Europe Active Grille Shutter Market Forecast to 2028 - COVID-19 Impact and Regional 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)]

BMIRE00026920 | Pages: 120 | Automotive and Transportation | Oct 2022 | Type: Regional | Status: Published

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.

Raising demand for lightweight AGS in energy efficient vehicles

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 Revenue and Forecast to 2028 (US$ Million)

 

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

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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.   

1.           Introduction

1.1         Study Scope

1.2         The Insight Partners 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 Insight Partners

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 10.        Europe Active Grille Shutter Market – Revenue and Forecast to 2028 (US$ Million)

Figure 11.        Europe Active Grille Shutter Market Breakdown, By Propulsion Type, 2021 & 2028 (%)

Figure 12.        ICE: Active Grille Shutter Market- Revenue and Forecast to 2028 (US$ Million)

Figure 13.        Electric: Active Grille Shutter Market- Revenue and Forecast to 2028 (US$ Million)

Figure 14.        Europe Active Grille Shutter Market Breakdown, By Vane Type, 2021 & 2028 (%)

Figure 15.        Horizontal: Active Grille Shutter Market- Revenue and Forecast to 2028 (US$ Million)

Figure 16.        Vertical: Active Grille Shutter Market- Revenue and Forecast to 2028 (US$ Million)

Figure 17.        Europe Active Grille Shutter Market Breakdown, By Vehicle Type, 2021 & 2028 (%)

Figure 18.        Passenger Vehicles Market Revenue and Forecast to 2028 (US$ Million)

Figure 19.        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)

  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. Standard Motor Products Inc.         
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe active grille shutter market.
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the Europe active grille shutter market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the active grille shutter market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution  
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