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(I-AutoNewsWire.com, December 22, 2018 )
Stratview Research has published a new research report on Automotive Active Grille Shutter (AGS) Market. This extensive 210-page report by Stratview Research analyses the growth of Automotive Active Grille Shutter (AGS) Market over the trend period of 2012 to 2017 and forecast period of 2018 to 2023 under the following segments -
• By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium- & Heavy-Duty Commercial Vehicle)
• By Shutter Vanes Type (Horizontal Vanes, Vertical Vanes)
• By Shutter Type (Visible AGS, Non-Visible AGS)
• By Region (North America, Europe, Asia-Pacific, Rest of the World)
Go through the detailed scope: https://www.stratviewresearch.com/toc/323/Automotive-Active-Grille-Shutter-Market.html
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Get a free sample of the report: https://www.stratviewresearch.com/Request-Sample/323/Automotive-Active-Grille-Shutter-Market.html
Advancement in aerodynamic technologies in automotive industry
Active grille shutter is an advanced mechatronic component, which performs a key function of selectively allowing or restricting airflow with an automatic opening and closing of shutters based on real-time needs. This results in reducing aerodynamic drag to an extent and improving the fuel economy of the vehicle, thereby leading to reduced CO2 emissions. The automotive industry is very keen on adopting technologies, which lead to an improvement in fuel economy and a reduction in harmful emissions.
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 auto industry has efficaciously been ushering in a new era of aerodynamic vehicles with a meticulous investment into advanced components that can address the changing business requirements in the most effective manner. All the major automakers have vigorously been incorporating active components in their most-renowned vehicle models with the purpose to improve the overall fuel efficiency of vehicles in order to address stringent government regulations, such as CAFE Standards and EU Commission on Carbon Emissions Reduction Targets.
Key Players
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.
About Stratview Research
Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making.
Stratview Research
Ritesh Gandecha
+1-313-307-4176
sales@stratviewresearch.com
Source: EmailWire.Com
Source: EmailWire.com
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