The active grille shutter market is projected to reach US$ 3,094.60 million by 2028 from US$ 2,161.67 million in 2021. It is expected to grow at a CAGR of 5.3% during 2022–2028.
Automobile production has been growing at a steady pace globally. China and the US have been leading the race, followed by Germany and India. The elevating demand for passenger vehicles with growing disposable income and the adoption of modern lifestyles contributes to the growth of the automotive sector worldwide. Most modern high-end passenger vehicles are increasingly adopting active grille shutters. These components aid in improving the aerodynamics of vehicles, thereby enabling the reduction of fuel consumption. Moreover, they can help maintain engine temperature in harsh environmental conditions. The increasing knowledge and awareness of the benefits of active grille shutters is driving consumers’ preference for passenger vehicles installed with these components. Additionally, there is a fast-growing demand for electric passenger vehicles. These vehicles also require active grille shutters for maintaining optimal battery temperatures. All such factors have been collectively driving the active grille shutter market size.
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Active Grille Shutter Market: Strategic Insights
Market Size Value in US$ 2,161.67 Million in 2021 Market Size Value by US$ 3,094.60 Million by 2028 Growth rate CAGR of 5.3% from 2022 to 2028 Forecast Period 2022-2028 Base Year 2022
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Active Grille Shutter Market: Strategic Insights
| Market Size Value in | US$ 2,161.67 Million in 2021 |
| Market Size Value by | US$ 3,094.60 Million by 2028 |
| Growth rate | CAGR of 5.3% from 2022 to 2028 |
| Forecast Period | 2022-2028 |
| Base Year | 2022 |
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Impact of COVID-19 Pandemic on Active Grille Shutter Market Growth
The continuous growth in the COVID-19 patient pool compelled government authorities across the US and other countries to impose stringent travel bans and social restrictions in the first three quarters of 2020, which led to significant disruptions in automobile manufacturing operations. Containment measures also led to the limited availability of the workforce, which further hampered manufacturing, supply, and sales. Hence active grille shutter market size witnessed significant decline during this period. The active grille shutter market players also experienced a slowdown in growth owing to the presence of limited workers in manufacturing facilities, temporary shutdown of factories, and reduced demand from vehicle manufacturers in 2020.
Market Insights – Active Grille Shutter Market
In 2020, more than 10 million electric cars were on the roads in the world. Most new EV registrations were for battery electric vehicles (BEV). The increased popularity of BEVs can be attributed to their ability to operate with reduced carbon emissions and the lower cost of ownership compared to internal combustion engine (ICE) vehicles. Moreover, several government authorities have announced subsidies and launched initiatives, as part of stimulus packages to counter the ill-effects of the pandemic, for encouraging the use of EVs. Governments across the world spent US$ 14 billion on such initiatives to promote EVs. As reported by International Energy Agency (IEA), the global EV sales rose to 6.6 million in 2021.
An increase in the adoption of EVs and hybrid EVs is expected to have a direct impact on the sales of active grille shutters. Electric vehicles are powered by batteries, which tend to heat up frequently. This results in a regular need to bring down their high temperatures, as batteries heated up for prolonged periods may affect their longevity. The integration of active grille shutters helps maintain the optimum temperature of batteries. Additionally, their use in the front-end modules can significantly improve the performance of EVs by lowering air drag. Such advantages propelled the installation of active grille shutter in electric vehicle, which further boosted the active grille shutter market growth globally.
Propulsion Type-Based Insights
The active grille shutter market, by propulsion type, is bifurcated into internal combustion engine (ICE) and electric. The ICE segment is expected to account for the largest market share, while the electric segment is expected to register a higher CAGR in the market during the forecast period. ICEs are highly durable diesel- or gasoline-driven engines that provide drivability to ~250 million vehicles in North America alone. Some vehicle models also use alternative fuels or renewable resources, such as ethanol and natural gas. The design of ICEs has some parts that are fixed while some are moving, e.g., pistons. After the expansion of combustion gases in a power stroke, the motion of a piston aids in the rotation of a crankshaft, further offering a forward motion to the wheels of vehicles. Aerodynamics has been gaining significant importance in vehicle design as air can notably reduce the efficiency of ICE vehicles. Active grille shutters aid in improving the aerodynamics of vehicles, while maintaining the optimum temperature of engines with the help of electronically controlled slats that manage to control the flow of air through grilles, engine compartments, and radiators. Such advantages have been promoting the segments growth in active grille shutter market.
The active grille shutter market is segmented into propulsion type, vane type and vehicle type. Based on propulsion type, the market is segmented into internal combustion engine (ICE) and electric. On the basis of vane type, the active grille shutter market is bifurcated into horizontal and vertical. Based on vehicle type, the active grille shutter market is segmented into passenger vehicles, light commercial vehicles (LCV) and heavy commercial vehicles (HCV). Based on geography, the active grille shutter market is primarily segmented into North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and South America (SAM). HBPO GmbH; Magna International Inc.; Röchling SE & Co. KG; Shape Corporation; SRG Global; Standard Motor Products Inc.; STARLITE Co., Ltd.; Techniplas US LLC; Valeo SA; and Wirthwein AG are among the key active grille shutter market players.
