According to Cognitive Market Research, The Global Active Grille Shutter market size is USD 1825.2 million in 2023 and will expand at a compound annual growth rate (CAGR) of 4.50% from 2023 to 2030.
North America Active Grille Shutter held the major market of more than 40% of the global revenue with a market size of USD 730.08 million in 2023 and will grow at a compound annual growth rate (CAGR) of 2.7% from 2023 to 2030.
Europe Active Grille Shutter accounted for a share of over 30% of the global market size of USD 547.56 million in 2023.
Asia Pacific Active Grille Shutter held the market of more than 23% of the global revenue with a market size of USD 419.80 million in 2023 and will grow at a compound annual growth rate (CAGR) of 6.5% from 2023 to 2030.
South America Active Grille Shutter market of more than 5% of the global revenue with a market size of USD 91.26 million in 2023 and will grow at a compound annual growth rate (CAGR) of 3.9% from 2023 to 2030.
Middle East and Africa Active Grille Shutter held the major market of more than 2% of the global revenue with a market size of USD 36.50 million in 2023 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2023 to 2030.
The growth of e-commerce and online retail has significantly impacted the Active Grille Shutter market.
The market for Active Grille Shutter continues to be more in demand from passenger cars.
In 2023, the category with the largest revenue share in the Active Grille Shutter market was internet sales.
