Visible Active Grille Shutters Market size is estimated to be USD 1.3 Billion in 2024 and is expected to reach USD 2.5 Billion by 2033 at a CAGR of 8.2% from 2026 to 2033.
The global Visible Active Grille Shutters Market was valued at USD 2.3 billion in 2022 and is projected to expand at a compound annual growth rate (CAGR) of 7.2% from 2023 to 2030. The increasing adoption of active grille shutters in automotive applications, driven by their role in improving vehicle aerodynamics and fuel efficiency, is one of the major factors contributing to market growth. Additionally, rising environmental concerns and stricter fuel efficiency standards are further driving the demand for these shutters in the automotive industry. As the automotive sector transitions to more sustainable solutions, visible active grille shutters are becoming a popular choice for enhancing vehicle performance. The global market is expected to reach approximately USD 4.6 billion by 2030, showcasing robust growth prospects throughout the forecast period.
Regionally, North America holds a significant share in the Visible Active Grille Shutters Market, accounting for 30% of the total market in 2022, with a steady increase expected in the coming years. The region’s high adoption rate of advanced automotive technologies, coupled with strong automotive manufacturing capabilities, supports its dominance. Europe follows closely, driven by the increasing demand for fuel efficient vehicles and stringent environmental regulations. The market in Asia Pacific is anticipated to witness the highest growth rate over the forecast period, due to the rapid expansion of automotive production and growing focus on vehicle emissions standards in countries like China and India. Latin America and the Middle East are also expected to contribute to market growth, driven by increasing automotive production and the rising trend of vehicle electrification.
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Magna International Inc.
Valeo
Röchling Automotive
Aisin Corporation
Shape Corporation
Mirror Controls International
Sonceboz
HBPO
SRG Global Inc. (Guardian Industries)
Yamaguchi Starlite
Techniplas
Keboda Chongqing Automotive Electronics
Batz Group
Johnson Electric
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Visible Active Grille Shutters Market
Passenger Vehicles
Commercial Vehicles
Electric Vehicles
Heavy-duty Vehicles
Aluminum
Plastic
Steel
Composite Materials
Electric Actuation
Mechanical Actuation
Hydraulic Actuation
OEMs (Original Equipment Manufacturers)
Aftermarket Suppliers
Fleet Operators
Active Grille Shutters with Passive Operation
Active Grille Shutters with Adaptive Control Systems
Active Grille Shutters with Fixed Opening Mechanism
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Visible Active Grille Shutters Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Visible Active Grille Shutters Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Visible Active Grille Shutters Market, By Type
6. Global Visible Active Grille Shutters Market, By Application
7. Global Visible Active Grille Shutters Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Visible Active Grille Shutters Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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