Automotive Front End Modules Market Trends, Sector Overview and Forecast to 2028
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Automotive Front-End Modules Market Report Overview
The automotive front-end modules market size was 91 million units in 2023. The market will grow at a CAGR of more than 1% during 2023-2028. The need to make automotive applications dependable, small, safe, and less expensive is driving the automotive front-end module market. Major automotive front-end module manufacturers are integrating cutting-edge technologies into their products. In 2023, Asia-Pacific accounted for a significant share of the automotive front-end modules market.
Automotive Front-End Modules Market Outlook, 2023-2028 (Million Units)
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The automotive front-end modules market research report provides a comprehensive overview of the market trends and drivers. The market report also provides a detailed overview of technological developments and PESTER analysis. Furthermore, evaluate strategic initiatives by market players and their recent product innovations to identify growth opportunities. The report also provides an overview of patent filings across sectors, regions, countries, and top applicants.
Market Size (2023) | 91 million units |
CAGR (2023-2028) | >1% |
Historical Period | 2018-2022 |
Forecast Period | 2023-2028 |
Key Regions | Asia-Pacific, Europe, North America, South America, and MEA |
Key Companies | HBPO, OEM in-house, Magna International, Marelli, and Futaba Industrial |
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Automotive Front-End Modules Market Trends
An increasing demand for lightweight automotive front-end modules is one of the leading trends impacting the market.
Lightweight auto components can lower CO2 emissions and costs by reducing the overall weight of the vehicles. As a result, strict emission and fuel economy regulations have been implemented by several governments around the world, including corporate average fuel economy (CAFÉ), BS-VI norms, etc. These regulations are likely to encourage automotive OEMs to use more lightweight materials, such as lightweight metals, composites, and plastics.
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Automotive Front-End Modules Market Segmentation by Regions
In 2023, Asia-Pacific accounted for the highest automotive front-end modules market share among all the regions
The key regions in the automotive front-end modules market are Asia-Pacific, Europe, North America, South America, and MEA. APAC has a growing demand for lightweight and fuel-efficient vehicles due to rising environmental concerns and fuel prices. Front-end modules incorporating lightweight materials like composites and aluminum help reduce the vehicle’s overall weight, contributing to fuel efficiency. This trend increases the adoption of front-end modules in the Asia Pacific market.
Automotive Front-End Modules Market Analysis by Regions, 2023 (%)
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Automotive Front-End Modules Market – Competitive Landscape
HBPO accounted for the highest automotive front-end modules market share in 2022
A few of the top companies operating in the market are:
- HBPO
- OEM in-house
- Magna International
- Marelli
- Futaba Industrial
HBPO used the North American International Auto Show in conjunction with AutoMobili-D to showcase its front-end modules, active grille shutters, and a center console module. To support North American customers with just-in-sequence production, the company will begin production at a new plant.
Automotive Front-End Modules Market Analysis by Companies, 2022 (%)
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Automotive Front-End Modules Market – Latest Developments
A few of the latest developments in the automotive front-end modules market are as follows:
- 6th June 2023: Hyundai Mobis expanded its vehicle module facility in South Korea. The company established new subsidiaries to produce auto parts and modules. Hyundai Mobis Co. plans to construct its third automotive module plant in Ulsan, South Korea, where its parent company, Hyundai Motor Group, runs its largest production complex.
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Segments Covered in this Report
Automotive Front-End Modules Regional Outlook (Value, Million Units, 2018-2028)
- Asia-Pacific
- Europe
- North America
- South America
- MEA
Scope
- Trends & Drivers: Provides an overview of the current key trends and drivers that will influence the sector’s growth in the future.
- Technological Developments: Provides a detailed overview of technological developments and innovations in the sector.
- PESTER Analysis: Provides a detailed understanding of political, economic, social, technological, environmental, and regulatory factors impacting the sector.
- Sector Forecast: Provides deep-dive analysis of the global market covering volume growth during 2018-2028, and spot estimates for 2030 and 2036. The analysis also covers a regional overview across four regions highlighting sector size and growth drivers for the region.
- Competitive Landscape: Provides an overview of leading component suppliers at a global and regional level, besides analyzing the companies’ recent product innovations and key strategic initiatives. taken by the companies.
- Patent Analysis: Provides an overview of patent filings in the sector across regions, countries, and top applicants.
Reasons to Buy
- The report provides OEMs and component suppliers’ latest information on market evolution to help formulate sales and marketing strategies.
- The report provides authentic market data with a high level of detail to help gain a competitive edge.
- The report provides its readers with up-to-date information and analysis to uncover emerging opportunities for growth within the sector.
- The report analyzes regions and competitive landscape that can help companies gain insight into the region-specific nuances.
- The report assesses the key trends that drive customer choice and the future opportunities that can be explored in the region. Actionable insights on trends can help companies in revenue expansion.
- The report helps gain competitive intelligence about leading component suppliers in the region with information about their market share and growth rates.
Denso
Marelli
Hyundai Mobis
Valeo.
Table of Contents
Frequently asked questions
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What was the automotive front-end modules market size in 2023?
The automotive front-end modules market size was 91 million units in 2023.
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What will the front-end modules market growth rate be during the forecast period?
The front-end modules market will grow at a CAGR of more than 1% during 2023-2028.
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Which was the leading region in the automotive front-end modules market in 2023?
Asia-Pacific was the leading revenue generator for the automotive front-end modules market in 2023.
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Which are the key companies in the automotive front-end modules market?
A few of the top companies operating in the automotive front-end modules market are HBPO, OEM in-house, Magna International, Marelli, and Futaba Industrial, among others.
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