Press release
Global Automotive Active Grille Shutter Market to grow at a CAGR of 2.03% during a period 2017-2021
About Automotive Active Grille Shutter
Active grille shutters use an automatic open and shut technology to reduce the drag in vehicles, which results in higher fuel efficiency and lower emissions.
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The grille shutter vents are automatically closed when excess air is not required by the engine, which provides a great highway performance. In colder climatic conditions, the grille is kept shut to maintain an optimal engine temperature. The automotive active grille shutter is currently in the introduction stage and is limited to mid-segment passenger cars, luxury segment passenger cars, and pickup trucks in some regions.
Technavios analysts forecast the global automotive active grille shutter market to grow at a CAGR of 2.03% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global automotive active grille shutter market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Automotive Active Grille Shutter Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
Magna
Rchling
SRG Global
Valeo
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Other prominent vendors
Brose
Johnson Electric
Mirror Controls international
Sonceboz
Market driver
Higher fuel efficiency and lower emissions
For a full, detailed list, view our report
Market challenge
Increasing manufacturing cost due to dynamism in regulatory environment
For a full, detailed list, view our report
Market trend
Increasing demand for shape memory alloys
For a full, detailed list, view our report
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Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
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