As per MRFR analysis, the Active Grille Shutter Market Size was estimated at 5.92 (USD Billion) in 2022. The Active Grille Shutter Market Industry is expected to grow from 6.35(USD Billion) in 2023 to 11.9 (USD Billion) by 2032. The Active Grille Shutter Market CAGR (growth rate) is expected to be around 7.23% during the forecast period (2024 - 2032).
The Active Grille Shutter Market is experiencing significant growth, driven by increasing environmental concerns and stringent emission regulations. The rising demand for fuel-efficient vehicles and the growing adoption of advanced technologies contribute to the market's expansion.
Key opportunities in the active grille shutter market include the development of intelligent systems that integrate with vehicle sensors and control modules. These systems optimize grille shutter performance, improving fuel efficiency and reducing emissions. Additionally, the growing popularity of electric vehicles presents opportunities for the development of active grille shutters specifically tailored to the unique requirements of EVs.
Recent trends include the adoption of lightweight materials, such as carbon fiber and composites, to enhance durability and reduce weight. The integration of sensors and actuators is also becoming more sophisticated, enabling real-time adjustments to grille openings based on driving conditions. Moreover, the increasing focus on vehicle aesthetics has led to the emergence of active grille shutters that seamlessly integrate with vehicle design, providing both functional and aesthetic benefits.
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Vehicle manufacturers understand the importance of active grille shutters that improve fuel efficiency by controlling the flow of air through the grille. Since the majority of governments implement stringent rules designed to decrease the production of carbon emissions and promote the adoption of sustainable transportation, the demand for fuel-efficient cars is rising. Consequently, the Active Grille Shutter Market is on the rise. Active grille shutters make it possible to improve the overall aerodynamics, lower drag, and promote optimal fuel efficiency.
It should also be noted that vehicle manufacturers have employed such a solution in an attempt to comply with these changes and satisfy their customers.
The Active Grille Shutter Market Industry is benefiting from the growth of the market and vast expansion across the regions. The rapid rate of technological and tool development has made some ways of airflow management obsolete and has allowed the development of more effective and sophisticated solutions. Car manufacturers spend significant assets and allocate substantial resources for research and development, constantly increasing ACTIVE GRILLE SHUTTERS, making the products even more advanced and useful.
Thus, the actuator, sensor, and control system are tightly integrated with the grille shutters to facilitate airflow management directly, increase vehicle aerodynamics, and decrease fuel consumption effectively. In addition, active grille shutters enjoy a vast array of opportunities in the field of electric vehicles and hybrid powertrains, as they might be used to manage battery temperatures and facilitate appropriate airflow that promotes energy-efficient traveling.
Another key driver is the constant rise of the SUVs and crossovers’ popularity. The former type of vehicle is characterized by a larger grille than sedans and coupes. Thus, the deployment of active grille shutters is a more meaningful solution to meeting the aerodynamic requirements and increasing the fuel efficiency of that type of automobile. Because the overall number of SUVs and crossovers constantly increases, the market for the product under discussion is expected to enlarge as well.
Another driver is the growing popularity of the active grille shutters that can be observed in commercial vehicles, including trucks and buses, to name a few.
Passenger Cars Passenger cars segment is estimated to hold the largest market share at over 60% in 2023 and is expected to continue to dominate the market during the forecast period. The growth of the passenger cars segment can be attributed to the increasing demand for fuel-efficient vehicles and the rising popularity of SUVs and crossovers, which usually have larger grilles than sedans and hatchbacks. Commercial Vehicles The commercial vehicles segment is estimated to hold a substantial market share of over 25% in 2023 and is expected to exhibit a steady growth rate over the forecast period.
The growth of the commercial vehicles segment can be attributed to the increasing demand for fuel-efficient trucks and buses and the rising popularity of electric and hybrid commercial vehicles. Heavy-Duty Vehicles The heavy-duty vehicles segment is estimated to hold a smaller market share of approximately 15% in 2023 and is likely to exhibit a slower growth rate relative to other segments during the forecast period. The growth of the heavy-duty vehicles segment can be attributed to the increasing demand for fuel-efficient trucks and buses and the rising popularity of electric and hybrid heavy-duty vehicles.
