Ozone Market Reports projects that the Automotive Front End Module market size will grow from USD 100.35 Billion in 2017 to USD 141.30 Billion by 2023, at an estimated CAGR of 5.87%. The base year considered for the study is 2017, and the market size is projected from 2018 to 2023.
The trend of 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. Model differentiation can be achieved through material, color, and finish. In addition to this, FEMs can be added late in the assembly sequence, which helps automakers to improve assembly-line ergonomics by reducing the time taken to assemble and shortening the assembly line..
By Market Players:
Faurecia SA , Denso Corporation , Mahle GmbH , Calsonic Kansei Corporation , Hbpo Group , Magna International Inc. , Hyundai Mobis , Plastic Omnium , Samvardhana Motherson Automotive Systems Group Bv , SL Corporation , Valeo S.A. , Montaplast GmbH , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
Radiator , Motor Fan , Condenser , Internal Air Cooler , Radiator Core Support , , , ,
By Vehicle Type
Passenger Car , Light Commercial Vehicle , Heavy Commercial Vehicle, , , , , ,
Steel , Aluminum , Plastic , Hybrid , Composites, , , ,
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Points Covered in The Report:
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