Market Overview:
The global active grille shutter market is estimated to be valued at US$ 1,362.8 Mn in 2018 and is projected to reach US$ 3,711.4 Mn by 2030, registering a CAGR of 13.9% from 2018 to 2030. The market is segmented on the basis of type (visible, non-visible), application (passenger vehicle, light commercial vehicle, heavy commercial vehicle) and region (North America, Latin America, Europe Asia Pacific and Middle East & Africa). On the basis of type , the visible active grille shutter segment is expected to account for a larger share of the global active grille shutter market in 2018. This segment is expected to register a CAGR of 14% during the forecast period owing to increasing demand for fuel-efficient vehicles across the globe . The non-visible active grille shutter segment is projected to grow at a higher rate than that of visible active grille shutters over the forecast period . On account o f th e high efficiency offered by these shutters in terms o f fuel economy as well as weight savings potentials over their counterparts , this segm ent i s expec ted t o witness rapid adoption rates in forthcoming years . Passenger vehicles are anticipated t o dominate th e global activ e grill shu tter ma rket with respect t o volume durin g th e forecas t perio d .
Product Definition:
Active grille shutters are a type of vehicle air dam that helps improve fuel economy by controlling airflow through the engine compartment. They are usually open when the car is moving and closed when it is stopped, to keep air from flowing into the engine and cooling it down.
Visible:
Visible is an intelligent parking guidance system that helps drivers in finding available parking spaces. It uses sensors to scan the vehicle's surroundings and displays all the open spaces on an LCD screen. The more visible spots are sensing, the better it gets along with its learning process, and henceforth can provide a better estimation of open spots in comparison to other systems available out there in the market.
The global active grille shutters market was valued at USD 648 million in 2016.
Non-Visible:
Non-Visible (NV) is a technology that helps to reduce heat loss from windows and doors. It does this by using sensors to detect the infrared radiations coming off the objects outside of the vehicle. The system then uses this information to calculate how much light or heat should be reflected back into the car, thus reducing any glare or reflection on screen and improving visibility while driving at night or in bad weather conditions.
Application Insights:
Passenger vehicle application was the largest segment in 2016 and is expected to continue its dominance over the forecast period. The product has several advantages, such as improved safety by reducing driver fatigue and improving vision while driving. Furthermore, grille shutters for passenger vehicles can be easily installed and removed due to their design which enhances customer satisfaction. These factors are anticipated to drive demand over the forecast period.
The light commercial vehicle application segment is expected to witness significant growth owing to increasing concerns regarding cargo safety coupled with a rise in demand for lightweight vehicles that offer enhanced fuel efficiency across various regions globally. In addition, rising awareness regarding road safety coupled with an increase in focus on aesthetic features of lorries is further anticipated to propel market growth over the coming years.
Regional Analysis:
North America dominated the global active grille shutter market in 2017. The region is expected to witness a considerable growth rate of 5.9% over the forecast period, owing to increasing demand for advanced driver assistance systems (ADAS) and safety technologies in passenger cars and light commercial vehicles. Moreover, rising adoption of electric vehicles is also anticipated to propel regional product demand over the forecast period.
The Asia Pacific market was valued at USD X million in 2017 and is projected to grow at a significant CAGR from 2018 to 2030 due high vehicle penetration rates coupled with growing consumer awareness regarding road safety across emerging economies such as India and China. Furthermore, supportive government initiatives aimed at reducing vehicular emissions are also expected drive regional product demand over the next eight years time frame).
Growth Factors:
- Increasing demand for fuel-efficient vehicles: The global Active Grille Shutter market is expected to grow at a significant pace in the next few years, owing to the increasing demand for fuel-efficient vehicles. This is mainly because of the rising concerns over environmental pollution and climate change.
- Rising disposable income: Another key factor that is expected to drive the growth of the global Active Grille Shutter market is rising disposable income across regions. With an increase in purchasing power, consumers are likely to invest in advanced technologies such as active grille shutters, which offer better fuel efficiency and performance than traditional technologies.
- Stringent emission norms: Stringent emission norms being implemented by various governments around the world are also anticipated to drive growth of the global Active Grille Shutter market during the forecast period. These norms are aimed at reducing vehicular emissions and improving air quality, which will indirectly benefit active grille shutter manufacturers and suppliers operating in this market space.
Scope Of The Report
Report Attributes
Report Details
Report Title
Active Grille Shutter Market Research Report
By Type
Visible, Non-Visible
By Application
Passenger Vehicle, Light Commercial Vehicle, Heavy Commercial Vehicle
By Companies
Rochling Group, Valeo, Magna International, SRG Global, Batz, S.Coop, HBPO GmbH, Techniplas, Brose Fahrzeugteile, Coburg, Rochling Group, Keboda, STARLITE, Aisin Seiki
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
130
Number of Tables & Figures
91
Customization Available
Yes, the report can be customized as per your need.
