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Market Overview of Global Automotive Front End Module market:
According to our latest research, the global Automotive Front End Module market looks promising in the next 5 years. As of 2022, the global Automotive Front End Module market was estimated at USD 6783.0 million, and it's anticipated to reach USD 8338.6 million in 2028, with a CAGR of 3.5% during the forecast years.
Automotive front end module is a typically multi-piece assembly of various components such as font lighting, air conditioning condenses, radiator, cooling fan, crumple zone and bumpers among others. This practice of manufacturing the whole front end of a vehicle separately by outsourcing them to outside vendors is known as modular assembly Modular assembly gained its importance for reducing product engineering cost, labor cost, and logistics cost.
Influence of COVID-19 Outbreak on Automotive Front End Module Industry Development
The impact of COVID-19 has greatly affected the manufacturing and industrial outlook. In terms of production and stimulus, the growth momentum of new orders and manufacturing capacity has declined. Strict government policies and regulations of local and national governments restrict the flow of suppliers, production facilities and finished products. For automotive front end module suppliers, this situation has become extremely challenging.
The COVID-19 outbreak has reduced the automotive front end module market. This is due to supply chain issues. Due to the sharp drop in commodity demand, economies have weakened. Due to the pandemic, shortage of raw materials, declining exports and interruption of the supply chain, the output of all sectors has decreased, which is a key factor leading to the reduction of reduction of automotive front end module.
Drivers
The automotive front end module industry is witnessing a major shift in module procurement. The automotive front end module, which is still evolving, has not been fully accepted by original equipment manufacturers. The procurement of automotive front end modules can support automakers by reducing operations on the assembly line, reducing tool costs, reducing vehicle weight, and increasing working capital.
In addition, the modularization of automotive front-end modules has gained huge appeal with the support of increased cost savings. Original equipment manufacturers can save production costs through modularization, and can choose to purchase automotive front-end modules, which can reduce costs by about 20% to 30% compared with traditional methods. This factor has promoted the development of the automotive front end module market.
Region Overview:
From 2023-2028, China is estimated to witness robust growth prospects.
Company Overview:
HBPO Group is one of the major players operating in the Automotive Front End Module market, holding a share of 16.51% in 2021.
HBPO Group focuses on the development and production of front-end modules. The Company offers headlights, radiator grilles, and bumpers, as well as active grille shutters. HBPO Group conducts business worldwide.
Magna International, Inc. is a mobility technology company, which supplies to the automotive industry. It operates through the following segments: Body Exteriors and Structures, Power and Vision, Seating Systems, and Complete Vehicles.
Segmentation Overview:
Among different product types, Metal/Plastic Hybrids segment is anticipated to contribute the largest market share in 2028.
Application Overview:
By application, the SUV segment occupied the biggest share from 2018 to 2022.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Automotive Front End Module market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global Automotive Front End Module Market Report:
Market Size Estimates: Automotive Front End Module market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Automotive Front End Module market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Automotive Front End Module market
Segment Market Analysis: Automotive Front End Module market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Automotive Front End Module market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Automotive Front End Module Market: Revenue and sales volume of major countries in each region
Automotive Front End Module Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Automotive Front End Module market in major regions.
Automotive Front End Module Industry Value Chain: Automotive Front End Module market raw materials & suppliers, manufacturing process, distributors, downstream customers
Automotive Front End Module Industry News, Policies & Regulations
Key players in the global Automotive Front End Module market are covered in Chapter 12:
Magna International
DENSO Thermal Systems SpA
Hyundai Mobis
Valeo
SL Corporation
HBPO Group
In Chapter 2 and Chapter 15.1, based on types, the Automotive Front End Module market from 2018 to 2028 is primarily split into:
Metal/Plastic Hybrids
Composites
Plastic
Steel
Others
In Chapter 3 and Chapter 15.2, based on applications, the Automotive Front End Module market from 2018 to 2028 covers:
Sedan
SUV
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the Automotive Front End Module market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028