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Automotive Active Grille Shutter Market

Global Market Study on Automotive Active Grille Shutters: Strict Regulations Regarding Carbon Dioxide Emissions Completing Demand Growth

Global Automotive Active Grille Shutter Market By Vehicle (Passenger Cars (Compact, Mid-Size, SUV & Luxury))

Automotive Active Grille Shutter Market Snapshot

According to Persistence Market Research, the Automotive Active Grille Shutter Market will generate revenue of US$ 4,446.7 million by 2022. The demand for Automotive Active Grille Shutters will accelerate, with the top market players holding a prominent share of the Automotive Active Grille Shutter market in 2022. The global market for Automotive Active Grille Shutters is expected to reach US$ 10,003.3 million by 2033, growing at a 7.6% CAGR from 2023 to 2033.

Global Automotive Active Grille Shutter Market Size (2022A)

US$ 4,446.7 Mn

Global Automotive Active Grille Shutter Market Size (2023E)

US$ 4,808.6 Mn

Projected Automotive Active Grille Shutter Market Value (2033F)

US$ 10,003.3 Mn

Value CAGR (2023-2033)

7.6%

Collective Value Share: Top 3 Countries (2022)

29.3%

The Automotive Active Grille Shutter Market is experiencing remarkable demand for different vehicles. Sports, luxury, and light commercial vehicles are the most common types of automobiles with active grille shutters. Compact active grille shutter manufacturers are mainly focused on manufacturing materials that should be lightweight. Active grille shutters are anticipated to be in high demand due to emerging trends like thermoacoustic engine encapsulation and the use of sophisticated thermal management to increase engine efficiency.

The market is expected to grow as a result of further supply agreements with automakers and the usage of sophisticated modelling technology for testing active grille shutters.

The demand for automobile active grille shutters has been gradually increasing over the past 10 years. This growth is anticipated to continue as consumers are becoming more concerned about aerodynamic drag and fuel economy of their respective vehicles. Automotive active grille shutters are experiencing greater adoption due to premium vehicle's high power-consuming nature. Growth in global vehicle production and strong regulatory rules regarding fuel emissions drive market expansion.

Persistence Market Research provides information about important aspects driving the demand for automobile active grille shutters in its most recent revised analysis. The research covers global sales in more than 20 fast-growing markets; Europe can dominate, followed by North America, in terms of sales volume. The impact of COVID-19 on the market is also examined in the research.

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Automotive Active Grille Shutters Market Analysis from 2017 to 2022 Vs Market Outlook for 2023 to 2033

From 2017 to 2022, the market for automotive active grille shutters increased at a 6.4% CAGR and is anticipated to grow at a CAGR of 7.6% in the forecast period of 2023 to 2033. This increase in CAGR is due to a number of factors, including the growing global demand for automobiles with advanced and fuel-efficient technologies.

Active grille shutters have been a very promising technique for enhancing thermal warm-up. Later, several automakers found the potential for aerodynamic drag reduction, which became the primary driver of demand. Although frequently found in high-end luxury automobiles, several automakers are now incorporating features into the majority of vehicle types.

Active grille shutters significantly reduce aerodynamic drag while also reducing fuel consumption and carbon dioxide emissions. Active grille shutters can sometimes be used to increase the cooling efficiency of engines by directing air into the radiator. Manufacturers have enhanced their capacity for manufacturing and have extended over to new markets regionally. In terms of developing products that meet vehicle standards, manufacturers have also improved their research and development capabilities in partnership with key car manufacturers.

Production and supply chain activity decreased as a result of the COVID-19 situation, but the market rebounded after it ended. The pandemic had a significant negative impact on the world economy on a number of levels, and this impact is also apparent in the manufacturing sector. Several automobile manufacturing plants in North America, Latin America, South Asia, and the Pacific were impacted, which caused shortages in supply and decline in Y-o-Y growth.

However, the market for Automotive Active Grille Shutters is anticipated to expand at a 7.6% CAGR between 2023 and 2033. By the end of 2033, the market is projected to increase from US$ 4,808.6 million in 2022 to US$ 10,003.3 million.

