Global Automotive Grille Market Overview:
Automotive grille covers an opening in the body of a vehicle to allow air to enter or exit. It is located at the front of the vehicle, mostly between the headlights. It is an essential part of car’s exterior design. The automotive grille market is facing remarkable demand for different type of vehicles. The active grille manufacturers are mainly focused on manufacturing materials that should be lightweight to overcome the car’s weight. The automotive grille shutters are expected to be in high demand due to thermoacoustic engine encapsulation to increase engine efficiency and safety. The demand for automobile active grille shutters has been gradually increasing over the past few years.
As per latest study released by AMA Research, the Global Automotive Grille market is expected to see growth rate of 4.3% and may see market size of USD16242.0 Million by 2028.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
In Automotive Grille Market the Major Player Produce a Lightweight Grille to Reduce the Vehicle Weight
Market Growth Drivers:
Increasing Demand of Modern Automotive Grille and The Most Common form of Active Grille is Non-Visible Shutter Type, it Represents More Than Three Fourth of The Market
Challenges:
The Availability of Inferior Solutions is the Largest Challenge for the Automobile Grille Market
Restraints:
Availability of Vehicles Without Grilles May Hamper the Growth of The Market
Opportunities:
The Automotive Grilles Widely Use in Sport Vehicles Presents a Significant Opportunity for the Market
Competitive Landscape:
The companies are exploring the market by adopting mergers & acquisitions, partnership, investments as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. The market also observed strong collaborations between automakers and original equipment manufacturer, with a strong innovation.
Some of the key players profiled in the report are Torque Automotive Private Limited (India), Magna International Inc (Canada), Plastic Omnium (France), Brose Fahrzeugteile Gmbh & Co. KG (Germany), Toyoda Goesie Pvt Ltd. (Japan), Rehau (Switzerland), Tata Autocomp System Pvt Ltd. (India), Gridstar (Turkey), Tang young group (South Korea), ARC group worldwide (United State), Eagle Industry Co. Ltd (Japan), Grupo Antolin (Spain) and Samvardhana Motherson Group (India). Analyst at AMA Research see Asia Pacific Vendors to retain maximum share of Global Automotive Grille market by 2028. Considering Market by Product Type, the sub-segment i.e. Mesh will boost the Automotive Grille market. Considering Market by Vehicle Type, the sub-segment i.e. Passenger Car (Compact, Mid-Size, SUV, Luxury) will boost the Automotive Grille market. Considering Market by Shutter Type, the sub-segment i.e. Visible will boost the Automotive Grille market. Considering Market by Material Type, the sub-segment i.e. Aluminum will boost the Automotive Grille market. Considering Market by Vane Type, the sub-segment i.e. Horizontal will boost the Automotive Grille market. Considering Market by Sales Channel Type, the sub-segment i.e. OEMs will boost the Automotive Grille market.
Latest Market Insights:
In April 2023, Skoda announced that company is developing unique technology which displays to pedestrains, via the car’s grille, when it's safe to cross the road. The system replaces the Enyaq iV’s backlit Crystal Face grille with a new body featuring grille.
On October 2023, Toyoda Gosei Co. Ltd. Has launched a new front grille produced using newly developed hot-stamping technology. This grille is used on the new model LEXUS LM from Toyota motor. With improvement of the foil that is transferred to the grille, this new technology eliminates the need for the top coat to prevent deterioration from weathering and ultraviolet rays.
What Can be Explored with the Automotive Grille Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Automotive Grille Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Automotive Grille
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Automotive Grille market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Automotive Grille market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Automakers, Automotive part manufacturers, Suppliers, Distributors, New Entrance and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.