Active Grille Shutter Market: Insights Into Trends, Revenue, And Opportunities From 2017-2027

According to a report by TechSci Research titled "Global Active Grille Shutter Market By Shutter Type, Vehicle Type, Vanes Type, Region, Competition Forecast & Opportunities, 2027," the active grille shutter market is projected to grow from an estimated $1.1 billion in 2022 to $1.9 billion in 2027. Active grille shutters offer several advantages, including a more than 30% improvement in vehicle aerodynamics compared to non-active grille shutter vehicles and up to 20% weight reduction. These benefits contribute to the market's growth, driven by increased fuel efficiency and reduced carbon dioxide emissions. Active grille shutters also enhance the aesthetics, speed, and handling of vehicles by improving their aerodynamics. North America dominates the market due to higher sales of premium vehicles, and it is expected to maintain its market share as premium vehicle sales continue to rise until 2027. Asia-Pacific remains the second-largest market, followed by Europe.

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The global active grille shutter market can be segmented based on shutter type, vehicle type, vanes type, and region. Among the vanes types, horizontal vanes hold the largest market share and are expected to maintain their position throughout the forecast period. Non-visible active grille shutters dominate the market under the shutter type segment, as they are easy to place behind the grille and offer superior aerodynamics compared to visible active grille shutters.

Leading players in the global active grille shutter market include Valeo, Johnson Electric, Shape Corporation, SRG Global, Magna International, HBPO Gmbh, Brose Fahrzeugteile GmbH & Co. KG, Coburg, Starlite Co, Techniplas LLC, and others. Mr. Karan Chechi, Research Director at TechSci Research, commented, "The demand for vehicles equipped with active grille shutters is expected to increase in the coming years due to the various advantages they offer, such as improved fuel efficiency and aerodynamics for better vehicle performance. Therefore, robust growth is anticipated in the global market, especially in Asia-Pacific and North America."

The report "Global Active Grille Shutter Market By Shutter Type, Vehicle Type, Vanes Type, Region, Competition Forecast & Opportunities, 2027" evaluates the future growth potential of the global active grille shutter market and provides comprehensive statistics, market size information, and insights into future market growth. It aims to provide cutting-edge market intelligence to help decision-makers make informed investment decisions. Additionally, the report identifies and analyzes emerging trends, as well as essential drivers, challenges, and opportunities in the global active grille shutter market.

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About TechSci Research:

TechSci Research is a research-based management consulting firm providing market research and advisory solutions to its customers worldwide, spanning a range of industries. TechSci Research’s core values are value, integrity and insight. Led by a team of dynamic industry experts, TechSci Research provides its customers with high value market research and advisory services that helps them identify new market opportunities, growth engines and innovative ways to capture the market share. As a result, TechSci’s client leads rather than follow market trends. Not bound by legacy, TechSci’s cutting-edge research model leverages its decades of research knowledge and an increased use of technology as engines of innovation to deliver unique research value. Provided as an alternative to traditional market research, TechSci Research reports do not just deliver data and knowledge rather highlights the insights in a more usable and interactive format for its clients.

 

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