The global automotive bonnet market is expected to expand at a substantial CAGR during forecast period, between 2020 and 2027. The growth of the market is attributed to automotive safety, introduction of safety features with automotive bonnet, implementation strict government rules on vehicle safety, and increasing vehicle standards to decrease the accident rate.
Automotive bonnet lessens shock to the pedestrian’s head if the vehicle collides with a pedestrian. The bonnets use energy absorption tools in the front-end of the automobile. In case of a frontal accident, when the grille strikes a pedestrian's knees, the energy gripping tool mitigates the seriousness of the injuries. The bonnet system uses a stiffening support, which is located at the bottom of the bumper. This is designed to avoid the pedestrian's leg from getting under the vehicle. The structure of the bonnet is explicitly designed to decrease the injury to the pedestrian during an accident. Automotive bonnet is designed to lessens the injury to the pedestrians’ knees in case of accident.
The report on automotive bonnet market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.
Attributes | Details |
Base Year | 2019 |
Historic Data | 2017 & 2018 |
Forecast Period | 2020–2027 |
Regional Scope | Asia Pacific, North America, Europe, Latin America, and Middle East & Africa |
Report Coverage | Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast |
Based on components, the automotive bonnet market can be divided into active hinge systems, electronic control unit, and bumper sensors. The electronic control unit segment is projected to dominate the global automotive bonnet market during the forecast period owing to its advanced features such as updating the user about speed control in case of pedestrian accident.
In terms of applications, the market can be segregated into sedan, hatchback, SUV, and crossover, and others. The sedan segment is projected to dominate the global market during the forecast period. Growing sales of luxury sedans, which affixed with bonnets is driving the segment growth. Additionally, long bonnet design of sedans, which improves the probability of pedestrian impacts fuels segment growth.
On the basis of sales channels, the automotive bonnet market can be categorized as OEMs and aftermarket. The OEMs segment is projected to dominate the global market during the forecast period, owing to its focus on installing safety system in vehicles.
Based on regions, the global automotive bonnet market can be classified as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is expected to dominant the global automotive bonnet market due to major sales of automotive in the region. Growth in the number of automotive manufacturing companies and entry of international automaker in the developing region are driving the automotive bonnet market in the country during the forecast period. Increasing awareness and rising implementation of strict rules by regulating bodies for safety and to decrease accident in the region are impacting to market growth. Additionally, increasing manufacturing of passenger vehicles in Asia Pacific and speedy expansion of the automotive industry in the developing region are expected to drive the market. OEMs are preparing to expand their production volume, as people in Asia Pacific are accepting advanced technology.
Key players in the global automotive bonnet market include Volvo Car Corporation, Volkswagen AG, TORAY INDUSTRIES, INC., Tesla, Suzuki Motor of America, Inc., Mercedes-Benz USA, LLC, Mazda Motor Corporation, KIA Motors, JAGUAR LAND ROVER AUTOMOTIVE PLC, Groupe Renault, General Motors, Daimler AG, BMW AG, Audi of America, and ALFAROMEO. These players are involved in strategies such as mergers & acquisitions, partnerships, collaborations, and product launches. For instance, in 2019 Tesla acquired Maxwell Technologies. In 2018, General Motors launched a collision repair network to safeguard customer safety and product reliability. The sales of Kia motors are increasing rapidly owing to the addition of bonnet in its vehicles.
Key players in the global automotive bonnet market include Volvo Car Corporation, Volkswagen AG, TORAY INDUSTRIES, INC., Tesla, Suzuki Motor of America, Inc., Mercedes-Benz USA, LLC, Mazda Motor Corporation, KIA Motors, JAGUAR LAND ROVER AUTOMOTIVE PLC, Groupe Renault, General Motors, Daimler AG, BMW AG, Audi of America, and ALFAROMEO. These players are involved in strategies such as mergers & acquisitions, partnerships, collaborations, and product launches. For instance, in 2019 Tesla acquired Maxwell Technologies. In 2018, General Motors launched a collision repair network to safeguard customer safety and product reliability. The sales of Kia motors are increasing rapidly owing to the addition of bonnet in its vehicles.
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