Product Code: ETC063103 | Publication Date: Aug 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
India Automotive Bumpers Market registered a growth of 28.97% in value shipments in 2022 as compared to 2021 and a decrease of -2.03% CAGR in 2022 over a period of 2017. In Automotive Bumpers Market India is becoming less competitive as HHI index in 2022 was 1843 while in 2017 it was 1598. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market. India has reportedly relied more on domestic production to meet its growing demand in Automotive Bumpers Market.
India is unable to meet its increasing needs of this product with domestic production hence we see the trend is shifting towards import shipment to meet its demand The import factor of Automotive Bumpers Market in 2022 was 0.49 while in 2017 it was 0.36. Germany, China, USA, Singapore and Rep. of Korea were among the top players of the market in 2022, where Germany acquired the largest market share of 34.98% with a shipment value of 23.78 million USD in 2022 Germany also offered the product above the average market price, but remained at the leadership position indicating the trust it holds in the Automotive Bumpers Market. In 2017 Germany had the largest market share of 31.72% with the shipment value of 18.91 million USD. The country was offering its product with an average price which is higher than the average market price offered in the country. Although Germany offers its product above the market average price, it remained at the leadership position indicating the brand value it holds in the India Automotive Bumpers Market in 2017.
Automotive bumpers are metal or plastic bars that are attached to the front and rear of a vehicle. They are designed to protect the bodywork from damage by absorbing impact from collisions, as well as providing additional protection for passengers in low-speed impacts. The Indian automotive bumper market is expected to exhibit strong growth during the forecast period (2021-2027). Factors such as increasing government initiatives, focus on safety regulations, and rising disposable income will drive market growth in India. In addition, technological advancements and product innovation are creating lucrative opportunities for industry participants.
Increasing demand for passenger vehicles - Passenger vehicles sales have increased significantly over the past few years due to economic development and urbanization trends in India. This has resulted in an increased demand for automotive components including bumpers. The Government of India has implemented several programs aimed at boosting automobile production and exports which have resulted in an increase in industrial activity related to automobiles across manufacturing hubs like Gujarat and Maharashtra leading to increased investments into parts production including auto bumpers. Strict safety regulations laid down by regulatory bodies like ARAI (Automotive Research Association Of India) concerning frontal crash tests have been driving up demand for safer vehicles with advanced protective features like airbags & crumple zones resulting in greater adoption of high quality aftermarket auto bumpers amongst OEMs & consumers alike leading to higher demand for premium variants especially those compliant with global standards such as EURO NCAP.
High cost associated with installation– Automotive bumpers can be expensive depending upon their type, design complexity , material composition etc., making it difficult for smaller companies/individuals/ buyers who wish install them themselves without professional help .Additionally they require periodic maintenance & replacement every 3-4 years which can add up considerable costs over time further hurting customer wallets thereby restricting overall uptake.
Emergence of lightweight materials – Advancements made within material science has enabled incorporation of new age materials such as composites , fiberglass etc into chassis construction resulting lighter frames better suited towards improving fuel efficiency & overall performance whilst still maintaining compliance across various crash test norms set forth by international agencies thus allowing better maneuverability coupled with superior protection than ever before. Growing popularity of luxury car segment – Winning hearts worldwide ,luxury cars represent pinnacle regarding craft.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Automotive Bumpers Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Automotive Bumpers Market Revenues & Volume, 2020 & 2027F |
3.3 India Automotive Bumpers Market - Industry Life Cycle |
3.4 India Automotive Bumpers Market - Porter's Five Forces |
3.5 India Automotive Bumpers Market Revenues & Volume Share, By Product Type, 2020 & 2027F |
3.6 India Automotive Bumpers Market Revenues & Volume Share, By Raw Material, 2020 & 2027F |
3.7 India Automotive Bumpers Market Revenues & Volume Share, By Vehicle Type, 2020 & 2027F |
3.8 India Automotive Bumpers Market Revenues & Volume Share, By Sales Channel, 2020 & 2027F |
4 India Automotive Bumpers Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Automotive Bumpers Market Trends |
6 India Automotive Bumpers Market, By Types |
6.1 India Automotive Bumpers Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 India Automotive Bumpers Market Revenues & Volume, By Product Type, 2018 - 2027F |
6.1.3 India Automotive Bumpers Market Revenues & Volume, By Regular/Standard, 2018 - 2027F |
6.1.4 India Automotive Bumpers Market Revenues & Volume, By Deep Drop Bumpers, 2018 - 2027F |
6.1.5 India Automotive Bumpers Market Revenues & Volume, By Roll Pan Bumpers, 2018 - 2027F |
6.1.6 India Automotive Bumpers Market Revenues & Volume, By Step Bumper, 2018 - 2027F |
6.1.7 India Automotive Bumpers Market Revenues & Volume, By Tube Bumper, 2018 - 2027F |
6.2 India Automotive Bumpers Market, By Raw Material |
6.2.1 Overview and Analysis |
6.2.2 India Automotive Bumpers Market Revenues & Volume, By Plastic, 2018 - 2027F |
6.2.3 India Automotive Bumpers Market Revenues & Volume, By Aluminium, 2018 - 2027F |
6.2.4 India Automotive Bumpers Market Revenues & Volume, By Others, 2018 - 2027F |
6.3 India Automotive Bumpers Market, By Vehicle Type |
6.3.1 Overview and Analysis |
6.3.2 India Automotive Bumpers Market Revenues & Volume, By Compact, 2018 - 2027F |
6.3.3 India Automotive Bumpers Market Revenues & Volume, By Mid-Sized, 2018 - 2027F |
6.3.4 India Automotive Bumpers Market Revenues & Volume, By Premium, 2018 - 2027F |
6.3.5 India Automotive Bumpers Market Revenues & Volume, By Luxury, 2018 - 2027F |
6.3.6 India Automotive Bumpers Market Revenues & Volume, By Commercial, 2018 - 2027F |
6.3.7 India Automotive Bumpers Market Revenues & Volume, By Heavy Commercial, 2018 - 2027F |
6.4 India Automotive Bumpers Market, By Sales Channel |
6.4.1 Overview and Analysis |
6.4.2 India Automotive Bumpers Market Revenues & Volume, By OEM, 2018 - 2027F |
6.4.3 India Automotive Bumpers Market Revenues & Volume, By Aftermarket, 2018 - 2027F |
7 India Automotive Bumpers Market Import-Export Trade Statistics |
7.1 India Automotive Bumpers Market Export to Major Countries |
7.2 India Automotive Bumpers Market Imports from Major Countries |
8 India Automotive Bumpers Market Key Performance Indicators |
9 India Automotive Bumpers Market - Opportunity Assessment |
9.1 India Automotive Bumpers Market Opportunity Assessment, By Product Type, 2020 & 2027F |
9.2 India Automotive Bumpers Market Opportunity Assessment, By Raw Material, 2020 & 2027F |
9.3 India Automotive Bumpers Market Opportunity Assessment, By Vehicle Type, 2020 & 2027F |
9.4 India Automotive Bumpers Market Opportunity Assessment, By Sales Channel, 2020 & 2027F |
10 India Automotive Bumpers Market - Competitive Landscape |
10.1 India Automotive Bumpers Market Revenue Share, By Companies, 2020 |
10.2 India Automotive Bumpers Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |