Europe Active Grille Shutter Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Propulsion Type [ICE (Internal Combustion Engine) and Electric], Vane Type (Horizontal and Vertical), Vehicle Type [Passenger Vehicles, LCV (Light Commercial Vehicles) and HCV (Heavy Commercial Vehicles)]
The active grille shutter market in Europe is expected to grow from US$ 979.39 million in 2022 to US$ 1,381.74 million by 2028. It is estimated to grow at a CAGR of 5.9% from 2022 to 2028.
Raising demand for lightweight AGS in energy efficient vehicles
The automotive industry is shifting toward lightweight components in vehicles, as they offer higher strength-to-weight ratios, corrosion resistivity, and workability features. Such components are meant to replace heavy metals in various vehicle parts. The industry is moving toward the growing demand for such lightweight components, including active grille shutters.
The demand for lightweight AGS from automakers has significantly increased over the decade due to the reduction in the overall weight of the vehicles. Such developments in AGS aid the vehicle by saving assembly time and reducing lowers mass. Lightweight AGS modules can achieve up to 25% mass savings over steel versions, leading to better fuel efficiency and lower carbon emissions. Such developments by major automotive manufacturers are driving the active grille shutters market.
Market Overview
Europe consists of several developed economies, including Germany, France, Italy, the UK, and Russia. The increasing digitalization across the region is influencing various industries such as the automotive industry, and manufacturing industry, among others to maximize their capabilities and bolster the adoption of advanced solutions across the automotive sector of the region. The adoption of advanced solutions is benefiting the automotive industry. This is helping the automotive industry to enhance its distribution channel and increase profitability by expanding the platforms of distribution.
Europe active grille Shutter Market Revenue and Forecast to 2028 (US$ Million)
Europe active grille Shutter Market Segmentation
The Europe active grille shutter market is segmented into propulsion type, vane type, vehicle type, and country.
Based on propulsion type, the market is sub segmented into ICE and electric. The ICE segment registered the largest market share in 2022.
Based on vane type, the market is segmented into horizontal and vertical. The horizontal segment held a larger market share in 2022.
Based on vehicle type, the market is segmented into passenger vehicles, light commercial vehicles, and heavy commercial vehicles. The passenger vehicles segment held the largest market share in 2022.
Based on country, the market is segmented into Germany, France, Italy, the UK, Russia, and Rest of Europe. Germany dominated the market share in 2022.
Valeo SA; HBPO GmbH; Magna International Inc.; Röchling SE & Co. KG; SRG Global Inc.; SHAPE CORPORATION; TECHNIPLAS US LLC; Standard Motor Products Inc.; and WIRTHWEIN AG are the leading companies operating in the active grille shutter market in the region.
Reasons to buy
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe active grille shutter market.
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the Europe active grille shutter market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the active grille shutter market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution
- 1. Introduction
- 1.1 Study Scope
- 1.2 The Insight Partners Research Report Guidance
- 1.3 Market Segmentation
- 1.3.1 Europe Active Grille Shutter Market – By Propulsion Type
- 1.3.2 Europe Active Grille Shutter Market – By Vane Type
- 1.3.3 Europe Active Grille Shutter Market – By Vehicle Type
- 1.3.4 Europe Active Grille Shutter Market- By Country
- 2. Key Takeaways
- 3. Research Methodology
- 3.1 Coverage
- 3.2 Secondary Research
- 3.3 Primary Research
- 4. Europe Active Grille Shutter Market Landscape
- 4.1 Market Overview
- 4.2 PEST Analysis
- 4.3 Ecosystem Analysis
- 4.4 Expert Opinion
- 4.5 Premium Insights
- 4.5.1 Tier 1 Customer List
- 5. Europe Active Grille Shutter Market – Key Market Dynamics
- 5.1 Market Drivers
- 5.1.1 Increasing Demand for Passenger Vehicles
