DUBLIN, Jan. 18, 2019 /PRNewswire/ --
The "Active Grille Shutter - Global Market Outlook (2017-2026)" report has been added to ResearchAndMarkets.com's offering.
Global Active Grille Shutter market accounted for $3.29 billion in 2017 and is expected to reach $5.04 billion by 2026 growing at a CAGR of 4.9%.
Significant factors which are influencing the market growth are increasing in consumer demand for fuel-efficient vehicles and stringent emission norms. However, high cost of active grill shutters is hampering the market growth.
Active Grille Shutter System operates to control airflow through the radiator. It opens at lower speeds to help keep the engine cool and closes at higher speeds to help reduce drag, which improves the vehicle's fuel efficiency. Active grill shutters are mostly manufactured from lightweight reinforced thermoplastics, resulting in weight reduction and improved aerodynamic performance.
Based on vehicle type, passenger vehicle segment is anticipated to have a significant growth due to the increasing demand for luxury vehicles and the high rate of innovation in passenger cars. Factors such as rising demand for luxury vehicles and the high rate of innovation in passenger cars, will contribute to the growth of this industry segment in the coming years.
In terms of geography, North America is estimated to be the highest growth due to the increasing demand for fuel-efficient vehicles, inclusion of these shutters in the light commercial vehicles to improve the fuel efficiency.
Key Topics Covered:
1 Executive Summary
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.5 Research Sources
3 Market Trend Analysis
3.6 Emerging Markets
3.7 Futuristic Market Scenario
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Active Grille Shutter Market, By Vane Type
6 Global Active Grille Shutter Market, By Type
6.2 Polypropylene (PP)
6.3 Polycarbonate (PC)
6.5 Other Types
7 Global Active Grille Shutter Market, By Shutter Type
8 Global Active Grille Shutter Market, By Sales Channel
8.3 Original Equipment Manufacturer (OEM)
9 Global Active Grille Shutter Market, By Vehicle Type
9.2 Light Commercial Vehicle
9.3 Heavy Commercial Vehicle
9.4 Passenger Vehicle
10 Global Active Grille Shutter Market, By Geography
10.2 North America
10.4 Asia Pacific
10.5 South America
10.6 Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.5 Other Key Strategies
12 Company Profiling
12.2 HBPO GmbH
12.3 Magna International Inc.
12.4 Batz, S.Coop.
12.5 Rochling Group
12.7 Aisin Seiki Co., Ltd.
12.8 Shape Corp.
12.9 SRG Global
12.10 STARLITE Co., Ltd.
12.11 Techniplas, LLC
For more information about this report visit https://www.researchandmarkets.com/research/wxvmp6/5_billion?w=5
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