Automotive Front End Module Market
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Transparency <strong>Market</strong> Research<br />
<strong>Automotive</strong> <strong>Front</strong> <strong>End</strong> <strong>Module</strong> <strong>Market</strong> -<br />
Global Industry Analysis, Size, Share,<br />
Growth, Trends and Forecast 2016 –<br />
2023<br />
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REPORT DESCRIPTION<br />
Transparency <strong>Market</strong> Research Report Added "<strong>Automotive</strong> <strong>Front</strong> <strong>End</strong> <strong>Module</strong> <strong>Market</strong>" <strong>Automotive</strong> font end<br />
module is a typically multi-piece assembly of various components such as font lighting, air conditioning condenses,<br />
radiator, cooling fan, crumple zone and bumpers among others. This practice of manufacturing the whole front end<br />
of a vehicle separately by outsourcing them to outside vendors is known as modular assembly Modular assembly<br />
gained its importance for reducing product engineering cost, labour cost, and logistics cost. This has led to the<br />
modularization of vehicle parts, thus reducing assembly line processes and speeding up the overall production time<br />
of a vehicle. Vehicle manufacturers have standardized front, end components such as radiator, headlights, crumple<br />
zone and cooling fan assembly among others of vehicles and have outsourced these modules to outside vendors.<br />
This has helped to reduce the overall cost of manufacturing a vehicle by reducing the setup and maintenance cost of<br />
assembly lines.<br />
Production cost saving strategies and innovation of front end modules has led to the minimization of labour cost,<br />
assembly cost and increasing pedestrian safety. The above mentioned factors would drive the global automotive<br />
front end module market. To sustain the consumer’s demand for vehicles and hold their market position, the<br />
manufacturers must find an innovative solution that would reduce the production cost of vehicles, yet decreasing<br />
the assembly time and delaying product delivery. This is only possible through modularization of vehicle parts and<br />
creation of platform based product family.<br />
By outsourcing a complete portion of a vehicle, the manufacturer minimizes a significant number of assembly-line<br />
steps that reduces the hassle of interacting with numerous subsystem suppliers, and also reduces tooling costs and,<br />
thus it improves the company’s working capital. Just because the underlying structure of front end modules can be<br />
standardized, manufacturers uses a common design to be used across multiple models sold into multiple regions,<br />
thus reducing production cost at an average of 20 to 30 percent. This is the major reason for the growth of the front<br />
end module market in the automotive industry because of its time and cost saving benefits for the automotive<br />
manufacturers.<br />
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Some of the major factors driving the front end module market is the growing vehicle production across the world<br />
and increasing demand for vehicle parts modularization. The major restraints that would be hindering the growth of<br />
front end module market is the growing after market.
The automotive front end module market can be distinguished by component outlook, vehicle type and material<br />
type. In the component outlook, there are generally eight types; fenders, front grill, headlight, radiator, bumper,<br />
condenser crash management systems and others. The vehicle type outlook can be further segmented into three<br />
types, passenger vehicle, heavy commercial vehicle and light commercial vehicle. On the other hand in the material<br />
type outlook, the market is segmented into five types. This contains aluminum, composites, steel, plastic and hybrid.<br />
Europe held the largest market share for automotive front end module market because of the heavy R&D carried out<br />
in this field and regulations set by the European Union (EU) for pedestrian safety. In Asia-Pacific region, demand for<br />
affordable vehicle is increasing at an increasing rate due to the demand from developing nations such as India and<br />
China among others. Modularization of vehicle parts is the only option for the manufacturers to meet the demand of<br />
the people and keep the price of the vehicle reasonable.<br />
Some of the Major Players in this industry are Faurecia SA (France.), Mahle GmbH (Germany), Hbpo<br />
Group (Germany), DENSO Corp (Japan), Faurecia (France), Magna International Inc.(U.S), Hyundai<br />
Mobis (South Korea), and Valeo S.A. (France), among others.<br />
This research report analyzes this market on the basis of its market segments, major geographies,<br />
and current market trends.<br />
Geographies analyzed under this research report include<br />
• North America<br />
• Asia Pacific<br />
• Europe<br />
• Middle East and Africa<br />
• Latin America<br />
This report provides comprehensive analysis of
• <strong>Market</strong> growth drivers<br />
• Factors limiting market growth<br />
• Current market trends<br />
• <strong>Market</strong> structure<br />
• <strong>Market</strong> projections for upcoming years<br />
This report is a complete study of current trends in the market, industry growth drivers, and<br />
restraints. It provides market projections for the coming years. It includes analysis of recent<br />
developments in technology, Porter’s five force model analysis and detailed profiles of top industry<br />
players. The report also includes a review of micro and macro factors essential for the existing<br />
market players and new entrants along with detailed value chain analysis.<br />
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