Bumper Beam Market

• The rising awareness for safety among vehicle owners is driving the market growth

Over the course of the analysis period, factors like increasing consumer awareness of safety issues and manufacturers' increased use of cutting-edge materials are anticipated to fuel market expansion. The rising demand for lightweight materials is one of the key drivers anticipated to accelerate market expansion. These components lighten vehicles and increase fuel economy. 

Aluminum, magnesium, and carbon fiber-reinforced polymer (CFRP) bumper beams can provide a significant weight reduction while preserving structural strength and rigidity. Consequently, the market is anticipated to expand as automakers work to lighten their vehicles in order to comply with regulations and consumer demand for fuel-efficient automobiles.

Additionally, the growing emphasis on safety and crashworthiness in the automotive sector is a significant factor in the market. A bumper beam is a crucial part of a car's safety system since it softens the blow of a collision and safeguards the people inside. The market is anticipated to expand in response to rising demand for automobiles that are safer and more crash-proof, particularly in developing economies where safety norms are still in their infancy. A growing number of advanced driver assistance systems (ADAS) are being adopted, which is another element driving the industry.

In order to identify objects and other vehicles on the road, ADAS systems like automatic emergency braking (AEB) and lane departure warning (LDW) rely on sensors and cameras positioned in the Beam Bumper. As manufacturers add more ADAS capabilities to their vehicles to increase driver safety and convenience, the market is expected to grow.

Automotive Bumper Beam is anticipated to grow as a result of the increased demand for electric vehicles (EVs). Due to their distinct collision criteria and weight distribution from conventional internal combustion engine (ICE) vehicles, EVs often require a different kind of beam bumper. Therefore, as manufacturers engage in creating bumper beams that are optimized for EVs to fulfill the specific safety criteria of these vehicles, the market is anticipated to expand.

Another important element that is predicted to accelerate market expansion in the next years is the rising car manufacturing in developing nations. Demand for autos is anticipated to rise dramatically as developing nations continue to develop and their middle classes grow. As automakers increase their production capacity in these areas to meet increased demand, the market growth is anticipated to accelerate, driving the demand for beam bumper. Sales and profitability in the global automotive industry have increased significantly in developing countries. 

It is anticipated that automotive application fields like bumpers will modernize how complex automotive procedures are maneuvered. In both North America and Europe, there has been a rising emphasis on regulatory standards. Most nations outside of North America now adhere to international safety requirements, which were initially developed as European standards with help from the UN. Beginning in 2016, automobiles must now average 34.1 miles per gallon due to U.S. CAFE rules. Thus, driving the Vehicles Bumper Beam Market revenue.

The Global Bumper Beam Market Industry is experiencing growth driven by the rising production of automobiles. In 2024, the market is projected to reach 1.63 USD Billion, reflecting the increasing demand for vehicles across various regions. This surge is attributed to factors such as urbanization, rising disposable incomes, and a growing preference for personal vehicles. As automotive manufacturers strive to enhance vehicle safety and aesthetics, the integration of advanced bumper beam technologies becomes essential. This trend is likely to continue, with projections indicating a market expansion to 2.49 USD Billion by 2035, suggesting a robust growth trajectory.

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North America Bumper Beam Market dominated this market in 2022 (45.80%). Through marketing efforts and branding, a number of well-known vendors are promoting the usage of cutting-edge materials in product manufacturing, which is predicted to increase demand for beam bumper throughout the course of the forecast period. Further, the U.S. Bumper Beam market held the largest market share, and the Canada Bumper Beam market was the fastest growing market in the North America region.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil. 

Figure 2: Bumper Beam Market Share By Region 2022 (Usd Billion)

Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

Europe Bumper Beam market accounted for the healthy market share in 2022. The main force behind Europe's creativity and expertise in this field is anticipated to be a comparatively high number of skilled workers, as evidenced by their largest foreign investment in R&D. The European Commission intends to strengthen internal market laws in order to further support this sector. The major companies in the European market include Valeo, GKN, and Delphi Automotive. Further, the German Bumper Beam market held the largest market share, and the U.K Vehicles Bumper Beam Market was the fastest growing market in the European region

The Asia Pacific Bumper Beam market is expected to register significant growth from 2023 to 2032. To remain competitive in the industry, the major regional competitors, including Plastic Omnium, Magna International Inc., Hyundai Mobis, and others, have formed alliances with effective retailers and distributors. Moreover, China’s Vehicles Bumper Beam Market held the largest market share, and the Indian Bumper Beam market was the fastest growing market in the Asia-Pacific region.

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Bumper Beam market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Beam Bumper industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Bumper Beam industry to benefit clients and increase the market sector. In recent years, the Bumper Beam industry has offered some of the most significant advantages to medicine.

Major players in the Rear Beam Bumper market, including Thyssenkrupp, Magna International, Benteler Deutschland, Plastic Omnium, HUTCHINSON, CIE Automotive, Futaba Industrial, Sungwoo Hitech, UNIPRES Aisin Takaoka, Tower International, Lingyun Industrial, Minth Group, Yachiyo Industry, Shanghai Jiaoyun Group, Tata AutoComp Systems, and LEAD, are attempting to increase market demand by investing in research and development operations.

On the basis of industry-standard goods and parts, Novotek AB provides industrial-IT and automation solutions. The energy, food, pharmaceutical, petrochemical, metal, manufacturing, paper and mass, infrastructure, water and drainage, and building automation industries all employ the company's products. Process optimization, energy tracking, industrial data provider, production planning, version control, Kepware OPC communication platform, cyber security for production and process networks, and other features are all part of its package. Novitec introduced a carbon fiber body package for the Ferrari 458 Speciale in April 2022.

The body kits comprise a trunk-lid side panel (set) with double-fins, an Air-intake louver side window, a cover for taillights, a front spoiler lip, flaps for the front air guide, and others.

German high-performance car aftermarket tuning specialist Brabus GmbH was established in Bottrop (Ruhr region) in 1977. Brabus specializes in Mercedes-Benz, Maybach, and Smart automobiles, while they have since 2022 tuned two other types as well. The main goal of Brabus is to improve horsepower and speed in order to maximize automotive performance. Customers have the option of purchasing cars from Brabus or sending in their own vehicles for customization and/or overhaul. When a customer orders an automobile, Brabus directly buys a specific model from Mercedes and modifies it in accordance with the customer's specifications.

Brabus is renowned for its pricey tuning services. Brabus also provides aesthetic upgrades like body kits, splitters made of carbon fiber, and multi-piece alloy wheels. 

Other improvements include twelve-piston disc brakes, open racing exhaust systems, racing LSDs, and engine remapping. Additionally, customers can have new AMG crate engines customized for them or have completely overhauled engines built for them. Another super truck built by Brabus in September 2022 was based on the Mercedes-Benz AMG G63 SUV. The P 900 Rocket Edition has a pickup bed in back and a wheelbase that is 19.7 inches longer. New bumpers, a transparent hood, a substantial carbon fiber body kit, and rocket-red aluminum accents are added to the vehicle's bodywork.