Global Automotive Active Grille Shutter (AGS) Market to Reach US$ 1078.7 million in 2023
The Global Automotive Active Grille Shutter (AGS)
Market: Highlights
Active grille shutter is an advanced mechatronic
component, which performs a key function of selectively allowing or restricting
airflow with an automatic opening and closing of shutters based on real-time
needs. This results in reducing aerodynamic drag to an extent and improving the
fuel economy of the vehicle, thereby leading to reduced CO2 emissions. The
automotive industry is very keen on adopting technologies, which lead to an
improvement in fuel economy and a reduction in harmful emissions.
The automotive active grille shutter market is
likely to grow at an impressive double-digit rate over the next five years to
reach US$ 1078.7 million in 2023. The auto industry has efficaciously been
ushering in a new era of aerodynamic vehicles with a meticulous investment into
advanced components that can address the changing business requirements in the
most effective manner. All the major automakers have vigorously been
incorporating active components in their most-renowned vehicle models with the
purpose to improve the overall fuel efficiency of vehicles in order to address
stringent government regulations, such as CAFE Standards and EU Commission on
Carbon Emissions Reduction Targets.
Active grille shutter is a key component of active
aerodynamic family and has been catching the automakers’ attention by offering
a vast list of advantages. On an average, AGS offers signification weight
reduction up to 20% and improvement in aerodynamic performance up to 30% as
compared to non-AGS vehicle. Today, AGS has successfully found its
presence in both premium vehicle models as well as mass-produced vehicle models
of almost all major automakers including Ford, GM, Toyota, BMW, Lincoln, Honda,
Mazda, Mercedes-Benz, and Rolls Royce.
The biggest factor driving the market for AGS is an
incessant increase in its penetration in the automotive industry year on year
as all the major automakers are incorporating this technology in their major
vehicle models. One side, major automakers are working closely with the AGS
suppliers in order to make their vehicle more fuel efficient, whereas another
side, AGS suppliers are working hard to quickly meet automakers’ rising demand
for a well-engineered, high-quality AGS system that helps to address fuel
economy standards.
AGS has a disruptive journey so far in the
automotive industry and has evolved a lot with changing market needs and
designs. However, to maintain the growth momentum, AGS must to adapt itself as
per the new business environments including a greater incorporation of ADAS
(Advanced Driver-Assistance Systems) electronics, such as auto-braking and auto
cruise control; the development of new diesel and electric engines; and
introduction of more stringent regulations regarding pedestrian protection and
carbon emission reductions.
Development of innovative AGS solutions is an indispensable
focus area of the AGS suppliers based on the requirements of auto OEMs. The
market for AGS is marked by major global automotive tier players including
Rochling Automotive, Magna International Inc., and Valeo SA. Also, it is
expected that the excellent growth of active grill shutters may entice other
players to enter the market to tap the growth potential.
The global automotive active grille shutter market
is segmented based on the vehicle type as Passenger Car, LCV (Light Commercial
Vehicle) and M&HCV (Medium- and Heavy-Duty Commercial Vehicle). A passenger
car is expected to remain the growth engine of the global automotive active
grille shutter market during the forecast period of 2018 to 2023. Increasing
production of passenger cars coupled with increasing penetration of AGS in
passenger car models is likely to elevate the demand for AGS in the passenger
car segment.
Global Automotive Active Grille Shutter (AGS) Market - Insights by Vanes Type
Based on the shutter vanes type, the automotiveactive grille shutter market is segmented as Horizontal Vanes and Vertical
Vanes. Horizontal vane-based active grille shutter is expected to remain most
dominant type in the global automotive active grille shutter market during the
forecast period. Both horizontal, as well as vertical vane segments, are likely
to witness healthy growth rates over the next five years.
Global Automotive
Active Grille Shutter (AGS) Market
- Insights by Region
Based on the regions, Europe is expected to remain
the largest automotive active grille shutter market during the forecast period.
Stricter emission norms of European Commission have led to a faster adoption of
active grille shutter into European vehicles. Ford Focus & Fusion, BMW 5
Series & 7 Series, Renault Twingo & Talisman, Citroen C4 Picasso, and
Audi Q7 are some key European models that have active grille shutters.
Asia-Pacific is likely to depict the highest growth during the forecast period
with China being the key source of growth.
The supply chain of this market comprises raw
material suppliers, actuator suppliers, automotive active grille shutter
manufacturers, automotive OEMs, and dealers, and end-users. the key raw
material suppliers for automotive active grille shutter are Lanxess AG,
Celanese Corporation, and BASF SE, whereas some of the major active grille
shutter actuator suppliers are Hella KGaA Hueck & Co., Sonceboz SA, Johnson
Electric, and Brose Fahrzeugteile GmbH & Co. KG.
The key automotive active grille shutter
manufacturers are Rochling Automotive, Magna International Inc., Valeo SA, SRG
Global, HBPO, and Shape Corporation. The development of integrated active
grille shutters and forming strategic alliances with the automakers are the key
strategies adopted by the major players to gain a competitive edge in the
market.
Report link- https://www.stratviewresearch.com/323/Automotive-Active-Grille-Shutter-Market.htmlFor more information, contact
Stratview Research
Email: sales@stratviewresearch.com
Direct: +1-313-307-4176
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