Asia Pacific Active Grille Shutter Market

Historic Data: 2020-2021   |   Base Year: 2022   |   Forecast Period: 2023-2028

Analysis By Propulsion Type [ICE (Internal Combustion Engine) and Electric], Vane Type (Horizontal and Vertical), Vehicle Type [Passenger Vehicles, LCV (Light Commercial Vehicles) and HCV (Heavy Commercial Vehicles)]


No. of Pages: 114    |    Report Code: BMIRE00026919    |    Category: Automotive and Transportation

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Asia Pacific Active Grille Shutter Market

The Active Grille Shutter Market in Asia Pacific is expected to grow from US$ 500.03 million in 2022 to US$ 683.60 million by 2028. It is estimated to grow at a CAGR of 5.3% from 2022 to 2028.

Widening adoption of EV and hybrid EV

In 2020, more than 10 million electric cars were on the roads on the level. Most new EV registrations were for battery electric vehicles (BEV). Several factors contributed to the increase in electric car registrations in 2020. Major factors contributed to the reduction in carbon emissions and the longer range of the vehicle compared to ICE vehicles. Along with this, governments increased subsidy schemes and launched initiatives for EVs as part of stimulus packages to counter the effects of the pandemic. An increase in the adoption of EVs and Hybrid EVs will directly impact the sales of active grille shutters to be used in these vehicles over the next few years. Another aspect of the increasing demand for AGS in electric vehicles is the decreased need for cooling. Even though electric cars are less likely to need cooling compared to ICE vehicles, electric cars also need to cool their batteries and motors. The front-end module needs to be integrated with active grille shutters as it represents the source of air drag, which can significantly improve the performance of EVs.

Market Overview

Presence of emerging economies and rise in adoption of advanced and sophisticated technologies contribute to the growth of APAC. Australia, China, Japan, and India are among the major contributors to the development of the active grille shutter market. Rapid developments in technologies, digitalization of economies, and adequate support by government are contributing to implement technologically advanced solutions across numerous sectors, including automotive, in the region and helping in the smooth evolution of the economies from the developing stage to the developed stage.

Asia Pacific Active Grille Shutter Market Revenue and Forecast to 2028 (US$ Million)

Asia Pacific Active Grille Shutter Market Revenue and Forecast to 2028 (US$ Million)
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Asia Pacific Active Grille Shutter Strategic Insights

Strategic insights for the Asia Pacific Active Grille Shutter provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

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Asia Pacific Active Grille Shutter Report Scope

Report Attribute Details
Market size in 2022 US$ 500.03 Million
Market Size by 2028 US$ 683.60 Million
Global CAGR (2022 - 2028) 5.3%
Historical Data 2020-2021
Forecast period 2023-2028
Segments Covered By Propulsion Type
  • ICE
  • Electric
By Vane Type
  • Horizontal
  • Vertical
By Vehicle Type
  • Passenger Vehicles
  • LCV
  • HCV
Regions and Countries Covered Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
Market leaders and key company profiles
  • Valeo SA
  • HBPO GmbH
  • Magna International Inc.
  • Röchling SE & Co. KG
  • SRG Global Inc.
  • SHAPE CORPORATION
  • TECHNIPLAS US LLC
  • WIRTHWEIN AG
  • STARLITE CO., LTD.
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    Asia Pacific Active Grille Shutter Regional Insights

    The geographic scope of the Asia Pacific Active Grille Shutter refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

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    Asia Pacific Active Grille Shutter Market Segmentation 

    The Asia Pacific 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 China, India, Japan, South Korea, and Rest of APAC. China 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; WIRTHWEIN AG; and STARLITE CO., LTD. are the leading companies operating in the Asia Pacific Active Grille Shutter Market in the region.   

    The List of Companies - Asia Pacific Active Grille Shutter Market

    1. Valeo SA
    2. HBPO GmbH
    3. Magna International Inc.
    4. Röchling SE & Co. KG                        
    5. SRG Global Inc.                                  
    6. SHAPE CORPORATION                      
    7. TECHNIPLAS US LLC
    8. WIRTHWEIN AG
    9. STARLITE CO., LTD.                           
    Frequently Asked Questions
    How big is the Asia Pacific Active Grille Shutter Market?

    The Asia Pacific Active Grille Shutter Market is valued at US$ 500.03 Million in 2022, it is projected to reach US$ 683.60 Million by 2028.

    What is the CAGR for Asia Pacific Active Grille Shutter Market by (2022 - 2028)?

    As per our report Asia Pacific Active Grille Shutter Market, the market size is valued at US$ 500.03 Million in 2022, projecting it to reach US$ 683.60 Million by 2028. This translates to a CAGR of approximately 5.3% during the forecast period.

    What segments are covered in this report?

    The Asia Pacific Active Grille Shutter Market report typically cover these key segments-

  • Propulsion Type (ICE, Electric)
  • Vane Type (Horizontal, Vertical)
  • Vehicle Type (Passenger Vehicles, LCV, HCV)
  • What is the historic period, base year, and forecast period taken for Asia Pacific Active Grille Shutter Market?

    The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Active Grille Shutter Market report:

  • Historic Period : 2020-2021
  • Base Year : 2022
  • Forecast Period : 2023-2028
  • Who are the major players in Asia Pacific Active Grille Shutter Market?

    The Asia Pacific Active Grille Shutter Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:

  • Valeo SA
  • HBPO GmbH
  • Magna International Inc.
  • Röchling SE & Co. KG
  • SRG Global Inc.
  • SHAPE CORPORATION
  • TECHNIPLAS US LLC
  • WIRTHWEIN AG
  • STARLITE CO., LTD.
  • Who should buy this report?

    The Asia Pacific Active Grille Shutter Market report is valuable for diverse stakeholders, including:

    • Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
    • Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
    • Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
    • Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
    • Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.

    Essentially, anyone involved in or considering involvement in the Asia Pacific Active Grille Shutter Market value chain can benefit from the information contained in a comprehensive market report.