How Active Grille Shutter Market Players have Encountered Temporary Covid-19 Tailwinds; Worth Watching New Growth Cycle

Active Grille Shutter Market Latest Edition Published with Forecast to 2028


According to the report, Increased Demand for AGS in Electric and Hybrid Vehicles is one of the primary growth factors for the market. Rise in Demand for Vehicles with Higher Fuel-Efficiency and Emphasis of Automakers on Achieving Aerodynamic Vehicle Body to Reduce Air Drag is also expected to contribute significantly to the Active Grille Shutter market. Overall, Passenger Car applications of Active Grille Shutter, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Sales Channel, such as OEMs, is boosting the Active Grille Shutter market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Shutter Vanes Type, such as Horizontal AGS, is boosting the Active Grille Shutter market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

New technologies and major shifts in the industry will be game-changing factors that all players have to react now in order to maintain strong positions in the future. As many industry experts agree that significant changes are ahead. AMA’s Analyst on the Global Active Grille Shutter market identified that the demand is rising in many different parts of the world as "Stringent Government Regulations to create Opportunities for AGS Market ". Furthermore, some recent industry insights like "In December 2021 Continental AG had announced the launch of new line of active grill shutters for direct replacement on Chrysler and Ford. Continental launched the Active Grill Shutters series to suit the growing demand for low-cost replacement parts for complex car systems like engine cooling. These shutters operate in the same way as the OEM part and ensure that the cars operate at the optimum temperatures, resulting in increased fuel efficiency. Continental plans to increase the number of part numbers covered by its Active Grill Shutters to over 100 by 2022." which is constantly making the industry very dynamic.

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Active Grille Shutter market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2022 currency rates.

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Active Grille Shutter market and other related sub-markets covered in the study.

o Key & emerging players in the market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation
The overall Active Grille Shutter market size is calculated using market estimation process, the Active Grille Shutter market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Active Grille Shutter market size has been validated using both top-down and bottom-up approaches.

Craig Francis

PR & Marketing Manager