- 5.1.2 Raising Demand for Lightweight AGS in Energy-efficient Vehicles
- 5.2 Market Restraints
- 5.2.1 Heavy Cost of AGS and Lack of Awareness Among Customers
- 5.3 Market Opportunities
- 5.3.1 Elevating Demand for AGS for Super Sports Car or Premium Cars
- 5.4 Future Trends
- 5.4.1 Burgeoning Adoption of EV and Hybrid EV
- 5.5 Impact Analysis of Drivers and Restraints
- 6. Europe Active Grille Shutter Market Analysis
- 6.1 Europe Active Grille Shutter Market Overview
- 6.2 Europe Active Grille Shutter Market – Revenue and Forecast to 2028 (US$ Million)
- 7. Europe Active Grille Shutter Market Analysis – by Propulsion Type
- 7.1 Overview
- 7.2 Europe Active Grille Shutter Market Breakdown, By Propulsion Type
- 7.3 ICE
- 7.3.1 Overview
- 7.3.2 ICE: Active Grille Shutter Market- Revenue and Forecast to 2028 (US$ Million)
- 7.4 Electric
- 7.4.1 Overview
- 7.4.2 Electric: Active Grille Shutter Market- Revenue and Forecast to 2028 (US$ Million)
- 8. Europe Active Grille Shutter Market Analysis – by Vane Type
- 8.1 Overview
- 8.2 Europe Active Grille Shutter Market Breakdown, By Vane Type
- 8.3 Horizontal
- 8.3.1 Overview
- 8.3.2 Horizontal: Active Grille Shutter Market- Revenue and Forecast to 2028 (US$ Million)
- 8.4 Vertical
- 8.4.1 Overview
- 8.4.2 Vertical: Active Grille Shutter Market- Revenue and Forecast to 2028 (US$ Million)
- 9. Europe Active Grille Shutter Market Analysis – by Vehicle Type
- 9.1 Overview
- 9.2 Europe Active Grille Shutter Market Breakdown, By Vehicle Type
- 9.3 Passenger Vehicles
- 9.3.1 Overview
- 9.3.2 Passenger Vehicles Market Revenue and Forecast to 2028 (US$ Million)
- 9.4 LCV
- 9.4.1 Overview
- 9.4.2 LCV Market Revenue and Forecast to 2028 (US$ Million)
- 9.5 HCV
- 9.5.1 Overview
- 9.5.2 HCV Market Revenue and Forecast to 2028 (US$ Million)
- 10. Europe Active Grille Shutter Market – Country Analysis
- 10.1 Overview
- 10.1.1 Europe Active Grille Shutter Market Breakdown, by Country
- 10.1.1.1 Germany Active Grille Shutter Market, Revenue and Forecast to 2028
- 10.1.1.1.1 Germany Active Grille Shutter Market Breakdown, By Propulsion Type
- 10.1.1.1.2 Germany Active Grille Shutter Market Breakdown, By Vane Type
- 10.1.1.1.3 Germany Active Grille Shutter Market Breakdown, By Vehicle Type
- 10.1.1.2 France Active Grille Shutter Market, Revenue and Forecast to 2028
- 10.1.1.2.1 France Active Grille Shutter Market Breakdown, By Propulsion Type
- 10.1.1.2.2 France Active Grille Shutter Market Breakdown, By Vane Type
- 10.1.1.2.3 France Active Grille Shutter Market Breakdown, By Vehicle Type
- 10.1.1.3 Italy Active Grille Shutter Market, Revenue and Forecast to 2028
- 10.1.1.3.1 Italy Active Grille Shutter Market Breakdown, By Propulsion Type
- 10.1.1.3.2 Italy Active Grille Shutter Market Breakdown, By Vane Type
- 10.1.1.3.3 Italy Active Grille Shutter Market Breakdown, By Vehicle Type
- 10.1.1.4 UK Active Grille Shutter Market, Revenue and Forecast to 2028
- 10.1.1.4.1 UK Active Grille Shutter Market Breakdown, By Propulsion Type
- 10.1.1.4.2 UK Active Grille Shutter Market Breakdown, By Vane Type
- 10.1.1.4.3 UK Active Grille Shutter Market Breakdown, By Vehicle Type
- 10.1.1.5 Russia Active Grille Shutter Market, Revenue and Forecast to 2028
- 10.1.1.5.1 Russia Active Grille Shutter Market Breakdown, By Propulsion Type
- 10.1.1.5.2 Russia Active Grille Shutter Market Breakdown, By Vane Type
- 10.1.1.5.3 Russia Active Grille Shutter Market Breakdown, By Vehicle Type
- 10.1.1.6 Rest of Europe Active Grille Shutter Market, Revenue and Forecast to 2028
- 10.1.1.6.1 Rest of Europe Active Grille Shutter Market Breakdown, By Propulsion Type
- 10.1.1.6.2 Rest of Europe Active Grille Shutter Market Breakdown, By Vane Type
- 10.1.1.6.3 Rest of Europe Active Grille Shutter Market Breakdown, By Vehicle Type
- 11. Industry Landscape
- 11.1 Overview
- 11.2 Market Initiative
- 11.3 Merger and Acquisition
- 11.4 New Product Development
- 12. Company Profiles
- 12.1 Valeo SA
- 12.1.1 Key Facts
- 12.1.2 Business Description
- 12.1.3 Products and Services
- 12.1.4 Financial Overview
- 12.1.5 SWOT Analysis
- 12.1.6 Key Developments
- 12.2 HBPO GmbH
- 12.2.1 Key Facts
- 12.2.2 Business Description
- 12.2.3 Products and Services
- 12.2.4 Financial Overview
- 12.2.5 SWOT Analysis
- 12.2.6 Key Developments
- 12.3 Magna International Inc.
