Transparency
Market Research Report Added "Automotive
Front End Module Market" Automotive font end module is a
typically multi-piece assembly of various components such as font
lighting, air conditioning condenses, radiator, cooling fan, crumple
zone and bumpers among others. This practice of manufacturing the
whole front end of a vehicle separately by outsourcing them to
outside vendors is known as modular assembly Modular assembly gained
its importance for reducing product engineering cost, labour cost,
and logistics cost. This has led to the modularization of vehicle
parts, thus reducing assembly line processes and speeding up the
overall production time of a vehicle. Vehicle manufacturers have
standardized front, end components such as radiator, headlights,
crumple zone and cooling fan assembly among others of vehicles and
have outsourced these modules to outside vendors. This has helped to
reduce the overall cost of manufacturing a vehicle by reducing the
setup and maintenance cost of assembly lines.
Production cost
saving strategies and innovation of front end modules has led to the
minimization of labour cost, assembly cost and increasing pedestrian
safety. The above mentioned factors would drive the global automotive
front end module market. To sustain the consumer’s demand for
vehicles and hold their market position, the manufacturers must find
an innovative solution that would reduce the production cost of
vehicles, yet decreasing the assembly time and delaying product
delivery. This is only possible through modularization of vehicle
parts and creation of platform based product family.
By outsourcing a
complete portion of a vehicle, the manufacturer minimizes a
significant number of assembly-line steps that reduces the hassle of
interacting with numerous subsystem suppliers, and also reduces
tooling costs and, thus it improves the company’s working capital.
Just because the underlying structure of front end modules can be
standardized, manufacturers uses a common design to be used across
multiple models sold into multiple regions, thus reducing production
cost at an average of 20 to 30 percent. This is the major reason for
the growth of the front end module market in the automotive industry
because of its time and cost saving benefits for the automotive
manufacturers.
Get Free Sample
Report Copy :
Some of the major
factors driving the front end module market is the growing vehicle
production across the world and increasing demand for vehicle parts
modularization. The major restraints that would be hindering the
growth of 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 type. In the component outlook, there are generally
eight types; fenders, front grill, headlight, radiator, bumper,
condenser crash management systems and others. The vehicle type
outlook can be further segmented into three types, passenger vehicle,
heavy commercial vehicle and light commercial vehicle. On the other
hand in the material type outlook, the market is segmented into five
types. This contains aluminum, composites, steel, plastic and hybrid.
Europe held the
largest market share for automotive front end module market because
of the heavy R&D carried out in this field and regulations set by
the European Union (EU) for pedestrian safety. In Asia-Pacific
region, demand for affordable vehicle is increasing at an increasing
rate due to the demand from developing nations such as India and
China among others. Modularization of vehicle parts is the only
option for the manufacturers to meet the demand of the people and
keep the price of the vehicle reasonable.
Some of the Major
Players in this industry are Faurecia SA (France.),
Mahle GmbH (Germany), Hbpo Group (Germany), DENSO Corp (Japan),
Faurecia (France), Magna International Inc.(U.S), Hyundai Mobis
(South Korea), and Valeo S.A. (France), among others.
About Us :
Transparency Market
Research is a global market intelligence company, providing global
business information reports and services. Our exclusive blend of
quantitative forecasting and trends analysis provides forward-looking
insight for thousands of decision makers. Our experienced team of
Analysts, Researchers, and Consultants, use proprietary data sources
and various tools and techniques to gather, and analyze information.
Our data repository
is continuously updated and revised by a team of research experts, so
that it always reflects the latest trends and information. With a
broad research and analysis capability, Transparency Market Research
employs rigorous primary and secondary research techniques in
developing distinctive data sets and research material for business
reports.
No comments:
Post a Comment