Travel & Tourism Industry release:
Global automotive front-end module market to grow at a CAGR of 14.93% during the period 2017-2021.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
According to the report, one driver in the market is increasing automobile sales. The global automotive market is experiencing an increasing demand for passenger vehicles, especially from emerging economies such as China, Brazil, and India, because of the significant economic growth and elevated purchasing power of consumers. The growth in emerging markets, along with ongoing industrialization and global trade activity, especially in Brazil, Russia, India, and China (BRIC), have been vigorous. The massive fiscal stimulus packages of China in recent years made it the leader in emerging markets. Over the past few years, China has maintained its position as the world’s largest automotive market.
One trend in the market is growing use of carbon-fiber-reinforced thermoplastics in FEM. The automotive parts made of carbon steel are heavy when compared to other steel combinations. The increasing need for weight reduction and enhanced vehicle performance has brought some changing trend in the materials, which include the use of new materials such as carbon fiber and honeycomb materials.
Further, the report states that one challenge in the market is design changes and frequent facelifts. The passenger vehicle market is facing a heavy competition across the world and OEMs are bringing rapid changes to sustain in the market. The changes involve interior design or value addition for safety and comfort, or it could be exterior aerodynamic changes. There are other methods to improve the efficiency of vehicles. Advanced aerodynamics is the most cost-effective way for improving the fuel efficiency of vehicles. According to the EPA-defined city and highway driving schedule, cutting through the air accounts for 13% of the car fuel consumption and for full-size SUVs it accounts for 22% of the fuel consumption. Therefore, the improvement of vehicle aerodynamics plays an important role in enhancing the fuel efficiency.
- Calsonic Kansei Corporation
- HYUNDAI MOBIS
- Magna International
- Samvardhana Motherson
Other Prominent Vendors
Key Topics Covered:
Part 01: Executive Summary
Part 02: Scope of the Report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market Landscape
Part 06: Market Segmentation by Vehicle Type
Part 07: Geographical Segmentation
Part 08: Key Leading Countries
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Key Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/7gf4n7/global_automotive?w=5
Research and Markets
Laura Wood, Senior Manager
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SOURCE Research and Markets
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