Global automotive front-end module market segmentation by vehicle type and geography
Technavio’s report on the global automotive front-end module market analyses the business dimensions and presents a comprehensive breakdown in terms of market segmentation by vehicle type, including commercial vehicles and passenger vehicles. As projected in 2016, more than 93% of the market share originated from passenger vehicles.
Based on geography, the global automotive front-end module market has been segmented into APAC, EMEA, and the Americas. As of 2016, around 58% of the market share came from APAC.
“APAC has become both the largest and fastest-growing vehicle markets in the world. Most of the revenue is generated in China, Japan, and India because of the growing automobile production in these countries. The growth in the automotive vehicle production in this region is driven by leading automobile manufacturers such as GM, Ford Motor, Volkswagen, and Chrysler. These players have shifted their production bases to developing countries such as China and India due to the low labor cost. Additionally, raw materials such as steel and other lightweight materials used in FEM are available at a lesser cost when compared with the other regions,” says Amey Vikram, a lead analyst at Technavio for automotive components research.
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Global automotive front-end module market: competitive vendor landscape
The global automotive FEM market is in the growing stage of the product life cycle. OEMs outsource the manufacture of FEMs to suppliers to reduce vehicle cost. There are still a few OEMs who are reluctant to outsource the manufacture of complete FEM, which involves many sensors and added components. FEMs are effective in the unibody frame that is mostly used in passenger vehicles but the need to reduce manufacturing cost has made FEM manufacturers to move toward body-on-frame vehicles such as SUVs and other commercial vehicles. The players in this market are large and have a diversified product portfolio.
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Other topics covered in the report:
- Increasing automobile sales
- Growing monocoque chassis market
- Rising manufacturing cost due to increasing automation and advanced machinery
- Adoption of rapid changes in the usage of materials in FEM
- Growing use of carbon-fiber-reinforced thermoplastics in FEM
- Expansion of FEM market from monocoque chassis to body-on-frame vehicles
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