Active Grille Shutter Market Report Scope
Active grille shutter market players mainly focus on market penetration to increase market share.
- In 2022, Wirthwein AG announced the establishment of Xi'an Wirthwein Plastic Technology Co., Ltd. in China. It is the fourth factory of the company in this country; the other three are located in Kunshan and Shenyang.
- In 2022, Techniplas US LLC acquired Nanogate Group (Nanogate), a publicly traded company and prominent manufacturer of highly engineered plastics systems and components.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Propulsion Type, Vane Type, and Vehicle Type
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
Automakers are opening new manufacturing sites or moving existing ones in growing automotive markets to meet the growing demand for active grille shutter products that are to be required in sports cars or premium cars. According to ACEA, there are currently 301 automobile factories operational across Europe, producing passenger cars, light commercial vehicles, heavy-duty vehicles, buses, engines, and batteries, as of 2022. Following the move of much of the European car industry's production to Eastern Europe, Africa is the next point for automotive production and a growing consumer market.
The main drivers propelling this market’s rise are the increase in demand for passenger cars brought on by the surge in the number of middle-income groups and the improvement in the standard of living in emerging nations. Consumers are increasingly gravitating toward passenger vehicles due to their affordability factor.
The ICE segment led the active grille shutter market with a significant share in 2021. It is further expected to dominate the market share over the forecast period.
Italy, France and China are expected to register high growth rates during the forecast period.
The active grille shutter market was dominated by Europe, with more than 40% share in 2021 and will continue to dominate the market till 2028.
The US held the largest market share in 2021, followed by Germany and China.
The major companies in active grille shutter market includes Valeo; HBPO GmbH; Magna International Inc; Röchling SE & Co. KG; SRG Global; SHAPE Corporation; Standard Motor Products Inc.; Techniplas, LLC; Wirthwein AG; and Starlite
The horizontal segment led the active grille shutter market with more than 80% share in 2021. It is further expected to dominate the market over the forecast period.
The active grille shutter market is expected to reach US$ 3,094.60 million by 2028.
The incremental growth, expected to be recorded for the active grille shutter market during the forecast period, is US$ 829.61 million.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Active Grille Shutter Market – By Propulsion Type
1.3.2 Active Grille Shutter Market – By Vane Type
1.3.3 Active Grille Shutter Market – By Vehicle Type
1.3.4 Active Grille Shutter Market- By Region
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Active Grille Shutter Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 APAC
4.2.4 MEA
4.2.5 SAM
4.3 Ecosystem Analysis
4.4 Expert Opinion
4.5 Premium Insights
4.5.1 Tier 1 Customer List
5. Active Grille Shutter Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Surge in Demand for Passenger Vehicles
5.1.2 Increasing Demand for Lightweight AGS in Energy-efficient Vehicles
5.2 Market Restraints
5.2.1 High Cost of AGS and Lack of Awareness Among Customers
5.3 Market Opportunities
5.3.1 Growing Demand for AGS for Super Sports Car or Premium Cars
5.4 Future Trends
5.4.1 Increasing Adoption of EV and Hybrid EV
5.5 Impact Analysis of Drivers and Restraints
6. Active Grille Shutter Market – Global Analysis
6.1 Global Active Grille Shutter Market Overview
6.2 Active Grille Shutter Market – Revenue and Forecast to 2028 (US$ Million)
6.3 Market Positioning – Five Key Players
7. Active Grille Shutter Market Analysis – By Propulsion Type
7.1 Overview
7.2 Active Grille Shutter Market, By Propulsion Type (2021 and 2028)
7.3 ICE
7.3.1 Overview
7.3.2 ICE: Active Grille Shutter Market- Revenue and Forecast to 2028 (US$ Million)
7.4 Electric
7.4.1 Overview
7.4.2 Electric: Active Grille Shutter Market- Revenue and Forecast to 2028 (US$ Million)
8. Active Grille Shutter Market Analysis – By Vane Type
8.1 Overview
8.2 Active Grille Shutter Market, By Vane Type (2021 and 2028)
8.3 Horizontal
8.3.1 Overview
8.3.2 Horizontal: Active Grille Shutter Market- Revenue and Forecast to 2028 (US$ Million)
8.4 Vertical
8.4.1 Overview
8.4.2 Vertical: Active Grille Shutter Market- Revenue and Forecast to 2028 (US$ Million)
9. Active Grille Shutter Market Analysis – By Vehicle Type
9.1 Overview
9.2 Active Grille Shutter Market Breakdown, By Vehicle Type, 2021 & 2028
