Light Vehicle Front End Modules Market to Witness Robust Expansion by 2023

New report published by Market Research Report Store (MRRS) which offers insights on the global Light Vehicle Front End Modules market.
 
Light Vehicle Front End Modules is consists of building the automotive front end off line, and installing the entire module as one complete assembly on the vehicle rather than building up the front end vehicle component by component. The Front End Module is the aggregate of components located in its front part which carry out many functions (esthetical, structural, aerodynamically, engine cooling, and safety) and which are preassembled as subassembly ready to be installed into the vehicle. The Front End Module included many components, such as Radiator, Condenser, Core Support, Headlight, Front Grill, Bumpers, Fenders, Crash Management System, and Others.
 
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Global Light Vehicle Front End Modules Market: Forecast by Type / Application / Region
 
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 Light Vehicle Front End Modules industry is highly concentrated, the top three manufactures accounting for more than 30% in Europe, and have a rapid growth to North America, Asia and other regions.
 
Over the next five years, LPI(LP Information) projects that Light Vehicle Front End Modules will register a 8.7% CAGR in terms of revenue, reach US$ 10400 million by 2023, from US$ 6850 million in 2017.
 
Global Light Vehicle Front End Modules Market: Key Players
HBPO Group
Magna
Valeo
Flex-N-Gate Corporation
DENSO
Calsonic Kansei
Hyundai Mobis
SL Corporation
Yinlun
 
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Related Information:

United States Light Vehicle Front End Modules Market Research Report 2018
Europe Light Vehicle Front End Modules Market Research Report 2018
North America Light Vehicle Front End Modules Market Research Report 2018
Asia-Pacific Light Vehicle Front End Modules Market Research Report 2018
China Light Vehicle Front End Modules Market Research Report 2018
EMEA Light Vehicle Front End Modules Market Research Report 2018
Global Light Vehicle Front End Modules Market Research Report 2018
 

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