Automotive Front End Module (FEM) Market Segmentation: By Component, Vehicle Type, Material, Geography and Demand Forecast to 2023

The growing concerns regarding passenger and driver safety, increasing vehicle production, and growing demand for lightweight front end modules are driving the growth of the global automotive front end module market. The traditional automotive front end module designs consisted of heavy steel carriers.

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The development of lightweight front end modules by manufacturers, in order to produce light weight vehicles is a major trend witnessed in the global automotive front end module market. The increasing demand for light passenger vehicles is also driving the growth of the global automotive front end module market.

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According to the European Automobile Manufacturers Association (ACEA), Asia-Pacific produced 90.6 million motor vehicles in 2014, out of which over 72.3 million were passenger cars. This makes Asia-Pacific one of the major growth drivers of the global automotive FEM market. China is driving the growth of the Asia-Pacific automotive front end module market, as it is the largest market for automotives in the region.

The market of China is observing significant growth in the sales and demand of automobiles, as the spending capability and economy of the population is growing. The pollution levels have augmented with the increasing number of vehicles, which has polluted the quality of urban air. The government of China is promoting the adoption of vehicles with higher fuel efficiency and lower emissions.

DENSO CORPORATION, Faurecia Automotive Seating Inc., Sherrill-Lubinski Corporation, Magna International Inc., MAHLE GmbH, and Samvardhana Motherson Group are some of the competitors of the global automotive front end module market.

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