Active Grille Shutter Market 2018-2027: Regional Analysis and Forecast | Techsci Research

The global active grille shutter market is projected to exceed $1.9 billion by 2027, according to the TechSci Research report titled "Global Active Grille Shutter Market By Shutter Type, By Vehicle Type, By Vanes Type, By Region, Competition Forecast & Opportunities, 2027". The market's growth is primarily driven by the increase in fuel efficiency of vehicles and reduced carbon dioxide emissions, with active grille shutter being a vital component that enhances vehicle aerodynamics, looks, speed and handling. The North American region currently holds the largest market share due to the higher sales of premium vehicles compared to other regions. This trend is expected to continue during the forecast period, as the region is predicted to witness a year-on-year increase in premium vehicle sales until 2027. Meanwhile, Asia-Pacific is projected to maintain its position as the second largest market for active grille shutters, followed by Europe.

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TechSci Research report titled “Global Active Grille Shutter Market By Shutter Type, By Vehicle Type, By Vanes Type, By Region, Competition Forecast & Opportunities, 2027” indicates that the global active grille shutter market is segmented based on shutter type, vehicle type, vanes type, and region. Among these, horizontal vanes type holds the largest market share in 2019 and is expected to maintain its dominant position throughout the forecast period. The non-visible active grille shutter type is leading the global market as it provides better aerodynamics and is easy to install behind the grille. Leading players in the market include Valeo, Johnson Electric, Shape Corporation, SRG Global, Magna International, HBPO Gmbh, Brose Fahrzeugteile GmbH & Co. KG, Coburg, Starlite Co, Techniplas LLC., among others. The report suggests that the demand for active grille shutters is expected to increase in the coming years due to their advantages such as improved fuel efficiency and aerodynamics, resulting in robust growth of the market, especially in Asia-Pacific and North America. Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm, states this forecast.

“Global Active Grille Shutter Market By Shutter Type, By Vehicle Type, By Vanes Type, By Region, Competition Forecast & Opportunities, 2027” 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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