Enjoy complimentary customisation on priority with our Enterprise License!
The US car bumper guard market size is forecast to increase by USD 693.1 million at a CAGR of 7.1% between 2023 and 2028. The US car bumper guard market is experiencing significant growth due to the increasing popularity of luxury vehicles and the benefits they offer in preventing fender benders and scratches during parking. The use of car has become a necessity in today's crowded parking spaces, where the risk of minor accidents is high. Furthermore, the fluctuating costs of raw materials have not deterred the market's growth, as manufacturers continue to innovate and produce cost-effective solutions. The market is expected to witness continued expansion as consumers prioritize vehicle protection and safety.
They have become an essential protective component for vehicles, providing a shield against minor damages and scratches that can occur during parking or on the road. These guards serve as a barrier between your vehicle and potential hazards, preventing fender benders and saving you money in the long run. Fender benders and damages are common occurrences in parking spaces, especially in crowded areas. A car bumper guard acts as a protective layer, safeguarding your vehicle from minor dents and scratches caused by other vehicles or stationary objects. These come in various types, including stick-on, truck-mounted bumper guards, and hitch-mounted. Stick-on bumper guards are a popular choice for their ease of installation and affordability.
Similarly, they are adhesive and can be applied directly to the bumper without any drilling or modification required. Truck-mounted and hitch-mounted, on the other hand, offer more protection for larger vehicles and those with trailers. These guards are mounted onto the chassis or hitch of the vehicle and provide additional coverage for the rear end. Protective film is another type of car bumper guard that provides an invisible shield to your vehicle. This thin, clear film adheres to the bumper and absorbs the impact of minor collisions, preventing scratches and damages. When investing in a car bumper guard, consider the material and thickness for optimal protection. High-quality materials, such as durable ABS plastic or stainless steel, ensure long-lasting protection against damages.
However, the thickness of the guard also plays a crucial role in its effectiveness; a thicker guard offers more protection against major impacts. The installation process for car bumper guards is generally straightforward and can be done at home or by a professional. Trusted sources, such as reputable auto parts stores or online retailers, offer reliable and easy-to-install options. Car not only protects your vehicle from damages but also helps maintain its resale value. A well-maintained vehicle with intact bumpers is more attractive to potential buyers, ensuring a higher selling price. In conclusion, these are a wise investment for any vehicle owner. They offer protection against fender benders, scratches, and damages, saving you money and maintaining your vehicle's resale value.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
The commercial vehicle segment is estimated to witness significant growth during the forecast period. The car bumper guard market in the United States experiences substantial growth, particularly in the commercial vehicle segment. This segment's expansion is attributed to the frequent usage of commercial vehicles, such as delivery vans, trucks, and utility vehicles, in high-risk areas like highways.
Get a glance at the market share of various segment Download the PDF Sample
The commercial vehicle segment was valued at USD 1.12 billion in 2018. Bumper guards are a cost-effective investment for companies and fleet operators to safeguard their vehicles from minor accidents, thereby reducing repair expenses and downtime. Commercial bumper guards are engineered to be strong, focusing on impact resistance. Common materials used include rubber and reinforced plastic, which provide durability and flexibility. These guards protect vehicles from fender benders and scratches while parking in confined spaces.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The increasing demand for luxury cars is notably driving market growth. The market has experienced significant growth due to the rising popularity of luxury vehicles. While numerous local manufacturers produce these protective accessories, high-quality bumper guards capable of enduring various weather conditions and effortlessly attaching and detaching are in high demand. Three primary materials are commonly used in the production of car bumper guards: plastic, rubber, and thick fabric. Rubber, a popular choice for premium automobiles, offers superior impact resistance.
However, rubber guards must be removed and reattached when driving, making them less convenient. In contrast, fabric bumper guards are more adaptable, easily conforming to a car's contours. Regardless of the material preference, consumers prioritize durability and ease of use when purchasing car bumper guards. Thus, such factors are driving the growth of the market during the forecast period.
