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$3.6 Billion Worldwide Automotive Active Grille Shutter Industry to 2027 - Impact of COVID-19 on the Market

·3 min read

DUBLIN, Nov. 6, 2020 /PRNewswire/ -- The "Automotive Active Grille Shutter - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

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The publisher brings years of research experience to the 5th edition of this report. The 278-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Global Automotive Active Grille Shutter Market to Reach US$4.2 Billion by the Year 2027

Amid the COVID-19 crisis, the global market for Automotive Active Grille Shutter estimated at US$3.6 Billion in the year 2020, is projected to reach a revised size of US$4.2 Billion by 2027, growing at a CAGR of 2.2% over the period 2020-2027.

Horizontal AGS, one of the segments analyzed in the report, is projected to grow at a 2.6% CAGR to reach US$2.5 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Vertical AGS segment is readjusted to a revised 1.6% CAGR for the next 7-year period. This segment currently accounts for a 41.8% share of the global Automotive Active Grille Shutter market.

The U.S. Accounts for Over 29% of Global Market Size in 2020, While China is Forecast to Grow at a 3.6% CAGR for the Period of 2020-2027

The Automotive Active Grille Shutter market in the U.S. is estimated at US$1 Billion in the year 2020. The country currently accounts for a 28.96% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$667.2 Million in the year 2027 trailing a CAGR of 3.6% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.5% and 1.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.8% CAGR while Rest of European market (as defined in the study) will reach US$667.2 Million by the year 2027.

Competitors identified in this market include, among others:

  • Brose Fahrzeugteile GmbH & Co. KG

  • Johnson Electric Holdings Ltd.

  • Magna International, Inc.

  • Mirror Controls international (MCI)

  • Rochling SE & Co. KG

  • Sonceboz SA

  • SRG Global

  • Valeo SA

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Impact of Covid-19 and a Looming Global Recession

  • Global Competitor Market Shares

  • Automotive Active Grille Shutter Competitor Market Share Scenario Worldwide (in %): 2018E

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

  • Total Companies Profiled: 44

For more information about this report visit https://www.researchandmarkets.com/r/w92nl

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

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Research and Markets
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