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The front-end module is a vital part of the vehicle. It combines a large number of components like radiators, forward lighting, air conditioning condensers, cooling fans, crumple zones, grille-opening reinforcement, hood latches wiring, and provides structural stability to the vehicle and act as a mounting structure for these components. At the time of a collision, front-end modules act as crash structures. This crash structure is integrated with crash ends to absorb and collapse at the time of the collision to prevent the impact of transferring the passenger compartment. Increasing demand for lightweight vehicles has forced automobile companies to manufacture plastic front-end modules, which in turn helps to save fuel and improve vehicle performance.
Key Market Driver -
Increasing vehicle demand and production is expected to drive the market growth
Key Market Restraint -
Prevalence of counterfeit front-end modules in the market is expected to act as a restraint to the market growth
The automotive front-end module market for automotive is expected to grow owing to increasing vehicle production. Technological advancements offered automobile manufactures to implement a hybrid structure of metal and plastic to achieve structure safety with a reduction in weight. Front End Module has various components like headlight, front grill, radiator, condenser, horn assembly, oil cooler, and others. The headlight is the most vital component of a vehicle that is attached to the front side of all vehicles to illuminate the roads. The front grill acts as a safety component in vehicles; it helps to protect an engine and radiator. It is set up to allow the flow of air in and out to keep help heat exchange from the engine. Radiators are used to transfer heat from the coolant with the help of a fan; it acts as a heat exchanger.
Some of the major companies that are present in the automotive front end module market include DENSO CORPORATION, MAHLE GmbH, Faurecia, Calsonic Kansei Corporation, Magna International Inc., HYUNDAI MOBIS, Plastic Omnium, SMRPBV, SL Corporation, Valeo, Montaplast GmbH, Hanon Systems, Applus+, Arkal Automotive, CHASSIX, Gestamp, AGS Automotive Systems, and Continental AG. among the other players.
The global automotive tire market has been segmented into component type, material type, vehicle type, and region. By Material type, the global market is segmented into steel, plastic hybrid, aluminum, and composites. The composites segment is expected to hold the largest market share during the forecast period. Owing to high strength-to-weight ratio, lightweight, and resistance to chemicals and corrosion. The composite segment is also expected to show significant growth. Increasing the use of composites in high-end luxury cars is also expected to contribute to the market growth of this category in the coming years. The vehicle type market has been segmented into passenger cars and commercial vehicles. The passenger car segment is expected to hold the largest market share, followed by light commercial vehicles. The rising production of passenger cars is expected to offer the opportunity for the automotive front-end module. Many EV manufacturers are outsourcing their front end modules to reduce operating costs and increase profits.
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Geographically, the front end module market is segmented into North America, Europe, Asia Pacific, and the rest of the World. Asia Pacific is expected to show a significant rise in market owing to the presence of major manufacturers in countries like Japan, India, China, and South Korea. Increasing lifestyle and rapid changes in rules and regulations make transportation more advanced and safer, coupled with rising population are expected to create more opportunities in the automotive front end module. China is expected to dominate the market owing to huge production of automobiles and government regulations to support vehicles with high efficiency and low emission. Europe is anticipated to have steady growth in the market owing to the rising demand for luxury vehicles.
By Component Type
By Material Type
By Vehicle Type
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