Global active grille shutter market is projected to reach from an estimated $ 1.1 billion in 2020 to $ 1.9 billion in 2025 on account of various benefits of active grille shutters such as improving vehicle aerodynamics by more than 30% compared to non-active grille shutter vehicle and also offering up to 20% weight reduction. All the leading automakers are adopting this technology for their premium vehicle models as well as the models that are best in terms of sales.
The global active grille shutter market is segmented based on shutter type, vehicle type, vanes type, and region. Based on vehicle type, the market can be fragmented into the passenger cars and light commercial vehicles. Among these, passenger car segment is expected to hold the largest share during the forecast period because the number of commercial vehicles equipped with an active grille shutter is quite less compared to passenger cars.
Major players operating in the global active grille shutter market include Valeo, Johnson Electric, SRG Global, Starlite Co., Shape Corporation and others. Most of the companies are developing new products along with new technologies to stay strong in the active grille shutters market.
Years considered for this report:
- Historical Years: 2015-2018
- Base Year: 2019
- Estimated Year: 2020
- Forecast Period: 2021-2025
Objective of the Study:
- To analyze and forecast the market size of the global active grille shutter market, in terms of value and volume.
- To classify and forecast global active grille shutter market based on shutter type, vehicle type, vanes type, and regional distribution.
- To identify drivers and challenges for the global active grille shutter market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global active grille shutter market.
- To conduct a pricing analysis of the global active grille shutter market.
- To identify and analyze the profile of leading players involved in the manufacturing of global active grille shutter.
Key Target Audience:
- Active grille shutter manufacturers, suppliers, distributors and other stakeholders
- Government bodies such as regulating authorities and policymakers
- Organizations, forums and alliances related to active grille shutter market
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers, partners, end-users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
In this report, global active grille shutter market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Market, by Shutter Type:
- Visible Active Grille Shutter
- Non-Visible Active Grille Shutter
Market, by Vehicle Type:
- Passenger car
Market, By Vanes Type:
- Horizontal Vanes
- Vertical Vanes
Market, By Region:
- Asia Pacific
- South Korea
- United States
- United Kingdom
- South Africa
- Saudi Arabia