Automotive Bumper Market to Drive Past US$ 9 Billion by End 2022
Verfasser: yogesh on Thursday, 31 January 2019Automotive bumpers are imperative in absorbing the impact in the event of a collision, thereby minimizing repair costs and saving the lives of occupants or pedestrians. The automotive bumper market is driven by the rapidly evolving automotive industry, increasing traffic jams leading to numerous accidents, and greater urbanization and industrialization fueling the need for personal mobility. In addition to this, technological advancements in bumper materials coupled with automation and the integration of manufacturer value chains’ is benefiting the automotive bumper market that is estimated to witness a robust CAGR of 5.9% from 2017 to 2022.
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