North America to Dominate Active Grille Shutter Market until 2025
Advancements in automobile technology for better performance
and improved fuel efficiency to drive global active grille shutter market
According
to TechSci Research report, “Global Active
Grille Shutter Market By Shutter Type, By Vehicle Type, By Vanes Type, By
Region, Competition Forecast & Opportunities, 2025”, the
global active grille shutter market is forecast to surpass $ 1.9 billion by
2025. Major factors responsible for the growth
of active grille shutters market include increase in fuel efficiency of vehicles
and reduced carbon dioxide emissions. 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 2025. Asia-Pacific is expected continue its
position as the second largest market for active grille shutter market,
followed by Europe.
Browse 120 market data Figures spread through 120 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 2019 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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Valeo,
Johnson Electric, Shape Corporation, SRG Global, Magna International, HBPO
Gmbh, Brose Fahrzeugteile GmbH & Co. KG, Coburg,
Starlite Co, Techniplas LLC., etc., are few of the leading players
operating in the global active grille shutter market. “Due to various
advantages offered by active grille shutters such as improved fuel efficiency
and aerodynamics for better vehicle performance, the demand for vehicles equipped
with active grille shutter is expected to increase over the next few years.
Thus, over the coming years, the global market for active grille shutters is
anticipated to witness robust growth, especially in Asia-Pacific and North
America,” said Mr. Karan Chechi, Research Director with TechSci Research, a
research-based global management consulting firm.
“Global
Active Grille Shutter Market By Shutter Type, By Vehicle Type, By Vanes Type,
By Region, Competition Forecast & Opportunities, 2025” 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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