Global Active Grille Shutter Market Overview:
Active grille shutters are intended to limit air flow from the front grille after a vehicle has reached a speed of more than 19 mph. Active grille shutters are used to improve the aerodynamics of the vehicle in order to reduce air drag and load on the engine, resulting in a higher fuel rating and lower emissions. Active grille shutters reduce air drag by an average of 9%, or by 25 aerodynamic points. Demand for active grille shutters has grown steadily over the last decade, and this trend is expected to gain traction in the coming years as consumers become more concerned with improving vehicle performance by reducing aerodynamic drag and increasing fuel efficiency.
|Unit||Value (USD Million)|
|Key Companies Profiled||Rochling Group (Germany), Brose Fahrzeugteile (Germany), Magna International Inc. (Canada), Valeo SA (France), SRG Global (United States), HBPO GmbH (Germany), Shape Corporation (United States), Aisin Corporation (Japan), Yamaguchi Starlite Ltd. (Japan), Sonceboz SA (Switzerland) and Continental AG (Germany)|
|Customization Scope||Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility|
- Rise in Demand for Vehicles with Higher Fuel-Efficiency and Emphasis of Automakers on Achieving Aerodynamic Vehicle Body to Reduce Air Drag
- Increasing Stringency of Vehicle Emissions to Drive the AGS Market
- High Cost associated with AGS Technology
- Halt in Automotive Production due to Covid19 Pandemic may hamper the Market Growth
- Stringent Government Regulations to create Opportunities for AGS Market
- Increase in Global Vehicle Production is also Complementing Market Expansion
- Calibration Problems in Active Grille Shutter may hamper the Market Growth
- High Risk of Front-End Collisions and Overheating in AGS Systems
The demand for active grille shutters is increasing with each passing day. The businesses in this industry facing major competition with leading players of the market that includes Rochling Group, Brose Fahrzeugteile, Magna International Inc. and others. Many international as well as regional providers are also participants in the industry and directly compete with leaders. It has been identified that market leading players are investing heavily in growth strategies such as technological development, resource utilization to enhance their market position. The market leaders demonstrate a market-defining vision of how canker sores drug can help top-line business executives achieve their business objectives. Leaders have the ability to execute against that vision through both products and services. They have demonstrated solid business results in the form of revenue and earnings.
Some of the key players profiled in the report are Rochling Group (Germany), Brose Fahrzeugteile (Germany), Magna International Inc. (Canada), Valeo SA (France), SRG Global (United States), HBPO GmbH (Germany), Shape Corporation (United States), Aisin Corporation (Japan), Yamaguchi Starlite Ltd. (Japan), Sonceboz SA (Switzerland) and Continental AG (Germany). Additionally, following companies can also be profiled that are part of our coverage like Techniplas LLC (United States), Mirror Controls International (Netherlands) and Batz Group (Spain). Analyst at AMA Research see Germany Vendors to retain maximum share of Global Active Grille Shutter market by 2027. Considering Market by Sales Channel, the sub-segment i.e. OEMs will boost the Active Grille Shutter market. Considering Market by Shutter Vanes Type, the sub-segment i.e. Horizontal AGS will boost the Active Grille Shutter market.
In December 2021 Continental AG had announced the launch of new line of active grill shutters for direct replacement on Chrysler and Ford. Continental launched the Active Grill Shutters series to suit the growing demand for low-cost replacement parts for complex car systems like engine cooling. These shutters operate in the same way as the OEM part and ensure that the cars operate at the optimum temperatures, resulting in increased fuel efficiency. Continental plans to increase the number of part numbers covered by its Active Grill Shutters to over 100 by 2022.
What Can be Explored with the Active Grille Shutter Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Active Grille Shutter Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Active Grille Shutter
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Active Grille Shutter market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Active Grille Shutter market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Venture and Capitalist, New entrants/investors, Analysts and Strategic Business Partners, Traders/Suppliers & Distributors, End-use industries and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.
Frequently Asked Questions (FAQ):1. Who are the top performing companies in Active Grille Shutter Market?
Top performing companies in the Global Active Grille Shutter market are Rochling Group (Germany), Brose Fahrzeugteile (Germany), Magna International Inc. (Canada), Valeo SA (France), SRG Global (United States), HBPO GmbH (Germany), Shape Corporation (United States), Aisin Corporation (Japan), Yamaguchi Starlite Ltd. (Japan), Sonceboz SA (Switzerland) and Continental AG (Germany), to name a few.2. What trending factors would impact Active Grille Shutter Market growth most?
"Increased Demand for AGS in Electric and Hybrid Vehicles
" is seen as one of major influencing trends for Active Grille Shutter Market during projected period 2021-2027.