Automotive Active Grille Shutter System Market Overview
As per MRFR analysis, the Automotive Active Grille Shutter System Market Size was estimated at 5.31 (USD Billion) in 2022. The Automotive Active Grille Shutter System Market Industry is expected to grow from 5.74(USD Billion) in 2023 to 11.6 (USD Billion) by 2032. The Automotive Active Grille Shutter System Market CAGR (growth rate) is expected to be around 8.13% during the forecast period (2024 - 2032).
Key Automotive Active Grille Shutter System Market Trends Highlighted
Key Market Drivers:
The rising need for improved fuel efficiency and reduced emissions drives the automotive active grille shutter system market. The increasing popularity of electric and hybrid vehicles that prioritize energy conservation further propels demand. Government regulations aimed at reducing greenhouse gas emissions also contribute to the market's growth.Opportunities to be Explored:
The integration of advanced technologies, such as sensors and software, presents opportunities for market expansion. The use of smart materials that adapt to changing driving conditions and the development of adaptable grille systems that optimize airflow for both cooling and aerodynamics hold significant potential.
Trends in Recent Times:
The market has witnessed a shift towards lightweight and durable materials. Aluminum and composite materials are gaining traction due to their ability to minimize weight while maintaining structural integrity. Moreover, the incorporation of IoT (Internet of Things) and connectivity features enables remote monitoring and control of grille shutter systems, enhancing efficiency and convenience.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Automotive Active Grille Shutter System Market Drivers
Increasing Demand for Fuel Efficiency
Automotive manufacturers are constantly striving to improve the fuel efficiency of their vehicles. Active grille shutter systems can help to reduce aerodynamic drag, which can lead to significant fuel savings. In the fiercely competitive automotive industry, even a slight improvement in fuel efficiency can give a manufacturer a significant advantage. As a result, the demand for active grille shutter systems is expected to grow in the coming years. In addition to improving fuel efficiency, active grille shutter systems can also help to reduce emissions.By reducing aerodynamic drag, active grille shutter systems can help to reduce the amount of fuel that is burned, which can lead to a reduction in emissions. This is an important consideration for automakers, as they are facing increasing pressure to reduce their environmental impact. The increasing demand for fuel efficiency and the need to reduce emissions are two of the most important market drivers for the Automotive Active Grille Shutter System Market Industry.As these trends continue, the demand for active grille shutter systems is expected to grow in the coming years.
Growing Popularity of SUVs and Crossovers
SUVs and crossovers have become more popular around the world. They are usually larger and heavier than sedans, so their need for a lower aerodynamic drag is also greater. Active grille shutter systems help to reduce aerodynamic drag on SUVs and crossovers, so the consumption of fuel is lower, and emissions are decreased. This is likely to drive the demand for active grille shutter systems because more people will be purchasing SUVs and crossovers. Therefore, the increasing number of consumers who keep buying SUVs and crossovers would be driving the demand for active grille shutter systems.At the same time, the demand for active grille shutter systems can be driven by an increasing need for fuel consumption. Consumers are becoming more aware of the benefits of fuel consumption and are more likely to purchase vehicles with active grille shutter systems.
Government Regulations on Fuel Economy
The increasing stringency of government regulations on fuel economy across the world is causing various developments by automakers on vehicle designs that are more fuel-efficient. Government regulations are, therefore, expected to act as a major driver of automakers' spending on active grille shutters. Regulations and laws by governments and authorities requiring automakers to design vehicles that are more fuel-efficient will prompt automakers to opt for active grille shutters.
Automotive Active Grille Shutter System Market Segment Insights
Automotive Active Grille Shutter System Market System Type Insights
The report on the Automotive Active Grille Shutter System Market provides a detailed analysis of the market’s segments. The System Type segment is further segmented into Electric, Hydraulic, Pneumatic, and Mechanical Active Grille Shutter System. The Electric Active Grille Shutter System segment is expected to have the largest market share in 2023 of the Automotive Active Grille Shutter System Market, and it is anticipated to be the same throughout the forecast period. The Electric Active Grille Shutter System is estimated to be the fastest-growing segment in the Automotive Active Grille Shutter System Market.The growth of the segment is attributed to the increasing penetration of electric vehicles that require an active grille shutter system to improve vehicle aerodynamics and reduce fuel consumption. The Hydraulic Active Grille Shutter System segment is estimated to grow at a steady rate throughout the forecast period. The Hydraulic Active Grille Shutter System is predominantly used for heavyweight vehicles due to the high durability and reliability provided by this system. The Pneumatic Active Grille Shutter System is anticipated to be the moderate-growing segment during the forecast period.The Pneumatic Active Grille Shutter System is primarily used for passenger cars and light commercial vehicles, where the system is comparatively cost-effective and provides a reduction in vehicle weight. The Mechanical Active Grille Shutter System segment is expected to have a minimal share in the Automotive Active Grille Shutter System Market in 2023. The Mechanical Active Grille Shutter System is predominantly used for older vehicles and is currently replaced by modern active grille shutter systems.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Automotive Active Grille Shutter System Market End Use Insights
The Automotive Active Grille Shutter System Market is segmented by End Use into Passenger Vehicles and Commercial Vehicles. Among these, the Passenger Vehicles segment is expected to hold a larger market share in 2023 and is projected to continue its dominance throughout the forecast period. The growth of this segment can be attributed to the increasing demand for passenger vehicles, particularly in emerging markets, as well as the rising popularity of SUVs and crossovers, which typically feature active grille shutters. On the other hand, the Commercial Vehicles segment is also expected to witness significant growth during the forecast period, driven by the increasing adoption of active grille shutters in heavy-duty trucks and buses to improve fuel efficiency and reduce emissions.
