Nov 26, 2018 SOURCE: BusinessWire

Global Automotive Active Grille Shutter (AGS) Market by Vehicle Type, Shutter Vanes Type, Shutter Type and Region (2018-2023): Trends, Forecasts, Competitive Analysis and Growth Opportunities - ResearchAndMarkets.com

The "Global Automotive Active Grille Shutter (AGS) Market by Vehicle Type, Shutter Vanes Type, Shutter Type and Region (2018-2023): Trends, Forecasts, Competitive Analysis and Growth Opportunities" report has been added to ResearchAndMarkets.com's offering.

The automotive active grille shutter market is likely to grow at an impressive double-digit rate over the next five years to reach US$ 1078.7 million in 2023.

The biggest factor driving the market for AGS is an incessant increase in its penetration in the automotive industry year on year as all the major automakers are incorporating this technology in their major vehicle models.

One side, major automakers are working closely with the AGS suppliers in order to make their vehicle more fuel efficient, whereas another side, AGS suppliers are working hard to quickly meet automakers' rising demand for a well-engineered, high-quality AGS system that helps to address fuel economy standards.

AGS has a disruptive journey so far in the automotive industry and has evolved a lot with changing market needs and designs. However, to maintain the growth momentum, AGS must to adapt itself as per the new business environments including a greater incorporation of ADAS (Advanced Driver-Assistance Systems) electronics, such as auto-braking and auto cruise control; the development of new diesel and electric engines; and introduction of more stringent regulations regarding pedestrian protection and carbon emission reductions.

Development of innovative AGS solutions is an indispensable focus area of the AGS suppliers based on the requirements of auto OEMs. The market for AGS is marked by major global automotive tier players including Rochling Automotive, Magna International Inc, and Valeo SA. Also, it is expected that the excellent growth of active grill shutters may entice other players to enter the market to tap the growth potential.

The global automotive active grille shutter market is segmented based on the vehicle type as Passenger Car, LCV (Light Commercial Vehicle) and M&HCV (Medium- and Heavy-Duty Commercial Vehicle). A passenger car is expected to remain the growth engine of the global automotive active grille shutter market during the forecast period of 2018 to 2023. Increasing production of passenger cars coupled with increasing penetration of AGS in passenger car models is likely to elevate the demand for AGS in the passenger car segment.

Based on the shutter vanes type, the automotive active grille shutter market is segmented as Horizontal Vanes and Vertical Vanes. Horizontal vane-based active grille shutter is expected to remain most dominant type in the global automotive active grille shutter market during the forecast period. Both horizontal, as well as vertical vane segments, are likely to witness healthy growth rates over the next five years.

The supply chain of this market comprises raw material suppliers, actuator suppliers, automotive active grille shutter manufacturers, automotive OEMs, and dealers, and end-users. the key raw material suppliers for automotive active grille shutter are Lanxess AG, Celanese Corporation, and BASF SE, whereas some of the major active grille shutter actuator suppliers are Hella KGaA Hueck & Co, Sonceboz SA, Johnson Electric, and Brose Fahrzeugteile GmbH & Co. KG.

The key automotive active grille shutter manufacturers are Rochling Automotive, Magna International Inc., Valeo SA, SRG Global, HBPO, and Shape Corporation. The development of integrated active grille shutters and forming strategic alliances with the automakers are the key strategies adopted by the major players to gain a competitive edge in the market.

Key Topics Covered

1. Executive Summary

2. Automotive Active Grille Shutter Market Overview and Market Forces

3. Automotive Active Grille Shutter Market Analysis - By Vehicle Type

3.1. Strategic Insights

3.2. Global Passenger Car AGS Market Trend and Forecast (US$ Million and Units)

3.3. Global LCV AGS Market Trend and Forecast (US$ Million and Units)

3.4. Global M&HCV AGS Market Trend and Forecast (US$ Million and Units)

4. Automotive Active Grille Shutter Market Analysis - By Shutter Vanes Type

4.1. Strategic Insights

4.2. Global Automotive Horizontal AGS Market Trend and Forecast (US$ Million and Units)

4.3. Global Automotive Vertical AGS Market Trend and Forecast (US$ Million and Units)