Global Active Grille Shutter Market Report Segments:
The global Active Grille Shutter market is segmented on the basis of:
Types
Visible, Non-Visible
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Vehicle, Light Commercial Vehicle, Heavy Commercial Vehicle
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Rochling Group
- Valeo
- Magna International
- SRG Global
- Batz
- S.Coop
- HBPO GmbH
- Techniplas
- Brose Fahrzeugteile
- Coburg
- Rochling Group
- Keboda
- STARLITE
- Aisin Seiki
Highlights of The Active Grille Shutter Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Visible
- Non-Visible
- By Application:
- Passenger Vehicle
- Light Commercial Vehicle
- Heavy Commercial Vehicle
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Active Grille Shutter Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Active Grille Shutter is a technology that helps to reduce wind noise while driving. It uses a sensor to detect when the car is moving and then opens or closes the grille shutter accordingly.
Some of the key players operating in the active grille shutter market are Rochling Group, Valeo, Magna International, SRG Global, Batz, S.Coop, HBPO GmbH, Techniplas, Brose Fahrzeugteile, Coburg, Rochling Group, Keboda, STARLITE, Aisin Seiki.
The active grille shutter market is expected to register a CAGR of 13.9%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Active Grille Shutter Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Active Grille Shutter Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Active Grille Shutter Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Active Grille Shutter Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Active Grille Shutter Market Size & Forecast, 2018-2028
4.5.1 Active Grille Shutter Market Size and Y-o-Y Growth
4.5.2 Active Grille Shutter Market Absolute $ Opportunity
Chapter 5 Global Active Grille Shutter Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Active Grille Shutter Market Size Forecast by Type
5.2.1 Visible
5.2.2 Non-Visible
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Active Grille Shutter Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Active Grille Shutter Market Size Forecast by Applications
6.2.1 Passenger Vehicle
6.2.2 Light Commercial Vehicle
6.2.3 Heavy Commercial Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Active Grille Shutter Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Active Grille Shutter Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Active Grille Shutter Analysis and Forecast
9.1 Introduction
9.2 North America Active Grille Shutter Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Active Grille Shutter Market Size Forecast by Type
9.6.1 Visible
9.6.2 Non-Visible
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Active Grille Shutter Market Size Forecast by Applications
9.10.1 Passenger Vehicle
9.10.2 Light Commercial Vehicle
9.10.3 Heavy Commercial Vehicle
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Active Grille Shutter Analysis and Forecast
10.1 Introduction
10.2 Europe Active Grille Shutter Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Active Grille Shutter Market Size Forecast by Type
10.6.1 Visible
10.6.2 Non-Visible
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Active Grille Shutter Market Size Forecast by Applications
10.10.1 Passenger Vehicle
10.10.2 Light Commercial Vehicle
10.10.3 Heavy Commercial Vehicle
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Active Grille Shutter Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Active Grille Shutter Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Active Grille Shutter Market Size Forecast by Type
11.6.1 Visible
11.6.2 Non-Visible
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Active Grille Shutter Market Size Forecast by Applications
11.10.1 Passenger Vehicle
11.10.2 Light Commercial Vehicle
11.10.3 Heavy Commercial Vehicle
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Active Grille Shutter Analysis and Forecast
12.1 Introduction
12.2 Latin America Active Grille Shutter Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Active Grille Shutter Market Size Forecast by Type
12.6.1 Visible
12.6.2 Non-Visible
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Active Grille Shutter Market Size Forecast by Applications
12.10.1 Passenger Vehicle
12.10.2 Light Commercial Vehicle
12.10.3 Heavy Commercial Vehicle
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Active Grille Shutter Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Active Grille Shutter Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Active Grille Shutter Market Size Forecast by Type
13.6.1 Visible
13.6.2 Non-Visible
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Active Grille Shutter Market Size Forecast by Applications
13.10.1 Passenger Vehicle
13.10.2 Light Commercial Vehicle
13.10.3 Heavy Commercial Vehicle
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Active Grille Shutter Market: Competitive Dashboard
14.2 Global Active Grille Shutter Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Rochling Group
14.3.2 Valeo
14.3.3 Magna International
14.3.4 SRG Global
14.3.5 Batz
14.3.6 S.Coop
14.3.7 HBPO GmbH
14.3.8 Techniplas
14.3.9 Brose Fahrzeugteile
14.3.10 Coburg
14.3.11 Rochling Group
14.3.12 Keboda
14.3.13 STARLITE
14.3.14 Aisin Seiki
