자동차 프론트엔드 모듈 시장 : 시장 점유율 분석, 산업 동향, 성장 예측(2025-2030년)

The Automotive Front End Module Market is expected to register a CAGR of greater than 5% during the forecast period.

The COVID-19 pandemic hindered the growth of the automotive industry and associated component industry like the front-end module market as lockdowns and shutdown of manufacturing facilities in 2020 resulted in the decline of vehicle production and sales worldwide. However, key markets opening up by the first half of 2021 and key players' short-term strategies to revive their business operations across various countries have helped the market to regain its momentum.

Over the medium term, expanding the automotive industry and growing awareness about safety in vehicles across all major regions in the world are expected to drive demand in the market. In addition, the rising need for vehicle weight reduction and increasing demand for technically advanced lightweight front-end modules are likely to offer lucrative opportunities for players in the market. However, heavy expenditures are being made in the automotive front-end module market as manufacturers choose to miniaturize their goods in response to rising consumer interest in vehicle front-end modules likely to restrict market growth during the forecast period.

Further, as key automotive players are actively looking to adopt the latest front-end modules in their vehicles to gain competitive edge to support market growth in coming years. Besides, these rise in ADAS technology and autonomous cars to enhance overall market growth as they accomodate more sensors than conventional vehicles and hence more opportunity for conducting extensive research activities in this regard.

Asia-Pacific, Europe followed by North America region expected to play key role in the development of the market during the forecast period as growth across these regions is supported by notable vehicle production both passenger cars and commercial vehicles. In addition, the growth of market is likely to be spurred by key automotive OEM launches with latest front module innovations and key manufacturers in the region.

Automotive Front End Module Market Trends

Increasing Demand for Lightweight Automotive Front-End Modules

The growing demand for lightweight vehicles is also the driving force for the automotive front-end module (FEM) market. As lightweight auto parts reduce the overall weight of the vehicles, they can, in turn, reduce CO2 emissions and cost. So, as several governments across the globe have introduced stringent emission and fuel economy regulations such as corporate average fuel economy (CAFE), BS-VI norms, etc. such regulations are likely to encourage automotive OEMs to increase the usage of lightweight materials such as lightweight metals, composites, and plastics. Experimenting with front-end module materials in auto parts has predominately contributed to achieving 20%-30% of vehicle weight reduction.

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. For instance,

• In July 2020, a highly integrated bolster produced with a 'hybrid' plastic-metal composite technology for the Ford Kuga SUV, is produced with steel panels and Durethan BKV30H2.0EF, an easy-flowing, fiberglass-reinforced nylon 6 from Lanxess, Pittsburgh, Penn. The bolster and the fully assembled front-end module were developed and are produced by Germany's Montaplast GmbH, a global system supplier of the automotive industry.

Hybrid composite/metal designs are preferably used for heavy-end vehicles. Environmental regulations for green initiatives and the digital lifestyle of consumers is also playing a vital part in increasing demand for lightweight vehicles and in turn the demand for composite/ hybrid front-end module (FEM). For example,

• In April 2021, Webasto announced that, at Auto Shanghai, it is presenting a concept vehicle as a vision of the mobility of the future. The concept car brings together numerous technical solutions for autonomous driving, electrification and comfort: roof sensor module with a working lidar and working camera, a large openable panorama roof, a smart lightweight front-end module, a battery and charging solution, and an integrated thermal management system.

Currently, several vehicles are launched in the market with front-end modules made of composite materials. The recently launched Hyundai and two small segment cars from Mercedes use a lightweight front-end construction that allows for the integration of additional functionality in components, which in turn saves assembly time, reduces costs, and lowers mass. Carriers for all three vehicles make use of injection-molded pelletized LFT-PP. For instance,

• In February 2020, Geely Philippines introduced its very own gasoline-electric hybrid technology into its upcoming compact SUV, which will pair with a 1.5-liter turbo-charged gasoline engine, complemented by a 48-volt belt-starter generator (BSG) integrated in the Front-End Accessory Drive (FEAD) of the engine, a 48-volt to 12 DC/DC converter, a 48-volt lithium-ion battery module and battery management system (BMS), along with a recuperation braking system and a hybrid module control system.

Considering such developments and technologies in the market, the trend of light weight components in vehicles anticipated to push manufacturers to offer innovative solutions for their customers. Owing to such trends , the market expected to grow at decent rate during the forecast period.

