Global Active Grille Shutter Market (AGS) (by Vehicle Type (Passenger Vehicle, LCV, and M&HCV) –by Shutter Vanes Type (Horizontal AGS, and Vertical AGS) –by Shutter Type (Visible AGS, and Non-Visible AGS) –by Sales Channel (OEM, and Aftermarket) –By Region (North America, Europe, Asia Pacific, Middle East & Africa and Latin America)) – is expected to reach US$ 4.54 Bn by 2026, at a CAGR of 2.98%.
Active grill shutters open and close automatically to control the flow of air, it opens at the time when engine requires additional air flow otherwise it remains closed. It reduces the aerodynamic drag; owing to this, the engine can quickly reach to its optimum operating temperature. Rise in demand for fuel-efficiency among consumers and stringent emission norms enacted by regulatory bodies in order to reduce emission impact on the environment are likely to drive the active grill shutters market for automotive during the forecast period. Moreover, high cost and less penetration of active grill shutters in developing regions are anticipated to hamper the active grill shutters market during the forecast period.
Passenger vehicle is anticipated to remain the growth engine of the global automotive active grille shutter market during the forecast period
In terms of vehicle, passenger vehicle is anticipated to remain the growth engine of the global automotive active grille shutter market during the forecast period. Rise in production of passenger vehicle coupled with increasing penetration of AGS in passenger vehicle models is likely to elevate the demand for AGS in the passenger vehicle segment.
Horizontal vane-based active grille shutter is anticipated to remain most dominant type in the global automotive active grille shutter market during the forecast period
In terms of shutter vanes type, the automotive active grille shutter market is segregated as Horizontal AGS and Vertical AGS. Horizontal vane-based active grille shutter is anticipated to remain most dominant type in the global automotive active grille shutter market during the forecast period. Both horizontal, as well as vertical vane segments, are likely to witness healthy growth rates over the next few years.
OEM segment is hold the major share of the automotive active grill shutter market
In terms of sales channel, the automotive active grill shutter market can be categorized into two segments among which OEM segment is hold the major share of the automotive active grill shutter market. There are few big OEMs who are manufacturing active grill shutters. OEM provide active grill shutters with top-end vehicles to develop the efficiency and economy of the vehicle.
North America is anticipated to hold a significant share of the market during the forecast period
In terms of region, North America is anticipated to hold a significant share of the market during the forecast period due to the high rate of adoption of active grill shutters in premium and luxury vehicles in order to enhance fuel efficiency and reduce carbon emission. Europe and Asia Pacific are anticipated to show significant growth over the forecast period on the automotive grill shutter market during the forecast period.
This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading manufacturers such as Rochling Automotive, Magna International Inc., Valeo SA, SRG Global, HBPO, and Shape Corporation.
Maximize market research, a global market research firm with dedicated team of specialists and data has carried out extensive research about the Global Active Grille Shutter Market (AGS). Report encompasses the market by different segments and region, providing the in-depth analysis of overall industry ecosystem, useful for taking informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Global Active Grille Shutter Market (AGS). The driving forces as well as considerable restraints have been explained in depth. In addition to this, competitive landscape describing about the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Global Active Grille Shutter Market (AGS) positioning of competitors.
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