MRC Announces the Publication of its Research Report – Global Automotive Front-end Module Market 2017-2021
MRC recognizes the following companies as the key players in the global automotive front-end module market: Calsonic Kansei Corporation, DENSO, HBPO, HYUNDAI MOBIS, Magna International, and SamvardhanaMotherson.
Other Prominent Vendors in the market are: TORAY and SL.
Commenting on the report, an analyst from MRC’s team said: “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.”
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.
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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.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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