Transparency Market Research has published a new report titled, “Automotive Active Grille Shutter Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026”. According to the report, the global automotive active grille shutter market is anticipated to surpass US$ 4 Bn by 2026, expanding at a CAGR of more than 8% during the forecast period.
Rise in demand for vehicles with higher
fuel-efficiency is expected to drive the automotive active grill shutter
market. Automakers are emphasizing on achieving an aerodynamic vehicle
body to reduce air drag. Increasing stringency of vehicle emissions is
prompting automakers to adopt the active grill shutter to reduce fuel
consumption and emission of vehicles. The active grille shutter helps
improve aerodynamic co-efficient by 25 aerodynamic points or by 25%.
Adoption of active grille shutter helps achieve CO2 saving up to 3 grams
per kilometer.
In terms of vane type, the horizontal
segment accounted for a prominent share of the market in 2017. The
horizontal active grille shutter is adopted in high number of vehicles,
as it can be easily mounted behind the grille. Moreover, it is less
complicated and cost-effective, as compared to vertical active grille
shutter. The horizontal segment is expected to dominate the global
active grille shutter market during the forecast period. However, the
vertical segment is anticipated to expand at a notable growth rate
during the period. Rise in trend of vertical grille and improvement in
active grille shutter design have led to feasibility of integrating the
shutters directly into the radiator grille. Vertical vane type active
grille shutters are compact and do not compromise on esthetics. Vertical
vane type active grille shutters are expected to be adopted widely in
premium and luxury vehicles. Rise in sales of luxury and premium
vehicles is thus expected to boost the automotive active grille shutter
market.
In terms of shutter type, the
non-visible segment is anticipated to expand at a CAGR of 10.46%, in
terms of volume, during the forecast period. Non-visible shutters
improve aerodynamics of the vehicle without compromising on esthetics
and hence, are highly preferred.
In terms of sales channel, the OEM
segment is anticipated to dominate the automotive active grille shutter
market due to the demand from automakers to obtain better greenhouse gas
rating and improve fuel economy. The failure of actuator and accidental
damage of active grille shutter are expected to contribute to the
demand for automotive active grille shutter.
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