Vehicle front end module market to show a CAGR of 6%
Market Analysis Market Research Future (MRFR) projects the global Vehicle front end module market to show a CAGR of 6% from 2022 to 2030 (forecast period). The Vehicle front end module market witnesses rising revenue. The market growth attributes to the rising demand for lightweight vehicles and technically advanced front-end modules. Standardized modular FEM allows the standard design to be used in multiple models, thus saving a considerable cost. Also, FEMs can be installed at the end of the assembly sequence, which saves time & cost during the manufacturing process of the vehicle. Several Factors Contributing to Market Growth Automotive front-end modules are multi-piece assemblies that incorporate many components such as forward lights, radiator, and colling fans, bumpers, air conditioning condensers, and others. The rising need for vehicle weight reduction and increasing demand for technically advanced light weight Vehicle front end module s are projected to drive deman