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Europe Active Grille Shutter Market Forecast to 2028 - COVID-19 Impact and Regional Analysis - by Propulsion Type, Vane Type, Vehicle Type

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    Report

  • 120 Pages
  • October 2022
  • Region: Europe
  • The Insight Partners
  • ID: 5689580
UP TO OFF until Mar 31st 2024
The active grille shutter market in Europe is expected to grow from US$ 979.39 million in 2022 to US$ 1,381.74 million by 2028. It is estimated to grow at a CAGR of 5.9% from 2022 to 2028.

The automotive industry is shifting toward lightweight components in vehicles, as they offer higher strength-to-weight ratios, corrosion resistivity, and workability features. Such components are meant to replace heavy metals in various vehicle parts. The industry is moving toward the growing demand for such lightweight components, including active grille shutters.

The demand for lightweight AGS from automakers has significantly increased over the decade due to the reduction in the overall weight of the vehicles. Such developments in AGS aid the vehicle by saving assembly time and reducing lowers mass. Lightweight AGS modules can achieve up to 25% mass savings over steel versions, leading to better fuel efficiency and lower carbon emissions. Such developments by major automotive manufacturers are driving the active grille shutters market.

Market Overview

Europe consists of several developed economies, including Germany, France, Italy, the UK, and Russia. The increasing digitalization across the region is influencing various industries such as the automotive industry, and manufacturing industry, among others to maximize their capabilities and bolster the adoption of advanced solutions across the automotive sector of the region. The adoption of advanced solutions is benefiting the automotive industry. This is helping the automotive industry to enhance its distribution channel and increase profitability by expanding the platforms of distribution.

Europe active grille Shutter Market Segmentation

The Europe active grille shutter market is segmented into propulsion type, vane type, vehicle type, and country.
  • Based on propulsion type, the market is sub segmented into ICE and electric. The ICE segment registered the largest market share in 2022.
  • Based on vane type, the market is segmented into horizontal and vertical. The horizontal segment held a larger market share in 2022.
  • Based on vehicle type, the market is segmented into passenger vehicles, light commercial vehicles, and heavy commercial vehicles. The passenger vehicles segment held the largest market share in 2022.
  • Based on country, the market is segmented into Germany, France, Italy, the UK, Russia, and Rest of Europe. Germany dominated the market share in 2022.
Valeo SA; HBPO GmbH; Magna International Inc.; Röchling SE & Co. KG; SRG Global Inc.; SHAPE CORPORATION; TECHNIPLAS US LLC; Standard Motor Products Inc.; and WIRTHWEIN AG are the leading companies operating in the active grille shutter market in the region.
Frequently Asked Questions about the European Active Grille Shutter Market

What is the estimated value of the European Active Grille Shutter Market?

The European Active Grille Shutter Market was estimated to be valued at $979.39 Million in 2022.

What is the growth rate of the European Active Grille Shutter Market?

The growth rate of the European Active Grille Shutter Market is 5.9%, with an estimated value of $1381.74 Million by 2028.

What is the forecasted size of the European Active Grille Shutter Market?

The European Active Grille Shutter Market is estimated to be worth $1381.74 Million by 2028.

Who are the key companies in the European Active Grille Shutter Market?

Key companies in the European Active Grille Shutter Market include Valeo SA, HBPO GmbH, Magna International Inc., Röchling SE & Co. KG, SRG Global Inc., SHAPE CORPORATION, TECHNIPLAS US LLC, WIRTHWEIN AG and Standard Motor Products Inc..

