The worldwide market for automotive grilles is set to grow at a rate of 4.4% each year from 2022 to 2030. By the end of 2030, it is anticipated to reach a value of USD 14,815.2 million.
An automotive grille is like a protective cover at the front of a vehicle. It lets air in and out of the car. This grille, usually in front of the radiator, shields the vehicle from things on the road and unwanted dirt. It also adds to how the vehicle looks. The grille ensures direct air access to the radiator, helping to keep the engine cool. People often customize their automotive grilles after buying a vehicle. The market is growing because there is a need for better cooling, more vehicles are being made, and making cars more aerodynamic (which means they move through the air more easily) helps them use less fuel. The rise in demand for electric vehicles worldwide and more people moving to cities are also boosting the market. However, there are challenges like a decrease in production because of COVID-19 in the short term and a shortage of semiconductors for a longer time, which will slow down the market's growth.
Big players in the market, such as T-REX Grille, Westin Automotive Products, Putco, Dorman Products, HBPO GmbH, Faltec, SRG Global, Roush Performance, Toyoda Gosei Co, Ltd., Magna International, Kirin Auto Parts Co, Ltd., Zhejiang Ruitai Auto Parts Co., Ltd., and Nlngbo JIEDE IMPORT AND EXPORT CO., LTD., are using various strategies to make their customer base stronger and to be known globally.
The global automotive grille market is split into different parts based on the material used, the type of vehicle, the type of product, where it's sold, and the region. Different materials like aluminum, stainless steel, and ABS Plastic are used. The products can be mesh automotive grilles, CNC automotive grilles, and billet automotive grilles. The type of vehicle includes passenger cars, heavy commercial vehicles, and light commercial vehicles. They can be sold directly by the original manufacturer (OEM) or customized by someone else after buying the vehicle (aftermarket). The major regions in focus are North America, Europe, Asia Pacific, the Middle East & Africa, and South America.
Covered Aspects:Report Attribute/Metric | Details |
---|---|
Market Size Value In 2022 | USD 10523.03 Billion |
Market Size Value In 2023 | USD 10941.22 Billion |
Growth Rate | 4.5% (2023-2032) |
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