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Automotive Active Grille Shutters Market by Vehicle Model, Louver Blade Type and Shutter Type – Global Opportunity Analysis and Industry Forecast 2019-2026
NEW CASTLE, DE, USA, September 2, 2023 /EINPresswire.com/ — Active grille shutters are an advanced mechatronic system that automatically opens and closes the shutters based on real-time demand to allow or restrict airflow. Active grille shutters improve fuel efficiency by reducing aerodynamic drag, thereby reducing CO2 emissions. The automotive industry is adopting technologies that improve fuel economy and reduce harmful emissions. Due to the increased demand for better fuel economy and reduced CO2 emissions, active grille shutters (AGS) have been considered as an option to improve fuel economy by reducing vehicle drag. This has positively impacted the automotive active grille shutters (AGS) market.
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Factors driving the growth of the automotive active grille shutters (AGS) market include increasing demand for more fuel-efficient vehicles, emphasis by automakers on implementing aerodynamic bodies to reduce air resistance, and increasingly stringent vehicle emissions. Furthermore, the factor restraining the growth of the automotive active grille shutters market is the increase in manufacturing costs due to the regulatory environment.
For the sedan and SUV markets, rising fuel costs are spooking first-time buyers. Previously, price increases were occasional, and the auto industry used to understand their impact easily, but price increases are now more frequent, so the impact is difficult to explain. Rising fuel prices over the past year have had a significant impact on the total cost of vehicle ownership, an important factor for consumers. Hence, it can be concluded that the demand for vehicles with higher fuel efficiency has increased.
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The automotive active grille shutters market is segmented on the basis of vehicle type, shutter blade type, shutter type, and region. According to the model, it can be divided into passenger car, light commercial vehicle and HCV. According to the shutter type, it is divided into horizontal AGS and vertical AGS. According to the shutter type, it is divided into visible light AGS and invisible light AGS. Segmented by region, Asia Pacific, Europe, North America, and Latin America are analyzed.
Key Benefits for Stakeholders
• The study includes an analytical description of the Automotive Active Grille Shutters (AGS) market along with current trends and future estimates to describe the upcoming investment areas.
• Identify overall market potential and understand profitability trends to gain a stronger foothold in the Automotive Active Grille Shutter (AGS) industry.
• The report provides information on key drivers, constraints and opportunities along with detailed impact analysis.
• Quantitative analysis of the Automotive Active Grille Shutter (AGS) Market from 2019 to 2026 to measure financial capacity.
• Porter’s five forces analysis illustrates the potential of buyers and suppliers in the industry.
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Key Market Segments of Automotive Active Grille Shutters
Classified by vehicle
• Passenger cars
• Light commercial vehicles
• Heavy commercial vehicles
By shutter blade type
• Horizontal AGS
• Vertical AGS
By shutter type
• Visible AGS
• Invisible AGS
by region
• North America
o United States
Canada
• Europe
o Germany
o France
o Great Britain
o Spain
o Italy
o Rest of Europe
• Asia-Pacific
o Japan
or China
India
o Rest of Asia Pacific
• Middle East and Africa
Gulf Cooperation Council
o South Africa
o Rest of Middle East and Africa
• Latin America
o Brazil
Mexico
o Rest of Latin America
Profiles of key market players
• Rochlin Motor Company
• Techniplas LLC,
• Brose Auto Parts Co., Ltd.
• Magna International
• Valeo
• SRG Global
• HBPO Limited
• Shape Company
• Coburg
David Correa
Allied Analytics LLP
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