As per Persistence Market Research, the global automotive active grille shutter market is projected to reach a valuation of US$ 6.2 Bn by 2031, expanding at a CAGR of close to 8% throughout this period.
Benefits of active grille shutters include improving the aerodynamics and fuel efficiency of a vehicle. These shutters also provide benefits related to engine encapsulation, improved cold start, heat retention, and noise reduction. All these advantages are leading to rise in demand for automotive active grille shutters across geographies.
However, demand for automotive active grille shutters witnessed a dip in 2020 due to the COVID-19 pandemic. The pandemic caused lockdowns, and some of the most affected regions hosted major production plants. Due to this, the automotive industry, as well as demand for active grille shutters, saw a significant drop.
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FACTS AT A GLANCE
Companies: Magna International Inc.,Shape Corporation,SRG Global Inc. (Guardian Industries),Techniplas LLC,HBPI GmbH,Rochling Automotive,Valeo SA,Mirror Controls International,Sonceboz SA,Batz Group,Aisin Corporation,Yamaguichi Starlite Co., Ltd.,Keboda Chongquing Automotive Electronics Co., Ltd,Johnson Electric
Coverage: All major geographies and key segments
Segments: Automotive Active Grille Shutters Market Segmented By Horizontal AGS, Vertical AGS Shutter Vane Type in Passenger Vehicles, Light Commercial Vehicles, Heavy Commercial Vehicles
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Geographies: North America (U.S., Canada),Latin America (Mexico, Brazil, Argentina, Chile, Peru),Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe),CIS and Russia,Asia-Pacific (China, India, ASEAN, South Korea),Japan,Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)
Persistence Market Research recently published a report on the automotive active grille shutter market. The report provides detailed valuation on key market dynamics, such as the drivers, trends, opportunities, and restraints, along with detailed information about the market structure. This report presents exclusive facts and figures about how the market will grow over the forecast period of 2021 to 2031.
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Key indicators of market background, such as value chain analysis and supply chain, compounded annual growth rate (CAGR), and year-on-year (Y-o-Y) growth of the market are explained in Persistence Market Research’s study in a comprehensive manner. This information can help readers understand the quantitative development projections of the market over the forecast period.
The study is relevant for stakeholders in the market, as well as manufacturers, distributors, suppliers, and investors, as it can help them understand the applicable strategies to grow in the market. Stakeholders, investors, industry experts, researchers, and journalists, as well as business researchers in the automotive active grille shutter market can leverage the information and statistics presented in this research report.
The report includes facts and figures related to the macro- as well as micro-economic factors that are impacting market growth. The study also offers actionable insights based on the future trends in the market. Furthermore, regional players and new entrants in the market can also use the information presented in this report to make business decisions and gain momentum in this space.
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