Summary In summary, the Active Grille Shutter Market is expected to experience remarkable growth over the forecast period. This growth will be fueled by the increasing demand for fuel-efficient vehicles and the rising popularity of SUVs, crossovers, and electric vehicles.
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
The Active Grille Shutter Market is segmented into Single-Shutter and Multi-Shutter based on Grille Type. In 2023, the Single-Shutter segment held the largest market share of 65.1%, and it is expected to continue its dominance during the forecast period. The growth of this segment can be attributed to the increasing demand for fuel-efficient vehicles, as single-shutter active grille shutters offer better aerodynamic performance and reduce drag compared to multi-shutter systems. However, the Multi-Shutter segment is expected to witness a significant growth rate during the forecast period, owing to its ability to provide more precise control over airflow and improved engine cooling.
Additionally, the increasing adoption of multi-shutter systems in luxury and high-performance vehicles is expected to drive the growth of this segment.
The Active Grille Shutter Market is segmented by Blade Material into Plastic and Metal. Plastic is the dominant material type, accounting for a majority of the market share in 2023. The increasing demand for lightweight and fuel-efficient vehicles is driving the growth of the plastic blade material segment. Plastic blades are also more cost-effective than metal blades, making them a more attractive option for manufacturers. The metal blade material segment is expected to witness a steady growth rate during the forecast period. Metal blades are more durable and offer better performance in extreme weather conditions.
The increasing adoption of active grille shutters in luxury and high-performance vehicles is expected to drive the growth of the metal blade material segment. In 2023, the Active Grille Shutter Market revenue for Plastic Blade Material segment is estimated to be around USD 3.25 Billion, which is expected to grow at a CAGR of 7.6% to reach USD 5.6 Billion by 2032. The Metal Blade Material segment is estimated to be around USD 2.1 Billion in 2023, which is expected to grow at a CAGR of 6.8% to reach USD 3.7 Billion by 2032.
The Drive Mechanism segment of the Active Grille Shutter Market holds significant importance, offering a range of options to meet diverse application needs. Electric drive mechanisms, characterized by their compact size, high efficiency, and precise control, accounted for a significant share of the market in 2023 and are projected to maintain their dominance through 2032. Hydraulic drive mechanisms, known for their high power density and ability to withstand harsh environments, are expected to witness steady growth over the forecast period.
Pneumatic drive mechanisms, while less prevalent compared to electric and hydraulic counterparts, offer advantages in terms of cost-effectiveness and simplicity, making them suitable for certain applications.
The Active Grille Shutter Market revenue is segmented into Active and Passive Closure Mechanisms. Active grille shutters utilize an electric motor to control the opening and closing of the grille, while passive grille shutters rely on airflow to operate. In 2023, the active closure mechanism segment held a larger market share due to its improved efficiency and ability to provide better cooling performance. However, the passive closure mechanism segment is expected to witness significant growth in the coming years due to its lower cost and simpler design.
The Active Grille Shutter Market is segmented into North America, Europe, APAC, South America, and MEA. Among these regions, North America is expected to hold the largest market share in 2023, owing to the presence of major automotive manufacturers and the increasing demand for vehicles with improved fuel efficiency. Europe is expected to be the second-largest market, followed by APAC. The APAC region is expected to witness significant growth in the coming years due to the rising demand for vehicles in emerging economies such as China and India.
South America and MEA are expected to account for a smaller share of the global market, but they are expected to grow at a steady pace in the coming years.
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
The major players in the Active Grille Shutter Market are continuously trying to innovate new things related to the Active Grille Shutter Market to develop new technologies as well as to cater to the diversified needs of the clients. Leading players in this market focus on developing new products and technologies to expand their product portfolios and strengthen their presence in the market.