9.3 Passenger Vehicles
9.3.1 Overview
9.3.2 Passenger Vehicles Market Revenue and Forecast to 2028 (US$ Million)
9.4 LCV
9.4.1 Overview
9.4.2 LCV Market Revenue and Forecast to 2028 (US$ Million)
9.5 HCV
9.5.1 Overview
9.5.2 HCV Market Revenue and Forecast to 2028 (US$ Million)
10. Active Grille Shutter Market – Geographic Analysis
10.1 Overview
10.2 North America: Active Grille Shutter Market
10.2.1 Overview
10.2.2 North America Active Grille Shutter Market, Revenue and Forecast to 2028 (US$ Million)
10.2.3 North America Active Grille Shutter Market Breakdown, By Propulsion Type
10.2.4 North America Active Grille Shutter Market Breakdown, By Vane Type
10.2.5 North America Active Grille Shutter Market Breakdown, By Vehicle Type
10.2.6 North America Active Grille Shutter Market Breakdown, by Country
10.2.6.1 US Active Grille Shutter Market, Revenue and Forecast to 2028
10.2.6.1.1 US Active Grille Shutter Market Breakdown, By Propulsion Type
10.2.6.1.2 US Active Grille Shutter Market Breakdown, By Vane Type
10.2.6.1.3 US Active Grille Shutter Market Breakdown, By Vehicle Type
10.2.6.2 Canada Active Grille Shutter Market, Revenue and Forecast to 2028
10.2.6.2.1 Canada Active Grille Shutter Market Breakdown, By Propulsion Type
10.2.6.2.2 Canada Active Grille Shutter Market Breakdown, By Vane Type
10.2.6.2.3 Canada Active Grille Shutter Market Breakdown, By Vehicle Type
10.2.6.3 Mexico Active Grille Shutter Market, Revenue and Forecast to 2028
10.2.6.3.1 Mexico Active Grille Shutter Market Breakdown, By Propulsion Type
10.2.6.3.2 Mexico Active Grille Shutter Market Breakdown, By Vane Type
10.2.6.3.3 Mexico Active Grille Shutter Market Breakdown, By Vehicle Type
10.3 Europe: Active Grille Shutter Market
10.3.1 Overview
10.3.2 Europe Active Grille Shutter Market Revenue and Forecast to 2028 (US$ Million)
10.3.3 Europe Active Grille Shutter Market Breakdown, By Propulsion Type
10.3.4 Europe Active Grille Shutter Market Breakdown, By Vane Type
10.3.5 Europe Active Grille Shutter Market Breakdown, By Vehicle Type
10.3.6 Europe Active Grille Shutter Market Breakdown, by Country
10.3.6.1 Germany Active Grille Shutter Market, Revenue and Forecast to 2028
10.3.6.1.1 Germany Active Grille Shutter Market Breakdown, By Propulsion Type
10.3.6.1.2 Germany Active Grille Shutter Market Breakdown, By Vane Type
10.3.6.1.3 Germany Active Grille Shutter Market Breakdown, By Vehicle Type
10.3.6.2 France Active Grille Shutter Market, Revenue and Forecast to 2028
10.3.6.2.1 France Active Grille Shutter Market Breakdown, By Propulsion Type
10.3.6.2.2 France Active Grille Shutter Market Breakdown, By Vane Type
10.3.6.2.3 France Active Grille Shutter Market Breakdown, By Vehicle Type
10.3.6.3 Italy Active Grille Shutter Market, Revenue and Forecast to 2028
10.3.6.3.1 Italy Active Grille Shutter Market Breakdown, By Propulsion Type
10.3.6.3.2 Italy Active Grille Shutter Market Breakdown, By Vane Type
10.3.6.3.3 Italy Active Grille Shutter Market Breakdown, By Vehicle Type
10.3.6.4 UK Active Grille Shutter Market, Revenue and Forecast to 2028
10.3.6.4.1 UK Active Grille Shutter Market Breakdown, By Propulsion Type
10.3.6.4.2 UK Active Grille Shutter Market Breakdown, By Vane Type
10.3.6.4.3 UK Active Grille Shutter Market Breakdown, By Vehicle Type
10.3.6.5 Russia Active Grille Shutter Market, Revenue and Forecast to 2028
10.3.6.5.1 Russia Active Grille Shutter Market Breakdown, By Propulsion Type
10.3.6.5.2 Russia Active Grille Shutter Market Breakdown, By Vane Type
10.3.6.5.3 Russia Active Grille Shutter Market Breakdown, By Vehicle Type
10.3.6.6 Rest of Europe Active Grille Shutter Market, Revenue and Forecast to 2028
10.3.6.6.1 Rest of Europe Active Grille Shutter Market Breakdown, By Propulsion Type
10.3.6.6.2 Rest of Europe Active Grille Shutter Market Breakdown, By Vane Type
10.3.6.6.3 Rest of Europe Active Grille Shutter Market Breakdown, By Vehicle Type
10.4 APAC: Active Grille Shutter Market
10.4.1 Overview
10.4.2 APAC Active Grille Shutter Market, Revenue and Forecast to 2028 (US$ Million)
10.4.3 APAC Active Grille Shutter Market Breakdown, By Propulsion Type
10.4.4 APAC Active Grille Shutter Market Breakdown, By Vane Type
10.4.5 APAC Active Grille Shutter Market Breakdown, By Vehicle Type
10.4.6 APAC Active Grille Shutter Market Breakdown, by Country
10.4.6.1 China Active Grille Shutter Market, Revenue and Forecast to 2028 (US$ Million)
10.4.6.1.1 China Active Grille Shutter Market Breakdown, By Propulsion Type
10.4.6.1.2 China Active Grille Shutter Market Breakdown, By Vane Type
10.4.6.1.3 China Active Grille Shutter Market Breakdown, By Vehicle Type
10.4.6.2 India Active Grille Shutter Market, Revenue and Forecast to 2028 (US$ Million)
10.4.6.2.1 India Active Grille Shutter Market Breakdown, By Propulsion Type
