Irving, Texas (PRWEB) November 13, 2012
The global automotive bumper industry revenue is forecast to reach an estimated US $24.8 billion in 2017 with a CAGR of 4.6% over the next five years (2012-2017). The growing awareness for greener technology has been the primary driver transforming the automobile industry.
Lucintel, a leading global management consulting and market research firm, has analyzed the global automotive bumper industry and presents its findings in “Global Automotive Bumper Industry 2012-2017: Trend, Profit, and Forecast Analysis.”
The global automotive bumper industry, which is highly consolidated, comprises manufacturers of front and rear bumpers for vehicles. Europe dominates the industry with the largest industry share. The industry is largely dominated by five leading companies: Compagnie Plastic Omnium, Faurecia, Magna International, Futaba Industrial Company, and Toyoda Gosei Company. Continuous modernization and technological expansion, significant investment in research and development efforts, government policies, and safety regulations all affect industry dynamics significantly.
The industry research report is expected to perform well over the next five years, driven by high production of passenger car and commercial vehicles. Europe is forecast to see the highest contribution in global revenue during the next five years (2012-2017) although with a slower growth rate. The major challenge faced by automotive bumper manufacturers is to make vehicles lighter in weight, using a comprehensive approach that utilizes the high-polymer technologies.
This report provides an overview of the global automotive bumper industry and tracks industry performance in four geographic regions. The report studies manufacturers of front and rear bumpers serving this segment, providing annual trend analysis that highlights market size, profit, and cost structure for North America, Europe, Asia Pacific (APAC), and the Rest of the World (ROW) regions. The report also provides a forecast, addressing market opportunities for each of these regions.
For a detailed table of contents and pricing information on this timely, insightful report, contact Lucintel at +1-972-636-5056 or via email at email@example.com. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, insight, and cost efficiency. To learn more, visit http://www.lucintel.com.
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