Automotive Front End Module Market Expected to Growth Rate of 5.18% CAGR

Pune, India, January 20, 2017 /MRFR Press Release/- Market research future published a raw research report on Automotive front end module Market. The global Automotive front end module market is expected to grow at a CAGR of about 5.18% during the forecast period, 2024 to 2032.

Market Highlights

Automotive front end module are multipiece assemblies that integrate the large number of parts such as forward light, radiator and cooling fans, bumpers, air conditioning condensers, and others. Rising demand for reduction in weight for vehicles and increasing demand for technically advanced light weight front end modules are expected to surge the demand for the automotive front end module. As the structure of the modular FEM can be standardized which allows common design to be used in multiple models hence leads to cost saving. Also, FEMs can be installed late in the assembly sequence which saves time and cost during the manufacturing process of the vehicle. As per trend, light weight composites FEM such as polypropylene are used in the vehicles to increase the fuel efficiency and performance of the vehicle which in turn expected to contribute in the growth of the automotive front end module market. The global automotive front end module market is expected to show a growth at CAGR of about 5.18% from 2024 to 2032.

Asia-Pacific is the major regions for the automotive front end module market. Asia-Pacific is expected to show significant growth in automotive front end module market. Emerging economies like China, India, are expected to drive the market due to increasing demand for vehicles, increasing middle class disposable income & purchasing power is expected to drive the market for automotive front end module. European region is expected to witness the moderate demand because of the market maturity.

Browse In-depth Detailed Research Report [Table of Content, List of Figures, List of Tables] of Automotive front end module Market Trends

Scope of the report

This study provides an overview of the Automotive front end module industry, tracking market segments across the categorized five geographic regions. The report provides a five-year forecast for the market size in terms of value for North America, Europe, Asia-Pacific, Middle East & Africa, and South America. The scope of the study segments the Automotive front end module market based on Type, Application and Vehicles

Key Players

The leading players in the Automotive front end module market are Mahle GmbH, Faurecia SA, Denso Corporation, Calsonic Kansei Corporation, Hbpo Group, Magna International Inc., Hyundai Mobis, Plastic Omnium, SL Corporation, and Valeo S.A.

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