Japan Automotive Bumper Market Size, Share, and COVID-19 Impact Analysis, By Type (Standard Bumper, Deep Drop Bumper, Roll Plan Bumper, Step Bumper, and Tube Bumper), By Material Type (Steel, Aluminum, Fiber, and Plastic), and Japan Automotive Bumper Market Insights, Industry Trend, Forecasts to 2033

Japan Automotive Bumper Market Insights Forecasts to 2033

• The Japan Automotive Bumper Market is Growing at a CAGR of 3.9% from 2023 to 2033
• The Japan Automotive Bumper Market Size is Expected to hold a significant share by 2033

The Japan Automotive Bumper Market is Anticipated to hold a significant share by 2033, growing at a CAGR of 3.9% from 2023 to 2033.

Market Overview

The industry that produces, distributes, and sells plastic bumpers for automobiles all over Japan is known as the Japan automotive plastic bumpers market. Essential automotive parts, such as plastic bumpers, are made to reduce overall vehicle weight, improve aerodynamics, absorb impact, and increase vehicle safety. Increased vehicle production in Japan, developments in lightweight and impact-resistant materials, rising demand for electric and fuel-efficient vehicles, and Japanese regulations supporting recyclable and sustainable automotive parts are some of the drivers propelling this market. Polypropylene (PP), polycarbonate (PC), acrylonitrile butadiene styrene (ABS), and thermoplastic olefins (TP) are important components used in plastic bumpers in Japan.

Report Coverage

This research report categorizes the market for the Japan automotive bumper market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Japan automotive bumper market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Japan automotive bumper market.

Driving Factors

The Japan Light Motor Vehicle and Motorcycle Association and the Japan Automotive Dealers Association report that new car sales in Japan in February increased significantly by 18.7% year over year to a total of 409.3 thousand units. As a vital part of contemporary automobiles, the rise in new car sales in Japan is anticipated to have a favorable effect on the demand for automotive plastic bumpers. The requirement for premium, lightweight bumpers to increase safety and fuel efficiency is anticipated to increase as Japan's car population continues to grow. Further propelling the Japanese automotive plastic bumper market is the country's trend toward more environmentally friendly vehicles, which may increase demand for recyclable and sustainable materials used in bumper production.

Restraining Factors

Price swings for essential materials like polypropylene (PP), polycarbonate (PC), and ABS can raise production costs since they are influenced by changes in the price of crude oil.

Market Segmentation

The Japan automotive bumper market share is classified into type and material type.

• The standard bumper segment is expected to hold a significant market share through the forecast period.

The Japan automotive bumper market is segmented by type into standard bumper, deep drop bumper, roll plan bumper, step bumper, and tube bumper. Among these, the standard bumper segment is expected to hold a significant market share through the forecast period. This is because of its straightforward design and effortless compatibility with many car models. However, because of their straightforward and small form, the tube bumper market is predicted to develop at the fastest rate.

• The plastic segment is expected to dominate the Japan automotive bumper market during the forecast period.       

Based on the material type, the Japan automotive bumper market is divided into steel, aluminum, fiber, and plastic. Among these, the plastic segment is expected to dominate the Japan automotive bumper market during the forecast period. Plastic bumpers are a popular option among automakers since they are simple to produce, fix, and install on a variety of vehicle models.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Japan automotive bumper market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Toyoda Gosei Co., Ltd.
• Toyota Boshoku Corporation
• Mitsubishi Chemical Corporation
• Sumitomo Chemical Co., Ltd.
• AGC Inc.
• Asahi Kasei Corporation
• Daicel Corporation
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at Japan, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Japan Automotive Bumper Market based on the below-mentioned segments:

Japan Automotive Bumper Market, By Type

• Standard Bumper
• Deep Drop Bumper
• Roll Plan Bumper
• Step Bumper
• Tube Bumper

Japan Automotive Bumper Market, By Material Type

• Steel
• Aluminum
• Fiber
• Plastic