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The automotive active grille shutter market is projected to grow by 3160.81 thousand units with a CAGR of 4.16% during the forecast period 2021 to 2026.
This automotive active grille shutter market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the automotive active grille shutter market segmentation by application (passenger cars and commercial vehicles) and geography (Europe, North America, APAC, South America, and the Middle East and Africa). The automotive active grille shutter (AGS) market report also offers information on several market vendors, including Aisin Corp., Batz Group, Brose Fahrzeugteile SE and Co. KG, COMPAGNIE PLASTIC OMNIUM SE, Flex Ltd., Ford Motor Co., General Motors Co, Johnson Electric Holdings Ltd, Magna International Inc., Rochling SE and Co. KG, Shape Corp., SONCEBOZ SA, SRG Global Inc., Starlite Co. Ltd., Techniplas LLC, Tesla Inc., TONG YANG GROUP, Toyoda Gosei Co Ltd, Valeo SA, and Wirthwein AG among others.
Download Report Sample to Unlock the Automotive Active Grille Shutter Market Size for the Forecast Period and Other Important Statistics
Our researcher studied the historical data for years, with 2021 as the base year and 2022 as the estimated year, and produced drivers, trends, and challenges for the automotive active grille shutter market. During the COVID-19 pandemic, the demand for the automotive active grille shutter market was impacted significantly, but a holistic analysis of drivers will help in predicting exact demands and refining marketing strategies to gain a competitive advantage.
Key Automotive Active Grille Shutter Market Driver
The adoption of new or improved emission standards is one of the key drivers supporting the automotive active grille shutter (AGS) market growth. Enforcement of stringent emission norms has necessitated the use of automotive AGS. In most of the major automotive markets, such as the US, the UK, China, and India, Euro 6 emission standards or country-specific equivalents are expected to be implemented during the forecast period. Therefore, the introduction of new emission standards or the modification of existing standards requires automotive component manufacturers to be proactive in adopting technologies in line with these standards. Hence, the adoption of new or improved emission standards mandates the incorporation of new or advanced technologies, which will have a positive impact on the growth of the market during the forecast period.
Key Automotive Active Grille Shutter Market Trend
The use of advanced active grille shutters to reduce CO2 emissions from vehicles is one of the key automotive active grille shutter (AGS) market trends contributing to market growth. Aerodynamics plays an important role in reducing emissions in modern vehicles. Earlier developments allowed vents to attain only two states, namely open and shut. Modern active grille systems have multiple states as per the situation monitored by the ECU. The automation of the system keeps the vents closed for as long as possible while starting from cold, which allows the engine to reach its most efficient operating temperature in a short time. This, in turn, will propel market growth in the near future.
Key Automotive Active Grille Shutter Market Challenge
The ongoing slowdown of the economy in China is one of the factors hindering the automotive active grille shutter (AGS) market growth. The outbreak of COVID-19 in China in 2019 caused a slowdown in the economy of the country as restrictions such as lockdowns were in place, due to which manufacturing and production activities of many industries were halted. Thus, the production of lightweight components also was impacted, which, in turn, negatively affected the demand for components such as AGS.
This automotive active grille shutter market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global automotive active grille shutter market as a part of the global automotive components and accessories market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the automotive active grille shutter market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the automotive active grille shutter (AGS) market encompasses successful business strategies deployed by the key vendors. The automotive active grille shutter (AGS) market is fragmented, and the vendors are deploying growth strategies such as product, service differentiation, brand, and variety to compete in the market.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.
The report Automotive AGS market contains comprehensive market knowledge, and an in-depth vendor landscape adds to an analysis of the key vendors.
Our report provides extensive information on the value chain analysis for the automotive AGS shutter market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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27% of the market’s growth will originate from Europe during the forecast period. Germany and France are the key markets for the automotive active grille shutter market in Europe. Market growth in this region will be slower than the growth of the market in other regions.
The growing focus of automotive OEMs on EVs will facilitate the automotive active grille shutter market growth in Europe over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID-19 Impact and Recovery Analysis
The outbreak of COVID-19 adversely impacted the regional market. However, the demand will remain moderate due to the underlying growth potential in the automotive industry, which is expected to fuel the demand for automotive active grille shutters in the region during the forecast period.
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The automotive active grille shutter market share growth in the passenger cars segment will be significant during the forecast period. The passenger cars segment dominates the global automotive active grille shutter market. Automakers are focusing on increasing the fuel economy and reducing the emissions from passenger cars and are adopting advanced systems such as automotive AGS. Hence, the demand for automotive active grille shutters will increase at a rapid rate during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the AGS shutter market size and actionable market insights on the post-COVID-19 impact on each segment.
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Automotive Active Grille Shutter Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 4.16% |
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Market growth 2022-2026 |
3160.81 th units |
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Market structure |
Fragmented |
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YoY growth (%) |
3.71 |
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Regional analysis |
Europe, North America, APAC, South America, and the Middle East and Africa |
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Performing market contribution |
Europe at 27% |
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Key consumer countries |
US, Canada, China, Japan, Germany, and France |
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Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
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Key companies profiled |
Aisin Corp., Batz Group, Brose Fahrzeugteile SE and Co. KG, COMPAGNIE PLASTIC OMNIUM SE, Flex Ltd., Ford Motor Co., General Motors Co, Johnson Electric Holdings Ltd, Magna International Inc., Rochling SE and Co. KG, Shape Corp., SONCEBOZ SA, SRG Global Inc., Starlite Co. Ltd., Techniplas LLC, Tesla Inc., TONG YANG GROUP, Toyoda Gosei Co Ltd, Valeo SA, and Wirthwein AG |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Application
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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