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Automotive Front-end Module Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2021-2025

Automotive Front-end Module Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2021-2025

Published: May 2021 120 Pages SKU: IRTNTR44631

Market Overview at a Glance

$29.37 B
Market Opportunity
7.64%
CAGR
YoY growth 2020-2021(%)

The automotive front-end module market share is expected to increase by USD 29.37 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 8%.

This automotive front-end module market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers automotive front-end module market segmentation by application (passenger cars and commercial vehicles) and geography (APAC, Europe, North America, South America, and MEA). The automotive front-end module market report also offers information on several market vendors, including COMPAGNIE PLASTIC OMNIUM SE, DENSO Corp., FLEX-N-GATE Corp., Hyundai Mobis Co. Ltd., LINDE + WIEMANN SE & Co. KG, Magna International Inc., Marelli Holdings Co. Ltd., Montaplast GmbH, Motherson Sumi Systems Ltd., and SL Corp. among others.

What will the Automotive Front-end Module Market Size be During the Forecast Period?

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Automotive Front-end Module Market: Key Drivers, Trends, and Challenges

The increasing government support to promote EVs is notably driving the automotive front-end module market growth, although factors such as sharp decline in automobile production and sales may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the automotive front-end module industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Automotive Front-end Module Market Driver

One of the key factors driving the global automotive front-end module industry growth is the increasing government support to promote EVs. For instance, in February 2019, the Indian government announced the second phase of the Faster Adoption and Manufacturing of (Hybrid and) Electric Vehicles in India (FAME India) scheme and doubled the budget allocated for this phase. The aim of this scheme is to reduce the purchase price of hybrid and EVs, with a focus on vehicles used for public or shared transportation (buses, rickshaws, and taxis) and private two-wheelers. Similarly, in the US, consumers get a tax credit for purchasing EVs under the federal Internal Revenue Service (IRS) tax credit. As per the guidelines mentioned by the government, BEVs and PHEVs purchased in or after 2010 may be eligible for the US federal income tax credit of up to USD 7,500. Such factors are expected to positively impact the global automotive FEM market during the forecast period.

Key Automotive Front-end Module Market Trend

Increasing cost pressure faced by OEMs is one of the key automotive front-end module market trends that is expected to impact the industry positively in the forecast period. The factors responsible for high-cost pressures faced by OEMs included stringent emission norms, massive investments in R&D, market competition, and evolving customer demands. OEMs must bear the increase in vehicle costs because of the competitive market and cannot pass such costs to the end consumers. As they need to limit the production cost to fulfill the demand side necessities and provide high-quality products simultaneously, they remain liable for any such product failures or recalls, which can impact the bottom line. The manufacturers catering to the automotive industry are exploring various ways to restrict the production costs and maintain the quality standards simultaneously, which will support the market growth.

Key Automotive Front-end Module Market Challenge

One of the key challenges to the global automotive front-end module industry growth is the sharp decline in automobile production and sales. For instance, the sales of light vehicles in the US dropped by about 3.1% from January to March 2019 compared with the same period in the previous year. Automotive production in Germany, UK, and China, among other countries, has been declining since 2017. China registered a decline of about 12.4% in automotive sales during the first half of 2019. Automotive production in other major automotive manufacturing countries, such as India, Japan, and the US, registered growth during 2017-2018. Moreover, the automotive industry witnessed a slow growth in 2020, owing to the global COVID-19 outbreak. Such factors may limit the market growth in the coming years.

This automotive front-end module market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global automotive front-end module (FEM) market as a part of the global automotive components and accessories market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the automotive front-end module market during the forecast period.

Who are the Major Automotive Front-end Module Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • COMPAGNIE PLASTIC OMNIUM SE
  • DENSO Corp.
  • FLEX-N-GATE Corp.
  • Hyundai Mobis Co. Ltd.
  • LINDE + WIEMANN SE & Co. KG
  • Magna International Inc.
  • Marelli Holdings Co. Ltd.
  • Montaplast GmbH
  • Motherson Sumi Systems Ltd.
  • SL Corp.

 

This statistical study of the automotive front-end module market encompasses successful business strategies deployed by the key vendors. The automotive front-end module market is concentrated and the vendors are deploying growth strategies such as technological innovations to compete in the market.

Product Insights and News

  • FLEX-N-GATE Corp. - The company offers components like forwarding lighting, radiators and cooling fans, grille-opening reinforcement panels, energy absorbers, air vent systems, bumpers with decorative fascia, hood latches, plus electronics and wiring.
  • FLEX-N-GATE Corp. - The unified segment includes front end module, plastic components, and metal bumpers.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The automotive front-end module market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Automotive Front-end Module Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the automotive front-end module market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the global automotive components and accessories market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Distribution and logistics
  • Marketing and sales
  • Service
  • Innovation

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

 

Which are the Key Regions for Automotive Front-end Module Market?

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59% of the market’s growth will originate from APAC during the forecast period. China, Japan, and South Korea (Republic of Korea) are the key markets for automotive front-end modules in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The presence of leading automobile manufacturers such as GM, Ford Motor, Volkswagen, and Chrysler will facilitate the automotive front-end module market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Application Segments in the Automotive Front-end Module Market?