10.4.6.2.2 India Active Grille Shutter Market Breakdown, By Vane Type
10.4.6.2.3 India Active Grille Shutter Market Breakdown, By Vehicle Type
10.4.6.3 Japan Active Grille Shutter Market, Revenue and Forecast to 2028 (US$ Million)
10.4.6.3.1 Japan Active Grille Shutter Market Breakdown, By Propulsion Type
10.4.6.3.2 Japan Active Grille Shutter Market Breakdown, By Vane Type
10.4.6.3.3 Japan Active Grille Shutter Market Breakdown, By Vehicle Type
10.4.6.4 South Korea Active Grille Shutter Market, Revenue and Forecast to 2028 (US$ Million)
10.4.6.4.1 South Korea Active Grille Shutter Market Breakdown, By Propulsion Type
10.4.6.4.2 South Korea Active Grille Shutter Market Breakdown, By Vane Type
10.4.6.4.3 South Korea Active Grille Shutter Market Breakdown, By Vehicle Type
10.4.6.5 Rest of APAC Active Grille Shutter Market, Revenue and Forecast to 2028 (US$ Million)
10.4.6.5.1 Rest of APAC Active Grille Shutter Market Breakdown, By Propulsion Type
10.4.6.5.2 Rest of APAC Active Grille Shutter Market Breakdown, By Vane Type
10.4.6.5.3 Rest of APAC Active Grille Shutter Market Breakdown, By Vehicle Type
10.5 MEA: Active Grille Shutter Market
10.5.1 Overview
10.5.2 MEA Active Grille Shutter Market, Revenue and Forecast to 2028 (US$ Million)
10.5.3 MEA Active Grille Shutter Market Breakdown, By Propulsion Type
10.5.4 MEA Active Grille Shutter Market Breakdown, By Vane Type
10.5.5 MEA Active Grille Shutter Market Breakdown, By Vehicle Type
10.5.6 MEA Active Grille Shutter Market Breakdown, By Country
10.5.6.1 South Africa Active Grille Shutter Market, Revenue and Forecast to 2028 (US$ Million)
10.5.6.1.1 South Africa Active Grille Shutter Market Breakdown, By Propulsion Type
10.5.6.1.2 South Africa Active Grille Shutter Market Breakdown, By Vane Type
10.5.6.1.3 South Africa Active Grille Shutter Market Breakdown, By Vehicle Type
10.5.6.2 Saudi Arabia Active Grille Shutter Market, Revenue and Forecast to 2028 (US$ Million)
10.5.6.2.1 Saudi Arabia Active Grille Shutter Market Breakdown, By Propulsion Type
10.5.6.2.2 Saudi Arabia Active Grille Shutter Market Breakdown, By Vane Type
10.5.6.2.3 Saudi Arabia Active Grille Shutter Market Breakdown, By Vehicle Type
10.5.6.3 UAE Active Grille Shutter Market, Revenue and Forecast to 2028 (US$ Million)
10.5.6.3.1 UAE Active Grille Shutter Market Breakdown, By Propulsion Type
10.5.6.3.2 UAE Active Grille Shutter Market Breakdown, By Vane Type
10.5.6.3.3 UAE Active Grille Shutter Market Breakdown, By Vehicle Type
10.5.6.4 Rest of MEA Active Grille Shutter Market, Revenue and Forecast to 2028 (US$ Million)
10.5.6.4.1 Rest of MEA Active Grille Shutter Market Breakdown, By Propulsion Type
10.5.6.4.2 Rest of MEA Active Grille Shutter Market Breakdown, By Vane Type
10.5.6.4.3 Rest of MEA Active Grille Shutter Market Breakdown, By Vehicle Type
10.6 SAM: Active Grille Shutter Market
10.6.1 Overview
10.6.2 SAM Active Grille Shutter Market, Revenue and Forecast to 2028 (US$ Million)
10.6.3 SAM Active Grille Shutter Market Breakdown, By Propulsion Type
10.6.4 SAM Active Grille Shutter Market Breakdown, By Vane Type
10.6.5 SAM Active Grille Shutter Market Breakdown, By Vehicle Type
10.6.6 SAM Active Grille Shutter Market Breakdown, by Country
10.6.6.1 Brazil Active Grille Shutter Market, Revenue and Forecast to 2028
10.6.6.1.1 Brazil Active Grille Shutter Market Breakdown, By Propulsion Type
10.6.6.1.2 Brazil Active Grille Shutter Market Breakdown, By Vane Type
10.6.6.1.3 Brazil Active Grille Shutter Market Breakdown, By Vehicle Type
10.6.6.2 Argentina Active Grille Shutter Market, Revenue and Forecast to 2028
10.6.6.2.1 Argentina Active Grille Shutter Market Breakdown, By Propulsion Type
10.6.6.2.2 Argentina Active Grille Shutter Market Breakdown, By Vane Type
10.6.6.2.3 Argentina Active Grille Shutter Market Breakdown, By Vehicle Type
10.6.6.3 Rest of SAM Active Grille Shutter Market, Revenue and Forecast to 2028
10.6.6.3.1 Rest of SAM Active Grille Shutter Market Breakdown, By Propulsion Type
10.6.6.3.2 Rest of SAM Active Grille Shutter Market Breakdown, By Vane Type
10.6.6.3.3 Rest of SAM Active Grille Shutter Market Breakdown, By Vehicle Type
11. Impact of COVID-19 Pandemic on Global Active Grille Shutter Market
11.1 Overview
11.2 North America: Impact Assessment of COVID-19 Pandemic
11.3 Europe: Impact Assessment of COVID-19 Pandemic
11.4 APAC: Impact Assessment of COVID-19 Pandemic
11.5 MEA: Impact Assessment of COVID-19 Pandemic
11.6 SAM Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 Merger and Acquisition
12.4 New Product Development
13. Company Profiles
13.1 Valeo SA
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 HBPO GmbH
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Magna International Inc.
