Reports
Global Automotive Active Grille Shutter System Market: By Vehicle: Passenger Vehicle, Light Commercial Vehicle, Heavy Commercial Vehicle; By Vane; By Shutter; By Sales Channel; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics: SWOT Analysis; Competitive Landscape; Industry Events and Developments
Global Automotive Active Grille Shutter System Market Outlook
The global automotive active grille shutter system is expected to grow at a CAGR of about 3.90% in the forecast period of 2023-2028, driven by the rapid adoption of new technologies and high expenditure on product innovation.
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North America to be Among the Significant Regional Markets for Automotive Active Grille Shutter System
North America is likely to be one of the dominant global automotive active grille shutter markets owing to strict emission norms, rapid adoption of new technologies, increased consumer spending, and high expenditure on product innovation. The United States is likely to remain one of the most lucrative markets for automobile active grille shutters throughout the forecast period. Higher sales of vehicles with active grille shutters, such as various RAM 1500, Ford vehicles, and high-end premium automobiles from Cadillac and General Motors, among others, are the key factors supporting the market growth. The presence of significant radiator shutter assembly manufacturers and their effort in designing aesthetic vehicle models contribute to the market growth.
Europe is expected to remain the most significant automotive active grille shutter market during the forecast period. Stricter emission norms of the European Commission have led to faster adoption of active grille shutters into European vehicles. Ford Focus and Fusion, BMW 5 Series and 7 Series, Renault Twingo and Talisman, Citroen C4 Picasso, and Audi Q7 are key European models with active grille shutters. Also, consumer adaptation of electric vehicles, autonomous vehicles, and shared mobility further drives the market growth.
Market Segmentation
Automotive active grille shutter (AGS), also known as radiator shutter assemble, is a high-tech mechatronics system that uses real-time automatic opening and shutting technologies to control airflow. These technologies improve a vehicle's aerodynamics to reduce air friction and strain on the engine, resulting in increased fuel efficiency and lower emissions.
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The different vehicles in the market are:
- Passenger Vehicle
- Light Commercial Vehicle
- Heavy Commercial Vehicle
Based on vane, the market is segmented into:
- Horizontal Active Grille Shutters
- Vertical Active Grille Shutters
By shutter, the market is divided into:
- Visible Active Grille Shutters
- Non-Visible Active Grille Shutters
The different sales channels of the market are:
- OEMs
- Aftermarket
The regional markets for the automotive active grille shutter system industry can be divided into North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.
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Rising Automotive Production Augmenting the Market Growth
The global automotive active grille shutter industry growth is primarily driven by the rising automotive production and sales across the world. Increasing disposable incomes and a growing vehicle ownership rate will further amplify this demand. The factors driving the growth of the automotive active grille shutter (AGS) industry include a rise in demand for vehicles with higher fuel efficiency, the emphasis of automakers on achieving aerodynamic vehicle bodies to reduce air drag and increasing stringency vehicle emissions. The factor restraining the automotive active grille shutter market growth includes rising manufacturing costs due to the regulatory environment. The automotive industry is adopting technologies that lead to improvement in fuel economy and reduction in harmful emissions. Due to the increase in demand for better fuel economy and CO2 emissions, an active grille shutter (AGS) has been considered an option to increase fuel economy by reducing vehicle drag resistance. This has positively impacted the market for automotive active grille shutter (AGS).
Countries in the European Union and the United States are focused on achieving the emission level for passenger cars. Therefore, automakers are expected to integrate active grille shutters to comply with such regulations in their forthcoming vehicles. Manufacturers have expanded their manufacturing capabilities to new markets. They have also improved their research and development capabilities in partnership with automotive companies to produce goods that meet vehicle specifications.
Key Players in the Global Automotive Active Grille Shutter System Market
The report gives a detailed analysis of the following key players in the global automotive active grille shutter system market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Röchling SE & Co. KG
- Techniplas Group
- Magna International Inc.
- Valeo
- SRG Global Inc.
- HBPO GMBH
- Shape Corp.