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The automotive front-end module market share growth by the passenger cars segment will be significant during the forecast period. Increasing demand for safety and comfort features in passenger cars and the strong focus of OEMs on product differentiation drive the global automotive front-end module market.

This report provides an accurate prediction of the contribution of all the segments to the growth of the automotive front-end module market size and actionable market insights on post COVID-19 impact on each segment.

 

Automotive Front-end Module Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 8%

Market growth 2021-2025

$ 29.37 billion

Market structure

Concentrated

YoY growth (%)

3.56

Regional analysis

APAC, Europe, North America, South America, and MEA

Performing market contribution

APAC at 59%

Key consumer countries

China, US, Germany, Japan, and South Korea (Republic of Korea)

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

COMPAGNIE PLASTIC OMNIUM SE, DENSO Corp., FLEX-N-GATE Corp., Hyundai Mobis Co. Ltd., LINDE + WIEMANN SE & Co. KG, Magna International Inc., Marelli Holdings Co. Ltd., Montaplast GmbH, Motherson Sumi Systems Ltd., and SL Corp.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Automotive Front-end Module Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive automotive front-end module market growth during the next five years
  • Precise estimation of the automotive front-end module market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the automotive front-end module industry across APAC, Europe, North America, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of automotive front-end module market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Table of Contents not available.

Research Methodology

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases

DATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts

REPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape

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Frequently Asked Questions

Automotive Front-end Module market growth will increase by $ 29.37 billion during 2021-2025.

The Automotive Front-end Module market is expected to grow at a CAGR of 7.64% during 2021-2025.

Automotive Front-end Module market is segmented by Application( passenger cars, commercial vehicles) Geographic( APAC, Europe, North America, South America, MEA)

COMPAGNIE PLASTIC OMNIUM SE, DENSO Corp., FLEX-N-GATE Corp., Hyundai Mobis Co. Ltd., LINDE + WIEMANN SE & Co. KG, Magna International Inc., Marelli Holdings Co. Ltd., Montaplast GmbH, Motherson Sumi Systems Ltd., SL Corp. are a few of the key vendors in the Automotive Front-end Module market.

APAC will register the highest growth rate of 59% among the other regions. Therefore, the Automotive Front-end Module market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.

China, US, Germany, Japan, South Korea (Republic of Korea)

  • Increasing government support to promote EVsElectric vehicles are one of the major adopters of modularized front-end for passenger cars with active grille shutters. Therefore is the driving factor this market.
  • the increasing government support to promote EVs is positively impacting the global automotive FEM market. Oil dependency is the driving factor this market.
  • climate change is the driving factor this market.
  • and clean air are the most crucial factors for governments across the world to promote EVs among consumers. The governments are offering monetary benefits to consumers to drive the adoption of EVs. The following are some of the incentives and benefits provided by various regional governments to support the adoption of EVs:In February 2019 is the driving factor this market.
  • the Indian government announced the second phase of the Faster Adoption and Manufacturing of (Hybrid and) Electric Vehicles in India (FAME India) scheme and doubled the budget allocated for this phase. The aim of this scheme is to reduce the purchase price of hybrid and EVs is the driving factor this market.
  • with a focus on vehicles used for public or shared transportation (buses is the driving factor this market.
  • rickshaws is the driving factor this market.
  • and taxis) and private two-wheelers.In 2019 is the driving factor this market.
  • China announced the adjustment to its decade-long central subsidy program for the new energy vehicles (NEVs). The policy developments also include the restriction of investment in new ICE vehicle manufacturing plants. The Chinese Government stipulated the use of differentiated incentives for vehicles based on their battery characteristics such as zero-emission vehicles is the driving factor this market.
  • credits is the driving factor this market.
  • and subsidies under the NEV mandate.Similarly is the driving factor this market.
  • in the US is the driving factor this market.
  • consumers get a tax credit for purchasing EVs under the federal Internal Revenue Service (IRS) tax credit. As per the guidelines mentioned by the government is the driving factor this market.
  • BEVs and PHEVs purchased in or after 2010 may be eligible for the US federal income tax credit of up to $7 is the driving factor this market.
  • 500.In Norway is the driving factor this market.
  • EVs are exempted from paying acquisition tax and the 25% value-added tax. The government has also given privileged status to EVs on the road is the driving factor this market.
  • with exemptions from tolls is the driving factor this market.
  • free ferry rides is the driving factor this market.
  • and free parking in some cities. In addition is the driving factor this market.
  • a number of countries have different vehicle taxes based on the tailpipe GHG emissions per kilometer. Some countries offer purchase incentives based on the performance of vehicles is the driving factor this market.
  • which is in favor of EVs. Hence is the driving factor this market.
  • the increase in financial support and recognition from governments is expected to drive the demand for EVs during the forecast period. Such factors are expected to positively impact the global automotive FEM market during the forecast period. is the driving factor this market.

The Automotive Front-end Module market vendors should focus on grabbing business opportunities from the passenger cars segment as it accounted for the largest market share in the base year.