The Active Grille Shutter Market was valued at USD 6.18 billion in 2021 and is expected to grow at a CAGR of 5.17% between 2022 and 2030.
The Active Grille Shutter is a progressive mechatronic system that uses automatic open and shut technology to control airflow in real-time. Active grille shutters are classified into two types: visible and non-visible. When the engine requires more airflow, the shutter begins the process. The system's integrated electronic control unit operates the shutter to detect turbulence at high speeds.
It contributes to reducing aerodynamic drag, which allows the engine to optimize its operating temperature, increases fuel efficiency by reducing aerodynamic drag, and thus reduces CO2 emissions. It is extensively used in the automotive industry to improve fuel economy and also reduce harmful emissions. When the air conditioning is set to the maximum capacity, the active grille shutter system opens the radiator air inlet at the front of the vehicle.
Market Dynamics
Drivers
Automotive active grille shutter systems are standard equipment for luxury and mid-level passenger and sports cars. Furthermore, as more models and new types of cars enter the market, demand for the automotive active grille shutter system is expected to rise significantly. Furthermore, the growing middle-class population base, rising household income levels, and increased urbanization will drive up vehicle sales, bolstering active grille shutter market growth.
Restraints
The high cost of technology associated with product production may limit market growth.
The market's main challenge is the high cost of an automotive active grille shutter system. In developing economies, consumers do not prefer a car equipped with an AGS system. Furthermore, low-segment vehicles use diffusers, underbody panels, and spoilers as a cost-effective way to control air drag. As a result of the high cost, low-segment vehicle consumers do not prefer the AGS system, limiting the growth of the active grille shutter market.
Key players:
• STARLITE Co. Ltd.
• Rochling Group
• HBPO GmbH
• Valeo
• Magna International Inc.
• Batz S. Coop
• Aisin Seiki Co. Ltd
• Keboda Technology Co., Ltd.
• Shape Corp.
• Techniplas LLC.
Market Segmentation:
Active Grille Shutter Market, By Vehicle
- Passenger
- Light Commercial
- Heavy Commercial
Active Grille Shutter Market, By Shutter
- Visible Automotive Active Grille Shutters
- Non-visible Automotive Active Grille Shutters
Active Grille Shutter Market, By Vane
- Horizontal Automotive Active Grille Shutters
- Vertical Automotive Active Grille Shutters
Active Grille Shutter Market, By Sales Channel
- Automotive Active Grille Shutters Sold through OEMs
- Automotive Active Grille Shutters Sold in Aftermarket
Active Grille Shutter Market, By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
Regional Analysis
The rapid adoption of new technologies, increased consumer spending, and high expenditure on product innovation, North America is likely to be one of the dominant global automotive active grille shutter markets. Throughout the forecast period, the United States is expected to remain one of the most lucrative markets for automobile active grille shutters. The key factors driving the market are increased sales of vehicles with active grille shutters, such as various RAM 1500, Ford vehicles, and high-end premium automobiles from Cadillac and General Motors. The presence of significant radiator shutter assembly manufacturers and their efforts in designing aesthetically pleasing vehicle models contribute to active grille shutter market growth.
During the forecast period, Europe is expected to remain the second-largest automotive active grille shutter market. The European Commission's stricter emission standards have accelerated the adoption of active grille shutters in European vehicles. Key European models with active grille shutters include the Ford Focus and Fusion, BMW 5 Series and 7 Series, Renault Twingo and Talisman, Citroen C4 Picasso, and Audi Q7. Additionally, consumer adoption of electric, autonomous, and shared mobility drives market growth.
Scope of the Report:
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Report Coverage |
Details |
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Base year |
2021 |
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Forecast period |
2022-2030 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.17% |
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YoY growth (%) |
XX% |
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Regional analysis |
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Current Market size |
USD 6.18 Billion |
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Companies Covered |
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User
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Introduction
Our market research is an extensive, iterative process that takes into account a combination of primary and secondary research tools with the aim of minimizing deviation and producing the most precise estimate and prediction. For the future course of action, this approach meticulously outlines the actual changes and industry trends. It gives incredibly valuable data that is drawn from the insights and opinions of analysts and professionals. Our papers include in-depth research and analysis based on several factual inputs obtained from expert interviews, accurate data, and local information.
Market Size Estimation
The overall size of the market has been estimated and validated using both top-down and bottom-up methods. The sizes of other market subsegments have also been thoroughly estimated using these methodologies.
In the top-down technique, the market is divided into segments based on the percentage share of each segment. This method assisted in determining the size of each segment's market. The market size of each segment and its sub-segments was then divided into regional market sizes. This Approach helps mainly with the new Product Launch. It uses Multi-variate Regression Model coupled with Vendor based primary research inputs to forecast to the Market Size.
In the Bottom-Up approach, comprehensive study of key players has to be done wherein we add the market size of the major key players to understand the national market size which helps to determine the regional market size and eventually the complete market size. Companies annual report along with data from paid and unpaid resources like reports from government agencies and organizations like world bank provide the data for this approach.
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