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Automotive Active Grille Shutter Market Insights US$ 10.88 billion by 2034

04-04-2024 04:19 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Fact.MR

Automotive Active Grille Shutter Market Insights US$ 10.88

In 2024, the global automotive active grille shutter market (自動車用アクティブグリルシャッター市場) is estimated to be valued at US$ 5,180.2 million. It is projected to grow at a CAGR of 7.7% and reach US$ 10,876.9 million by 2034. The automotive active grille shutter market is witnessing significant growth due to the increasing demand for fuel-efficient vehicles and the growing automotive industry worldwide. Active grille shutters are designed to improve the aerodynamics of vehicles by automatically opening and closing the grille to control the airflow to the engine. This helps in reducing drag, which in turn improves fuel efficiency and reduces emissions.

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Market Dynamics:

The automotive active grille shutter market is being driven by the increasing demand for fuel-efficient vehicles. These shutters are designed to improve aerodynamics and reduce drag, thereby enhancing fuel efficiency. Stringent government regulations regarding vehicle emissions and fuel efficiency are also propelling market growth. Additionally, advancements in grille shutter technology, such as integration with vehicle control systems, are further boosting market expansion.

Market Future Outlook:

The future of the automotive active grille shutter market looks promising, with continued emphasis on reducing vehicle emissions and improving fuel economy. As automakers strive to meet these goals, the adoption of active grille shutters is expected to increase. Moreover, the integration of smart technologies, such as sensors and actuators, will enhance the functionality of these shutters, driving market growth in the coming years.

Market Insights:

The automotive active grille shutter market (자동차 액티브 그릴 셔터 시장) is witnessing significant growth, driven by the increasing focus on sustainability and environmental concerns. These shutters help reduce CO2 emissions by improving the overall aerodynamics of vehicles. Additionally, their ability to improve fuel efficiency is attracting automakers looking to meet stringent regulatory standards. The market is also benefiting from the growing demand for electric vehicles, as grille shutters play a crucial role in enhancing the range of these vehicles.

Key Players:

Magna International Inc.
Shape Corporation
SRG Global Inc. (Guardian Industries)
Techniplas LLC
HBPI GmbH
Rochling Automotive
Valeo SA
Mirror Controls International
Sonceboz SA
Batz Group
Aisin Corporation

Competitive Landscape:

Key players in the automotive active grille shutter industry are employing a range of strategies to achieve their objectives. These strategies include promoting innovation, implementing rigorous quality control measures, forming strategic partnerships, optimizing supply chain management, and continuously advancing their products and technologies. Magna International Inc.: Magna International is a global automotive technology company that designs and manufactures automotive systems, modules, and components. Operating across various segments of the automotive market, Magna International provides innovative solutions to automakers worldwide. The company likely offers active grille shutter systems designed to improve vehicle aerodynamics, enhance fuel efficiency, and contribute to overall vehicle performance.

Shape Corporation: Shape Corporation is a global full-service supplier of lightweight materials, structural components, and assemblies for the automotive industry. Specializing in innovative solutions, Shape Corporation caters to the evolving needs of the automotive market. The company likely provides advanced solutions for active grille shutters, contributing to vehicle efficiency and aerodynamics.

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Segmentation of Automotive Active Grille Shutter Market (marché des obturateurs de calandre actifs automobiles) Research

By Shutter :
Visible Automotive Active Grille Shutters
Non-Visible Automotive Active Grille Shutters
By Vehicle Type :
Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles

By Region :
North America
Europe
East Asia
Latin America
Middle East & Africa
South Asia & Oceania

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