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)]
The active grille shutter market in Middle East & Africa is expected to grow from US$ 33.04 million in 2022 to US$ 39.21 million by 2028. It is estimated to grow at a CAGR of 2.9% from 2022 to 2028.
Broadening demand of AGS for super sport car or premium cars
Automakers are opening new manufacturing sites or moving existing ones in growing automotive markets to meet the growing demand for active grille shutter products that are to be required in sports cars or premium cars. Automakers are concentrating on enhancing the quality of these shutters to produce more effective products for luxury and sports cars. These players are expected to benefit from the high-performing and durable items in terms of revenue collection. For instance, the Type 132 sports SUV from Lotus was unveiled in 2021 with an active grille shutter system. Type 132 sports SUV is 1 of the 3 premium electric vehicles planned to be launched by Lotus. The airflow into the cooling radiators of the vehicle is controlled by AGS, which, when closed, the shutters provide smoother airflow and, ultimately, improve overall efficiency.
Market Overview
The active grille shutter market in the Middle East & Africa is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of MEA. The UAE is one of the advanced countries in the region, and its government focuses on taking advantage of technologically advanced solutions. The active grille shutter market in Middle East is presently seeing moderate growth. Commercialization and industrialization are predicted to accelerate across the region in the coming years, boosting the expansion of automotive industry.
Middle East & Africa Active Grille Shutter Market Revenue and Forecast to 2028 (US$ Million)
Middle East & Africa Active Grille Shutter Market Segmentation
The Middle East & Africa 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 South Africa, Saudi Arabia, the UAE, and Rest of MEA. Saudi Arabia dominated the market share in 2022.
Valeo SA; HBPO GmbH; Magna International Inc.; TECHNIPLAS US LLC; and WIRTHWEIN AG are the leading companies operating in the Middle East & Africa Active Grille Shutter Market in the region.
Middle East & Africa Active Grille Shutter Market Strategic Insights
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Middle East & Africa Active Grille Shutter Market Segmentation Analysis
Middle East & Africa Active Grille Shutter Market Report Highlights
Middle East & Africa Active Grille Shutter Report Scope
Report Attribute
Details
Market size in 2022
US$ 33.04 Million
Market Size by 2028
US$ 39.21 Million
CAGR (2022 - 2028)
2.9%
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
Middle East and Africa
South Africa, Saudi Arabia, UAE, Rest of Middle East and Africa
Market leaders and key company profiles
Valeo SA
HBPO GmbH
Magna International Inc.
TECHNIPLAS US LLC
WIRTHWEIN AG
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Middle East & Africa Active Grille Shutter Market Country and Regional Insights
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Identical Market Reports with other Region/Countries
The List of Companies - Middle East & Africa Active Grille Shutter Market
Valeo SA
HBPO GmbH
Magna International Inc.
TECHNIPLAS US LLC
WIRTHWEIN AG
Frequently Asked Questions
How big is the Middle East & Africa Active Grille Shutter Market?
The Middle East & Africa Active Grille Shutter Market is valued at US$ 33.04 Million in 2022, it is projected to reach US$ 39.21 Million by 2028.
What is the CAGR for Middle East & Africa Active Grille Shutter Market by (2022 - 2028)?
As per our report Middle East & Africa Active Grille Shutter Market, the market size is valued at US$ 33.04 Million in 2022, projecting it to reach US$ 39.21 Million by 2028. This translates to a CAGR of approximately 2.9% during the forecast period.
What segments are covered in this report?
The Middle East & Africa 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 Middle East & Africa 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 Middle East & Africa Active Grille Shutter Market report:
Historic Period : 2020-2021
Base Year : 2022
Forecast Period : 2023-2028
Who are the major players in Middle East & Africa Active Grille Shutter Market?
The Middle East & Africa 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.
TECHNIPLAS US LLC
WIRTHWEIN AG
Who should buy this report?
The Middle East & Africa 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 Middle East & Africa Active Grille Shutter Market value chain can benefit from the information contained in a comprehensive market report.
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