Grille Guard Market – Global Industry Analysis and Forecast (2023-2029)

Grille Guard Market was valued at US$ 3.74 Bn. in 2022. The Global Grille Guard Market size is expected to grow at a CAGR of 6.43 % through the forecast period.
Grille Guard Market Overview:
The grill guard is an aluminium alloy or metal frame which is installed on the front of the vehicle to protect the vehicle from external factors. The shape & design of the grill guard will protect the grill. Grill protectors are car accessories designed to deflect & absorb shocks to reduce damage and protect the vehicle. In addition, the grill protects the vehicle from scratches and other minor damage caused by tall grass, rocks, and various other degrading factors thrown by other vehicles. The grill guard gives the vehicle desired rugged look.

It is estimated that vehicle owners installing grill guards to protect them from obstacle damage will create growth opportunities for the automotive grill guard market. The trend for off-road vehicles will drive market growth. For a more stylish look, the car owners are looking towards the Grille Guards. Currently, car OEMs also have grill guards on their original vehicle models, but product sales are being observed through aftermarket sales. Due to its durability, the replacement rate of the grille guard is expected to be moderate but adding new vehicles on the road offsets the constraints on market growth. To know about the Research Methodology:-Request Free Sample Report
Grille Guard Market Dynamics:
Drivers for the Grille Guard Market:

1. Increased demand for automotive accessories: The grill guard adds a sturdy aesthetic to the vehicle by protecting the car's headlights, auxiliary lamp brackets, & wrenches. The Automotive is expecting growth at a CAGR of 4.5% through the forecasted period. Demand for automotive accessories is also increasing & it will be more during the forecast period. The Automotive accessories market has reached 522 Bn in the year 2022. Customers are focusing on the improvement of the looks of their vehicles & this trend is Driving Market Growth.

2. Rising need of protecting the automotive from external factors: In rural & mountainous areas, there are many obstacles on the road, including branches, wild animals, etc. It can damage the bumper, headlights, & even the radiator of the vehicle. The installation of grill guards by vehicle owners is estimated to create market growth opportunities to protect themselves from damage caused by such obstacles.

3. High Demand for Off-road vehicles: Grille Guards are commonly used on trucks & off-road vehicles to protect the front part of the vehicle from obstacles. The demand for off-road vehicles increasing. The market size for off-road vehicles in the year 2022 was 13.2 Bn & is expected to grow at a CAGR of 7.3% through the forecasted period.

4. Increased Disposable Income: Increasing disposable income is another major factor which is driving market growth. An increase in disposable income enables the customer to save more money & to spend on things that will improve their lifestyle. This impacts the increasing sales of off-road vehicles & adventure sports participation by the people.

Constraints for the Grille Guard Market:

 Low Replacement Rate: The Grille Guards protect the vehicle from external objects. They are easy to install on the vehicle & very useful but the main constraint about the Grille Guards is the replacement rate is very low. After Installing they are having a long life & they don’t need to be replaced within a short time. This is holding back the growth of the market.
Grille Guard Market Segment Analysis:
Based on Type, the market is segmented by Material Types, Polyester Grille Guards, Polypropylene (PP) Grille Guards, Steel Grille Guards, & Aluminium Grille Guards.

Steel Guards are more commonly used for Grille Guards because of its high strength, which protects automobiles from external causes. The Polyester & Polypropylene grille guards have the advantage of low weight and good strength. Due to their low weight than the steel or aluminium guards they do not add more weight to the vehicle.

Around 21.8 Mn Heavy buses, Light commercial vehicles, & Trucks were manufactured in the year 2022. Light commercial vehicles dominate the market share with 79% in commercial vehicle production. The passenger vehicle market is expected to reach 1988 Bn at a CAGR of 8% during the forecasted period. The Grille Guards are majorly installed on the trucks & commercial vehicles. Commercial vehicles dominate the segment. The Trucks are majorly installed with the Grille Guards to prevent the vehicles from external factors.
Grille Guard Market Regional Overview:
The North American region dominated the market with a 50 % share in the year 2022 and is expected to witness significant growth at a CAGR of 6.8% through the forecast period. In North America, increased production of commercial vehicles & increased adoption of off-road vehicles are expected to have a positive impact on grill guard sales. It dominates the market of off-road vehicles with around 51%. The Market size of off-road vehicles in this region is valued at around 6.3 Bn. The region is expected to grow due to population growth, per capita income, & improved living standards. The growing demand for convenient features in vehicles & fuel-efficient vehicles is accelerating the growth of the automotive Grill Guard market.

South Asia & East Asia are expected to become emerging regions of the global grill protection market due to increased globalization & industrialization activities in their respective regions. The APAC region is expected to grow at a CAGR of 8.6% through the forecasted period in the off-road vehicle market which will be driving the Grille Guard Market in this region. The shift in industrial production to Asia, particularly China, has opened up trade channels & boosted the logistics business, as well as indirectly commercial vehicles. The need for LCVs will rise as the logistics & e-commerce markets grow fast. As a result, demand for protective Grille Guards will rise & propelling the market northward.

The objective of the report is to present a comprehensive analysis of the global Grille Guard Market to the stakeholders in the industry. The past and status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Grille Guard Market dynamic, and structure by analyzing the market segments and projecting the Grille Guard Market size. Clear representation of competitive analysis of key players by Vehicle type, price, financial position, product portfolio, growth strategies, and regional presence in the Grille Guard Market make the report investor’s guide.
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Global Grille Guard Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 3.74 Bn.


Forecast Period 2023 to 2029 CAGR:
6.43%
Market Size in 2029:
US $ 5.79 Bn.


 Segments Covered:
by Material Type
Polyester Grille Guards
Polypropylene (PP) Grille Guards
Steel Grille Guards
Aluminum Grille Guards.


by Guard Type
Full Grille Guard
Center Grille Guard
Sports Bars & Nudged Bars
Skid Plates
Rear Bumper Guards
Tail Light Guards


by Vehicle Type
Passenger Vehicle
Commercial Vehicle
Light Commercial Vehicle
Heavy Commercial Vehicle



Grille Guard Market by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Grille Guard Market Key Players
1. CURT Manufacturing LLC
2. Onki Corporation
3. Armordillo USA
4. Go Rhino
5. SteelCraft
6. Tuff-Bar
7. Frontier Truck Gear
8. Broadfeet
9. Luverne
10.Mailand Auto Accessories
11.Westin Automotive
12.Aries Automotive
13.Ranch Hand
14.Black Horse off-road
15.Tyger
16.TAC
17.Trident

Frequently Asked Questions:

1] What segments are covered in the Global Grille Guard Market report?
Ans. The segments covered in the Grille Guard Market report are based on Material Type, Guard Type, and Vehicle Type.

2] Which region is expected to hold the highest share in the Global Grille Guard Market?
Ans. The North American region is expected to hold the highest share in the Grille Guard Market.

3] What is the market size of the Global Grille Guard Market by 2029?
Ans. The market size of the Grille Guard Market by 2029 is expected to reach US$ 5.79 Bn.

4] What is the forecast period for the Global Grille Guard Market?
Ans. The forecast period for the Grille Guard Market is 2023-2029.

5] What was the market size of the Global Grille Guard Market in 2022?
Ans. The market size of the Grille Guard Market in 2022 was valued at US$ 3.74 Bn.