A recent report published by Infinium Global Research on active grille shutter market provides an in-depth analysis of segments and sub-segments in the global as well as regional active grille shutter market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional active grille shutter market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global active grille shutter market. According to the report, the global active grille shutter market is projected to grow at a CAGR of 9.8% over the forecast period of 2018-2024.
Grille shutters, as the name implies are shutters similar to the window blinds that typically fit right behind a vehicle’s grille or in front of the air inlet. Without shutters, air flows through the grille and into the engine bay, either sucked in by the radiator fan or forced in by the movement of the car through the air. Majority of that air then passes through the fins of the radiator located directly behind the grille, helping cool down the coolant within, which in turn keeps the engine cool. The additional air flows through a complex path and it’s subject to lots of interruption and disturbance before it finds its way out, usually underneath the vehicle. This can add significant aerodynamic drag to the car, increasing the amount of energy needed to move and thus decreasing gas mileage. Active grille shutters improve fuel efficiency by opening and closing automatically to control the airflow. When it’s open, the shutters allow the air to flow through the radiator and into the engine compartment, as usual. But when the air is not needed, the shutters close, diverting the air around the vehicle to lessen aerodynamic drag and reduce fuel consumption. Additionally, the closed shutters also reduce warm-up time in cold weather.
A major driver for the global active grille shutter market is the fact that by implementing the grille shutters the fuel efficiency of vehicle improves. Now, more people are concerned about the fuel efficiency of their vehicles. Governments of many countries or states have put forth stringent rules and regulations for air pollution and greenhouse gas emission. Fuel-efficient cars also mean cars with low emission. Hence, the demand for active grille shutter is growing among the automobile manufacturers to reduce the emission and produce vehicles that fit into the Government’s norms of gas emission. However, the presence of alternative may hamper the global active grille shutter market. Having said that, people are willing to spend more on vehicles as a result of increasing disposable income and improving lifestyle. Global active grille shutter market may turn this into their favor.
Among the geographical segments, Europe is the leading segment in the global active grille shutter market. Many of the national governments in the European region have very strict rules regarding the environment, air pollution, and greenhouse gas emission. Thus, there is a growing demand for vehicles with low emission and eventually for the active grille shutters in Europe. People in Europe have demand for vehicles with advanced features to match their high lifestyle and can afford such vehicles as they have high disposable income. Therefore, many vehicles in the European region have active grille shutters in them.
The report on global active grille shutter market covers segments such as shutter type, vane type, vehicle type, and sales channel. On the basis of shutter type, the sub-markets include visible and non-visible. On the basis of the vane type, the sub-markets include horizontal and vertical. On the basis of vehicle type, the sub-markets include light commercial vehicle, passenger vehicle, and heavy commercial vehicle. On the basis of the sales channel, the sub-markets include original equipment manufacturer and others.
The report provides profiles of the companies in the market such as TONG YANG GROUP., AISIN SEIKI Co., Ltd., STARLITE Co., Ltd, Shape Corp., Techniplas, LLC., Batz Group, SRG Global™, Magna International Inc., Valeo, and Röchling Group.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of active grille shutter market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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