North America 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 Com

North America 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 North America is expected to grow from US$ 677.80 million in 2022 to US$ 895.58 million by 2028. It is estimated to grow at a CAGR of 4.8% from 2022 to 2028.
Raising demand for passenger vehicles
Of late, urbanization across the region has increased at a significant pace, leading to a hike in the average disposal income of the urban population, allowing people to enhance their lifestyles. Improved lifestyles further boost the demand for electric passenger vehicles, thus, encouraging manufacturers to strengthen their production in a bid to cater to customers optimally. The production of vehicles, including passenger and commercial vehicles, has registered steady growth in developed and developing economies in the post-pandemic. Automotive vehicle sales, especially passenger vehicles, profoundly influence the market's growth. The steady demand for active grille shutters (AGS) is also anticipated to gain traction during the coming years. The main drivers propelling this market’s rise are the increase in demand for passenger cars brought on by the surge in the number of middle-income groups and the improvement in the standard of living in emerging nations. Consumers are increasingly gravitating toward passenger vehicles due to their affordability factor. As reported by Statista, the revenue from the passenger car industry is anticipated to reach US$ 1,890 billion in 2022. Factors, such as a significant number of existing vehicles and constant demand from countries with varying temperature conditions, are contributing considerably to the rising demand for aftermarket AGS sales. Hence, the active grille shutter market is witnessing steady growth and providing several lucrative business opportunities to market players.

Market Overview

The US, Canada, and Mexico are the key contributors to the active grille shutter market in the North America. North America consists of technologically advanced economies, including the US, Canada, and Mexico. Developments in technology across the region have contributed to a highly competitive market for all industries. North America is also attracting massive foreign direct investment (FDIs) from economically strong countries for technological growth. Strict regulations by emerging countries in North America to reduce carbon emissions are forcing automotive manufacturers to use various technologies, including active grille shutters. The introduction of regulations to reduce greenhouse gas (GHG) emissions from passenger cars and trucks and the reduction of aerodynamic drag of vehicles are expected to play a vital role in the growth of the active grille shutter market. In December 2021, Environmental Protection Agency (EPA) announced the national greenhouse gas (GHG) emissions standards for light passenger vehicles and heavy vehicles that are to be manufactured between 2023 and 2026. The vehicles manufactured between 2023 and 2026 must follow the GHG emissions. The finalized norms would help in achieving a reduction in GHG emissions. To follow such norms, the usage of active grille shutters is seen in vehicles, which has increased the demand for AGS in North America. As a result, the active grille shutter market in North America is expected to witness substantial growth in the coming years due to the increasing demand for fuel-efficient vehicles and stringent government regulations across the region.
Exhibit: North America active grille Shutter Market Revenue and Forecast to 2028 (US$ Million)

North America active grille Shutter Market Segmentation

The North America 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 the US, Canada, and Mexico. The US 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; and WIRTHWEIN AG are the leading companies operating in the active grille shutter market in the region.