- 12.3.1 Key Facts
- 12.3.2 Business Description
- 12.3.3 Products and Services
- 12.3.4 Financial Overview
- 12.3.5 SWOT Analysis
- 12.3.6 Key Developments
- 12.4 Röchling SE & Co. KG
- 12.4.1 Key Facts
- 12.4.2 Business Description
- 12.4.3 Products and Services
- 12.4.4 Financial Overview
- 12.4.5 SWOT Analysis
- 12.4.6 Key Developments
- 12.5 SRG Global Inc.
- 12.5.1 Key Facts
- 12.5.2 Business Description
- 12.5.3 Products and Services
- 12.5.4 Financial Overview
- 12.5.5 SWOT Analysis
- 12.5.6 Key Developments
- 12.6 SHAPE CORPORATION
- 12.6.1 Key Facts
- 12.6.2 Business Description
- 12.6.3 Products and Services
- 12.6.4 Financial Overview
- 12.6.5 SWOT Analysis
- 12.6.6 Key Developments
- 12.7 Standard Motor Products Inc.
- 12.7.1 Key Facts
- 12.7.2 Business Description
- 12.7.3 Products and Services
- 12.7.4 Financial Overview
- 12.7.5 SWOT Analysis
- 12.7.6 Key Developments
- 12.8 TECHNIPLAS US LLC
- 12.8.1 Key Facts
- 12.8.2 Business Description
- 12.8.3 Products and Services
- 12.8.4 Financial Overview
- 12.8.5 SWOT Analysis
- 12.8.6 Key Developments
- 12.9 WIRTHWEIN AG
- 12.9.1 Key Facts
- 12.9.2 Business Description
- 12.9.3 Products and Services
- 12.9.4 Financial Overview
- 12.9.5 SWOT Analysis
- 12.9.6 Key Developments
- 13. Appendix
- 13.1 About The Insight Partners
- 13.2 Word Index
- LIST OF TABLES
- Table 1. Europe Active Grille Shutter Market – Revenue and Forecast to 2028 (US$ Million)
- Table 2. Europe Active Grille Shutter Market, Revenue and Forecast to 2028 – By Country (US$ Million)
- Table 3. Germany Active Grille Shutter Market, Revenue and Forecast to 2028 – By Propulsion Type (US$ Million)
- Table 4. Germany Active Grille Shutter Market, Revenue and Forecast to 2028 – By Vane Type (US$ Million)
- Table 5. Germany Active Grille Shutter Market, Revenue and Forecast to 2028 – By Vehicle Type (US$ Million)
- Table 6. France Active Grille Shutter Market, Revenue and Forecast to 2028 – By Propulsion Type (US$ Million)
- Table 7. France Active Grille Shutter Market, Revenue and Forecast to 2028 – By Vane Type (US$ Million)
- Table 8. France Active Grille Shutter Market, Revenue and Forecast to 2028 – By Vehicle Type (US$ Million)
- Table 9. Italy Active Grille Shutter Market, Revenue and Forecast to 2028 – By Propulsion Type (US$ Million)
- Table 10. Italy Active Grille Shutter Market, Revenue and Forecast to 2028 – By Vane Type (US$ Million)
- Table 11. Italy Active Grille Shutter Market, Revenue and Forecast to 2028 – By Vehicle Type (US$ Million)
- Table 12. UK Active Grille Shutter Market, Revenue and Forecast to 2028 – By Propulsion Type (US$ Million)
- Table 13. UK Active Grille Shutter Market, Revenue and Forecast to 2028 – By Vane Type (US$ Million)
- Table 14. UK Active Grille Shutter Market, Revenue and Forecast to 2028 – By Vehicle Type (US$ Million)
- Table 15. Russia Active Grille Shutter Market, Revenue and Forecast to 2028 – By Propulsion Type (US$ Million)
