The global Active Grille Shutter market was valued at USD 2,932.3 Million in 2019 and is projected to reach USD 4,920.1 Million by 2027, expanding at a CAGR over 5.2% during the forecast period. The active grille shutter (AGS) is placed at the front bumper lower opening of a vehicle. This system adjusts the quantity of airflow into the engine compartment through a flap activated by an actuator that receives signals from the engine control unit (ECM). The active grille shutter is situated at the front bumper lower opening. On driving mode, active shutters are made to limit the air flow from the front grille to reduce aerodynamic drag and as in turn enhances the vehicle’s fuel efficiency.
Active grille shutters are commonly manufactured from lightweight reinforced thermoplastics which results in weight reduction and maintains the aerodynamics of the vehicle on drive mode. Active Grille Shutter are classified based on type of equipment and it includes Polyester, Polypropylene (PP), and others. Also, the market is further segmented based on applications areas of these Active Grille Shutter and it includes Passenger Vehicles, and Commercial Vehicles.
The active grille shutter system is relatively recent technology and comes under that product category that mend vehicle aerodynamics while creating major energy savings. Active Grille Shutters are specially invented for extreme airflow conditions (around 10 % of driving conditions).
Rise in consumer demand for fuel efficient Vehicles
The constant increase in fuel prices is making buyers move towards fuel-efficient cars. Also, with the increasing gas prices, most of the consumers have included hybrid and electric vehicles to their list. The automotive industry is now aiming high to adopt new technologies, which will improve the fuel economy and reduction in harmful emissions. Active grille shutter is one of such components used to improve fuel efficiency by reducing vehicle drag resistance. Electric cars and hybrid cars are expected to have a maximum usage of active grille shutters to make them fuel-efficient cars. Sports and luxury car manufacturers are also focusing on delivering high performance and speed in their vehicles and active grille shutters are coming out to be one of the solutions for this as these shutters are efficient aerodynamics is help reduce the drag. On the other hand manufacturers like General Motors, BMW, Honda, Lincoln, Mazda, Mercedes, and Rolls-Royce have already started using active grille shutters which are contributing to the growth of the active grille shutter market.
Growing demand in Super/sports Cars or Premium Car
The manufacturers of Active Grille Shutters are focusing on improving the quality of these shutters to deliver more effectual products to automobile manufacturers. The high performance and long-lasting products will help the payers as a revenue pocketing process. The demand for fuel-efficient cars is growing rapidly, numerous manufacturers of the super or premium car are focusing on reducing fuel consumption in complex engine car. For instance, Valeo, one of the leading manufacturers of active grille shutter has located Valeo’s Active Grille Shutter in the front-end of the vehicle to control and adjust the airflow to improve the vehicle’s aerodynamics and thermal performance using controlled shutters. Valeo uses its automatic actuators for opening and closing with the real thermal needs of the vehicle. Similarly, according to Ford, the Ford Mustang with a 2.3L four cylinder engine has been fitted with active grille shutters as hard-working turbos requisite a lot of cooling air via grille shutters. Ford has been using active grille shutters on many vehicles. The all-new 2015 F-150 pickups with EcoBoost engines, take advantage of this fuel-saving technology. Looking forward to improving performance, Ford’s engineers are working tirelessly to create vehicles that both look great and help peak functionality of advance active grille shutters in the future.
Based on type, the market has been divided into polyester, polypropylene (PP), and polycarbonate (PC). The Polypropylene (PP) segment is expected to hold a substantial market share during the forecast period as the light weight of these high performance plastics is coming out to be crucial part in making a more fuel efficient vehicles. The Polyster segment is anticipated to expand at a CAGR of around 4.6% during the forecast period.
Based on the application, the market has been bifurcated into passenger vehicles and commercial vehicles. The Passenger Vehicles segment is the dominant segment in terms of market share. This segment is expected to register the highest CAGR growth rate of 5.3% over the forecast period. Increasing demand for fuel-efficient cars due to rising pollution issues is fueling the demand growth of this segment. Also, the leading car manufacturers are early pioneers of these active grille shutters. In passenger cars, an active grille shutter is brought to the front-most area of a vehicle to improve fuel economy, reduce weight, and lower overall system cost, while providing styling flexibility. For example, Nissan Altima upgrades with additional active grille shutter available in 4-cylinder variant that accelerates quickly on the highway by closing automatically.
Based on regions, the global active grille shutter market is bifurcated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA). On the basis of regions, Europe region is likely to be the prominent market during the forecast period. Norms like stricter emission by European Commission have pushed to early adoption of active grille shutter into European vehicles. BMW Series, Citroen C4 Picasso, Renault Twingo & Talisman, and Audi Q7 are few of major European models to adopt active grille shutters. Asia-Pacific is likely to depict the highest growth during the forecast period with China being the major source of growth.
Some frequently asked quetions about this report!
Additional company profiles can be provided on request.
Yes, the technology landscape analysis is available.
Yes, the report gives the brief introduction of the types of Active Grille Shutter.
According to this Growth Market Reports report, the market from Active Grille Shutter is likely to register a CAGR over 5.2% during forecast period 2020-2027, with an anticipated valuation of USD 4,920.1 million by the end of the 2027.
In addition to market size (in USD Million) and Company Market Share (in % for base year 2019), other data such as technology landscape, regulatory landscape, and entry level strategy.
Rise in consumer demand for fuel efficient vehicles and growing demand in super cars or premium car are expected to drive the market growth during forecast period.
Passenger and commercial are the key end-user/application that are driving the Active Grille Shutter market.
Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.
COVID-19 hampered the automotive industry. This, in turn, is restraining the auto part and vehicle market.
The base year considered for the global Active Grille Shutter market report is 2019. The complete analysis period is 2017 to 2027, wherein, 2017 & 2018 are the historic years and the forecast is provided from 2020 to 2027.
Major Manufactures include, Valeo, Magna, Rochling, Mirror Controls international, Sonceboz, SRG Global, Johnson Electric, Others.
Some other reports from this category!