Global Active Grille Shutter Market to Grow with a CAGR of 7.57% through 2031F
The implementation of stringent emission and fuel economy regulations serves as a primary catalyst for the adoption of active grille shutters.
According
to TechSci Research report, “Global Active
Grille Shutter Market By Shutter Type, By Vehicle Type, By Vanes Type, By
Region, Competition Forecast & Opportunities, 2031F”, The Global Active Grille Shutter Market will grow from USD 4.46 Billion in 2025 to USD 6.91 Billion by 2031 at a 7.57% CAGR. Moreover, active grille shutter is an important
component which improves the aerodynamics of a vehicle, which further enhances
the looks, speed and handling of the vehicle. North America holds the highest
market share owing to higher sales of premium vehicles compared to other regions,
and the region is expected to hold its dominance in the global automotive
active grille shutter market during the forecast period as well attributable to
the fact that the region is expected to witness rising sales of premium
vehicles on a y-o-y basis until 2031. Asia-Pacific is expected continue its
position as the second largest market for active grille shutter market,
followed by Europe.
Browse over XX market data Figures spread through XX Pages and an in-depth TOC on "Global Active Grille Shutter Market"
Global
active grille shutter market can be further segmented into shutter type,
vehicle type, vanes type, and region. In terms of vanes type, the market can be
segmented into horizontal vanes type and vertical vanes, among which, horizontal
vanes type accounted for the largest market share in 2031F and the segment is
expected to maintain its leading market position during the forecast period as
well. Furthermore, under the shutter type segment, non-visible active grille
shutter type dominates the global active grille shutter market as they are easy
to place behind the grille and offer better aerodynamics as compared to visible
active grille shutter.
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Key Market Players
- Magna International Inc
- Valeo SA
- Röchling Automotive
- HBPO GmbH
- Shape Corporation
- SRG Global Inc
- Plastic Omnium
- Brose Fahrzeugteile GmbH
- Techniplas LLC
- Aisin Seiki Co Ltd
“Global Active Grille Shutter Market By Shutter Type (Visible Active Grille Shutter & Non Visible Active Grille Shutter), By Vehicle Type (Passenger Vehicle and LCV), By Vanes Type (Horizontal Vanes vs Vertical Vanes), By Region, Competition Forecast & Opportunities, 2021-2031F” has evaluated the future growth potential of global
active grille shutter market and provides statistics & information on
market size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges and opportunities in the global active
grille shutter market.
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