Advancements in automobile technology for better performance and improved fuel efficiency to drive global active grille shutter market
According to TechSci Research report, “Global Active Grille Shutter Market By Shutter Type, By Vehicle Type, By Vanes Type, By Region, Competition Forecast & Opportunities, 2025”, the global active grille shutter market is forecast to surpass $ 1.9 billion by 2025. Major factors responsible for the growth of active grille shutters market include increase in fuel efficiency of vehicles and reduced carbon dioxide emissions. Moreover, active grille shutter is an important component which improves the aerodynamics of a vehicle, which further enhances the looks, speed and handling of the vehicle. North America holds the highest market share owing to higher sales of premium vehicles compared to other regions, and the region is expected to hold its dominance in the global automotive active grille shutter market during the forecast period as well attributable to the fact that the region is expected to witness rising sales of premium vehicles on a y-o-y basis until 2025. Asia-Pacific is expected continue its position as the second largest market for active grille shutter market, followed by Europe.
Browse 120 market data Figures spread through 120 Pages and an in-depth TOC on "Global Active Grille Shutter Market"
Global active grille shutter market can be further segmented into shutter type, vehicle type, vanes type, and region. In terms of vanes type, the market can be segmented into horizontal vanes type and vertical vanes, among which, horizontal vanes type accounted for the largest market share in 2019 and the segment is expected to maintain its leading market position during the forecast period as well. Furthermore, under the shutter type segment, non-visible active grille shutter type dominates the global active grille shutter market as they are easy to place behind the grille and offer better aerodynamics as compared to visible active grille shutter.
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Valeo, Johnson Electric, Shape Corporation, SRG Global, Magna International, HBPO Gmbh, Brose Fahrzeugteile GmbH & Co. KG, Coburg, Starlite Co, Techniplas LLC., etc., are few of the leading players operating in the global active grille shutter market. “Due to various advantages offered by active grille shutters such as improved fuel efficiency and aerodynamics for better vehicle performance, the demand for vehicles equipped with active grille shutter is expected to increase over the next few years. Thus, over the coming years, the global market for active grille shutters is anticipated to witness robust growth, especially in Asia-Pacific and North America,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Global Active Grille Shutter Market By Shutter Type, By Vehicle Type, By Vanes Type, By Region, Competition Forecast & Opportunities, 2025” has evaluated the future growth potential of global active grille shutter market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in the global active grille shutter market.
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