Automotive Radiator Grille Market estimated to grow at impressive CAGR in the forecast period (2018-2023)

Summary:
The report on the Automotive Radiator Grille Market has been launched in Jan,2018 by Stratview Research is an all-inclusive report that talks about the market structure and growth in the forecast period of 2018-2023. The report also offers insights into different market segments and other factors affecting the market.

Click here for Report Description:
https://www.stratviewresearch.com/298/Automotive-Radiator-Grille-Market.html
Or
Request for a free sample here:
https://www.stratviewresearch.com/Request-Sample/298/Automotive-Radiator-Grille-Market.html

Stratview Research’s report states about the segment-wise current market condition, and also offers an estimation about future growths. The report has been generated after accumulating data from various authenticated sources such as journals, white papers, fact book, etc. As per the estimation, Automotive Radiator Grille Market is expected to inflate at impressive CAGR by the forecast period (2018 – 2023).

As per the report, the market is segmented by:
• By Vehicle Type: Passenger Car, LCV, M&HCV
• By Design Type: Horizontal Grille, Vertical Grille, Mesh Grille
• By Material Type: Metal, Plastic
• By Process Type: Die Casting, Injection Molding, Others
• By Region: North America, Europe, Asia-Pacific, Rest of the World

The Table of Contents can be gone through here:
https://www.stratviewresearch.com/toc/298/Automotive-Radiator-Grille-Market.html

Highlights of the Report:

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.

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.

Key Players of the Market
The market is consolidated in nature with five major players Faltec Co., Ltd., Lacks Enterprises Inc., Magna International, Sakae Riken Kogyo Co., Ltd., Samshin Chemicals Co., Ltd. holding together the major share in the market, with Asian Industry Co., Ltd being the key player.
Other important firms are SRG Global Inc., Toyoda Gosei Co., Ltd., The Plastic Omnium Group

Features of the Report

The Report discusses about the working of the radiator grille, the various types, and the growth of the radiator grille in the global market. Here are the key features of the report:
• Strategic Segmentation
• Competitive Analysis
• Strategic Growth Opportunities
• Swot Analysis
• Key Players
• Forecast Analysis & Future Growth

For inquiries, Contact:
Ritesh Gandecha
Stratview Research
E-mail: sales@stratviewresearch.com
Direct: +1-313-307-4176

400 Renaissance Center, Suite 2600, Detroit, Michigan, MI 48243 United States of America

Know more about us and our reports:

Stratview Research is a global market research company and is known to offer custom research reports in varied fields such as aerospace & Defense, Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas. The team makes sure to have a deep research about the topics so that the most useful insights can be delivered to the professionals.

This release was published on openPR.