NEW YORK, April 19, 2021 /PRNewswire/ --
The automotive active grille shutter market is expected to grow by 5.23 million units during 2021-2025, according to Technavio. The report offers a detailed analysis of the impact of the COVID-19 pandemic on the automotive active grille shutter market in optimistic, probable, and pessimistic forecast scenarios.
Enterprises will go through the Response, Recovery, and Renew phases.
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The automotive active grille shutter market will witness a negative impact during the forecast period, owing to the widespread growth of the COVID-19 pandemic. As per Technavio's pandemic-focused market research, market growth is likely to increase in 2021 as compared to 2020.
With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery, and renewal phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis towards the next normal.
This post-pandemic business planning research will aid clients to:
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Key Considerations for Market Forecast:
Major Three Automotive Active Grille Shutter Market Participants:
Aisin Seiki Co. Ltd.
Aisin Seiki Co. Ltd. offers a wide lineup of products covering almost every automobile-related field, including Powertrain, Chassis and Vehicle Safety Systems, Body and ICT, and Electronics-related products.
Brose Fahrzeugteile SE and Co. KG
Brose Fahrzeugteile SE and Co. KG offers mechanical, electrical, electronic, and sensor systems such as vehicle comfort, safety, and efficiency.
COMPAGNIE PLASTIC OMNIUM SE
COMPAGNIE PLASTIC OMNIUM SE offers active grille shutters to a vehicle operation, along with the technology being relatively new, which means that an active grille must be factored into the earliest stages of a vehicle design process.
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More Details: https://www.technavio.com/report/automotive-active-grille-shutter-market-industry-analysis
Automotive Active Grille Shutter Market 2021-2025: Segmentation
The automotive active grille shutter market is segmented as below:
The automotive active grille shutter market is driven by the adoption of new or improved emission standards. In addition, the increasing government support to promote EVs is expected to trigger the automotive active grille shutter market toward witnessing a CAGR of almost 7% during the forecast period.
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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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