Automotive Front End Modules (FEMs) are typically multi piece assemblies with integrated number of components. These components are forward lighting, radiators & cooling fans, grille-opening reinforcement (GOR) panels, air conditioning (A/C) condensers, crumple zones, hood latches, bumpers and electronics & wiring. The front end module (FEM) is a complex assembly with very high demands on functionality, technology & fitting accuracy. The front end module (FEM) is beneficial for vehicle makers and the consumers and is essentially useful for the ergonomic aspects of the whole assembly process. The beneficial aspects of front end modules (FEM) for auto makers are reduction in cost of materials, assembly time reduction, length reduction for assembly line, supply chain simplification and tooling cost reduction.
Automotive Front End Module Market Dynamics
The global automotive front end module (FEM) market is showing significant growth and profitability due to increase in production of passenger and heavy duty vehicles in regions like North America, Western Europe and Asia pacific. The unstable economic, political and social conditions in South America, Eastern Europe and Middle East will be the key element in the upcoming years for uncertain automotive industry market performance in the respective areas. Global front end module (FEM) market is primarily driven by small and heavy vehicle production, demand for front end module (FEM) modularization and light weight front end modules (FEMs) and concerns over driver and passenger safety. The global automotive front end module (FEM) market is expected to show the growth in future with single digit CAGR with emerging economies expected to act as the new blossoming markets due to stagnation of the conventional markets.
Request Free Report Sample@ http://www.futuremarketinsights.com/reports/sample/rep-gb-1547?
The global demand for automotive front end module (FEM) is due to increasing demands for small and heavy duty vehicles. The emerging economies, increased disposable income of middle class group and more consumer centric products with modern digitalization are some of the reasons with which future market is expected to be favorable for the automobile industry and in turn for front end module(FEM) market. Front end module (FEM) modularization is gaining importance as in the manufacturing process it saves time, cost and manpower. The growing demand for the lightweight vehicles is also the driving force for the automotive front end module (FEM) market. Nowadays instead of heavy steel and iron carriers, lightweight components are used which are responsible for fuel efficiency and vehicle performance enhancement. Commonly used materials for lightweight thermoplastics are polypropylene and nylon. Hybrid composite/metal designs are preferably used for the heavy end vehicles. Environmental regulations for green initiatives and digital lifestyle of consumers is also playing the vital part of increasing demand for lightweight vehicles and in turn the demand for composite/ hybrid front end module(FEM).
Automotive Front End Module Market Segmentation
The Global market for automotive front end module (FEM) is segmented based on product type, type of material used, vehicle type and the region. Based on the product type automotive front end module (FEM) market is segmented into Radiator, Motor, Fan Condenser, Internal Air Cooler, Radiator Core Support, Oil Cooler, Headlight, Front Grill, Front Active Grill, Bumpers, Horn Assembly, Fenders, Hose Assembly, Bracket Assembly, Automotive Air Quality Sensor and Crash Management System. Based on the type of material used automotive front end module (FEM) market is classified as Steel, Composite, Hybrid and Plastic. Based on the vehicle automotive front end module (FEM) market is classified as PC (passenger cars), LCV (Light commercial vehicle) and HCV (Heavy Commercial Vehicle). Based on the region automotive front end module (FEM) market is segmented into seven key regions North America (U.S., Canada), Latin America (Mexico. Brazil), Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg), Eastern Europe (Poland, Russia), Asia Pacific (China, India, ASEAN, Australia & New Zealand), Japan, Middle East and Africa (GCC, S. Africa, N. Africa).
Request For TOC@ http://www.futuremarketinsights.com/toc/rep-gb-1547?
Automotive Front End Module Market: Regional Outlook
The global market for automotive front end module (FEM) is scattered and uneven. North America, Western Europe and Asia pacific are the key market regions whereas South America and Eastern Europe are the new emerging markets. In North America automobile demand and in turn automotive front end module (FEM) demand in this region is triggered by the low fuel rates and interest rates. The growth in demand is also expected due to reach in average car age. Western Europe, due to heavy R&D activities for fuel efficiency and government regulations for environmental safety, is expected to witness the moderate growth for automotive front end module (FEM) in upcoming years. This region is expected to witness the demand stagnancy because of the market maturity. Presently China is the largest market for automotives owing to the large population, spending power of consumer, vast infrastructure development and initiatives of joint ventures between key market players of automobile industry and local manufacturers. Apart from India South Korea, Japan are also gaining the importance owing to the presence of big players of automobile industry like Nissan. This region is expected to show double digit CAGR for the automotive front end module (FEM) market. However due to increasing pollution level because of the increased production in this region, governments are adopting high fuel efficiency vehicles.
Automotive Front End Module Market: Key Market Players
The Global key market players for automated front end module (FEM) industry are Mahle GmbH (Germany), Faurecia (France) Denso Corp (Japan), Hyundai Mobis (South Korea), Magna International Inc.(U.S), Valeo S.A. (France) and others. Many global payers are entering into joint ventures with domestic players to capture the market share.
Future Market Insights
Future Market Insights (FMI) is a premier provider of syndicated research reports, custom research reports, and consulting services. We deliver a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, aerial view of the competitive framework, and future market trends.