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Röchling SE & Co. KG
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 SRG Global Inc.
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 SHAPE CORPORATION
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 STANDARD MOTOR PRODUCTS INC.
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 TECHNIPLAS US LLC
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 WIRTHWEIN AG
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 STARLITE CO., LTD.
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. Active Grille Shutter Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. North America Active Grille Shutter Market, Revenue and Forecast To 2028 – By Propulsion Type (US$ Million)
Table 3. North America Active Grille Shutter Market, Revenue and Forecast To 2028 – By Vane Type (US$ Million)
Table 4. North America Active Grille Shutter Market, Revenue and Forecast To 2028 – By Vehicle Type (US$ Million)
Table 5. North America Active Grille Shutter Market, Revenue and Forecast To 2028 – By Country (US$ Million)
Table 6. US Active Grille Shutter Market, Revenue and Forecast to 2028 – By Propulsion Type (US$ Million)
Table 7. US Active Grille Shutter Market, Revenue and Forecast to 2028 – By Vane Type (US$ Million)
Table 8. US Active Grille Shutter Market, Revenue and Forecast to 2028 – By Vehicle Type (US$ Million)
Table 9. Canada Active Grille Shutter Market, Revenue and Forecast to 2028 – By Propulsion Type (US$ Million)
Table 10. Canada Active Grille Shutter Market, Revenue and Forecast to 2028 – By Vane Type (US$ Million)
Table 11. Canada Active Grille Shutter Market, Revenue and Forecast to 2028 – By Vehicle Type (US$ Million)
Table 12. Mexico Active Grille Shutter Market, Revenue and Forecast to 2028 – By Propulsion Type (US$ Million)
Table 13. Mexico Active Grille Shutter Market, Revenue and Forecast to 2028 – By Vane Type (US$ Million)
Table 14. Mexico Active Grille Shutter Market, Revenue and Forecast to 2028 – By Vehicle Type (US$ Million)
Table 15. Europe Active Grille Shutter Market, Revenue and Forecast To 2028 – By Propulsion Type (US$ Million)
Table 16. Europe Active Grille Shutter Market, Revenue and Forecast To 2028 – By Vane Type (US$ Million)
Table 17. Europe Active Grille Shutter Market, Revenue and Forecast To 2028 – By Vehicle Type (US$ Million)
Table 18. Europe Active Grille Shutter Market, Revenue and Forecast To 2028 – By Country (US$ Million)
Table 19. Germany Active Grille Shutter Market, Revenue and Forecast to 2028 – By Propulsion Type (US$ Million)
Table 20. Germany Active Grille Shutter Market, Revenue and Forecast to 2028 – By Vane Type (US$ Million)
Table 21. Germany Active Grille Shutter Market, Revenue and Forecast to 2028 – By Vehicle Type (US$ Million)
Table 22. France Active Grille Shutter Market, Revenue and Forecast to 2028 – By Propulsion Type (US$ Million)
Table 23. France Active Grille Shutter Market, Revenue and Forecast to 2028 – By Vane Type (US$ Million)
Table 24. France Active Grille Shutter Market, Revenue and Forecast to 2028 – By Vehicle Type (US$ Million)
Table 25. Italy Active Grille Shutter Market, Revenue and Forecast to 2028 – By Propulsion Type (US$ Million)
Table 26. Italy Active Grille Shutter Market, Revenue and Forecast to 2028 – By Vane Type (US$ Million)
Table 27. Italy Active Grille Shutter Market, Revenue and Forecast to 2028 – By Vehicle Type (US$ Million)
Table 28. UK Active Grille Shutter Market, Revenue and Forecast to 2028 – By Propulsion Type (US$ Million)
Table 29. UK Active Grille Shutter Market, Revenue and Forecast to 2028 – By Vane Type (US$ Million)
Table 30. UK Active Grille Shutter Market, Revenue and Forecast to 2028 – By Vehicle Type (US$ Million)
Table 31. Russia Active Grille Shutter Market, Revenue and Forecast to 2028 – By Propulsion Type (US$ Million)
Table 32. Russia Active Grille Shutter Market, Revenue and Forecast to 2028 – By Vane Type (US$ Million)
Table 33. Russia Active Grille Shutter Market, Revenue and Forecast to 2028 – By Vehicle Type (US$ Million)
