Global Active Grille Shutter Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Shutter Type;

Automatic Shutters and Manual Shutters

By Vane Type;

Key Findings, Vertical and Horizontal.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn841883395 Published Date: April, 2024 Updated Date: May, 2024

Introduction

Global Active Grille Shutter Market (USD Million), 2020 - 2030

In the year 2023, the Global Active Grille Shutter Market was valued at USD 1,581.50 million. The size of this market is expected to increase to USD 2,506.50 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 6.8%.

The automotive industry is witnessing a significant shift towards more sustainable and efficient technologies, and one such innovation gaining traction is the global active grille shutter market. Active grille shutters are designed to improve the aerodynamics of vehicles by managing airflow through the grille opening. This technology aids in enhancing fuel efficiency and reducing emissions by regulating the amount of air that enters the engine compartment. As environmental concerns continue to drive regulatory changes and consumer preferences, the demand for active grille shutters is expected to surge.

Stringent government regulations regarding fuel economy and emissions standards are compelling automotive manufacturers to adopt advanced technologies like active grille shutters. These shutters play a crucial role in enhancing the overall performance of vehicles, thereby helping manufacturers meet regulatory requirements while maintaining competitive advantages in the market. As a result, there is a growing integration of active grille shutter systems across various vehicle segments, from passenger cars to commercial vehicles, further fueling market expansion.

The evolution of electric and hybrid vehicles is driving the adoption of active grille shutter systems. As automakers strive to extend the driving range of electric vehicles and improve their efficiency, aerodynamics becomes a critical focus area. Active grille shutters offer a sophisticated solution by dynamically adjusting airflow based on vehicle speed, temperature, and other factors. This adaptability not only optimizes efficiency but also contributes to the overall performance and range of electric and hybrid vehicles, positioning active grille shutters as integral components in the future of automotive design and sustainability.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, by Shutter Type
    2. Market Snapshot, by Vane Type
    3. Market Snapshot, By Region
  4. Global Active Grille Shutter Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Fuel Efficiency Regulations
        2. Automotive Lightweighting Trends
        3. Increasing Demand for Electric Vehicles
      2. Restraints
        1. Initial Implementation Costs
        2. Compatibility Challenges with Some Vehicle Designs
        3. Consumer Perception and Acceptance
      3. Opportunities
        1. Technological Advancements in Material Science
        2. Integration with Vehicle Automation Systems
        3. Emerging Markets for Automotive Manufacturing
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Compititive Rivalry
  5. Market Segmentation
    1. Global Active Grille Shutter Market, by Shutter Type, 2020 - 2030 (USD Million)
      1. Automatic Shutters
      2. Manual Shutters
    2. Global Active Grille Shutter Market,by Vane Type 2020 - 2030 (USD Million)
      1. Key Findings
      2. Vertical
      3. Horizontal
    3. Global Active Grille Shutter Market, By Geography, 2020 - 2030 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Aisin Seiki Co. Ltd.
      2. STARLITE Co. Ltd.
      3. Techniplas LLC.
  7. Analyst Views
  8. Future Outlook of the Market

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