Active Grille Shutter Market Global Research Report 2028

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Active Grille Shutter Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Propulsion Type [Internal Combustion Engine (ICE) and Electric], Vane Type (Horizontal and Vertical), and Vehicle Type [Passenger Vehicles, Light Commercial Vehicles (LCVs), and Heavy Commercial Vehicles (HCVs)]

Publication Month: Jul 2022 | Report Code: TIPRE00010254 | No. of Pages: 166 | Category: Automotive and Transportation | Status: Published

The active grille shutter market is projected to reach US$ 3,094.60 million by 2028 from US$ 2,161.67 million in 2021. It is expected to grow at a CAGR of 5.3% during 2022–2028.

Automobile production has been growing at a steady pace globally. China and the US have been leading the race, followed by Germany and India. The elevating demand for passenger vehicles with growing disposable income and the adoption of modern lifestyles contributes to the growth of the automotive sector worldwide. Most modern high-end passenger vehicles are increasingly adopting active grille shutters. These components aid in improving the aerodynamics of vehicles, thereby enabling the reduction of fuel consumption. Moreover, they can help maintain engine temperature in harsh environmental conditions. The increasing knowledge and awareness of the benefits of active grille shutters is driving consumers’ preference for passenger vehicles installed with these components. Additionally, there is a fast-growing demand for electric passenger vehicles. These vehicles also require active grille shutters for maintaining optimal battery temperatures. All such factors have been collectively driving the active grille shutter market  size.

Strategic Insights

Report Coverage - Active Grille Shutter Market
Report CoverageDetails
Market Size Value inUS$ 2,161.67 Million in 2021
Market Size Value byUS$ 3,094.60 Million by 2028
Growth rateCAGR of 5.3% from 2022 to 2028
Forecast Period2022-2028
Base Year2022
No. of Pages166
No. of Tables85
No. of Charts & Figures79
Historical data availableYes
Segments coveredPropulsion Type, Vane Type, and Vehicle Type
Regional scopeNorth America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country scopeUS, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Report coverageRevenue forecast, company ranking, competitive landscape, growth factors, and trends
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– Active Grille Shutter Market

Impact of COVID-19 Pandemic on Active Grille Shutter Market Growth

The continuous growth in the COVID-19 patient pool compelled government authorities across the US and other countries to impose stringent travel bans and social restrictions in the first three quarters of 2020, which led to significant disruptions in automobile manufacturing operations. Containment measures also led to the limited availability of the workforce, which further hampered manufacturing, supply, and sales. Hence active grille shutter market size witnessed significant decline during this period. The active grille shutter market players also experienced a slowdown in growth owing to the presence of limited workers in manufacturing facilities, temporary shutdown of factories, and reduced demand from vehicle manufacturers in 2020.

Lucrative Regions for Active Grille Shutter Market

Lucrative Regions for Active Grille Shutter Market

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Market Insights – Active Grille Shutter Market

In 2020, more than 10 million electric cars were on the roads in the world. Most new EV registrations were for battery electric vehicles (BEV). The increased popularity of BEVs can be attributed to their ability to operate with reduced carbon emissions and the lower cost of ownership compared to internal combustion engine (ICE)  vehicles. Moreover, several government authorities have announced subsidies and launched initiatives, as part of stimulus packages to counter the ill-effects of the pandemic, for encouraging the use of EVs. Governments across the world spent US$ 14 billion on such initiatives to promote EVs. As reported by International Energy Agency (IEA), the global EV sales rose to 6.6 million in 2021.

An increase in the adoption of EVs and hybrid EVs is expected to have a direct impact on the sales of active grille shutters. Electric vehicles are powered by batteries, which tend to heat up frequently. This results in a regular need to bring down their high temperatures, as batteries heated up for prolonged periods may affect their longevity. The integration of active grille shutters helps maintain the optimum temperature of batteries. Additionally, their use in the front-end modules can significantly improve the performance of EVs by lowering air drag. Such advantages propelled the installation of active grille shutter in electric vehicle, which further boosted the active grille shutter market growth globally.

