Automotive Active Grille Shutter Market valued at 3590 million US$ in 2018 is expected to reach 4130 million US$ by the end of 2025, growing at a CAGR of 2.0% by 2025
Automotive aerodynamic systems were increasingly used in racing to lower the drag and raise downforce to offer better efficiency. This technology was also adopted in the production vehicles that assisted in raising the fuel efficiency and lower emissions levels. Active grille shutter provides increased assistance in cutting off extra weight.
The active grille shutter is manufactured from lightweight materials, such as low-weight reinforced thermoplastics (LWRT) resulting in reduction of around 20% in weight and an improvement in the aerodynamic performance of about 30%. Moreover, the active grille shutter operations such as opening and closing is controlled according to the instructions sent from the engine ECU system.
This report focuses on Automotive Active Grille Shutter volume and value at global level, regional level and company level. From a global perspective, this report represents overall Automotive Active Grille Shutter market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.
At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.
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The rising demand for shape memory alloys (SMA) is one of the key trends that will contribute to the market growth in the forthcoming years. The emergence of SMA was an advantage for the automotiveindustry as a typical vehicle comprises of more than 200 moving parts and substituting them with SMA will give rise to lower curb weight of the vehicle. This will result in better fuel efficiency and reduce emissions.
The automotive active grille shutter market consists of few number of vendors. The adoption rate is likely to increase over the forecast period due to the rising demand for better fuel efficiency and lower emissions. Stringent emission norms that will compel OEMs to equip their vehicles with active grille shutters to comply with the norms, will offer growth opportunities to the vendors in this automotive grille shutter market.
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The following manufacturers are covered:
Mirror Controls international
Segment by Regions
Segment by Type
Segment by Application
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