Automotive Active Grille Shutter System Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Automotive Active Grille Shutter System Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Automotive Active Grille Shutter System Market

The Automotive Active Grille Shutter System market size was valued at USD 1.74 billion in 2023, and the market is now projected to grow from USD 1.77 billion in 2024 to USD 2.36 billion by 2032, exhibiting a CAGR of 4.16% during the forecast period of 2024-2032.

A critical impact on the worldwide automotive division was witnessed in the phase of COVID-19 which ultimately deteriorated the automotive active grille shutter system market growth. COVID-19's quick spread has seriously disturbed both esteem and supply chain players. Beginning in China, providers around the world closed down generation lines completely. Besides, confinements on worldwide exchange and broadening demand-supply crevices postured as a major detour. Due to this, there was a critical delay in completing past orders. OEMs are stopping their manufacturing due to a deficiency of components and just-in-time fabricating techniques that incorporates isolate and diminished staff.

Through the move from ordinary to electric transportation, cleverly versatility and zap are reshaping long-term of portability. A few automobile producers as of now lean toward AGS frameworks in their electric vehicle models. For instance, Daimler, Hyundai, Common Engines, Tesla, and Toyota offer radiator shade gathering in Optima, C-Class, Cruze, Model S, and Camry models. The AGS framework is presently fundamentally utilized in extravagance vehicles and electric vehicles. As a result, as demand for electric cars and high-end cars increments, the market will develop.

Automotive dynamic grille screen frameworks are standard fitting in extravagance and mid-class traveler cars and sports vehicles. Additionally, with an increment within the number of models and modern sorts of cars entering the advertise, the request for the automotive dynamic grille shutter system is anticipated to extend altogether. Besides, growing middle-class populace base, rise in family wage levels, and expanding urbanization will cause a surge in vehicle deals, increasing the market development.

Comprehensive Analysis of Automotive Active Grille Shutter System Market

The market for automotive active grille shutter system is fractioned into two horizontal vane type and vertical vane type on the basis of vane type, amongst the two horizontal vane type to tame the market demand. Passenger cars and commercial vehicles are the two sorts of automotive active grille shutter system which is sectioned on the basis of vehicle type. The passenger cars to dominate with the rise in disposable income.

The market estimate in North America with a value of USD 0.61 billion in 2020 and is anticipated to dominate the automotive active grille shutter system market share globally. The rising exacting government directions for CO2 outflows, the quick selection rate of unused innovation, tall consumption on item development, and expanded shopper investing are anticipated to impel the market in North America. The nearness of major radiator shade gathering producers and their exertion for planning stylish vehicle models contribute to the region's development.

The market is profoundly divided, with built up and rising players over developed and developing nations. The driving players center their endeavors on creating mechanically progressed AGS frameworks for vehicles. The major players incorporated in the growth of the market are: SRG Global (U.S.) S.Coop (U.S.) Technipals (U.S.), Tong Yang Group (China), Brose Fahrzeugteile GmbH & Co. KG (Germany), Aisin Seiki Co., Ltd (Japan), Magna International Inc. (Canada) and many more.

Within the month of August 2021, the company Magna International Inc., a pioneer in automotive portion provider, will construct a modern liftgate module fabricating plant for Nissan Qashqai in Sunderland, Britain. The modern Qashqai thermoplastic liftgate is lighter than its steel forerunner, demonstrating a rising drift among producers to diminish mass to progress fuel effectiveness and emanations. It'll offer assistance Magna for their AGS framework to cater to modern OEM.

Segmentation Table

ATTRIBUTE

DETAILS

Study Period

2017-2028

Base Year

2020

Estimated Year

2021

Forecast Period

2021-2028

Historical Period

2017-2019

Unit

Value (USD Billion)

Segmentation

By Vane Type

Horizontal Vane Type

Vertical Vane Type

By Vehicle Type

Passenger Car

Commercial Vehicle

By Geography

North America (By Vane Type and Vehicle Type)

• U.S. (By Vehicle Type)
• Canada (By Vehicle Type)
• Mexico (By Vehicle Type)

Europe (By Vane Type and Vehicle Type)

• U.K. (By Vehicle Type)
• Germany (By Vehicle Type)
• France (By Vehicle Type)
• Rest of Europe (By Vehicle Type)

Asia Pacific (By Vane Type and Vehicle Type)

• China (By Vehicle Type)
• Japan (By Vehicle Type)
• India (By Vehicle Type)
• Rest of APAC (By Vehicle Type)

Rest of the World (By Vane Type and Vehicle Type )Please Note: It will take 5-6 business days to complete the report upon order confirmation.