Global Vehicle Bumper Market - Forecast 2022 - 2027

Global Vehicle Bumper Market is analyzed to grow at a?CAGR of 11.5%?during the forecast 2021-2026?to reach $12.6 billion?by 2026. Vehicle bumpers feature protruding shrouds of plastic or metal that surround energy-absorbing materials such as composite plastic,?thermoplastic polymer, sheet molding compound and acrylonitrile butadiene styrene. They are automotive safety components designed to absorb impact to the front and rear of vehicles and minimize low-speed collision damages.?

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Key Takeaways

• Increasing production of different vehicle types across the globe is analysed to significantly drive the Global Vehicle Bumper Market during the forecast period 2021-2026.
• Standard bumper is analysed to hold highest share in 2020 owing to the availability of these bumper in majority of the vehicles during production. These are generally factory-installed bumper according to the vehicle design and type. This tend to uplift its market growth across the globe during the forecast period.
• Thermoplastic polymer is expected to hold the highest market share in the forecast period owing to its physical properties such as toughness, flexibility and resistance to abrasion and temperature.
• Asia-Pacific is analysed to hold the highest share in 2020 owing to the largest production of vehicles and sales in this region. The presence of high population density further boosts the demand of vehicles which is a major growth factor of Global Vehicle Bumper Market.?