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(I-AutoNewsWire.com, September 09, 2019 ) Market Overview • Automotive active grille shutters are grille systems used in automobiles to allow and reduce airflow selectively. The automatic mechanism of the active grille shutters helps the vanes open and close depending on the real-time conditions of the vehicle. • This contributes to reducing the overall drag of the car thereby lowering the carbon emissions and improving the fuel economy of the car.
Market Dynamics • Rising global automotive sales, need for fuel-efficient cars, regulations on carbon emissions of vehicles, growing sales of electric vehicles and customers preferring high-performance cars are the major factors responsible for the growth of the global automotive active grille shutter systems market. • Rising global automotive sales is a primary driver attributing to the growing demand for automotive active grille shutter products. According to the Association of Motor Vehicles Manufacturers (OICA), 96.8 million vehicles were sold globally in 2017 compared to 93.9 million and 89.7 million in 2016 and 2015 witnessing a growth rate of 3.08% in 2017 and 4.6% in 2016 respectively. • The increasing growth sales of the global automotive industry is anticipated to dominate the global automotive active grille shutter systems market.
Market Segmentation • The Global Automotive Active Grille Shutter Systems (AGS) Market has been segmented by type of the product, vehicle type, and geography. • Based on the vehicle type, the market is segmented as passenger vehicles and commercial vehicles. The passenger vehicles segment is the dominant segment of the global automotive active grille shutter systems market owing to the increasing demand for passenger vehicles globally and consumers preferring fuel-efficient cars. • Owing to the increasing global consumption of oil and natural gas, consumers are shifting their buying patterns towards purchasing fuel-efficient vehicles. • The global oil production as per the Global energy statistical yearbook in 2005 was about 88721 thousand barrels per day and reached 92649 thousand barrels in 2017 with a 0.7% annual growth rate. Rising oil prices coupled with emission norms are the major factors responsible for the passenger vehicles segment to dominate the global automotive active grille shutter systems market. Geographical Analysis • The Global Automotive Active Grille Shutter Systems (AGS) Market has been segmented into the following regions as North America, South America, Asia Pacific, Europe and Rest of the World (ROW). • The European region is the dominant segment of the global automotive active grille shutter (AGS) market owing to the rising sales of European automotive sales, the presence of major players in the European region and Stringent European emission norms are the major factors responsible for driving the European automotive active grille shutter (AGS) systems market. According to the Euro 5b tier, which was approved on September 2011 by the European emission standards, the permissible levels of NOx emissions for diesel vehicles were 0.180 g/kg, and particulate matter was 0.005 g/kg. • Due to increasing levels of environmental pollution, it has recently launched the Euro 6d mandated which will be approved in January 2020. According to the Euro 6d emission mandates, the allowable limit for NOx emissions are 0.080g/kg and particulate matter emissions are 0.0045 g/kg. Competitive Trends • Some of the major players in this market incorporate competitive strategies like mergers and acquisitions to retain their market competitiveness. For instance, in November 2018, Rochling Group acquired Scharwtz GmbH Technical plastics advancing its growth strategy with new technologies. • New product launches and expansion of facilities are some other vital strategies adopted by most of the companies to contribute to the growth of the company and improve their market growth rate. • For instance, in April 2018, Magna International opened a new 189,000 body and Chassis plant in Mexico which will produce chassis structures for Mercedes and BMW.
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