Table of Contents

1. Introduction
1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
1.3.1 Europe Active Grille Shutter Market - By Propulsion Type
1.3.2 Europe Active Grille Shutter Market - By Vane Type
1.3.3 Europe Active Grille Shutter Market - By Vehicle Type
1.3.4 Europe Active Grille Shutter Market- By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Active Grille Shutter Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
4.5 Premium Insights
4.5.1 Tier 1 Customer List
5. Europe Active Grille Shutter Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Demand for Passenger Vehicles
5.1.2 Raising Demand for Lightweight AGS in Energy-efficient Vehicles
5.2 Market Restraints
5.2.1 Heavy Cost of AGS and Lack of Awareness Among Customers
5.3 Market Opportunities
5.3.1 Elevating Demand for AGS for Super Sports Car or Premium Cars
5.4 Future Trends
5.4.1 Burgeoning Adoption of EV and Hybrid EV
5.5 Impact Analysis of Drivers and Restraints
6. Europe Active Grille Shutter Market Analysis
6.1 Europe Active Grille Shutter Market Overview
6.2 Europe Active Grille Shutter Market - Revenue and Forecast to 2028 (US$ Million)
7. Europe Active Grille Shutter Market Analysis - by Propulsion Type
7.1 Overview
7.2 Europe Active Grille Shutter Market Breakdown, By Propulsion Type
7.3 ICE
7.3.1 Overview
7.3.2 ICE: Active Grille Shutter Market- Revenue and Forecast to 2028 (US$ Million)
7.4 Electric
7.4.1 Overview
7.4.2 Electric: Active Grille Shutter Market- Revenue and Forecast to 2028 (US$ Million)
8. Europe Active Grille Shutter Market Analysis - by Vane Type
8.1 Overview
8.2 Europe Active Grille Shutter Market Breakdown, By Vane Type
8.3 Horizontal
8.3.1 Overview
8.3.2 Horizontal: Active Grille Shutter Market- Revenue and Forecast to 2028 (US$ Million)
8.4 Vertical
8.4.1 Overview
8.4.2 Vertical: Active Grille Shutter Market- Revenue and Forecast to 2028 (US$ Million)
9. Europe Active Grille Shutter Market Analysis - by Vehicle Type
9.1 Overview
9.2 Europe Active Grille Shutter Market Breakdown, By Vehicle Type
9.3 Passenger Vehicles
9.3.1 Overview
9.3.2 Passenger Vehicles Market Revenue and Forecast to 2028 (US$ Million)
9.4 LCV
9.4.1 Overview
9.4.2 LCV Market Revenue and Forecast to 2028 (US$ Million)
9.5 HCV
9.5.1 Overview
9.5.2 HCV Market Revenue and Forecast to 2028 (US$ Million)
10. Europe Active Grille Shutter Market - Country Analysis
10.1 Overview
10.1.1 Europe Active Grille Shutter Market Breakdown, by Country
10.1.1.1 Germany Active Grille Shutter Market, Revenue and Forecast to 2028
10.1.1.1.1 Germany Active Grille Shutter Market Breakdown, By Propulsion Type
10.1.1.1.2 Germany Active Grille Shutter Market Breakdown, By Vane Type
10.1.1.1.3 Germany Active Grille Shutter Market Breakdown, By Vehicle Type
10.1.1.2 France Active Grille Shutter Market, Revenue and Forecast to 2028
10.1.1.2.1 France Active Grille Shutter Market Breakdown, By Propulsion Type
10.1.1.2.2 France Active Grille Shutter Market Breakdown, By Vane Type
10.1.1.2.3 France Active Grille Shutter Market Breakdown, By Vehicle Type
10.1.1.3 Italy Active Grille Shutter Market, Revenue and Forecast to 2028
10.1.1.3.1 Italy Active Grille Shutter Market Breakdown, By Propulsion Type
10.1.1.3.2 Italy Active Grille Shutter Market Breakdown, By Vane Type
10.1.1.3.3 Italy Active Grille Shutter Market Breakdown, By Vehicle Type
10.1.1.4 UK Active Grille Shutter Market, Revenue and Forecast to 2028
10.1.1.4.1 UK Active Grille Shutter Market Breakdown, By Propulsion Type
10.1.1.4.2 UK Active Grille Shutter Market Breakdown, By Vane Type
10.1.1.4.3 UK Active Grille Shutter Market Breakdown, By Vehicle Type
10.1.1.5 Russia Active Grille Shutter Market, Revenue and Forecast to 2028
10.1.1.5.1 Russia Active Grille Shutter Market Breakdown, By Propulsion Type
10.1.1.5.2 Russia Active Grille Shutter Market Breakdown, By Vane Type
10.1.1.5.3 Russia Active Grille Shutter Market Breakdown, By Vehicle Type
10.1.1.6 Rest of Europe Active Grille Shutter Market, Revenue and Forecast to 2028
10.1.1.6.1 Rest of Europe Active Grille Shutter Market Breakdown, By Propulsion Type
10.1.1.6.2 Rest of Europe Active Grille Shutter Market Breakdown, By Vane Type
10.1.1.6.3 Rest of Europe Active Grille Shutter Market Breakdown, By Vehicle Type
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 Merger and Acquisition
11.4 New Product Development
12. Company Profiles
12.1 Valeo SA
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 HBPO GmbH
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Magna International Inc.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Röchling SE & Co. KG
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 SRG Global Inc.
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 SHAPE CORPORATION
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Standard Motor Products Inc.
