The trend of Front End Module (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.
The Automotive Front End Module industry is highly concentrated, the top three manufactures accounting for more than 75% in Europe, and have a rapid growth to North America, Asia and other regions.The Automotive Front End Module industry is highly concentrated, the top three manufactures accounting for more than 75% in Europe, and have a rapid growth to North America, Asia and other regions.
In wrod wide, major manufactures are HBPO Group, Magna, Faurecia, Valeo, DENSO, Calsonic Kansei, Hyundai Mobis, SL Corporation, Yinlun and etc.
The worldwide market for Automotive Front End Module is expected to grow at a CAGR of roughly 4.4% over the next five years, will reach 8650 million US$ in 2024, from 6700 million US$ in 2019.
Global Automotive Front End Module Market report features the major aspect of the market in terms of historic data, current market situations, market demand along with detailed analysis of the key players involved in the market.Automotive Front End Module Industry report also provides essential attributes associated with Automotive Front End Module market and act an essential tool to companies active across the value chain and to the newcomer by enabling them to capitalize the opportunities and develop business strategies.
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Global Automotive Front End Module Market focuses on the, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa.Automotive Front End Module business report categorizes the market based on manufacturers, regions, type and application. From a global perspective, this report represents Automotive Front End Module market in-depth outlook by analyzing historical statistics and future prospect.
TOP MOST PLAYERS:
Market Segment by Type, covers:
Market Segment by Applications, can be divided into:
The prospective of this Automotive Front End Module industry study delivers the key industry dynamic with respect to driving & limiting factors with their current and expected impact on market growth. Moreover, Automotive Front End Module present market share and future prospects of the segment in terms of has also been explored in this report.
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