Automotive Active Grille Shutter System Market Shutter Type Insights
The Automotive Active Grille Shutter System Market is segmented by Shutter Type into Fixed Shutter Systems and Variable Shutter Systems. Fixed Shutter Systems accounted for a larger revenue share in 2023 and is expected to maintain its dominance throughout the forecast period. These systems offer advantages such as lower cost, simpler design, and improved aerodynamic efficiency. However, Variable Shutter Systems are gaining popularity due to their ability to provide better cooling performance and fuel efficiency. The market for Variable Shutter Systems is expected to witness significant growth in the coming years as automakers focus on reducing emissions and improving vehicle performance.
Automotive Active Grille Shutter System Market Application Insights
Application Segment Insights and Overview The Automotive Active Grille Shutter System Market is segmented based on the application into Airflow Management, Cooling Optimization, Fuel Efficiency Improvement, and Aerodynamic Performance Enhancement. The Airflow Management segment is projected to account for the largest share of the market in 2023, owing to the rising demand for systems that can optimize airflow and reduce drag. The Cooling Optimization segment is expected to grow at a significant rate over the forecast period due to the increasing need for systems that can maintain optimal engine temperatures.The Fuel Efficiency Improvement segment is also anticipated to witness steady growth, driven by the growing emphasis on reducing fuel consumption. The Aerodynamic Performance Enhancement segment is expected to gain traction over the forecast period as more automakers focus on improving the aerodynamic efficiency of their vehicles.
Automotive Active Grille Shutter System Market Regional Insights
The regional landscape of the Automotive Active Grille Shutter System Market presents diverse opportunities for growth. North America is anticipated to account for a substantial share of the market due to the presence of well-established automotive industries in the United States and Canada. Europe is another significant region driven by stringent emission regulations and growing consumer preference for fuel-efficient vehicles. The APAC region is witnessing a surge in demand for automotive active grille shutter systems as urbanization and disposable incomes rise.South America and MEA hold promising potential, with increasing vehicle production and government initiatives promoting fuel efficiency.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Automotive Active Grille Shutter System Market Key Players And Competitive Insights
Key participants in the Automotive Active Grille Shutter System Market sector are directing their efforts to develop new products and technologies in order to meet the demand for fuel-efficient vehicles. Leading players in the Automotive Active Grille Shutter System Market are seeking to increase their spending on R in order to improve their product’s performance and durability. Moreover, increased demand for fuel-efficient vehicles will promote the development of the market, as well as various government policies that support the increased use of fuel-efficient vehicles in order to reduce carbon output.Continental AG is one of the key players in the Automotive Active Grille Shutter System Market, a Germany-based company with a substantial presence. The company produces a wide range of different products related to the automotive sector, and it also produces active grille shutter systems. Continental AG’s active grille shutter systems are designed to increase the aerodynamics of vehicles, thus decreasing fuel consumption. It is utilized by such car manufacturers as Ford, General Motors, and Toyota.Denso Corporation is another major player in the Automotive Active Grille Shutter System Market, which is a Japanese multinational company. It produces a wide range of automotive and electronic products and systems, as well as active grille shutter systems. This product is designed to increase vehicle aerodynamics and, thus, decrease fuel consumption. Denso Corporation’s products are used by automakers such as Honda, Mazda, and Nissan.
