Global Active Grille Shutter Market (AGS) : Global Industry Analysis and Forecast (2018-2026)
Global Active Grille Shutter Market (AGS) was valued US$3.59 Bn in 2017 and is expected to reach US$4.54 Bn by 2026, at a CAGR of 2.98% during a forecast period.
The reported segment of active grille shutter market (AGS) based on vehicle type, shutter vanes type, shutter type, sales channel, and geography. Based on vehicle type, the active grille shutter market is classified into a passenger vehicle, LCV, and M&HCV. In terms of shutter vanes type, the active grille shutter market is categorized into horizontal AGS and vertical AGS. On the basis of shutter type, the active grille shutter market is segregated into visible AGS and non-visible AGS. Based on the sales channel, the active grille shutter market is segmented into OEM and aftermarket. Region wise into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
Active grill shutters open and close automatically to control the flow of air, it opens at the time when engine requires additional air flow otherwise it remains closed. It reduces the aerodynamic drag; owing to this, the engine can quickly reach its optimum operating temperature. The rise in demand for fuel-efficiency among consumers and stringent emission norms enacted by regulatory bodies in order to reduce emission impact on the environment is likely to drive the active grill shutters market for automotive during the forecast period. Moreover, high cost and less penetration of active grill shutters in developing regions are anticipated to hamper the active grill shutters market during the forecast period.
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Based on a vehicle, a passenger vehicle is anticipated to remain the growth engine of the global automotive active grille shutter market during the forecast period. A rise in production of passenger vehicle coupled with increasing penetration of AGS in passenger vehicle models is likely to elevate the demand for AGS in the passenger vehicle segment.
On the basis of shutter vanes type, the automotive active grille shutter market is segregated as Horizontal AGS and Vertical AGS. Horizontal vane-based active grille shutter is anticipated to remain the most dominant type in the global automotive active grille shutter market during the forecast period. Both horizontal, as well as vertical vane segments, are likely to witness healthy growth rates over the next few years.
Based on the sales channel, the automotive active grill shutter market can be categorized into two segments among which OEM segment holds the major share of the automotive active grill shutter market. There are a few big OEMs who are manufacturing active grill shutters. OEM provide active grill shutters with top-end vehicles to develop the efficiency and economy of the vehicle.
In terms of region, North America is anticipated to hold a significant share of the market during the forecast period due to the high rate of adoption of active grill shutters in premium and luxury vehicles in order to enhance fuel efficiency and reduce carbon emission. Europe and Asia Pacific are anticipated to show significant growth over the forecast period on the automotive grill shutter market during the forecast period.
Some of the key players in the active grille shutter market (AGS) are Rochling Automotive, Magna International Inc., Valeo SA, SRG Global, HBPO, and Shape Corporation.
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Scope of the Global Active Grille Shutter Market (AGS)
Global Active Grille Shutter Market (AGS) by Vehicle type
• Passenger Vehicle
• LCV
• M&HCV
Global Active Grille Shutter Market (AGS) by Shutter vanes Type
• Horizontal AGS
• Vertical AGS
Global Active Grille Shutter Market (AGS) by Shutter Type
• Visible AGS
• Non-Visible AGS
Global Active Grille Shutter Market (AGS) by Sales Channel
• OEM
• Aftermarket
Global Active Grille Shutter Market (AGS) by Geography
• North America
• Europe
• Asia-Pacific
• Middle East & Africa
• Latin America
Key Players operating in the Global Active Grille Shutter Market (AGS)
• Rochling Automotive
• Magna International Inc.
• Valeo SA
• SRG Global
• HBPO
• Shape Corporation
• SONCEBOZ
• Batz
• S. Crop.
• Mirror Controls international
• Johnson Electric
• Brose
MAJOR TOC OF THE REPORT
Chapter One: Active Grille Shutter Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global Active Grille Shutter Market Competition, by Players
Chapter Four: Global Active Grille Shutter Market Size by Regions
Chapter Five: North America Active Grille Shutter Revenue by Countries
Chapter Six: Europe Active Grille Shutter Revenue by Countries
Chapter Seven: Asia-Pacific Active Grille Shutter Revenue by Countries
Chapter Eight: South America Active Grille Shutter Revenue by Countries
Chapter Nine: Middle East and Africa Revenue Active Grille Shutter by Countries
Chapter Ten: Global Active Grille Shutter Market Segment by Type
Chapter Eleven: Global Active Grille Shutter Market Segment by Application
Chapter Twelve: Global Active Grille Shutter Market Size Forecast (2019-2026)
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