Automotive Active Grille Shutter Market Higher Mortality Rates by 2030

Author : Ajaykumar Patil | Published On : 13 Jan 2022

Huge Demand of Global Automotive Active Grille Shutter Market during 2021-2031

New Study Reports ” Automotive Active Grille Shutter Market 2021: Global Key Players, Trends, Share, Industry Size, Segmentation, Opportunities, Forecast To 2031″ has been Added on MarketResearchFuture.

Report Overview

The report on the Automotive Active Grille Shutter Market provided based on the recent developments and data that has been collated from the previous year’s looks to provide a thorough understanding. The market overview provided in the initial section looks to provide the reader with adequate information regarding the product and services. It focuses on the market definition along with the product applications and end-user industries. The report covers a period spanning from 2021 to 2031. Competitive analysis and prominent industry trends have been included in the in-depth study provided in the main section of the report.

As per Persistence Market Research, the global automotive active grille shutter market is projected to reach a valuation of US$ 6.2 Bn by 2031, expanding at a CAGR of close to 8% throughout this period.

Benefits of active grille shutters include improving the aerodynamics and fuel efficiency of a vehicle. These shutters also provide benefits related to engine encapsulation, improved cold start, heat retention, and noise reduction. All these advantages are leading to rise in demand for automotive active grille shutters across geographies.

However, demand for automotive active grille shutters witnessed a dip in 2020 due to the COVID-19 pandemic. The pandemic caused lockdowns, and some of the most affected regions hosted major production plants. Due to this, the automotive industry, as well as demand for active grille shutters, saw a significant drop.

Key Players:

The report has profiled some of the Important players prevalent in the global like – Magna International Inc, Valeo SA, Rochling Automotive, HBPO GmbH, Shape Corporation, and Aisin Corporationand more.

This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Automotive Active Grille Shutter.

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Key Takeaways from Market Study

  • Strict regulations by various countries to reduce carbon emissions are compelling automakers to use technologies such as active grille shutters.
  • Significant reduction of aerodynamic drag of vehicles at high cruising speeds and regulation of required air flow within the engine are expected to play a vital role in the growth of the market.
  • Leading players are focusing on research & development to manufacture compact and design-efficient active grille shutters that could be used in space-constraint vehicles.
  • Increasing sales of luxury as well as sports utility vehicles is expected to lend substantial impetus to market growth over the years to come.
  • North America and Europe are expected to have leading market shares owing to the presence of large industrial bases in developed countries in these regions.
  • The market in East Asia is expected to witness the highest growth rate on the back of high consumer spending power as well as rise of luxury vehicle sales in countries such as China, Japan, and South Korea.
  • Demand for active grille shutters to remain high for use in passenger cars.
  • Non-visible active grille shutters to hold high market share of around 80%.
  • OEMs to account for around 90% sales of active grille shutters.

“Increasing demand for cars with regulated engine temperatures, lesser aerodynamic drag, higher fuel efficiency, and lower emissions are key factors driving sales of automotive active grille shutters,” says a Persistence Market Research analyst.

Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)

Key Stakeholders
Automotive Active Grille Shutter Market Manufacturers
Automotive Active Grille Shutter Market Distributors/Traders/Wholesalers
Automotive Active Grille Shutter Market Subcomponent Manufacturers
Industry Association
Downstream Vendors

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Major Highlights of the Automotive Active Grille Shutter Market Report:

  • The Automotive Active Grille Shutter Market analysis report offers an in-depth study of the potential market growth opportunities and challenges.
  • The report dives deeper into the market and explains the dynamic factors bolstering market growth.
  • The report deeply assesses the current, historical market size, market share, and revenue growth rates to offer accurate market projections for the forecast period.
  • The report analyzes the Automotive Active Grille Shutter Market presence across major regions of the world.
  • It determines the production & consumption capacities and demand & supply dynamics of each regional market.
  • The report further illustrates the intense competition among the key market players and highlights their effective business expansion plans and strategies.
  • It provides company overview and SWOT analysis of each of the market players.

Key Questions Answered in This Report.

  • What will the Market growth rate in Future?
  • What are the key factors driving the global Market?
  • Who are the key manufacturers in Market space?
  • What are the opportunities and threats faced by the vendors in the global industry?
  • What are sales, revenue, and price analysis by regions of industry?

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