The development of the Active Grille Shutter Market is driven by the growing demand for improved fuel efficiency and reduced emissions AS A RESULT of higher active grille shutter installations in the automotive industry. PART Active Grille Shutter Market is also characterized by a high level of competitiveness, as well as by the presence of leading players as well as emerging companies. The key players identified in this market are Mitsuba Corporation, Valeo, Hayden Automotive, Continental AG, and others. These players invest heavily in research and development for the improvement of and their respective products and also to gain a competitive edge.
Mitsuba Corporation is a Japanese company that focuses on the manufacture and development of automotive components. The company has a significant presence in the Active Grille Shutter Market, thanks to the fact that it manufactures and produces a wide range of automotive mediums such as thermal management systems, air intake, and engine cooling systems. Mitsuba Corporation is well known in the market for being a manufacturer of high-quality products that utilize groundbreaking technologies, and it has shown its commitment to research and development. Such a focus on innovation has resulted in newly developed products and technologies, such as the Active Grille Shutter, which have an effective strategic advantage in the market.
| Report Attribute/Metric | Details |
| Market Size 2022 | 5.92(USD Billion) |
| Market Size 2023 | 6.35(USD Billion) |
| Market Size 2032 | 11.9(USD Billion) |
| Compound Annual Growth Rate (CAGR) | 7.23% (2024 - 2032) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year | 2023 |
| Market Forecast Period | 2024 - 2032 |
| Historical Data | 2019 - 2023 |
| Market Forecast Units | USD Billion |
| Key Companies Profiled | Stoneridge, Mahle, Denso, Schaeffler, Johnson Electric, Hyundai Mobis, BorgWarner, Faurecia, Delphi Automotive, Valeo, Magna, Mitsubishi Heavy Industries, Nissens, Wabco, TRW Automotive |
| Segments Covered | Application, Grille Type, Blade Material, Drive Mechanism, Closure Mechanism, Regional |
| Key Market Opportunities | Increasing demand for improved fuel efficiency Rising adoption of active grille shutter systems in electric vehicles Growing popularity of aerodynamic vehicles Government regulations to reduce carbon emissions Advances in automotive technology |
| Key Market Dynamics | Rising Fuel Efficiency Regulations Increasing Demand for Improved Aerodynamics Growing Adoption of Autonomous Vehicles Focus on Vehicle Weight Reduction Advancements in Grille Shutter Technology |
| Countries Covered | North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Active Grille Shutter Market is expected to reach a valuation of USD 6.35 billion in 2023 and is projected to grow at a CAGR of 7.23% to reach USD 11.9 billion by 2032.
The Asia-Pacific region is expected to dominate the Active Grille Shutter Market, accounting for the largest market share due to the increasing production and sales of automobiles in countries like China, India, and Japan.
The key growth drivers of the Active Grille Shutter Market include rising fuel efficiency regulations, increasing demand for lightweight vehicles, and growing adoption of advanced driver assistance systems (ADAS).
The increasing adoption of Active Grille Shutters in passenger cars, commercial vehicles, and electric vehicles is expected to drive the growth of the Active Grille Shutter Market.
The key competitors in the Active Grille Shutter Market include DENSO Corporation, Hyundai Mobis, Mitsubishi Electric Corporation, Valeo SA, and Schaeffler AG.
The COVID-19 pandemic had a negative impact on the Active Grille Shutter Market due to the disruption in global supply chains and the decline in automobile production. However, the market is expected to recover in the post-pandemic period due to pent-up demand and government stimulus measures.
The key trends in the Active Grille Shutter Market include the increasing adoption of electric vehicles, the integration of advanced sensors and actuators, and the development of smart Active Grille Shutter systems.
The challenges faced by the Active Grille Shutter Market include the high cost of production, the need for stringent safety regulations, and the competition from other fuel-saving technologies.
The Active Grille Shutter Market is expected to grow at a CAGR of 7.23% from 2024 to 2032.
The key opportunities in the Active Grille Shutter Market include the increasing demand for fuel-efficient vehicles, the growing adoption of ADAS, and the development of new technologies.
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