The active grille shutters are used to limit the air flow from the front grille when a vehicle attains a speed of more than 19 mph. They improve the aerodynamics of the vehicle to reduce air drag and also help to minimize the load on the engine which allows to achieve higher fuel rating and low emissions.
The active grill shutter market is heavily influenced by driving factors such as a rise in demand for vehicles with higher fuel-efficiency and also rise in sales of luxury and premium vehicles is thus expected to boost the automotive active grille shutter market. However the high cost of active grill shutters is hampering the market growth and are the restraints of this market.
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Top Leading Market Players:
1. Aisin Seiki Co. , Ltd.2. HBPO GmbH3. Keboda4. Magna International Inc.5. Rochling Group6. Shape Corp.7. SRG Global™8. Starlite Co. , Ltd9. Tong Yang Group10. Valeo SA
The global active grill shutter market is segmented on the basis of shutter type, by vane type, by vehicle type and sales channel. Based on shutter type, the market is segmented as visible and non-visible. Based on vane type the market is segmented as horizontal and vertical type. Basis of vehicle type the market is segmented as passenger, light commercial and heavy commercial vehicles. On the basis of sales channel the market is segmented as OEM and aftermarket.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global active grill shutter market based on various segments. It also provides market size and forecast estimates from year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The active grill shutter market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
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The report analyzes factors affecting active grill shutter market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the Active Grill Shutter market in these regions.
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