- Table 16. Russia Active Grille Shutter Market, Revenue and Forecast to 2028 – By Vane Type (US$ Million)
- Table 17. Russia Active Grille Shutter Market, Revenue and Forecast to 2028 – By Vehicle Type (US$ Million)
- Table 18. Rest of Europe Active Grille Shutter Market, Revenue and Forecast to 2028 – By Propulsion Type (US$ Million)
- Table 19. Rest of Europe Active Grille Shutter Market, Revenue and Forecast to 2028 – By Vane Type (US$ Million)
- Table 20. Rest of Europe Active Grille Shutter Market, Revenue and Forecast to 2028 – By Vehicle Type (US$ Million)
- Table 21. List of Abbreviation
- LIST OF FIGURES
- Figure 1. Europe Active Grille Shutter Market Segmentation
- Figure 2. Europe Active Grille Shutter Market Segmentation – By Country
- Figure 3. Europe Active Grille Shutter Market Overview
- Figure 4. ICE Segment held the Largest Share of Active Grille Shutter Market
- Figure 5. Germany to Show Great Traction During Forecast Period
- Figure 6. Europe: PEST Analysis
- Figure 7. Expert Opinion
- Figure 8. Tier 1 Customer List
- Figure 9. Europe Active Grille Shutter Market Impact Analysis of Drivers and Restraints
- Figure 10. Europe Active Grille Shutter Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 11. Europe Active Grille Shutter Market Breakdown, By Propulsion Type, 2021 & 2028 (%)
- Figure 12. ICE: Active Grille Shutter Market- Revenue and Forecast to 2028 (US$ Million)
- Figure 13. Electric: Active Grille Shutter Market- Revenue and Forecast to 2028 (US$ Million)
- Figure 14. Europe Active Grille Shutter Market Breakdown, By Vane Type, 2021 & 2028 (%)
- Figure 15. Horizontal: Active Grille Shutter Market- Revenue and Forecast to 2028 (US$ Million)
- Figure 16. Vertical: Active Grille Shutter Market- Revenue and Forecast to 2028 (US$ Million)
- Figure 17. Europe Active Grille Shutter Market Breakdown, By Vehicle Type, 2021 & 2028 (%)
- Figure 18. Passenger Vehicles Market Revenue and Forecast to 2028 (US$ Million)
- Figure 19. LCV Market Revenue and Forecast to 2028 (US$ Million)
- Figure 20. HCV Market Revenue and Forecast to 2028 (US$ Million)
- Figure 21. Geographic Overview of Europe Active Grille Shutter Market
- Figure 22. Europe Active Grille Shutter Market Breakdown, by Country, 2021 & 2028 (%)
- Figure 23. Germany Active Grille Shutter Market, Revenue and Forecast to 2028 (US$ Million)
- Figure 24. France Active Grille Shutter Market, Revenue and Forecast to 2028 (US$ Million)
- Figure 25. Italy Active Grille Shutter Market, Revenue and Forecast to 2028 (US$ Million)
- Figure 26. UK Active Grille Shutter Market, Revenue and Forecast to 2028 (US$ Million)
- Figure 27. Russia Active Grille Shutter Market, Revenue and Forecast to 2028 (US$ Million)
- Figure 28. Rest of Europe Active Grille Shutter Market, Revenue and Forecast to 2028 (US$ Million)
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