Europe Active Grille Shutter Market

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 Strategic Insights

Strategic insights for the Europe Active Grille Shutter provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Europe Active Grille Shutter Report Scope

Europe Active Grille Shutter Regional Insights

The geographic scope of the Europe Active Grille Shutter refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

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.