New York, May 31, 2023 (GLOBE NEWSWIRE) — The Automotive Active Grille Blind Market generated revenue of US$ 4.45 billion by 2022. The global automotive active grill blinds market is expected to reach 10.01 billion dollars in 2033, growing to 7.6% CAGR from 2023 to 2033. The market is driven by growing demand for fuel-efficient vehicles, increasing government regulations on fuel economy, and growing popularity of SUVs and crossovers.
The global automotive industry has evolved rapidly in recent years, driven by growing demand for fuel-efficient vehicles and growing environmental concerns. Automakers are actively seeking innovative solutions to improve vehicle aerodynamics and improve fuel efficiency.
One such technology that has gained significant attention is the automotive active grille shutter. This research report aims to provide a comprehensive analysis of the global Automotive Active Grille Blind market including market trends, growth factors, challenges and competitive landscape.
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Key Controllers
- Increased demand for fuel-efficient vehicles
The growing demand for fuel-efficient vehicles is one of the major drivers of the automotive active grille shutter market. Active grille shutters help improve fuel efficiency by reducing drag. This is achieved by closing the shutters when the engine does not need additional cooling, such as when the vehicle is traveling at a constant speed.
- Increased government regulations on fuel economy
Governments around the world are imposing stricter regulations on fuel economy. This forces car manufacturers to develop new technologies to improve the fuel efficiency of their vehicles. Active grille shutters are one of the technologies used by car manufacturers to comply with these regulations.
- Growing popularity of SUVs and crossovers
SUVs and crossovers are becoming more and more popular. These vehicles are usually larger and heavier than cars, making them less fuel efficient. Active grille shutters can help improve the fuel efficiency of SUVs and crossovers by reducing drag.
restrictions
- High cost of active grid blinds
Active grid blinds are a relatively new technology and are still relatively expensive. This high cost can be a barrier to adoption, especially in developing countries.
- Complexity of the installation
Active louvered blinds can be complex to install. This can also be a barrier to adoption, especially in mass-market vehicles.
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Competitive landscape
The important key players for Automotive Active Grille Shutter are Magna International Inc., Shape Corporation, SRG Global Inc. (Guardian Industries), Techniplas LLC, HBPI GmbH, Rochling Automotive, Valeo SA, Mirror Controls International, Sonceboz SA, Batz Group, Aisin Corporation, Yamaguichi Starlite Co., Ltd., Keboda Chongquing Automotive, Electronics Co., Ltd, Johnson Electric and much more
Recent developments
Here are some recent developments by companies in the Automotive Active Grille Blind market:
- Bosch announced in 2022 which is developing a new active grid blind system that is more efficient and easier to install than previous systems. The new system uses electromechanical actuators instead of pneumatic actuators, making it more efficient and easier to control.
- Denso announced in 2022 which is developing a new active grille shutter system designed specifically for electric vehicles. The new system uses a unique design that allows it to improve the aerodynamics of the vehicle even when the engine is not running.
- Magna International was announced in 2022 which is expanding its production capacity of active grid blinds. The company is investing $10 million in a new production line in China. The new line will be able to produce 1 million active grid blinds per year.
- Valeo announced in 2022 which is developing a new active grid blind system that integrates with the vehicle’s climate control system. The new system will automatically open and close the blinds based on the vehicle’s temperature and airflow needs.
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Segmentation
The global automotive active grille shutter market is segmented by vehicle type, technology, and region.
- By type of vehicle, the market is segmented into passenger cars, light commercial vehicles and heavy commercial vehicles. Passenger cars are the largest segment of the market, followed by light commercial vehicles and heavy commercial vehicles.
- By technology, the market is segmented into pneumatic active louvre shutters and electromechanical active louvre shutters. Pneumatic active louvre blinds are the most common type of active louvre blinds. Electromechanical active grid blinds are a newer technology that is becoming more and more popular.
- By region, the market is segmented into North America, Europe, Asia Pacific and Rest of the World. North America is the largest market for automotive active grille shutters, followed by Europe and Asia Pacific.
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