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Active Grille Shutter Market

Active Grille Shutter Market Forecasts to 2028 – Global Analysis By Type (Polypropylene (PP), Polycarbonate (PC), Polyester), Vane Type (Vertical, Horizontal), Vehicle Type (Passenger Vehicle, Commercial Vehicle) and By Geography

4.2 (31 reviews)
Published: November 2021 ID: SMRC21134
4.2 (31 reviews)
Published: November 2021 ID: SMRC21134

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Active Grille Shutter Market is accounted for $3.60 billion in 2020 and is expected to reach $6.04 billion by 2028 growing at a CAGR of 6.7% during the forecast period. Factors such as increasing in consumer demand for fuel-efficient vehicles and stringent emission norms are driving the growth of the market. However, high cost of active grill shutters is hampering the growth of the market.

Active grille shutter is a system that operates to control airflow through the radiator. It opens at lower speeds to help keep the engine cool and closes at higher speeds to help reduce drag, which improves the vehicle's fuel efficiency. Active grill shutters are mostly manufactured from lightweight reinforced thermoplastics, resulting in weight reduction and improved aerodynamic performance.

Based on the vehicle type, the passenger vehicle segment is anticipated to expand at a rapid pace during the forecast period due to the increasing demand for luxury vehicles and the high rate of innovation in passenger cars. By geography, North America is going to have high growth during the forecast period which can be attributed to the rising demand for fuel-efficient vehicles and stringent government regulations across the region.

Some of the key players profiled in the Active Grille Shutter Market include Valeo, Magna International Inc., Rochling Group, Aisin Seiki Co., Ltd, Techniplas, LLC, Batz Group, Shape Corp., HBPO GmbH, STARLITE Co., Ltd., Keboda, and SRG Global. 

Report Coverage

Details

Published Year:

2021

Estimated Market Size in 2020:

USD 3.60 billion

Estimated Period:

2020

Compound Annual Growth Rate (CAGR)  from 2020 to 2028:

6.7%

Predicted 2028 Value:

USD 6.04 billion

Forecast Years:

2021-2028

Tables, Graphs & Figures

120

Chapters Covered:

Shutter Type, Type, Vane Type, Vehicle Type, Sales Channel, and Region

Core Drivers and Opportunities:

  • Stringent emission norms
  • Rising vehicle sales
  • Technological advancements

Restraining Factors & Market Threats:

  • High cost of active grill shutters
  • Availability of alternative solutions


Shutter Types Covered:
• Visible
• Non-Visible

Types Covered:
• Polypropylene (PP)
• Polycarbonate (PC)
• Polyester   

Vane Types Covered:
• Vertical
• Horizontal

Vehicle Types Covered:
• Passenger Vehicle
• Commercial Vehicle

Sales Channels Covered:
• Original Equipment Manufacturer (OEM)
• Aftermarket

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

 

Key Questions Answered In The Report

The Global Active Grille Shutter Market is majorly driven by the increasing in consumer demand for fuel-efficient vehicles and stringent emission norms.

The non-visible segment is growing at a highest CAGR owing to its ability to enhance the aesthetic appearance of the front grille.

Europe dominated with a significant market share due to the increasing demand for fuel-efficient vehicles and increasing disposable income of consumers.

North America market is growing at a highest CAGR owing to the presence of major automotive manufacturers in the region.

Key players in Active Grille Shutter Market include Valeo, Magna International Inc., Rochling Group, Aisin Seiki Co., Ltd, Techniplas, LLC, Batz Group, Shape Corp., HBPO GmbH, STARLITE Co., Ltd., Keboda, and SRG Global.

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