Reasons to buy

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Scrutinize in-depth North America 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 North America Active Grille Shutter Market – By Propulsion Type
1.3.2 North America Active Grille Shutter Market – By Vane Type
1.3.3 North America Active Grille Shutter Market – By Vehicle Type
1.3.4 North America Active Grille Shutter Market- By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America 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. North America Active Grille Shutter Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Raising Demand for Passenger Vehicles
5.1.2 Growing Demand for Lightweight AGS in Energy-efficient Vehicles
5.2 Market Restraints
5.2.1 Higher 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 Surging Adoption of EV and Hybrid EV
5.5 Impact Analysis of Drivers and Restraints
6. North America Active Grille Shutter Market Analysis
6.1 North America Active Grille Shutter Market Overview
6.2 North America Active Grille Shutter Market – Revenue and Forecast to 2028 (US$ Million)
7. North America Active Grille Shutter Market Analysis – by Propulsion Type
7.1 Overview
7.2 North America 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. North America Active Grille Shutter Market Analysis – by Vane Type
8.1 Overview
8.2 North America 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. North America Active Grille Shutter Market Analysis – by Vehicle Type
9.1 Overview
9.2 North America 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. North America Active Grille Shutter Market – Country Analysis
10.1 Overview
10.1.1 North America Active Grille Shutter Market Breakdown, by Country
10.1.1.1 US Active Grille Shutter Market, Revenue and Forecast to 2028
10.1.1.1.1 US Active Grille Shutter Market Breakdown, By Propulsion Type
10.1.1.1.2 US Active Grille Shutter Market Breakdown, By Vane Type
10.1.1.1.3 US Active Grille Shutter Market Breakdown, By Vehicle Type
10.1.1.2 Canada Active Grille Shutter Market, Revenue and Forecast to 2028
10.1.1.2.1 Canada Active Grille Shutter Market Breakdown, By Propulsion Type
10.1.1.2.2 Canada Active Grille Shutter Market Breakdown, By Vane Type
10.1.1.2.3 Canada Active Grille Shutter Market Breakdown, By Vehicle Type
10.1.1.3 Mexico Active Grille Shutter Market, Revenue and Forecast to 2028
10.1.1.3.1 Mexico Active Grille Shutter Market Breakdown, By Propulsion Type
10.1.1.3.2 Mexico Active Grille Shutter Market Breakdown, By Vane Type
10.1.1.3.3 Mexico 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 TECHNIPLAS US LLC
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 WIRTHWEIN AG
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
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. North America Active Grille Shutter Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. North America Active Grille Shutter Market, Revenue and Forecast to 2028 – By Country (US$ Million)
Table 3. US Active Grille Shutter Market, Revenue and Forecast to 2028 – By Propulsion Type (US$ Million)
Table 4. US Active Grille Shutter Market, Revenue and Forecast to 2028 – By Vane Type (US$ Million)
Table 5. US Active Grille Shutter Market, Revenue and Forecast to 2028 – By Vehicle Type (US$ Million)
Table 6. Canada Active Grille Shutter Market, Revenue and Forecast to 2028 – By Propulsion Type (US$ Million)
Table 7. Canada Active Grille Shutter Market, Revenue and Forecast to 2028 – By Vane Type (US$ Million)
Table 8. Canada Active Grille Shutter Market, Revenue and Forecast to 2028 – By Vehicle Type (US$ Million)
Table 9. Mexico Active Grille Shutter Market, Revenue and Forecast to 2028 – By Propulsion Type (US$ Million)
Table 10. Mexico Active Grille Shutter Market, Revenue and Forecast to 2028 – By Vane Type (US$ Million)
Table 11. Mexico Active Grille Shutter Market, Revenue and Forecast to 2028 – By Vehicle Type (US$ Million)
Table 12. List of Abbreviation
  
LIST OF FIGURES
Figure 1. North America Active Grille Shutter Market Segmentation
Figure 2. North America Active Grille Shutter Market Segmentation – By Country
Figure 3. North America Active Grille Shutter Market Overview
Figure 4. ICE Segment held the Largest Share of Active Grille Shutter Market
Figure 5. The US to Show Great Traction During Forecast Period
Figure 6. North America: PEST Analysis
Figure 7. Expert Opinion
Figure 8. Tier 1 Customer List
Figure 9. North America Active Grille Shutter Market Impact Analysis of Drivers and Restraints
Figure 10. North America Active Grille Shutter Market – Revenue and Forecast to 2028 (US$ Million)
Figure 11. North America 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. North America 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. North America 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 North America Active Grille Shutter Market
Figure 22. North America Active Grille Shutter Market Breakdown, by Country, 2021 & 2028 (%)
Figure 23. US Active Grille Shutter Market, Revenue and Forecast to 2028 (US$ Million)
Figure 24. Canada Active Grille Shutter Market, Revenue and Forecast to 2028 (US$ Million)
Figure 25. Mexico Active Grille Shutter Market, Revenue and Forecast to 2028 (US$ Million)

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