Press release
Automotive Active Grille Shutter (AGS) Market key Drivers, Business Insights, Trends | Rochling Group, Valeo, Magna International Inc., SRG Global, Batz, S.Coop, HBPO GmbH, Techniplas, LLC., Brose Fahrzeugteile GmbH & Co. KG, and Coburg
Automotive Active Grille Shutter (AGS) Market
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The factors that drive the growth of the Automotive Active Grille Shutter (AGS) Market include rise in demand for vehicles with higher fuel-efficiency, emphasis of automakers on achieving aerodynamic vehicle body to reduce air drag, and increasing stringency of vehicle emissions. In addition, the factor that restrains the automotive active grille shutter market growth is increasing manufacturing cost due to regulatory environment.
For the car and SUV markets, the rising fuel cost is scaring first time buyers. Earlier, the increase in price was occasional and the automotive industry used to understand its impact easily, however, nowadays the surge in prices occurs more often, thus the impact is difficult to interpret. Over the past one year, fuel prices have been inching upward and has significantly impacted the total cost of ownership of vehicles, which is an important factor that is considered by the consumers. Hence, it can be concluded that there is rise in demand for vehicles with higher fuel-efficiency.
The major companies profiled in the report include Rochling Group, Valeo, Magna International Inc., SRG Global, Batz, S.Coop, HBPO GmbH, Techniplas, LLC., Brose Fahrzeugteile GmbH & Co. KG, and Coburg. These players have adopted different strategies such as expansion and new product development to gain significant Automotive Active Grille Shutter (AGS) Market share.
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The automotive active grille shutter market is segmented on the basis of vehicle type, shutter vanes type, shutter type, and region. Based on vehicle type, its segmentation is done into passenger car, LCV, and HCV. By shutter vanes type, it is categorized into horizontal AGS and vertical AGS. By shutter type, it is bifurcated into visible AGS and non-visible AGS. By region, it is analyzed for Asia-Pacific, Europe, North America, and LAMEA.
KEY AUTOMOTIVE ACTIVE GRILLE SHUTTER MARKET SEGMENTS
By Vehicle Type
Passenger Car
LCV
Heavy Commercial Vehicle
By Shutter Vanes Type
Horizontal AGS
Vertical AGS
By Shutter Type
Visible AGS
Non-Visible AGS
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