GLOBAL EV ACTIVE GRILLE SHUTTER PLASTICS MARKET

INTRODUCTION

 Active Grille Shutters Plastic (AGSP) make use of cutting-edge technology to boost gas mileage. AGSP, also known as Radiator Shutter Assemblies, control the vehicle's frontal airflow to lessen aerodynamic drag.

To aid in cooling, open shutters allow air to flow through the radiator and into the engine compartment.

Active Grille shutters are made to withstand extremely high airflow (10 percent of driving conditions): When the air conditioning is set to its highest setting, the active grille shutter system opens the radiator air inlet at the front of the vehicle, which contributes to an average improvement of 9% in the aerodynamic drag coefficient.

The Chrysler 200, Ford Focus, Escape, Mustang, Explorer, F150, Fusion, and Lincoln MKZ are examples of notable applications.

They are positioned in front of the radiator of the vehicle. These shutters redirect air around the vehicle rather than through the engine compartment when fully closed.

They lessen the drag of the vehicle. Closed grille shutters help the engine reach its maximum operating temperature more quickly and consume less fuel in cold weather.

Valeo's Active Grill Shutter, which is in the front end of the vehicle, uses a system of controlled shutters to control and adjust air flow to improve the vehicle's aerodynamics and thermal performance. It has been designed with airflow and watertightness in mind.

GLOBAL EV ACTIVE GRILLE SHUTTER PLASTICS MARKETSIZE AND FORECAST

TheGlobal EV Active Grille Shutter plastics marketaccounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.

NEW PRODUCT LAUNCH

The Active Grille Shutters (AGS) product line from Spectra Premium consists of plastic shutters that control the inbound airflow and are situated between the front grille and the condenser.

By assisting the engine in warming up and reducing drag at high speeds, restricting airflow results in improved fuel economy.

For a few years, cars like the Dodge Dart and light trucks like the Ram 1500 and Ford F150 have utilized this recent technological advancement.

Spectra Premium introduces 15 Active Grille Shutter (AGS) part numbers for close to 12 million currently operating vehicles as part of its second-quarter product release, which includes 105 new products.

Automakers are incorporating active grille shutters into their vehicles to improve fuel economy by reducing drag and managing airflow through the radiator.

With the help of this technology, the grille shutters are automatically opened and closed to control the amount of air entering the engine compartment and enhance the car's aerodynamics.

The demand for active grille shutters will grow in revenue as a result of rising petrol prices and consumer preference for more fuel-efficient vehicles.

Government regulations mandating cars to emit less CO2 are also boosting consumer income. Active grille shutters help reduce pollutants by improving fuel efficiency, which is essential for adhering to the rigorous emission requirements.

Since active grille shutters are lightweight and easy to install, vehicle makers are placing more emphasis on lightweight parts to comply with fuel efficiency rules. The adoption of electric cars is going to be a major factor in the market for active grille shutters' revenue growth.

The range and battery life of electric vehicles must be increased, and efficient temperature management solutions are needed. In order to improve the performance and range of electric vehicles, active grille shutters can regulate airflow and reduce the cooling requirement for the battery.

The industry's rise in revenue is also being fueled by technological advancements in active grille shutter systems, such as the incorporation of sensors and intelligent control units.

Depending on the weather, the speed of the car, and the engine load, these systems can adjust the grille shutters to improve airflow and boost fuel efficiency.

The market's potential for revenue development, however, may be constrained by the high cost of these shutters relative to conventional shutters. The increased cost of the device prevents active grille shutters from being widely used, especially in developing nations.

The system's high maintenance costs are still another issue that might limit market revenue development to some extent. Active grille shutters are one type of shutter that controls airflow in the engine compartment of a car.

According to the requirements of the engine, they can be opened or closed and are normally installed in the front of the vehicle.

Active grille shutters are common in the passenger car industry because of the increasing need for fuel-efficient vehicles. The shutters aid in the vehicle's improved aerodynamics, which reduces drag and improves fuel efficiency.

Active grille shutters are said to be a piece of technology that could improve the whole driving experience. A strong need for innovations that enhance the driving experience is another trait shared by the passenger car category.

The development of this market can be attributed to the increased demand for large commercial vehicles in developing countries, particularly for the transportation of goods. Active grille shutters can help fleet owners of heavy commercial vehicles with their fuel saving goals.

Adding active grille shutters to commercial heavy-duty trucks also helps to decrease their harmful environmental consequences.

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

1. How many EV Active Grille Shutter plastics are manufactured per annum globally? Who are the sub-component suppliers in different regions?
2. Cost breakup of a Global EV Active Grille Shutter plastics and key vendor selection criteria
3. Where is the EV Active Grille Shutter plastics manufactured? What is the average margin per unit?
4. Market share of Global EV Active Grille Shutter plastics market manufacturers and their upcoming products
5. Cost advantage for OEMs who manufacture Global EV Active Grille Shutter plastics in-house
6. key predictions for next 5 years in Global EV Active Grille Shutter plastics market
7. Average B-2-B EV Active Grille Shutter plastics market price in all segments
8. Latest trends in EV Active Grille Shutter plastics market, by every market segment
9. The market size (both volume and value) of the EV Active Grille Shutter plastics market in 2023-2030 and every year in between?
10. Production breakup of EV Active Grille Shutter plastics market, by suppliers and their OEM relationship