Automotive Active Grille Shutter Systems Market Insights Video
According to Cognitive Market Research, the global Automotive Active Grille Shutter Systems market size is USD 5214.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 8.00% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 2085.6 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 1564.2 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 1199.2 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.0% from 2024 to 2031.
Latin America had a market share for more than 5% of the global revenue with a market size of USD 260.7 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 104.2 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.7% from 2024 to 2031.
The Visible Automotive Active Grille Shutters held the highest Automotive Active Grille Shutter Systems market revenue share in 2024.