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What are the drivers for Automotive Active Grille Shutter Market?

Driving factors such as end-user concerns about efficiency and design advancements are expected to aid in the growth of the global Automotive Active Grille Shutter market. Luxury, midsize, and sporty vehicles all come equipped with automotive active grille shutter systems. Additionally, the demand for the automobile active grille shutter system is anticipated to rise significantly as more models and new vehicle types are lined up for launches. Additionally, the growth of the middle class, increasing household incomes, and growing urbanization will all contribute to a spike in vehicle sales.

The demand for fuel-efficient automobiles is expected to drive growth in the market for automotive active grille shutter Market. The aerodynamic coefficient can be raised by using AGS systems, which can decrease CO2 emissions by up to 3 grams per kilometer and reduce air drag by an average of 9%, or 25 aerodynamic points. Government-imposed restrictions on emissions push automakers to use technologies that reduce air resistance and cut emissions. In the upcoming years, technology adoption may be boosted by such emission standards and regulations by domestic regulatory bodies.

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What are the restraints for the Automotive Active Grille Shutter (AGS) Market growth?

The affordability of an automobile active grille shutter system is the main challenge affecting the market. Customers in developing nations do not prefer vehicles equipped with such an AGS system. Additionally, low-segment vehicles use the diffuser, underbody panels, and spoilers as an economical means of reducing air drag. The market for automotive active grille shutter systems is experiencing a slowdown due to the lack of preference for the AGS system among low-segment car purchasers and its high price.

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Country-wise Analysis

How Mature is the Automotive Active Grille Shutter Market in the U.S.?

The demand for Automotive Active Grille Shutters in the U.S. is around 32% of the worldwide Automotive Active Grille Shutter market in 2022. Throughout the projection period of 2023–2033, the U.S. anticipated to hold a significant share of the market in North America.

Persistence Market Research expects that the United States will continue to be one of the most lucrative markets for automobile active grille shutters. In North America, the U.S. is a developed country with a significant end-user market. Increased sales of premium cars with active grille shutters, including several different RAM 1500 models, Ford cars, and high-end luxury cars from brands like Cadillac and General Motors, among many others, are one of the main factors contributing to this.

Will South Korea Emerge as the Next Manufacturing Hub for Automotive Active Grille Shutters?

The latest luxury and exotic car models are having a positive impact all throughout the country of South Korea. The COVID-19 pandemic, which entailed an overall containment of the virus, also had a positive effect on to buyers who desired to buy luxury cars. From January to March 2020, the richest 20 percent of South Koreans had an increase in their monthly average income of 6 %.

Compared to 2019, the total number of exotic car sales imported from January through May 2020 increased by 70%. Sales of BMW automobiles, which frequently use active grille shutters along with many other high-end vehicles, jumped by 46% during the same period. Sales of Lamborghini also doubled to 115 units.

Why Are Automotive Active Grille Shutter Sales Growing in Australia and New Zealand?

The New Zealand government announced a significant reduction in automobile emission targets by 2025 in January 2021. According to this concept, small SUVs and passenger automobiles couldn't produce more than 102 grams of carbon dioxide per kilometer. Beginning in 2025, this regulation would go into effect. Even though automakers are now permitted to sell automobiles that do not comply with these requirements, they would still be subject to penalties. These laws are anticipated to increase demand for active grille shutters in Australia and New Zealand.

Category-wise Insights

Which Vehicle Makes the Most Use of Automotive Active Grille Shutters?

The sports utility vehicle segment is estimated to account for a significant portion of the market for automobile active grille shutters. In the passenger car sector, it holds nearly half of the market share. Active grille shutters are currently being employed by GM, Ford, and Chrysler among others, on a variety of SUV models including the Jeep Cherokee, Chevrolet Blazer, Chevrolet Tahoe, Jeep Renegade, Land Rovers, Nissan Murano, and Nissan, to mention a few, to improve fuel economy at higher speeds.

Which Active Grille Shutter Type for Automobiles Is Most Popular?