Table 34. Rest of Europe Active Grille Shutter Market, Revenue and Forecast to 2028 – By Propulsion Type (US$ Million)
Table 35. Rest of Europe Active Grille Shutter Market, Revenue and Forecast to 2028 – By Vane Type (US$ Million)
Table 36. Rest of Europe Active Grille Shutter Market, Revenue and Forecast to 2028 – By Vehicle Type (US$ Million)
Table 37. APAC Active Grille Shutter Market, Revenue and Forecast To 2028 – By Propulsion Type (US$ Million)
Table 38. APAC Active Grille Shutter Market, Revenue and Forecast To 2028 – By Vane Type (US$ Million)
Table 39. APAC Active Grille Shutter Market, Revenue and Forecast To 2028 – By Vehicle Type (US$ Million)
Table 40. APAC Active Grille Shutter Market, Revenue and Forecast To 2028 – By Country (US$ Million)
Table 41. China Active Grille Shutter Market, Revenue and Forecast to 2028 – By Propulsion Type (US$ Million)
Table 42. China Active Grille Shutter Market, Revenue and Forecast to 2028 – By Vane Type (US$ Million)
Table 43. China Active Grille Shutter Market, Revenue and Forecast to 2028 – By Vehicle Type (US$ Million)
Table 44. India Active Grille Shutter Market, Revenue and Forecast to 2028 – By Propulsion Type (US$ Million)
Table 45. India Active Grille Shutter Market, Revenue and Forecast to 2028 – By Vane Type (US$ Million)
Table 46. India Active Grille Shutter Market, Revenue and Forecast to 2028 – By Vehicle Type (US$ Million)
Table 47. Japan Active Grille Shutter Market, Revenue and Forecast to 2028 – By Propulsion Type (US$ Million)
Table 48. Japan Active Grille Shutter Market, Revenue and Forecast to 2028 – By Vane Type (US$ Million)
Table 49. Japan Active Grille Shutter Market, Revenue and Forecast to 2028 – By Vehicle Type (US$ Million)
Table 50. South Korea Active Grille Shutter Market, Revenue and Forecast to 2028 – By Propulsion Type (US$ Million)
Table 51. South Korea Active Grille Shutter Market, Revenue and Forecast to 2028 – By Vane Type (US$ Million)
Table 52. South Korea Active Grille Shutter Market, Revenue and Forecast to 2028 – By Vehicle Type (US$ Million)
Table 53. Rest of APAC Active Grille Shutter Market, Revenue and Forecast to 2028 – By Propulsion Type (US$ Million)
Table 54. Rest of APAC Active Grille Shutter Market, Revenue and Forecast to 2028 – By Vane Type (US$ Million)
Table 55. Rest of APAC Active Grille Shutter Market, Revenue and Forecast to 2028 – By Vehicle Type (US$ Million)
Table 56. MEA Active Grille Shutter Market, Revenue and Forecast To 2028 – By Propulsion Type (US$ Million)
Table 57. MEA Active Grille Shutter Market, Revenue and Forecast To 2028 – By Vane Type (US$ Million)
Table 58. MEA Active Grille Shutter Market, Revenue and Forecast To 2028 – By Vehicle Type (US$ Million)
Table 59. MEA Active Grille Shutter Market, Revenue and Forecast to 2028 – By Country (US$ Million)
Table 60. South Africa Active Grille Shutter Market, Revenue and Forecast to 2028 – By Propulsion Type (US$ Million)
Table 61. South Africa Active Grille Shutter Market, Revenue and Forecast to 2028 – By Vane Type (US$ Million)
Table 62. South Africa Active Grille Shutter Market, Revenue and Forecast to 2028 – By Vehicle Type (US$ Million)
Table 63. Saudi Arabia Active Grille Shutter Market, Revenue and Forecast to 2028 – By Propulsion Type (US$ Million)
Table 64. Saudi Arabia Active Grille Shutter Market, Revenue and Forecast to 2028 – By Vane Type (US$ Million)
Table 65. Saudi Arabia Active Grille Shutter Market, Revenue and Forecast to 2028 – By Vehicle Type (US$ Million)
Table 66. UAE Active Grille Shutter Market, Revenue and Forecast to 2028 – By Propulsion Type (US$ Million)
Table 67. UAE Active Grille Shutter Market, Revenue and Forecast to 2028 – By Vane Type (US$ Million)
Table 68. UAE Active Grille Shutter Market, Revenue and Forecast to 2028 – By Vehicle Type (US$ Million)
Table 69. Rest of MEA Active Grille Shutter Market, Revenue and Forecast to 2028 – By Propulsion Type (US$ Million)
Table 70. Rest of MEA Active Grille Shutter Market, Revenue and Forecast to 2028 – By Vane Type (US$ Million)
Table 71. Rest of MEA Active Grille Shutter Market, Revenue and Forecast to 2028 – By Vehicle Type (US$ Million)
