United States Car Bumper Guard Market Size, Share, and COVID-19 Impact Analysis, By Material Type (Metal, Fiber, Composite Plastic), By Vehicle Type (Commercial vehicles, Passenger vehicles), and United States Car Bumper Guard Market Insights Forecasts to 2033

Industry: Automotive & Transportation

RELEASE DATE Dec 2023
REPORT ID SI3338
PAGES 200
REPORT FORMAT PathSoft

United States Car Bumper Guard Market Insights Forecasts to 2033

  • The United States Car Bumper Guard Market Size was valued at USD 0.92 Billion in 2023.
  • The Market Size is Growing at a CAGR of 7.61% from 2023 to 2033.
  • The United States Car Bumper Guard Market Size is Expected to Reach USD 1.90 Billion by 2033.

 

United States Car Bumper Guard Market

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The United States Car Bumper Guard Market Size is expected to reach USD 1.90 Billion by 2033, at a CAGR of 7.61% during the forecast period 2023 to 2033.

 

Market Overview

Car bumpers (rear/front) are designed with attachment brackets to protect the vehicle in a low-speed collision as well as passengers. Preventing vehicles from coming into contact with obstacles, the metal or fiber bars mounted to the front and/or rear ends of the cars also act as shock absorbers during collisions. Car bumpers are essentially made by covering a reinforcement bar made of steel, aluminum, fiberglass composite, and plastic. Furthermore, one of the main factors influencing the market's anticipated growth is the fact that individuals in modern times usually work to set themselves apart from others. United States market expansion is probably going to be fueled by consumers' growing desire, especially among younger consumers, for an interesting and customized driving experience. The United States market for car bumper guards has grown along with the demand for luxury vehicles. While many local businesses produce bumper guards, only a handful of them provide standard products that are simple to install and resistant to all weather. Moreover, these bumpers play a critical role in improving vehicle safety and lowering the number of accidents caused by inadequate safety measures. Tight regulations mandating bumpers to be permanently installed on cars in order to comply with durability, safety, aesthetic, and design standards are also driving market growth.

 

Report Coverage

This research report categorizes the market for United States car bumper guard 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 United States car bumper guard 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-segments of the United States car bumper guard market.

 

United States Car Bumper Guard Market Report Coverage

Report CoverageDetails
Base Year:2023
Market Size in 2023:USD 0.92 Billion
Forecast Period:2023-2033
Forecast Period 2023-2033 CAGR:7.61%
2033 Value Projection:USD 1.90 Billion
Historical Data for:2019-2022
No. of Pages:200
Tables, Charts & Figures:110
Segments covered:By Material Type, By Vehicle Type and COVID-19 Impact Analysis.
Companies Covered:Luv-Tap, Bumper Bully, City Bump, Bumper Badger, Parking Armor And Other Key Vendors.
Pitfalls & Challenges:COVID-19 Empact, Challenge, Future, Growth, & Analysis

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Driving Factors

In addition to serving as a safety feature, car bumpers also enhance a vehicle's appearance. When bumpers were originally just stiff metal bars used for the vehicles' aesthetic purposes, their construction was not very reliable. Over time, numerous advancements in metal and technology, as well as an emphasis on safeguarding car parts, have increased safety and changed bumper designs. The automotive bumper United States market is growing due to a combination of factors such as increased automation and the rapid advancement and integration of materials. In additional, recycling of automotive plastic bumpers, and increased demand for transportation in terms of trading activities all provide market growth in the car bumper market in United States.

 

Restraining Factors

The volatility of raw material prices is a significant hampering to the growth of the car bumper guard market in United States. These price adjustments may have a significant effect on the profitability and production costs of businesses operating in the sector. Also, the volatility of raw material prices can also make it challenging for companies to effectively plan and budget, which can harm their overall company stability and ability to compete in the Unites States market.

 

Market Segment

  • In 2023, the fiber segment accounted for the largest revenue share over the forecast period.

Based on the material type, the United States car bumper guard market is segmented into metal, fiber, and composite plastic. Among these, the fiber segment has the largest revenue share over the forecast period. Fiber materials abundant accessibility and economic feasibility support their dominant position, making them the preferred choice among industry. The remarkable light weight of fibers, especially in comparison to plastics, is another factor propelling the market's growth. The automotive industry is expected to place greater emphasis on sustainability and lightweighting as fiber materials become more advantageous.

 

  • In 2023, the commercial vehicles segment accounted for the largest revenue share over the forecast period.

Based on the vehicle type, the United States car bumper guard market is segment into commercial vehicles, and passenger vehicles. Among these, the commercial vehicles segment has the largest revenue share over the forecast period. The growing demand for commercial vehicles, which is fueled by their frequent use on highways, where the risk of traffic accidents is significantly higher, highlights his substantial domination. Because of this, there is a bigger focus on giving these cars strong bumper systems in order to increase safety and ward off potential threats, thereby solidifying the commercial vehicle segment's position in the market.

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the United States car bumper guard 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 & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Companies

  • Luv-Tap
  • Bumper Bully
  • City Bump
  • Bumper Badger
  • Parking Armor
  • 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 regional, and country levels from 2022 to 2033. Spherical Insights has segmented the United States car bumper guard market based on the below-mentioned segments:

 

United States Car Bumper Guard Market, By Material Type

  • Metal
  • Fiber
  • Composite Plastic

 

United States Car Bumper Guard Market, By Vehicle Type

  • Commercial vehicles
  • Passenger vehicles

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