The most common form of car active grille shutter is the non-visible shutter type. It represents more than three-fourths of the market. Since they enhance the front grille's visual attractiveness, these are the most preferred.

Which Sales Channel Will Produce the Highest Volume of Sales for Automotive Active Grille Shutters?

The increase in demand for auto cars has led to an increase in vehicle production by automobile manufacturers. This results in the automotive OEM sales channel holding the largest market share. Prominent car manufacturers such as BMW, GM, Ford, and Tesla are awarding supply contracts to production companies with an established track record for parts production to guarantee uninterrupted supply and maintain design uniqueness.

Competitive Landscape

The Automotive Active Grille Shutter market is moderately competitive on a global scale, with numerous manufacturers competing for market dominance. Over the past few years, the active grill shutter market has seen a variety of growth strategies implemented by market competitors, including acquisitions, mergers, and partnerships. A pull technique is being used by some players by promoting their products at auto shows and exhibitions. The market also observes strong collaborations between automakers and original equipment manufacturers, with a strong emphasis on innovation.

Automotive Active Grille Shutters Industry Report Scope

Attribute

Details

Forecast Period

2023-2033

Historical Data Available for

2017-2022

Market Analysis

  • US$ Mn for Value
  • Units for volume

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa

Key Countries Covered

  • U.S.
  • Canada
  • Brazil
  • Mexico
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Russia
  • Benelux
  • China,
  • Japan
  • South Korea
  • India
  • ASEAN
  • Australia
  • New Zealand
  • GCC Countries
  • Turkey
  • Northern Africa
  • South Africa

Key Market Segments Covered

  • Vehicle
  • Shutter
  • Vane
  • Sales Channel
  • Region

Key Companies Profiled

  • Magna International Inc.
  • Shape Corporation
  • SRG Global Inc. (Guardian Industries)
  • Techniplas LLC
  • HBPI GmbH
  • Rochling Automotive
  • Valeo SA
  • Mirror Controls International
  • Sonceboz SA
  • Batz Group
  • Aisin Corporation
  • Yamaguichi Starlite Co., Ltd.
  • Keboda Chongquing Automotive Electronics Co., Ltd
  • Johnson Electric

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Key Segments Covered in Automotive Active Grille Shutters Industry Research

By Vehicle:

  • Passenger Cars
    • Compact
    • Mid-Size
    • SUV
    • Luxury
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles

By Shutter:

  • Visible Automotive Active Grille Shutters
  • Non-visible Automotive Active Grille Shutters

By Vane:

  • Horizontal Automotive Active Grille Shutters
  • Vertical Automotive Active Grille Shutters

By Sales Channel:

  • Automotive Active Grille Shutters Sold through OEMs
  • Automotive Active Grille Shutters Sold in Aftermarket

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa

- Companies Covered in This Report -

  • Magna International Inc.
  • Shape Corporation
  • SRG Global Inc. (Guardian Industries)
  • Techniplas LLC
  • HBPI GmbH
  • Rochling Automotive
  • Valeo SA
  • Mirror Controls International
  • Sonceboz SA
  • Batz Group
  • Aisin Corporation
  • Yamaguichi Starlite Co., Ltd.
  • Keboda Chongquing Automotive Electronics Co., Ltd
  • Johnson Electric

- Frequently Asked Questions -

The global Automotive Active Grille Shutter Market is estimated to be valued at over US$  4,446.7 Mn as of 2022.

Automotive Active Grille Shutters are projected to increase at 7.6% CAGR and is expected to be valued at around US$ 10,003.3 Mn by 2033 end.

Magna International Inc., Shape Corporation, SRG Global Inc. (Guardian Industries), Techniplas LLC, HBPI GmbH, Rochling Automotive, Valeo SA, Mirror Controls International, etc.

Germany, China, U.S., India, and Japan are driving most of the demand for Automotive Active Grille Shutters.

The market in the U.K. is set to expand at 5.6% CAGR during the coming forecasted period.

China, the U.S., and Germany are major producers and exporters of Automotive Active Grille Shutters.

Japan is slated to hold a 14.5% share of the global market in 2022.

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