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Automotive Active Grille Shutter Market by Application and Geography - Forecast and Analysis 2022-2026

  • Published: Sep 2022
  • Pages: 143
  • SKU: IRTNTR44349
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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.

What will the Automotive Active Grille Shutter Market Size be During the Forecast Period?

Automotive Active Grille Shutter Market Size

Download Report Sample to Unlock the Automotive Active Grille Shutter Market Size for the Forecast Period and Other Important Statistics

 

Automotive Active Grille Shutter Market: Key Drivers, Trends, and Challenges

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.

Parent Market Analysis

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.

Who are the Major Automotive Active Grille Shutter Market Vendors?

The report analyzes the market’s competitive landscape and 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
  • Wirthwein AG

 

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.

Product Insights and News

  • roechling.com - The Company offers an automotive active grille shutter that includes Active control of air resistance, Intelligent airflow management, which helps in the reduction of the drag coefficient through an active cooling air control and brake ventilation management.

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.

Automotive Active Grille Shutter Market Value Chain Analysis

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.

Which are the Key Regions for Automotive Active Grille Shutter Market?

Automotive Active Grille Shutter Market Share by Geography

For more insights on the market share of various regions Request PDF Sample now!

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.

What are the Revenue-generating Application Segments in the Automotive Active Grille Shutter Market?

Automotive Active Grille Shutter Market Share

To gain further insights on the market contribution of various segments Request a PDF Sample

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.

 

Automotive Active Grille Shutter Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 4.16%

Market growth 2022-2026

3160.81 th units

Market structure

Fragmented

YoY growth (%)

3.71

Regional analysis

Europe, North America, APAC, South America, and the Middle East and Africa

Performing market contribution

Europe at 27%

Key consumer countries

US, Canada, China, Japan, Germany, and France

Competitive landscape

Leading companies, Competitive Strategies, Consumer engagement scope

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

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.

Customization purview

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What are the Key Data Covered in this Automotive Active Grille Shutter Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive automotive active grille shutter market growth during the next five years
  • Precise estimation of the automotive active grille shutter market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the automotive active grille shutter industry across Europe, North America, APAC, South America, and the Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of automotive active grille shutter market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 (thousand units)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 (thousand units)
      • Exhibit 15: Chart on Global Market- Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market- Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Application

