Active Grille Shutter Market Overview by Top Players Segments Demand and Forecast till 2028

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.

Automotive manufacturers are rapidly adopting various technologies to attract new customers and gain a competitive edge, despite the hostile environment created by macroeconomic factors since 2018, including the disruptive impact of the COVID-19 pandemic and political issues affecting component supply. However, despite the challenging circumstances, automobile sales have begun to increase in 2021, with passenger vehicles, including high-end electric vehicles, driving the demand.

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Companies Profiled in this report includes:

• Valeo SA
• HBPO GmbH
• Magna International Inc.
• R?chling SE & Co. KG
• SRG Global Inc.
• SHAPE Corporation
• Standard Motor Products Inc.
• Techniplas, LLC
• Wirthwein AG
• STARLITE Co., Ltd.

To attract customers, manufacturers are integrating active grille shutters into their vehicles, which can significantly enhance aerodynamic performance and reduce fuel consumption while helping maintain optimal temperatures for internal combustion engines or EV batteries. The automotive industry is also moving toward lightweight components, including active grille shutters, due to their higher strength-to-weight ratios, corrosion resistance, and workability. These lightweight components can help reduce overall vehicle mass and achieve up to 25% mass savings over steel versions, leading to improved fuel efficiency and lower carbon emissions. As such, demand for lightweight active grille shutters has increased significantly among automakers over the past decade, as they help save assembly time and reduce vehicle mass. Recently, Magna, a leading automotive manufacturer, launched its full-system assembly of composite liftgates and active aerodynamic grille shutters in China.

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Active Grille Shutter Market Segmentation:

By Propulsion Type:
• ICE
• Electric

By Vane Type:
• Horizontal
• Vertical

By Vehicle Type:
• Passenger Vehicles
• LCV
• HCV

China is currently the leading market for active grille shutters in Asia Pacific, with Japan and South Korea following closely behind. The active grille shutter market in China is growing at a rapid pace, making it one of the fastest-growing markets globally. Automobile manufacturers in China are among the primary adopters of active grille shutters in the APAC region, as they strive to increase their export volumes. As the demand for fuel-efficient vehicles continues to rise worldwide, it is expected that European automobile manufacturers will also adopt similar strategies in the near future. Similarly, automobile manufacturers in India, Japan, and South Korea are also implementing such strategies, contributing to the expansion of the active grille shutter market in the region, with many market players operating in the area.

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