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

By Vehicle Type;

Passenger Car, LCV and Heavy Commercial Vehicle.

By Shutter Vanes Type;

Horizontal AGS and Vertical AGS.

By Shutter Type;

Visible AGS and Non-Visible AGS.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn629244691 Published Date: April, 2024 Updated Date: May, 2024

Introduction

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

In the year 2023, the Global Automotive Active Grille Shutter (AGS) Market was valued at USD 2,527.62 million. The size of this market is expected to increase to USD 4,193.44 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 7.5%.

The automotive industry has witnessed a significant evolution in recent years, with a notable emphasis on enhancing fuel efficiency and reducing emissions. In this pursuit, innovative technologies like Automotive Active Grille Shutters (AGS) have gained prominence. AGS systems are designed to manage airflow through a vehicle's grille, thus optimizing aerodynamics and improving overall vehicle performance. As regulations pertaining to emissions become increasingly stringent worldwide, automakers are turning to AGS as a viable solution to meet these requirements while also enhancing the vehicle's fuel economy.

One of the primary drivers behind the growing adoption of AGS is the pressing need for automakers to meet stringent fuel efficiency standards set by regulatory bodies across the globe. AGS systems enable vehicles to dynamically adjust airflow based on driving conditions, improving aerodynamic efficiency and reducing drag. This not only enhances fuel economy but also contributes to lower emissions, aligning with the broader industry trend towards sustainability and environmental consciousness.

The rising consumer demand for more eco-friendly vehicles further propels the market growth of AGS. As consumers become increasingly conscious of their carbon footprint and fuel expenses, they are inclined towards vehicles equipped with advanced technologies that promise better fuel efficiency. AGS, with its ability to optimize airflow and improve aerodynamics, appeals to environmentally conscious consumers seeking vehicles that offer both performance 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 Vehicle Type
    2. Market Snapshot, By Shutter Vanes Type
    3. Market Snapshot, By Shutter Type
    4. Market Snapshot, By Region
  4. Global Automotive Active Grille Shutter (AGS) Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing emphasis on fuel efficiency and emissions reduction.
        2. Growing adoption of electric vehicles and hybrid vehicles.
        3. Stringent regulations regarding vehicle emissions and fuel economy standards.
      2. Restraints
        1. Initial high cost of implementation and integration.
        2. Concerns regarding reliability and durability.
        3. Limited awareness and understanding among consumers.
      3. Opportunities
        1. Advancements in material technology and design.
        2. Integration of smart and autonomous features.
        3. Expansion of automotive markets in emerging economies.
    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. Competitive Rivalry
  5. Market Segmentation
    1. Global Automotive Active Grille Shutter (AGS) Market, By Vehicle Type, 2020 - 2030 (USD Million)
      1. Passenger Car
      2. LCV
      3. Heavy Commercial Vehicle
    2. Global Automotive Active Grille Shutter (AGS) Market, By Shutter Vanes Type, 2020 - 2030 (USD Million)
      1. Horizontal AGS
      2. Vertical AGS
    3. Global Automotive Active Grille Shutter (AGS) Market, By Shutter Type, 2020 - 2030 (USD Million)
      1. Visible AGS
      2. Non-Visible AGS
    4. Global Automotive Active Grille Shutter (AGS) 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. Magna International Inc.
      2. Valeo SA
      3. Rochling Automotive
      4. Johnson Electric Holdings Limited
      5. Mahle GmbH
      6. Brose Fahrzeugteile GmbH & Co. KG
      7. SRG Global Inc.
      8. Eberspaecher Gruppe GmbH & Co. KG
      9. Batz S. Coop.
      10. Tower International, Inc.
  7. Analyst Views
  8. Future Outlook of the Market

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