Table 72. SAM Active Grille Shutter Market, Revenue and Forecast To 2028 – By Propulsion Type (US$ Million)
Table 73. SAM Active Grille Shutter Market, Revenue and Forecast To 2028 – By Vane Type (US$ Million)
Table 74. SAM Active Grille Shutter Market, Revenue and Forecast To 2028 – By Vehicle Type (US$ Million)
Table 75. SAM Active Grille Shutter Market, Revenue and Forecast To 2028 – By Country (US$ Million)
Table 76. Brazil Active Grille Shutter Market, Revenue and Forecast to 2028 – By Propulsion Type (US$ Million)
Table 77. Brazil Active Grille Shutter Market, Revenue and Forecast to 2028 – By Vane Type (US$ Million)
Table 78. Brazil Active Grille Shutter Market, Revenue and Forecast to 2028 – By Vehicle Type (US$ Million)
Table 79. Argentina Active Grille Shutter Market, Revenue and Forecast to 2028 – By Propulsion Type (US$ Million)
Table 80. Argentina Active Grille Shutter Market, Revenue and Forecast to 2028 – By Vane Type (US$ Million)
Table 81. Argentina Active Grille Shutter Market, Revenue and Forecast to 2028 – By Vehicle Type (US$ Million)
Table 82. Rest of SAM Active Grille Shutter Market, Revenue and Forecast to 2028 – By Propulsion Type (US$ Million)
Table 83. Rest of SAM Active Grille Shutter Market, Revenue and Forecast to 2028 – By Vane Type (US$ Million)
Table 84. Rest of SAM Active Grille Shutter Market, Revenue and Forecast to 2028 – By Vehicle Type (US$ Million)
Table 85. List of Abbreviation
LIST OF FIGURES
Figure 1. Active Grille Shutter Market Segmentation
Figure 2. Active Grille Shutter Market Segmentation – By Geography
Figure 3. Global Active Grille Shutter Market Overview
Figure 4. ICE Segment held the Largest Share of Active Grille Shutter Market
Figure 5. Horizontal Segment held the Largest Share of Active Grille Shutter Market
Figure 6. Passenger Vehicles Segment held the Largest Share of Active Grille Shutter Market
Figure 7. APAC to Show Great Traction During Forecast Period
Figure 8. North America: PEST Analysis
Figure 9. Europe: PEST Analysis
Figure 10. Asia-Pacific: PEST Analysis
Figure 11. Middle East and Africa: PEST Analysis
Figure 12. South America: PEST Analysis
Figure 13. Expert Opinion
Figure 14. Tier 1 Customer List
Figure 15. Active Grille Shutter Market Impact Analysis of Drivers and Restraints
Figure 16. Geographic Overview of Active Grille Shutter Market
Figure 17. Active Grille Shutter Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Active Grille Shutter Market Revenue Share, By Propulsion Type (2021 and 2028)
Figure 19. ICE: Active Grille Shutter Market- Revenue and Forecast to 2028 (US$ Million)
Figure 20. Electric: Active Grille Shutter Market- Revenue and Forecast to 2028 (US$ Million)
Figure 21. Active Grille Shutter Market Revenue Share, By Vane Type (2021 and 2028)
Figure 22. Horizontal: Active Grille Shutter Market- Revenue and Forecast to 2028 (US$ Million)
Figure 23. Vertical: Active Grille Shutter Market- Revenue and Forecast to 2028 (US$ Million)
Figure 24. Active Grille Shutter Market Breakdown, By Vehicle Type (2021 and 2028)
Figure 25. Passenger Vehicles Market Revenue and Forecast to 2028 (US$ Million)
Figure 26. LCV Market Revenue and Forecast to 2028 (US$ Million)
Figure 27. HCV Market Revenue and Forecast to 2028 (US$ Million)
Figure 28. Global Active Grille Shutter Market Breakdown, by Region, 2021 & 2028 (%)
Figure 29. North America Active Grille Shutter Market, Revenue and Forecast to 2028 (US$ Million)
Figure 30. North America Active Grille Shutter Market Breakdown, By Propulsion Type, 2021 & 2028 (%)
Figure 31. North America Active Grille Shutter Market Breakdown, By Vane Type, 2021 & 2028 (%)
Figure 32. North America Active Grille Shutter Market Breakdown, By Vehicle Type, 2021 & 2028 (%)
Figure 33. North America Active Grille Shutter Market Breakdown, by Country, 2021 & 2028 (%)
Figure 34. US Active Grille Shutter Market, Revenue and Forecast to 2028 (US$ Million)
Figure 35. Canada Active Grille Shutter Market, Revenue and Forecast to 2028 (US$ Million)
Figure 36. Mexico Active Grille Shutter Market, Revenue and Forecast to 2028 (US$ Million)