Key Companies in the Automotive Active Grille Shutter System Market Include
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Denso
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Continental
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Mitsuba
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Valeo
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ZF
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Faurecia
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Siemens
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Reinhold Mahla
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Bosch
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Johnson Electric
Automotive Active Grille Shutter System Market Industry Developments
The automotive active grille shutter system market is projected to reach a valuation of USD 11.6 billion by 2032, exhibiting a CAGR of 8.13% during the forecast period (2024-2032). Rising fuel efficiency concerns and stringent government regulations to curb vehicle emissions are primarily driving market growth.Recent developments include the integration of advanced technologies such as sensors and actuators to enhance grille shutter performance and optimize engine cooling. Additionally, increasing adoption of electric vehicles is expected to create opportunities for the market as grille shutters can improve aerodynamic efficiency and extend battery range. Key players are focusing on strategic partnerships and collaborations to expand their product offerings and strengthen their market position.
Automotive Active Grille Shutter System Market Segmentation Insights
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Automotive Active Grille Shutter System Market System Type Outlook
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Electric Active Grille Shutter Systems
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Hydraulic Active Grille Shutter Systems
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Pneumatic Active Grille Shutter Systems
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Mechanical Active Grille Shutter Systems
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Automotive Active Grille Shutter System Market End Use Outlook
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Passenger Vehicles
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Commercial Vehicles
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Automotive Active Grille Shutter System Market Shutter Type Outlook
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Fixed Shutter Systems
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Variable Shutter Systems
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Automotive Active Grille Shutter System Market Application Outlook
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Automotive Active Grille Shutter System Market Regional Outlook
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North America
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Europe
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South America
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Asia Pacific
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Middle East and Africa
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Report Attribute/Metric
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Details
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Market Size 2022
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5.31(USD Billion)
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Market Size 2023
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5.74(USD Billion)
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Market Size 2032
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11.6(USD Billion)
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Compound Annual Growth Rate (CAGR)
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8.13% (2024 - 2032)
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Report Coverage
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Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
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Base Year
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2023
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Market Forecast Period
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2024 - 2032
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Historical Data
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2019 - 2023
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Market Forecast Units
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USD Billion
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Key Companies Profiled
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Denso, Continental, Mitsuba, Valeo, ZF, Faurecia, Siemens, Reinhold Mahla, Bosch, Johnson Electric
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Segments Covered
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System Type, End Use, Shutter Type, Application, Regional
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Key Market Opportunities
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1 Increasing Fuel Efficiency2 Enhanced Vehicle Aerodynamics3 Government Regulations4 Rise in Electric Vehicles5 Technological Advancements
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Key Market Dynamics
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Rising fuel efficiency standardsGrowing demand for lightweight vehiclesIncreasing penetration of advanced driver assistance systems ADASGovernment incentives for fuel-efficient vehiclesAdvancements in sensor and control technologies
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Countries Covered
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North America, Europe, APAC, South America, MEA
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Frequently Asked Questions (FAQ) :
The Automotive Active Grille Shutter System Market size was valued at USD 5.74 billion in 2023 and is projected to reach USD 11.6 billion by 2032, exhibiting a CAGR of 8.13% during the forecast period (2024-2032).
The North American region is expected to dominate the Automotive Active Grille Shutter System Market throughout the forecast period. The increasing demand for automobiles, coupled with the rising awareness about fuel efficiency, is driving the growth of the market in this region.
The increasing demand for fuel-efficient vehicles is a key factor driving the growth of the Automotive Active Grille Shutter System Market. Active grille shutters help improve the aerodynamics of a vehicle, thereby reducing drag and improving fuel efficiency.
Automotive Active Grille Shutter Systems are primarily used in passenger cars and light commercial vehicles. They are used to control the airflow through the grille, thereby optimizing engine cooling and improving aerodynamics.
Some of the key competitors in the Automotive Active Grille Shutter System Market include Valeo, Schaeffler, Magna International, Continental AG, and Denso Corporation.
The Automotive Active Grille Shutter System Market in Europe was valued at USD 1.5 billion in 2023 and is projected to reach USD 2.7 billion by 2032, exhibiting a CAGR of 7.5% during the forecast period (2024-2032).
The COVID-19 pandemic had a negative impact on the Automotive Active Grille Shutter System Market in the short term. However, the market is expected to recover in the long term as the automotive industry recovers from the pandemic.
Some of the key trends in the Automotive Active Grille Shutter System Market include the increasing adoption of electric vehicles, the development of smart grille shutters, and the use of lightweight materials.
Some of the challenges facing the Automotive Active Grille Shutter System Market include the high cost of active grille shutters, the need for integration with other vehicle systems, and the potential for reliability issues.
Some of the opportunities for growth in the Automotive Active Grille Shutter System Market include the increasing demand for fuel-efficient vehicles, the development of new technologies, and the expansion into new markets.
