Global Active Grille Shutter Market is accounted for $3.60 billion in 2020 and is expected to reach $6.04 billion by 2028 growing at a CAGR of 6.7% during the forecast period. Factors such as increasing in consumer demand for fuel-efficient vehicles and stringent emission norms are driving the growth of the market.
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By geography, North America is going to have high growth during the forecast period which can be attributed to the rising demand for fuel-efficient vehicles and stringent government regulations across the region.
Some of the key players profiled in the Active Grille Shutter Market include Valeo, Magna International Inc., Rochling Group, Aisin Seiki Co., Ltd, Techniplas, LLC, Batz Group, Shape Corp., HBPO GmbH, STARLITE Co., Ltd., Keboda, and SRG Global.
Shutter Types Covered in Active Grille Shutter Market
• Visible
• Non-Visible
Types Covered:
• Polypropylene (PP)
• Polycarbonate (PC)
• Polyester
Vane Types Covered:
• Vertical
• Horizontal
Vehicle Types Covered:
• Passenger Vehicle
• Commercial Vehicle
Sales Channels Covered:
• Original Equipment Manufacturer (OEM)
• Aftermarket
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