Figure 37. Europe Active Grille Shutter Market, Revenue and Forecast To 2028 (US$ Million)
Figure 38. Europe Active Grille Shutter Market Breakdown, By Propulsion Type, 2021 & 2028 (%)
Figure 39. Europe Active Grille Shutter Market Breakdown, By Vane Type, 2021 & 2028 (%)
Figure 40. Europe Active Grille Shutter Market Breakdown, By Vehicle Type, 2021 & 2028 (%)
Figure 41. Europe Active Grille Shutter Market Breakdown, by Country, 2021 & 2028 (%)
Figure 42. Germany Active Grille Shutter Market, Revenue and Forecast to 2028 (US$ Million)
Figure 43. France Active Grille Shutter Market, Revenue and Forecast to 2028 (US$ Million)
Figure 44. Italy Active Grille Shutter Market, Revenue and Forecast to 2028 (US$ Million)
Figure 45. UK Active Grille Shutter Market, Revenue and Forecast to 2028 (US$ Million)
Figure 46. Russia Active Grille Shutter Market, Revenue and Forecast to 2028 (US$ Million)
Figure 47. Rest of Europe Active Grille Shutter Market, Revenue and Forecast to 2028 (US$ Million)
Figure 48. APAC Active Grille Shutter Market, Revenue and Forecast To 2028 (US$ Million)
Figure 49. APAC Active Grille Shutter Market Breakdown, By Propulsion Type, 2021 & 2028 (%)
Figure 50. APAC Active Grille Shutter Market Breakdown, By Vane Type, 2021 & 2028 (%)
Figure 51. APAC Active Grille Shutter Market Breakdown, By Vehicle Type, 2021 & 2028 (%)
Figure 52. APAC Active Grille Shutter Market Breakdown, by Country, 2021 & 2028 (%)
Figure 53. China Active Grille Shutter Market, Revenue and Forecast To 2028 (US$ Million)
Figure 54. India Active Grille Shutter Market, Revenue and Forecast To 2028 (US$ Million)
Figure 55. Japan Active Grille Shutter Market, Revenue and Forecast To 2028 (US$ Million)
Figure 56. South Korea Active Grille Shutter Market, Revenue and Forecast To 2028 (US$ Million)
Figure 57. Rest of APAC Active Grille Shutter Market, Revenue and Forecast To 2028 (US$ Million)
Figure 58. MEA Active Grille Shutter Market, Revenue and Forecast to 2028 (US$ Million)
Figure 59. MEA Active Grille Shutter Market Breakdown, By Propulsion Type, 2021 & 2028 (%)
Figure 60. MEA Active Grille Shutter Market Breakdown, By Vane Type, 2021 & 2028 (%)
Figure 61. MEA Active Grille Shutter Market Breakdown, By Vehicle Type, 2021 & 2028 (%)
Figure 62. MEA Active Grille Shutter Market Breakdown, By Country, 2021 & 2028 (%)
Figure 63. South Africa Active Grille Shutter Market, Revenue and Forecast To 2028 (US$ Million)
Figure 64. Saudi Arabia Active Grille Shutter Market, Revenue and Forecast To 2028 (US$ Million)
Figure 65. UAE Active Grille Shutter Market, Revenue and Forecast To 2028 (US$ Million)
Figure 66. Rest of MEA Active Grille Shutter Market, Revenue and Forecast To 2028 (US$ Million)
Figure 67. SAM Active Grille Shutter Market, Revenue and Forecast to 2028 (US$ Million)
Figure 68. SAM Active Grille Shutter Market Breakdown, By Propulsion Type, 2021 & 2028 (%)
Figure 69. SAM Active Grille Shutter Market Breakdown, By Vane Type, 2021 & 2028 (%)
Figure 70. SAM Active Grille Shutter Market Breakdown, By Vehicle Type, 2021 & 2028 (%)
Figure 71. SAM Active Grille Shutter Market Breakdown, by Country, 2021 & 2028 (%)
Figure 72. Brazil Active Grille Shutter Market, Revenue and Forecast to 2028 (US$ Million)
Figure 73. Argentina Active Grille Shutter Market, Revenue and Forecast to 2028 (US$ Million)
Figure 74. Rest of SAM Active Grille Shutter Market, Revenue and Forecast to 2028 (US$ Million)
Figure 75. Impact of COVID-19 Pandemic in North American Country Markets
Figure 76. Impact of COVID-19 Pandemic in Europe Country Markets
Figure 77. Impact of COVID-19 Pandemic in APAC Country Markets
Figure 78. Impact of COVID-19 Pandemic in MEA Country Markets
Figure 79. Impact of COVID-19 Pandemic in South America Country Markets
The List of Companies - Active Grille Shutters Market
- Valeo SA
- HBPO GmbH
- Magna International Inc.
- Röchling SE & Co. KG
- SRG Global Inc.
- SHAPE Corporation
- Standard Motor Products Inc.
- Techniplas, LLC
- Wirthwein AG
- STARLITE Co., Ltd.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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