Market Size of United States Car Bumper Guard Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | > 8.00 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
US Car Bumper Guard Market Analysis
The US car bumper guard market is anticipated to register a CAGR of about 8% during the forecast period (2020-2025).
- Luxury cars are very expensive to fix after a minor collision. Although rapidly developing technologies, such as sensors and cameras, are available in the current market, the demand for additional guards that protect the bumper has increased.
- With the increasing demand, manufacturers are also focusing on developing better products that can withstand the impact, thereby, reducing (eliminating) the costs incurred after a collision.
- An average bumper repair cost in the United States is estimated to be USD 1,200, and this can even go higher, based on the component's color.
- The increasing number of vehicles and rising road traffic have created further demand for bumper protectors.
US Car Bumper Guard Industry Segmentation
The report on the US car bumper guard market covers the latest trends and technological developments. It also provides an analysis of the market demand, by vehicle type and sales channel type.
Vehicle Type | |
Passenger Car | |
Commercial Vehicle |
Sales Channel Type | |
Online | |
Offline |
United States Car Bumper Guard Market Size Summary
The US car bumper guard market is experiencing significant growth, driven by the increasing demand for protection against minor collisions, particularly in luxury vehicles where repair costs can be substantial. As road traffic and the number of vehicles on the road continue to rise, the need for effective bumper protectors has become more pronounced. Manufacturers are responding by developing advanced products designed to absorb impact and reduce repair expenses. The market is also benefiting from the rise of e-commerce, with many consumers purchasing bumper guards online, attracted by the convenience and potential discounts offered by various suppliers. However, challenges such as size fitting and product quality discrepancies between online representations and actual products remain concerns for consumers.
The market is characterized by a diverse range of products made from materials like plastic, rubber, and thick fabric, each offering different levels of protection and flexibility. Rubber bumper guards are particularly popular for luxury cars due to their durability, although they require removal when the vehicle is in motion. Fabric guards provide better adaptability to the car's shape. The market is competitive, with key players such as Luv-Tap, Bumper Badger, Parking Armor, and Bumper Bully leading the industry. These companies offer products that cater to various consumer preferences, with no significant brand loyalty observed, as buyers tend to prioritize coverage and price over brand distinction.
United States Car Bumper Guard Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Industry Attractiveness - Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Vehicle Type
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2.1.1 Passenger Car
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2.1.2 Commercial Vehicle
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2.2 Sales Channel Type
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2.2.1 Online
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2.2.2 Offline
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United States Car Bumper Guard Market Size FAQs
What is the current United States Car Bumper Guard Market size?
The United States Car Bumper Guard Market is projected to register a CAGR of greater than 8% during the forecast period (2024-2029)
Who are the key players in United States Car Bumper Guard Market?
Luv-Tap, Bumper Badger, Parking Armor and Bumper Bully are the major companies operating in the United States Car Bumper Guard Market.