Global Light Vehicle Front End Modules Market Growth 2019-2024

Light Vehicle Front End Modules is consists of building the automotive front end off line, and installing the entire module as one complete assembly on the vehicle rather than building up the front end vehicle component by component. The Front End Module is the aggregate of components located in its front part which carry out many functions (esthetical, structural, aerodynamically, engine cooling, and safety) and which are preassembled as subassembly ready to be installed into the vehicle. The Front End Module included many components, such as Radiator, Condenser, Core Support, Headlight, Front Grill, Bumpers, Fenders, Crash Management System, and Others.
The trend of Front End Module (FEM) modularization is gaining traction, as modularization helps OEMs save on cost, time, and manpower during the manufacturing process. Previously, each and every component of the FEM was assembled by OEMs on the assembly line; this was time-consuming and extended the production process of the vehicle. However, the advent of modularization has enabled OEMs to save on these costs and opt for outsourcing these functions. OEMs save around 20 to 30% of costs through modularization, in comparison with the traditional front-end methods.
The Light Vehicle Front End Modules industry is highly concentrated, the top three manufactures accounting for more than 30% in Europe, and have a rapid growth to North America, Asia and other regions.

According to this study, over the next five years the Light Vehicle Front End Modules market will register a 8.7% CAGR in terms of revenue, the global market size will reach US$ 10400 million by 2024, from US$ 6850 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Light Vehicle Front End Modules business, shared in Chapter 3.

This report presents a comprehensive overview, market shares, and growth opportunities of Light Vehicle Front End Modules market by product type, application, key manufacturers and key regions and countries.

This study considers the Light Vehicle Front End Modules value and volume generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Metal/Plastic Hybrids
Composites
Plastic
Steel
Others
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Sedan
SUV
Others

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
HBPO Group
Magna
Valeo
Flex-N-Gate Corporation
DENSO
Calsonic Kansei
Hyundai Mobis
SL Corporation
Yinlun

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
To study and analyze the global Light Vehicle Front End Modules consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Light Vehicle Front End Modules market by identifying its various subsegments.
Focuses on the key global Light Vehicle Front End Modules manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Light Vehicle Front End Modules with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Light Vehicle Front End Modules submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.