Car bumper guard market to exceed $5.3 billion by 2034 with growth driven by urbanization

From GlobeNewswire: 2025-01-08 07:30:00

The car bumper guard market is set to hit USD 5.3 billion by 2034, driven by urbanization and vehicle protection awareness. Bumper guards are increasingly popular for compact cars and SUVs in crowded urban areas. Plastic guards dominate the market due to affordability and fuel efficiency benefits, with Asia-Pacific showing significant growth potential.

The market’s growth is fueled by increasing urbanization and parking challenges, as well as rising consumer concerns about vehicle appearance. Plastic bumper guards hold a 55% market share due to their affordability and flexibility. The Asia-Pacific region is expected to reach a market value of USD 50 billion by 2034, driven by high vehicle ownership and online retail trends.

The passenger vehicle segment holds an 82% market share, with sedans, hatchbacks, and SUVs driving demand in urban areas. Plastic bumper guards are preferred for their cost-effectiveness and lightweight nature. The market is segmented based on material types, with plastic, rubber, metal, and composite options available. Plastic guards remain popular for their accessibility and eco-friendly advantages.

Global Market Insights Inc. offers comprehensive industry reports and consulting services, providing strategic insights for key industries. Their research methodology delivers actionable market data for sectors like chemicals, technology, and renewable energy. The car bumper guard market is expected to see continued growth, driven by urbanization, vehicle protection trends, and material innovations.



Read more at GlobeNewswire: Car Bumper Guard Market to cross $5.3 Bn by 2034, Says