthermore, there is a high demand for consumer-centric products due to the adaptation of digitalization and this will further help to attract high automotive front end module market revenue in the forecast duration.

dynamics associated with growth drivers, trends, and obstacles.

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Regional Analysis:

On the contrary, the increasing prevalence of counterfeit front-end modules in the market is likely to hamper the overall automotive front end module market growth. Adding to that, the fluctuating prices of raw materials may also pose a major challenge and hamper the overall automotive front end module market size in the forecast duration.

Nevertheless, the promotion of green norms by various governments and a gradual shift towards digital lifestyle, demanding lightweight vehicles is anticipated to create lucrative automotive front end module market growth opportunities in the foreseeable future.

From a geographical perspective, the market is widespread into the regions of Asia Pacific, Europe, North America, and the Rest of the World. Among these, Asia Pacific is prognosticated to hold a significant automotive front end module market share on account of the presence of major manufacturers in nations such as Japan, China, South Korea, and India. Besides this, the increasing population and the rapid change in government regulations concerning safe and advanced transportation are expected to promote the growth of the market in the future. On the other hand, the European market is likely to witness steady growth on account of surging demand for luxury vehicles.

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