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 |
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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.