Asia-Pacific Region Expected to Witness Significant Growth in the Market

The Asia-Pacific region is expected to dominate the automotive front-end module market -owing to the strong presence of key front-end module manufacturers in Japan, South Korea, China, and India. The demand in the market is further supported by growing vehicle production across key countries in the region coupled with the growing focus of various automotive OEMs to produce lightweight vehicles. For instance,

• According to CAAM, the China Association of Automobile Manufacturers (CAAM) stated that in July 2022, the PMI of the automobile industry was higher than 52.0%, which was better than that of the overall manufacturing industry. Overall vehicle production and sales in July totaled 2.455 million units and 2.42 million units, representing a 31.5% and 29.7% y/y increase, respectively. Passenger vehicle production reached 2.21 million units, up 42.6% y/y, while sales were 2.174 million units, up 40.0% y/y. Passenger vehicle production for the January to July period totaled 12.645 million units, up 10.9% y/y, while sales were 12.529 million units, up 8.3% y/y.
• According to SIAM, total Passenger Vehicle Sales in India increased from 2,711,457 to 3,069,499 units and during the same period 113,265 units of Vans were sold compared to 108,841 units in April 2020 to March 2021 indicating positive trends in the market.

Apart from China and 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 strong double digit CAGR for the automotive front end module (FEM) market. Further, demand in the market expected to be supported by key players expansion strategy, production facilities expansion, etc. For instance,

• In March 2022, the first ever Malaysia-assembled CKD unit of Porsche Cayenne has rolled off the production line at Sime Darby's assembly plant in Kulim, Kedah, the first assembly facility for Porsche outside of Europe. The base Cayenne is currently the only model being produced locally in CKD form. Six key modules sourced locally include center console and cockpit (Clarion), front and rear axles (ZF), and the front-end module assembly.

Such developments, anticipated to create positive outlook for the market during the forecast period.

Automotive Front End Module Industry Overview

The Automotive front-end module market is moderately consolidated and the majority share of the market is dominated by major players, such as Denso Corporation, Faurecia SA, Group, Magna International, and Plastic Omnium Group, among others. Various players around the world are investing in new R&D projects, making joint ventures, and partnerships for being ahead of the competition. For instance,

• In May 2021, Mother son Group completes the acquisition of a majority stake in Turkey's Plast Met Group through its subsidiary Samvardhana Motherson Reflectec With the successful closure of this acquisition, Motherson Group now has access to the significant Turkish automotive market.
• In October 2020, Plastic Omnium announced that numerous new programs for 100% electric vehicles are coming on stream. Plastic Omnium equips the Tesla Model 3 and Model Y with front and rear bumpers and front-end modules. These models are manufactured in China and North America. It also provides front-end module, centre console, front and rear bumpers for VW ID.3 and ID.4.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

TABLE OF CONTENTS

1 INTRODUCTION

• 1.1 Study Assumptions
• 1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

• 4.1 Market Drivers
• 4.2 Market Restraints
• 4.3 Industry Attractiveness - Porter's Five Force Analysis
  • 4.3.1 Threat of New Entrants
  • 4.3.2 Bargaining Power of Buyers/Consumers
  • 4.3.3 Bargaining Power of Suppliers
  • 4.3.4 Threat of Substitute Products
  • 4.3.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION (Market Size in Value - USD billion)

• 5.1 By Vehicle Type
  • 5.1.1 Passenger Cars
  • 5.1.2 Light Commercial Vehicle
  • 5.1.3 Heavy Commercial Vehicle
• 5.2 By Raw Material Type
  • 5.2.1 Metal
  • 5.2.2 Composite
  • 5.2.3 Others
• 5.3 By Geography
  • 5.3.1 North America
    • 5.3.1.1 United States
    • 5.3.1.2 Canada
    • 5.3.1.3 Rest of North America
  • 5.3.2 Europe
    • 5.3.2.1 Germany
    • 5.3.2.2 United Kingdom
    • 5.3.2.3 France
    • 5.3.2.4 Italy
    • 5.3.2.5 Rest of Europe
  • 5.3.3 Asia-Pacific
    • 5.3.3.1 China
    • 5.3.3.2 India
    • 5.3.3.3 Japan
    • 5.3.3.4 South Korea
    • 5.3.3.5 Rest of Asia-Pacific
  • 5.3.4 Rest of the World
    • 5.3.4.1 South America
    • 5.3.4.2 Middle-East and Africa

6 COMPETITIVE LANDSCAPE

• 6.1 Vendor Market Share
• 6.2 Company Profiles
  • 6.2.1 Denso Corporation
  • 6.2.2 Hirschvogel Automotive Group
  • 6.2.3 HYUNDAI MOBIS CO. LTD
  • 6.2.4 Magna International Inc.
  • 6.2.5 Hanon Systems
  • 6.2.6 Compagnie Plastic Omnium SA
  • 6.2.7 SL Corporation
  • 6.2.8 Valeo SA
  • 6.2.9 Marelli Corporation
  • 6.2.10 MAHLE GmbH
  • 6.2.11 Calsonic Kansei Corporation

7 MARKET OPPORTUNITIES AND FUTURE TRENDS