Plastic Bumpers Market Projected to Grow to $20.0 Billion by 2033, Expanding at a CAGR of 5.3%

WILMINGTON, NEW CASTLE, DE, UNITED STATES, December 11, 2024 /EINPresswire.com/ -- Allied Market Research published a report, titled, "Plastic Bumpers Market Size, Share, Competitive Landscape and Trend Analysis Report, by Type, by Application : Global Opportunity Analysis and Industry Forecast, 2024-2033." The global plastic bumpers market size was valued at $12.2 billion in 2023, and is projected to reach $20.0 billion by 2033, growing at a CAGR of 5.3% from 2024 to 2033.

𝐆𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 : https://www.alliedmarketresearch.com/request-sample/A42537

𝐑𝐞𝐩𝐨𝐫𝐭 𝐑𝐞𝐯𝐢𝐞𝐰 :

The plastic bumpers market plays a crucial role in the automotive industry, driven by advancements in vehicle design and material technology. Plastic bumpers, typically made from materials like polypropylene, polyurethane, and thermoplastic elastomers, offer several advantages over traditional metal bumpers, including lighter weight, improved impact resistance, and design flexibility. The increasing adoption of plastic bumpers is largely fueled by the automotive industry's push towards fuel efficiency and reduced emissions, as lighter components contribute to overall vehicle weight reduction and better fuel economy.

𝐊𝐞𝐲 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭 :

In August 2023, Ultra-Poly partnered with Autoneum North America Inc., a provider of thermal and acoustic management solutions for vehicles, to introduce a groundbreaking bumper recycling process. This new program involves transforming damaged auto bumpers into pellets, which can then be used to extrude or mold new parts.

𝐁𝐲 𝐓𝐲𝐩𝐞

The front bumper segment held the highest market share in 2023

By type, the front bumper segment held the highest market share in 2023, owing to its vulnerability to collisions, necessitating frequent replacements. Additionally, front bumpers are a prominent design feature, driving demand for customization. Stringent safety regulations mandating impact-absorbing materials further contribute to the segment's dominance in the plastic bumpers market.

𝐁𝐲 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧

The passenger vehicles segment held the highest market share in 2023.

By application, the passenger vehicles segment held the highest market share in 2023, due to their sheer volume in global automotive sales. As individual and family transportation solutions, passenger vehicles necessitate frequent replacements and repairs, boosting demand for plastic bumpers. Moreover, stringent safety regulations mandate impact-absorbing materials, further driving the adoption of plastic bumpers in this segment to ensure occupant safety.

𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰 : https://www.alliedmarketresearch.com/plastic-bumpers-market/purchase-options

𝐁𝐲 𝐑𝐞𝐠𝐢𝐨𝐧

Asia-Pacific held the highest market share in terms of revenue in 2023.

By region, Asia-Pacific held the highest market share in terms of revenue in 2022, owing to a thriving automotive industry, driven by rapid urbanization has led to increased demand for personal transportation, while a growing middle-class population with rising disposable incomes has further fueled vehicle ownership. In addition, manufacturers in Asia-Pacific benefit from lower production costs and favorable government policies, enhancing their competitiveness in the global market. Moreover, rising demand for lightweight materials and stringent safety regulations further fuel the demand for plastic bumpers in the region.

𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 :

Plastic Omnium
Magna International Inc.
Samvardhana Motherson Group (SMG)
Faurecia
Flex-N-Gate Corporation
Tong Yang Group
Futaba Industrial Co., Ltd.
KIRCHHOFF Automotive
Toyoda Gosei Co., Ltd.

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 : https://www.alliedmarketresearch.com/purchase-enquiry/A42537

The report provides a detailed analysis of these key players of the global plastic bumpers market. These players have adopted different strategies such as product launch, acquisition, partnership, investment, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.

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𝐀𝐛𝐨𝐮𝐭 𝐮𝐬 :

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

David Correa
Allied Market Research
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