Propulsion Type-Based Insights

The active grille shutter market, by propulsion type, is bifurcated into internal combustion engine (ICE) and electric. The ICE segment is expected to account for the largest market share, while the electric segment is expected to register a higher CAGR in the market during the forecast period. ICEs are highly durable diesel- or gasoline-driven engines that provide drivability to ~250 million vehicles in North America alone. Some vehicle models also use alternative fuels or renewable resources, such as ethanol and natural gas. The design of ICEs has some parts that are fixed while some are moving, e.g., pistons. After the expansion of combustion gases in a power stroke, the motion of a piston aids in the rotation of a crankshaft, further offering a forward motion to the wheels of vehicles. Aerodynamics has been gaining significant importance in vehicle design as air can notably reduce the efficiency of ICE vehicles. Active grille shutters aid in improving the aerodynamics of vehicles, while maintaining the optimum temperature of engines with the help of electronically controlled slats that manage to control the flow of air through grilles, engine compartments, and radiators. Such advantages have been promoting the segments growth in active grille shutter market.

The active grille shutter market is segmented into propulsion type, vane type and vehicle type. Based on propulsion type, the market is segmented into internal combustion engine (ICE) and electric. On the basis of vane type, the active grille shutter market is bifurcated into horizontal and vertical. Based on vehicle type, the active grille shutter market is segmented into passenger vehicles, light commercial vehicles (LCV)  and heavy commercial vehicles (HCV). Based on geography, the active grille shutter market is primarily segmented into North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and South America (SAM). HBPO GmbH; Magna International Inc.; Röchling SE & Co. KG; Shape Corporation; SRG Global; Standard Motor Products Inc.; STARLITE Co., Ltd.; Techniplas US LLC; Valeo SA; and Wirthwein AG are among the key active grille shutter market players.

Active grille shutter market players mainly focus on market penetration to increase market share.

  • In 2022, Wirthwein AG announced the establishment of Xi'an Wirthwein Plastic Technology Co., Ltd. in China. It is the fourth factory of the company in this country; the other three are located in Kunshan and Shenyang.
  • In 2022, Techniplas US LLC acquired Nanogate Group (Nanogate), a publicly traded company and prominent manufacturer of highly engineered plastics systems and components.

Frequently Asked Questions

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.
Automakers are opening new manufacturing sites or moving existing ones in growing automotive markets to meet the growing demand for active grille shutter products that are to be required in sports cars or premium cars. According to ACEA, there are currently 301 automobile factories operational across Europe, producing passenger cars, light commercial vehicles, heavy-duty vehicles, buses, engines, and batteries, as of 2022. Following the move of much of the European car industry's production to Eastern Europe, Africa is the next point for automotive production and a growing consumer market.
The ICE segment led the active grille shutter market with a significant share in 2021. It is further expected to dominate the market share over the forecast period.
The active grille shutter market was dominated by Europe, with more than 40% share in 2021 and will continue to dominate the market till 2028.
Italy, France and China are expected to register high growth rates during the forecast period.
The US held the largest market share in 2021, followed by Germany and China.
The major companies in active grille shutter market includes Valeo; HBPO GmbH; Magna International Inc; Röchling SE & Co. KG; SRG Global; SHAPE Corporation; Standard Motor Products Inc.; Techniplas, LLC; Wirthwein AG; and Starlite
The horizontal segment led the active grille shutter market with more than 80% share in 2021. It is further expected to dominate the market over the forecast period.
The active grille shutter market is expected to reach US$ 3,094.60 million by 2028.
The incremental growth, expected to be recorded for the active grille shutter market during the forecast period, is US$ 829.61 million.

The List of Companies - Active Grille Shutters Market

  1. Valeo SA
  2. HBPO GmbH
  3. Magna International Inc.
  4. Röchling SE & Co. KG
  5. SRG Global Inc.
  6. SHAPE Corporation
  7. Standard Motor Products Inc.
  8. Techniplas, LLC
  9. Wirthwein AG
  10. STARLITE Co., Ltd.
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global active grille shutters 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 global active grille shutters 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 global market trends and outlook coupled with the factors driving the 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
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