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 TECHNIPLAS US LLC
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 WIRTHWEIN AG
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
13. Appendix
13.1 About the Publisher
13.2 Word Index
List of Tables
Table 1. Europe Active Grille Shutter Market - Revenue and Forecast to 2028 (US$ Million)
Table 2. Europe Active Grille Shutter Market, Revenue and Forecast to 2028 - By Country (US$ Million)
Table 3. Germany Active Grille Shutter Market, Revenue and Forecast to 2028 - By Propulsion Type (US$ Million)
Table 4. Germany Active Grille Shutter Market, Revenue and Forecast to 2028 - By Vane Type (US$ Million)
Table 5. Germany Active Grille Shutter Market, Revenue and Forecast to 2028 - By Vehicle Type (US$ Million)
Table 6. France Active Grille Shutter Market, Revenue and Forecast to 2028 - By Propulsion Type (US$ Million)
Table 7. France Active Grille Shutter Market, Revenue and Forecast to 2028 - By Vane Type (US$ Million)
Table 8. France Active Grille Shutter Market, Revenue and Forecast to 2028 - By Vehicle Type (US$ Million)
Table 9. Italy Active Grille Shutter Market, Revenue and Forecast to 2028 - By Propulsion Type (US$ Million)
Table 10. Italy Active Grille Shutter Market, Revenue and Forecast to 2028 - By Vane Type (US$ Million)
Table 11. Italy Active Grille Shutter Market, Revenue and Forecast to 2028 - By Vehicle Type (US$ Million)
Table 12. UK Active Grille Shutter Market, Revenue and Forecast to 2028 - By Propulsion Type (US$ Million)
Table 13. UK Active Grille Shutter Market, Revenue and Forecast to 2028 - By Vane Type (US$ Million)
Table 14. UK Active Grille Shutter Market, Revenue and Forecast to 2028 - By Vehicle Type (US$ Million)
Table 15. Russia Active Grille Shutter Market, Revenue and Forecast to 2028 - By Propulsion Type (US$ Million)
Table 16. Russia Active Grille Shutter Market, Revenue and Forecast to 2028 - By Vane Type (US$ Million)
Table 17. Russia Active Grille Shutter Market, Revenue and Forecast to 2028 - By Vehicle Type (US$ Million)
Table 18. Rest of Europe Active Grille Shutter Market, Revenue and Forecast to 2028 - By Propulsion Type (US$ Million)
Table 19. Rest of Europe Active Grille Shutter Market, Revenue and Forecast to 2028 - By Vane Type (US$ Million)
Table 20. Rest of Europe Active Grille Shutter Market, Revenue and Forecast to 2028 - By Vehicle Type (US$ Million)
Table 21. List of Abbreviation
List of Figures
Figure 1. Europe Active Grille Shutter Market Segmentation
Figure 2. Europe Active Grille Shutter Market Segmentation - By Country
Figure 3. Europe Active Grille Shutter Market Overview
Figure 4. ICE Segment held the Largest Share of Active Grille Shutter Market
Figure 5. Germany to Show Great Traction During Forecast Period
Figure 6. Europe: PEST Analysis
Figure 7. Expert Opinion
Figure 8. Tier 1 Customer List
Figure 9. Europe Active Grille Shutter Market Impact Analysis of Drivers and Restraints
Figure 1. Europe Active Grille Shutter Market - Revenue and Forecast to 2028 (US$ Million)
Figure 1. Europe Active Grille Shutter Market Breakdown, By Propulsion Type, 2021 & 2028 (%)
Figure 1. ICE: Active Grille Shutter Market- Revenue and Forecast to 2028 (US$ Million)
Figure 1. Electric: Active Grille Shutter Market- Revenue and Forecast to 2028 (US$ Million)
Figure 1. Europe Active Grille Shutter Market Breakdown, By Vane Type, 2021 & 2028 (%)
Figure 1. Horizontal: Active Grille Shutter Market- Revenue and Forecast to 2028 (US$ Million)
Figure 1. Vertical: Active Grille Shutter Market- Revenue and Forecast to 2028 (US$ Million)
Figure 1. Europe Active Grille Shutter Market Breakdown, By Vehicle Type, 2021 & 2028 (%)
Figure 1. Passenger Vehicles Market Revenue and Forecast to 2028 (US$ Million)
Figure 1. LCV Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. HCV Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. Geographic Overview of Europe Active Grille Shutter Market
Figure 22. Europe Active Grille Shutter Market Breakdown, by Country, 2021 & 2028 (%)
Figure 23. Germany Active Grille Shutter Market, Revenue and Forecast to 2028 (US$ Million)
Figure 24. France Active Grille Shutter Market, Revenue and Forecast to 2028 (US$ Million)
Figure 25. Italy Active Grille Shutter Market, Revenue and Forecast to 2028 (US$ Million)
Figure 26. UK Active Grille Shutter Market, Revenue and Forecast to 2028 (US$ Million)
Figure 27. Russia Active Grille Shutter Market, Revenue and Forecast to 2028 (US$ Million)
Figure 28. Rest of Europe Active Grille Shutter Market, Revenue and Forecast to 2028 (US$ Million)

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Valeo SA
  • HBPO GmbH
  • Magna International Inc.
  • Röchling SE & Co. KG
  • SRG Global Inc.
  • SHAPE CORPORATION
  • TECHNIPLAS US LLC
  • WIRTHWEIN AG
  • Standard Motor Products Inc.