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Vehicle |
|
| Breakup by Vane |
|
| Breakup by Shutter |
|
| Breakup by Sales Channel |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Automotive Active Grille Shutter System Market Analysis
8.1 Key Industry Highlights
8.2 Global Automotive Active Grille Shutter System Historical Market (2018-2022)
8.3 Global Automotive Active Grille Shutter System Market Forecast (2023-2028)
8.4 Global Automotive Active Grille Shutter System Market by Vehicle
8.4.1 Passenger Vehicle
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Light Commercial Vehicle
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.4.3 Heavy Commercial Vehicle
8.4.3.1 Historical Trend (2018-2022)
8.4.3.2 Forecast Trend (2023-2028)
8.5 Global Automotive Active Grille Shutter System Market by Vane
8.5.1 Horizontal Active Grille Shutters
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Vertical Active Grille Shutters
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.6 Global Automotive Active Grille Shutter System Market by Shutter
8.6.1 Visible Active Grille Shutters
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Non-Visible Active Grille Shutters
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.7 Global Automotive Active Grille Shutter System Market by Sales Channel
8.7.1 OEMs
8.7.1.1 Historical Trend (2018-2022)
8.7.1.2 Forecast Trend (2023-2028)
8.7.2 Aftermarket
8.7.2.1 Historical Trend (2018-2022)
8.7.2.2 Forecast Trend (2023-2028)
8.8 Global Automotive Active Grille Shutter System Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2022)
8.8.1.2 Forecast Trend (2023-2028)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2022)
8.8.2.2 Forecast Trend (2023-2028)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2022)
8.8.3.2 Forecast Trend (2023-2028)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2022)
8.8.4.2 Forecast Trend (2023-2028)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2022)
8.8.5.2 Forecast Trend (2023-2028)
9 North America Automotive Active Grille Shutter System Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Automotive Active Grille Shutter System Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Automotive Active Grille Shutter System Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Automotive Active Grille Shutter System Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Automotive Active Grille Shutter System Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Röchling SE & Co. KG
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Techniplas Group
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Magna International Inc.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Valeo
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 SRG Global Inc.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 HBPO GMBH
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Shape Corp.
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Others
17 Key Trends and Developments in the Market
List of Figures and Tables
1. Global Automotive Active Grille Shutter System Market: Key Industry Highlights, 2018 and 2028
2. Global Automotive Active Grille Shutter System Historical Market: Breakup by Vehicle (USD Million), 2018-2022
3. Global Automotive Active Grille Shutter System Market Forecast: Breakup by Vehicle (USD Million), 2023-2028
4. Global Automotive Active Grille Shutter System Historical Market: Breakup by Vane (USD Million), 2018-2022
5. Global Automotive Active Grille Shutter System Market Forecast: Breakup by Vane (USD Million), 2023-2028
6. Global Automotive Active Grille Shutter System Historical Market: Breakup by Shutter (USD Million), 2018-2022
7. Global Automotive Active Grille Shutter System Market Forecast: Breakup by Shutter (USD Million), 2023-2028
8. Global Automotive Active Grille Shutter System Historical Market: Breakup by Region (USD Million), 2018-2022
9. Global Automotive Active Grille Shutter System Market Forecast: Breakup by Region (USD Million), 2023-2028
10. North America Automotive Active Grille Shutter System Historical Market: Breakup by Country (USD Million), 2018-2022
11. North America Automotive Active Grille Shutter System Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Europe Automotive Active Grille Shutter System Historical Market: Breakup by Country (USD Million), 2018-2022
13. Europe Automotive Active Grille Shutter System Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Asia Pacific Automotive Active Grille Shutter System Historical Market: Breakup by Country (USD Million), 2018-2022
15. Asia Pacific Automotive Active Grille Shutter System Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Latin America Automotive Active Grille Shutter System Historical Market: Breakup by Country (USD Million), 2018-2022
17. Latin America Automotive Active Grille Shutter System Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Middle East and Africa Automotive Active Grille Shutter System Historical Market: Breakup by Country (USD Million), 2018-2022
19. Middle East and Africa Automotive Active Grille Shutter System Market Forecast: Breakup by Country (USD Million), 2023-2028
20. Global Automotive Active Grille Shutter System Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 3.90% between 2023 and 2028.
The major drivers of the market include strict emission norms, rapid adoption of new technologies, high expenditure on product innovation, consumer adaptation of electric vehicles, autonomous vehicles, increasing disposable incomes and a growing vehicle ownership rate.
Rising automotive production and rise in demand for fuel-efficient vehicles are the key industry trends propelling the market's growth.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The different vehicles in the market are passenger vehicles, light commercial vehicles, and heavy commercial vehicles.
The market is segmented into horizontal active grille shutters and vertical active grille shutters based on the vane.
The market is divided into visible active grille shutters and non-visible active grille shutters based on the shutter.
The different sales channels in the market are OEMs and aftermarket.
The major players in the global automotive active grille shutter system market are Röchling SE & Co. KG, Techniplas Group, Magna International Inc., Valeo, SRG Global Inc., HBPO GMBH, and Shape Corp., among others.
Analyst Review
The demand for fuel-efficient vehicles is driving the global automotive active grille shutter system market. Aided by the rapid adoption of new technologies and rising automotive production, the market is expected to witness further growth in 2023-2028, growing at a CAGR of 3.90%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. The different vehicles in the market are passenger vehicles, light commercial vehicles, and heavy commercial vehicles. The market is segmented into horizontal active grille shutters and vertical active grille shutters based on the vane. The market is divided into visible active grille shutters and non-visible active grille shutters based on the shutter. The different sales channels in the market are OEMs and aftermarket. The major regional markets for automotive active grille shutter systems are North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa. The key players in the global automotive active grille shutter system market are Röchling SE & Co. KG, Techniplas Group, Magna International Inc., Valeo, SRG Global Inc., HBPO GMBH, and Shape Corp., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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