Automotive Bonnet Market Share, Opportunities, Industry 2030

Automotive Bonnet Market Share, Opportunities, Industry 2030

Segments - Global Automotive Bonnet Market by Components (Active Hinge Systems, Electronic Control Unit, and Bumper Sensors), Applications (Sedan, SUV and Crossover, Hatchback, and Others), Sales Channels (OEMs and Aftermarket), and Regions (Asia Pacific, North America, Europe, Latin America, and Middle East & Africa) Forecasts, 2020-2027

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Author : Akash Vedpathak
https://growthmarketreports.com/Vineet
Fact-checked by : Vineet Pandey
https://growthmarketreports.com/Shruti
Editor : Shruti Bhat

Upcoming | Report ID :AL-169 | 4.4 Rating | 78 Reviews | 185 Pages | Format : PDF Excel PPT

Report Description


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 Market Key Takeaways

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.

  • Automakers are focusing on improving the safety in the vehicles, owing to increasing number of accidents. An automotive bonnet is a safety element installed in an automobile, which decreases the risk of severe injury to a pedestrian in case of collision.
  • Implementation of strict government norms and increasing vehicle standards to decrease the fatality rate caused by collisions are driving the automotive bonnet market.
  • Increasing number of vehicles and rising adoption of automotive bonnets in automobile are driving the market.
  • Technological development and improved appearance of vehicles after installing automotive bonnet are projected to drive the market during the forecast period.
  • Inaccuracy of bonnet and low-speed effectiveness of bonnet expected to hinder the market growth.
  • The high maintenance cost of automotive bonnet and less awareness about the advantages of the automotive bonnet are expected to restrain the market.
  • Less adoption of new technology in developing region is projected to hampers the growth of the market.
  • Increasing vehicle safety concern and rising sales of vehicles have fueled the requirement for safety programs to make the rating criteria strict. The rating criteria comprises installation of safety features such as anti-theft systems, curtain airbags, drunk driver detection system, driver fatigue monitoring systems, and active bonnet system.
  • Manufacturers are investing a large part of their revenue in R&D to offer safe and comfortable vehicles to their customers, which is a major trend that is projected to create opportunities in the global automotive bonnet market during the forecast period.

Scope of the report:

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

 Automotive Bonnet Market Segment Insights: 

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.

Automotive Bonnet Market By Applications

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.

Automotive Bonnet Market By Sales Channels

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.

Automotive Bonnet Market By Regions

Segments

By Components

  • Active hinge systems
  • Electronic Control Unit
  • Bumper sensors

By Applications

  • Sedan
  • SUV and Crossover
  • Hatchback
  • Others

By Sales Channels

  • OEMs
  • Aftermarket

By Regions

  • North America
  • Europe
  • Latin America
  • Asia Pacific
  • Middle East & Africa

Competitive Landscape

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.

Automotive Bonnet Market By Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Automotive Bonnet Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Automotive Bonnet Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Automotive Bonnet Market - Supply Chain
  4.5. Global Automotive Bonnet Market Forecast
     4.5.1. Automotive Bonnet Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Automotive Bonnet Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Automotive Bonnet Market Absolute $ Opportunity
5. Global Automotive Bonnet Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Automotive Bonnet Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Automotive Bonnet Demand Share Forecast, 2019-2026
6. North America Automotive Bonnet Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Automotive Bonnet Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Automotive Bonnet Demand Share Forecast, 2019-2026
7. Latin America Automotive Bonnet Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Automotive Bonnet Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Automotive Bonnet Demand Share Forecast, 2019-2026
8. Europe Automotive Bonnet Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Automotive Bonnet Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Automotive Bonnet Demand Share Forecast, 2019-2026
9. Asia Pacific Automotive Bonnet Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Automotive Bonnet Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Automotive Bonnet Demand Share Forecast, 2019-2026
10. Middle East & Africa Automotive Bonnet Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Automotive Bonnet Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Automotive Bonnet Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Automotive Bonnet Market: Market Share Analysis
  11.2. Automotive Bonnet Distributors and Customers
  11.3. Automotive Bonnet Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)

Methodology

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