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Global Active Grille Shutter Market (AGS) was valued US$3.59 Bn in 2017 and is expected to reach US$4.54 Bn by 2026, at a CAGR of 2.98% during a forecast period.
Active grill shutters open and close automatically to control the flow of air, it opens at the time when engine requires additional air flow otherwise it remains closed. It reduces the aerodynamic drag; owing to this, the engine can quickly reach its optimum operating temperature. The rise in demand for fuel-efficiency among consumers and stringent emission norms enacted by regulatory bodies in order to reduce emission impact on the
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environment is likely to drive the active grill shutters market for automotive during the forecast period. Moreover, high cost and less penetration of active grill shutters in developing regions are anticipated to hamper the active grill shutters market during the forecast period.
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