This document provides an overview of the global active grille shutter market. Some key points: - The global active grille shutter market was valued at USD 2,932.3 million in 2019 and is expected to reach USD 4,920.1 million by 2027, growing at a CAGR of 5.2%. - Active grille shutters are used in vehicles to improve fuel efficiency and reduce emissions by opening and closing air intake at the front of the vehicle. - The market is fragmented based on type, application, and region. Polypropylene active grille shutters are expected to grow the fastest over the forecast period. - Leading players like Magna and Valeo hold around

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Home Automotive Systems, Accessories & Services Global Act ive Grille Shut ter Market Expect ed to Reach USD 4,920.1 Million by 2027
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Global Active Grille Shutter Market Expected to Reach USD
4,920.1 Million by 2027
Automotive Systems, Accessories & Services 17 Nov. 2020 Growth Market Reports
According to a recent market study published by Growth Market Reports fitled, “Global Acfive Grille Shuter Market by Type,
Applicafion, and Region: Size, Share, Trends and Opportunity Analysis, 2017-2027”, the market was valued at USD 2,932.3
Million in 2019 and is expected to grow at a healthy growth rate of 5.2 % by the year 2027. Acfive Grille Shuter broadly finds its
usage in the automofive sector to culfivate fuel economy and mifigafion of harmful emissions. This system unlocks the air inlet at
the front of the vehicle when the air condifioning is at the highest capacity sefing.
The global Acfive Grille Shuter market is fragmented based on type, applicafion, and region. On the basis of type, the market has
been divided into Polyster, Polypropylene (PP), and Polycarbonate (PC). Based on applicafion, the market has been bifurcated
into passenger vehicle and commercial vehicle. Based on region, the global Acfive Grille Shuter market is segmented into North
America, Europe, Asia Pacific, Lafin America and Middle East & Africa (MEA). North America region is further bifurcated into
countries such as U.S., and Canada. Lafin America region is further segmented into Brazil, Mexico, and Rest of Lafin America,
Asia Pacific is further segmented into, India, China, South Korea, Australia, Japan, and Rest of Asia Pacific. The Europe region is
further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe, and the MEA region is further divided
into Saudi Arabia, South Africa, UAE, and Rest of Middle East & Africa (MEA).
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In the year 2020, the Acfive Grille Shuter market is expected to observe slow growth due to the COVID-19 pandemic. The
automofive sector is amongst one of the most affected verficals by the ongoing pandemic situafion. The lockdown and social
distancing norms are probable to have a substanfial effect on the supply chain movement and consumer demand for the product
in the auto part and vehicle industry. Moreover, the demand for commercial vehicles is expected to drop with the halt of all non-
essenfial services. Furthermore, depression in purchase decisions during a pandemic may have serious implicafions on the
future growth of the industry.
As per Growth Market Reports industry analyst Akshata Ahire, The Global Acfive Grille Shuter Market is anficipated to witness
significant growth during the forecast period 2021-2027 driven by technological developments, stringent emission norms to
protect the climate, Inifiafives to control CO2 emission, and rise in consumer demand for fuel-efficient Vehicles are expected to
drive the market growth during the forecast period.
Key Takeaways from the Study:
Leading players- Magna and Valeo hold approximately around 35% of the market share of the global Acfive Grille Shuter
market in the year 2019.
The Europe and North America regions are holding major market share and are expected to be the most atracfive regions
in terms of demand for acfive grille shuters. The stringent government norms and increasing inifiafives of environment
protecfion agencies to address the rising concerns about CO2 emission are expected to drive demand for the acfive grille
shuter market.
The demand from passenger cars is high for acfive grille shuter and currently, the passenger car segment is holding major
market share and a similar trend is expected to confinue over the forecast period. Considering the market atracfiveness
index, the passenger car segment is expected to be the most atracfive segment over the forecast period.
Polypropylene (PP) from the type segment is expected to grow at the highest CAGR of 6.1% in terms of revenue generafion
over the forecast period. The lightweight of these high-performance plasfics is coming out to be a crucial part of making
fuel-efficient vehicles. As per the esfimated calculafion, every reducfion of 10% in vehicle structure weight results in a 5 to
7% cut in fuel usage.
Report Scope:
Report
Metric
Detail
s
Market Value in
2019
USD 2,932.3
Million
Market Growth Rate (from 2021 to
2027)
5.2
%
Historical
Data
2017 &
2018
Base
Year
201
9
Forecast
Period
2020 -
2027
Units
Considered
Value (USD
Million)
Market
Segments
By Type, By
Applicafion
0
E C B
REPORT STORE BLO
G
PRESS-
RELEASE
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Regional Scope North America, Europe, Lafin America, Asia Pacific,
Middle East & Africa (MEA)
Country Scope
U.S., Canada, Brazil, Mexico, Rest of Lafin America,
India,
China, Japan, South Korea, Australia, Rest of Asia
Pacific, U.K., France, Germany, Italy, Spain, Russia,
Rest of Europe, Saudi Arabia, South Africa, UAE,
and Rest of MEA.
Key Companies Profiled
Valeo, Magna, Rochling, Mirror Controls internafional,
Sonceboz, SRG Global, Johnson Electric, Others.
Customizafion Scope Report customizafion available on request
Pricing and Purchase Opfions
Avail tailor-made purchase opfions to meet your
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requirements.
Target Audience:
Supply-side: grille shuter manufacturers, raw material suppliers, primary respondents, and
distributors. Demand Side: Passenger vehicle companies and commercial vehicle companies
Regulatory Side: Concerned government authorifies, European Commission, ARAI, Automofive authorifies, and other
regulatory bodies.
Associafions and Industry Bodies: ACMA - the automofive component manufacturers associafions of India, SIAM - Society
of Indian Automobile Manufacturers, OICA - Organizafion of Motor Vehicle Manufacturers, ACEA - European Automobile
Manufacturer Associafion, ARAI - Automofive Research Associafion of India, ACA - Auto Care Associafion, AIAM- Alliance
of Automobile Manufacturers, and AIAG - Automobile Industry Acfion Group Internafional non-profit organizafion