    • 5.1 Market segments
      • Exhibit 24: Chart on Application - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Application - Market share 2021-2026 (%)
    • 5.2 Comparison by Application
      • Exhibit 26: Chart on Comparison by Application
      • Exhibit 27: Data Table on Comparison by Application
    • 5.3 Passenger cars - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Passenger cars - Market size and forecast 2021-2026 (thousand units)
      • Exhibit 29: Data Table on Passenger cars - Market size and forecast 2021-2026 (thousand units)
      • Exhibit 30: Chart on Passenger cars - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Passenger cars - Year-over-year growth 2021-2026 (%)
    • 5.4 Commercial vehicles - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Commercial vehicles - Market size and forecast 2021-2026 (thousand units)
      • Exhibit 33: Data Table on Commercial vehicles - Market size and forecast 2021-2026 (thousand units)
      • Exhibit 34: Chart on Commercial vehicles - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Commercial vehicles - Year-over-year growth 2021-2026 (%)
    • 5.5 Market opportunity by Application
      • Exhibit 36: Market opportunity by Application (thousand units)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 40: Chart on Geographic comparison
      • Exhibit 41: Data Table on Geographic comparison
    • 7.3 Europe - Market size and forecast 2021-2026
      • Exhibit 42: Chart on Europe - Market size and forecast 2021-2026 (thousand units)
      • Exhibit 43: Data Table on Europe - Market size and forecast 2021-2026 (thousand units)
      • Exhibit 44: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 45: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.4 North America - Market size and forecast 2021-2026
      • Exhibit 46: Chart on North America - Market size and forecast 2021-2026 (thousand units)
      • Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 (thousand units)
      • Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.5 APAC - Market size and forecast 2021-2026
      • Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 (thousand units)
      • Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 (thousand units)
      • Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.6 South America - Market size and forecast 2021-2026
      • Exhibit 54: Chart on South America - Market size and forecast 2021-2026 (thousand units)
      • Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 (thousand units)
      • Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 (thousand units)
      • Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 (thousand units)
      • Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.8 US - Market size and forecast 2021-2026
      • Exhibit 62: Chart on US - Market size and forecast 2021-2026 (thousand units)
      • Exhibit 63: Data Table on US - Market size and forecast 2021-2026 (thousand units)
      • Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.9 Germany - Market size and forecast 2021-2026
      • Exhibit 66: Chart on Germany - Market size and forecast 2021-2026 (thousand units)
      • Exhibit 67: Data Table on Germany - Market size and forecast 2021-2026 (thousand units)
      • Exhibit 68: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.10 China - Market size and forecast 2021-2026
      • Exhibit 70: Chart on China - Market size and forecast 2021-2026 (thousand units)
      • Exhibit 71: Data Table on China - Market size and forecast 2021-2026 (thousand units)
      • Exhibit 72: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.11 France - Market size and forecast 2021-2026
      • Exhibit 74: Chart on France - Market size and forecast 2021-2026 (thousand units)
      • Exhibit 75: Data Table on France - Market size and forecast 2021-2026 (thousand units)
      • Exhibit 76: Chart on France - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on France - Year-over-year growth 2021-2026 (%)
    • 7.12 Canada - Market size and forecast 2021-2026
      • Exhibit 78: Chart on Canada - Market size and forecast 2021-2026 (thousand units)
      • Exhibit 79: Data Table on Canada - Market size and forecast 2021-2026 (thousand units)
      • Exhibit 80: Chart on Canada - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on Canada - Year-over-year growth 2021-2026 (%)
    • 7.13 Japan - Market size and forecast 2021-2026
      • Exhibit 82: Chart on Japan - Market size and forecast 2021-2026 (thousand units)
      • Exhibit 83: Data Table on Japan - Market size and forecast 2021-2026 (thousand units)
      • Exhibit 84: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 85: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 7.14 Market opportunity by geography
      • Exhibit 86: Market opportunity by geography (thousand units)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 87: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 88: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 89: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 90: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 91: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 92: Matrix on vendor position and classification
            • 10.3 Aisin Corp.
              • Exhibit 93: Aisin Corp. - Overview
              • Exhibit 94: Aisin Corp. - Business segments
              • Exhibit 95: Aisin Corp. - Key offerings
              • Exhibit 96: Aisin Corp. - Segment focus
            • 10.4 Batz Group
              • Exhibit 97: Batz Group - Overview
              • Exhibit 98: Batz Group - Product / Service
              • Exhibit 99: Batz Group - Key offerings
            • 10.5 Brose Fahrzeugteile SE and Co. KG
              • Exhibit 100: Brose Fahrzeugteile SE and Co. KG - Overview
              • Exhibit 101: Brose Fahrzeugteile SE and Co. KG - Product / Service
              • Exhibit 102: Brose Fahrzeugteile SE and Co. KG - Key news
              • Exhibit 103: Brose Fahrzeugteile SE and Co. KG - Key offerings
            • 10.6 COMPAGNIE PLASTIC OMNIUM SE
              • Exhibit 104: COMPAGNIE PLASTIC OMNIUM SE - Overview
              • Exhibit 105: COMPAGNIE PLASTIC OMNIUM SE - Business segments
              • Exhibit 106: COMPAGNIE PLASTIC OMNIUM SE - Key news
              • Exhibit 107: COMPAGNIE PLASTIC OMNIUM SE - Key offerings
              • Exhibit 108: COMPAGNIE PLASTIC OMNIUM SE - Segment focus
            • 10.7 Flex Ltd.
              • Exhibit 109: Flex Ltd. - Overview
              • Exhibit 110: Flex Ltd. - Business segments
              • Exhibit 111: Flex Ltd. - Key news
              • Exhibit 112: Flex Ltd. - Key offerings
              • Exhibit 113: Flex Ltd. - Segment focus
            • 10.8 Ford Motor Co.
              • Exhibit 114: Ford Motor Co. - Overview
              • Exhibit 115: Ford Motor Co. - Business segments
              • Exhibit 116: Ford Motor Co. - Key news
              • Exhibit 117: Ford Motor Co. - Key offerings
              • Exhibit 118: Ford Motor Co. - Segment focus
            • 10.9 General Motors Co
              • Exhibit 119: General Motors Co - Overview
              • Exhibit 120: General Motors Co - Business segments
              • Exhibit 121: General Motors Co - Key news
              • Exhibit 122: General Motors Co - Key offerings
              • Exhibit 123: General Motors Co - Segment focus
            • 10.10 Johnson Electric Holdings Ltd
              • Exhibit 124: Johnson Electric Holdings Ltd - Overview
              • Exhibit 125: Johnson Electric Holdings Ltd - Business segments
              • Exhibit 126: Johnson Electric Holdings Ltd - Key offerings
              • Exhibit 127: Johnson Electric Holdings Ltd - Segment focus
            • 10.11 Magna International Inc.
              • Exhibit 128: Magna International Inc. - Overview
              • Exhibit 129: Magna International Inc. - Business segments
              • Exhibit 130: Magna International Inc. - Key news
              • Exhibit 131: Magna International Inc. - Key offerings
              • Exhibit 132: Magna International Inc. - Segment focus
            • 10.12 Rochling SE and Co. KG
              • Exhibit 133: Rochling SE and Co. KG - Overview
              • Exhibit 134: Rochling SE and Co. KG - Business segments
              • Exhibit 135: Rochling SE and Co. KG - Key offerings
              • Exhibit 136: Rochling SE and Co. KG - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 137: Inclusions checklist
                • Exhibit 138: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 139: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 140: Research methodology
                • Exhibit 141: Validation techniques employed for market sizing
                • Exhibit 142: Information sources
              • 11.5 List of abbreviations
                • Exhibit 143: List of abbreviations

              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.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Automotive Active Grille Shutter market growth will increase by $3160.81 thousand units during 2022-2026.
              The automotive active grille shutter market is expected to grow at a CAGR of 4.16% during 2022-2026.
              Technavio has segmented the automotive active grille shutter market by application (Passenger cars and Commercial vehicles) and geographic (Europe, North America, APAC, South America, Middle East and Africa, Europe, North America, APAC, South America, and MEA).
              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, Wirthwein AG are a few of the key vendors in the automotive active grille shutter market.
              Europe will register the highest growth rate of 27.39% among the other regions. Therefore, the automotive active grille shutter market in Europe is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the automotive active grille shutter market growth are:
              • Adoption of new or improved emission standards
              • Use of advanced active grille shutters to reduce CO2 emissions from vehicles
              The automotive active grille shutter market vendors should focus on grabbing business opportunities from the passenger cars segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
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              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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