The benefits of using car bumper guards is the key trend in the market. Car bumper guards play a crucial role in ensuring the safety and aesthetics of vehicles. These guards are designed to absorb the impact during collisions, thereby protecting the vehicle's body from damage. Weather-resistant car bumper guards are gaining popularity due to their durability and ease of installation. Car bumper guards are typically made of high-performance plastics, such as polypropylene, polyurethane, and polyvinyl chloride, which offer superior impact absorption and weight reduction compared to traditional materials like steel and rubber.
Moreover, the structure of these guards includes an inner aluminum or steel lateral beam, followed by a gas-filled cartridge, and an outer covering made of high-density polyethylene, featuring an egg-crate-shaped or honeycomb-styled design. The shift towards lightweight materials in automotive manufacturing is driving the demand for car bumper guards made of high-performance plastics. These guards not only contribute to the overall weight reduction of the vehicle but also improve its performance by enhancing fuel efficiency and reducing emissions. With the increasing focus on safety and environmental sustainability, car bumper guards are expected to remain a vital component of modern vehicles. Thus, such trends will shape the growth of the market during the forecast period.
The fluctuating costs of raw materials is the major challenge that affects the growth of the market. The car bumper guard market in the US faces challenges due to the unpredictable costs of essential raw materials, such as aluminum and steel. These fluctuations directly impact the production costs and profitability for manufacturers. For instance, price increases of up to 80% for these materials can significantly raise the cost of producing bumper guards. This volatility makes budgeting and financial planning challenging for companies, as they strive to maintain stable pricing strategies.
However, economic instability further complicates supply chain management, adding to the uncertainty. Manufacturers may struggle to pass these increased costs onto consumers due to market competition, potentially impacting profit margins. Brands offering aftermarket bumper guards and universal bumper guards, as well as those providing direct-fit options, are affected by these market dynamics. Hence, the above factors will impede the growth of the market during the forecast period.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
CUStomer Landscape
Companies are implementing varioUS strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Auto Metal Direct LLC - The company offers car bumper guards such as front and rear bumper guards for vintage and classic cars.
The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focUSed, indUStry-focUSed, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Car bumper guards have become essential protective components for vehicles, shielding them from minor damages such as scratches and dents during everyday use. These guards offer vital protection against fender benders in parking spaces and minor collisions caused by tailgating. They come in various forms, including stick-on bumper guards, truck-mounted bumper guards, and hitch-mounted bumper guards. Investing in high-quality bumper guards can save vehicle owners significant money in the long run by preventing the need for costly repairs. Material and thickness are crucial factors to consider when selecting a bumper guard, ensuring it provides adequate protection while remaining weather-resistant. Universal and direct-fit bumper guards cater to a wide range of vehicles, offering easy installation processes from trusted sources. Protective film is another alternative for those seeking additional coverage. Regardless of the chosen option, the resale value of a vehicle with well-maintained bumper guards remains higher than one without. When purchasing a bumper guard, consider the brand's reputation for producing reliable and durable products. Thickness and ease of installation are also essential factors to ensure a proper fit and long-lasting protection.
Market Scope |
|
Report Coverage |
Details |
Page number |
115 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.1% |
Market growth 2024-2028 |
USD 693.1 million |
Market structure |
Concentrated |
YoY growth 2023-2024(%) |
6.5 |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and IndUStry Risks |
Key companies profiled |
Auto Metal Direct LLC, Black Horse Off Road, Bumper Badger, Bumper Bully, BumperX, BumpTek, Goodmark IndUStries, Holley Performance Products, KNS Accessories Manufacturing Inc., Luv Tap INC., Parking Armor, Real Deal Steel LLC, and Road Armor |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for market forecast period |
CUStomization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments cUStomized. |
We can help! Our analysts can cUStomize this market research report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Vehicle Type
7 Market Segmentation by Distribution Channel
8 Customer Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
Get the report (PDF) sent to your email within minutes.
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.