Automotive Radiator Grille Market is likely to be a US$ 3,087.2 Million opportunity in 2023
This report, from Stratview Research, studies the global automotive radiator grille market over the trend period of 2012 to 2017 and the forecast period of 2018 to 2023. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
The Automotive Radiator Grille Market: Highlights
As per Stratview Research, The global automotive radiator grille market is projected to reach US$ 3,087.2 million in 2023 and offers healthy growth opportunities in the entire ecosystem of the market. Increasing global automobile production, rising demand for fuel-efficient vehicles, higher preference towards excellent aesthetics, increasing demand for lightweight parts, and rising automobile fleet are the major factors that the proliferating the growth of radiator grilles in the automotive industry.
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The global automotive radiator grille market is segmented based on the vehicle type as Passenger Car, LCV (Light Commercial Vehicle) and M&HCV (Medium- & Heavy-Duty Commercial Vehicle). Passenger car is expected to remain the growth engine of the global automotive radiator grille market during the forecast period of 2018 to 2023. Increasing production of passenger cars, especially SUVs and compact cars, coupled with a higher demand for excellent aesthetics is the major driver of the segment.
Based on the design type, the global automotive radiator grille market is segmented as Horizontal Grille, Vertical Grille, and Mesh Grille. Horizontal grille is expected to remain the most dominant design type in the global automotive radiator grille market during the forecast period of 2018 to 2023. Horizontal grille is preferred in most of the vehicle types including passenger cars and light commercial vehicles, driven by its good strength, easy maintenance, and high aesthetic value.
Based on the material type, the automotive radiator grille market is segmented as metal and plastic. Plastic radiator grille is expected to remain the largest segment of the global automotive radiator grille market during the forecast period. It is also expected to witness higher growth during the same period. Stringent government regulations regarding fuel efficiency enhancements and carbon emission reductions are compelling automakers to incorporate lightweight materials into various applications of the vehicle to make the overall vehicle lightweight. Radiator grille is also not untouched with such market dynamic and has been experiencing a shift from metal to plastic materials. Plastic grille not only reduces the system weight but also offers higher performance than metal parts.
Based on the process type, the automotive radiator grille market is segmented as Die Casting, Injection Molding, and Others. The injection molding process is expected to remain the most dominant and fastest-growing process type in the global automotive radiator grille market during the forecast period. Injection molding process is capable of manufacturing small-sized parts with high complexity in shapes. It is extremely suitable for mass-volume auto applications and has a very short part cycle time with very fewer scrapes.
Based on the region, Asia-Pacific is expected to remain the largest automotive radiator grille market during the forecast period. The region is also expected to experience the highest growth during the same period. The higher growth of automotive radiator grille in Asia-Pacific is mainly attributable to the increasing vehicle production in the region. China and India are likely to act as the growth engines of the region’s market during the forecast period.
The supply chain of this market comprises raw material suppliers, automotive radiator grille manufacturers, distributors, and automotive OEMs. The key automotive radiator grille manufacturers are Magna International, Plastic Omnium, Toyoda Gosei, SRG Global, Lacks Enterprises, Sakae Riken Kogyo Co., Ltd., Samshin Chemicals Co., Ltd., Faltec Co., Ltd. Development of active grille, regional expansion, and execution of mergers & acquisitions are the key strategies adopted by major key players to gain a competitive edge in the market.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors
The automotive radiator grille market is segmented into the following categories.
Automotive Radiator Grille Market, By Vehicle Type
• Passenger Car (Regional Analysis: NA, Europe, APAC, and RoW)
• LCV (Regional Analysis: NA, Europe, APAC, and RoW)
• M&HCV (Regional Analysis: NA, Europe, APAC, and RoW)
Automotive Radiator Grille Market, By Design Type
• Horizontal Grille (Regional Analysis: NA, Europe, APAC, and RoW)
• Vertical Grille (Regional Analysis: NA, Europe, APAC, and RoW)
• Mesh Grille (Regional Analysis: NA, Europe, APAC, and RoW)
Automotive Radiator Grille Market, By Material Type
• Metal (Regional Analysis: NA, Europe, APAC, and RoW)
• Plastic (Regional Analysis: NA, Europe, APAC, and RoW)
Automotive Radiator Grille Market, By Process Type
• Die Casting (Regional Analysis: NA, Europe, APAC, and RoW)
• Injection Molding (Regional Analysis: NA, Europe, APAC, and RoW)
• Others (Regional Analysis: NA, Europe, APAC, and RoW)
Automotive Radiator Grille Market, By Region
• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, The UK, Italy, Russia, and Rest of Europe)
• Asia-Pacific (Country Analysis: Japan, China, South Korea, India and Rest of Asia-Pacific)
• Rest of the World (Country Analysis: Brazil, Argentina, and Others)
About Stratview Research
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