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Automotive Radiator Grille Market Report
Automotive Radiator Grille Market Size, Share, Trend, Forecast, & Competitive Analysis: 2018-2023
The global automotive radiator grille market is projected to reach US$ 3,087.2 million in 2023 and offers healthy growth opportunities in the entire ecosystem of the market. Increasing global automobile production, rising demand for fuel-efficient vehicles, higher preference towards excellent aesthetics, increasing demand for lightweight parts, and rising automobile fleet are the major factors that the proliferating the growth of radiator grilles in the automotive industry.
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The global automotive radiator grille market is segmented based on the vehicle type as Passenger Car, LCV (Light Commercial Vehicle) and M&HCV (Medium- & Heavy-Duty Commercial Vehicle). Passenger car is expected to remain the growth engine of the global automotive radiator grille market during the forecast period of 2018 to 2023. Increasing production of passenger cars, especially SUVs and compact cars, coupled with a higher demand for excellent aesthetics is the major driver of the segment.
Based on the design type, the global automotive radiator grille market is segmented as Horizontal Grille, Vertical Grille, and Mesh Grille. Horizontal grille is expected to remain the most dominant design type in the global automotive radiator grille market during the forecast period of 2018 to 2023. Horizontal grille is preferred in most of the vehicle types including passenger cars and light commercial vehicles, driven by its good strength, easy maintenance, and high aesthetic value.
Based on the material type, the automotive radiator grille market is segmented as metal and plastic. Plastic radiator grille is expected to remain the largest segment of the global automotive radiator grille market during the forecast period. It is also expected to witness higher growth during the same period. Stringent government regulations regarding fuel efficiency enhancements and carbon emission reductions are compelling automakers to incorporate lightweight materials into various applications of the vehicle to make the overall vehicle lightweight. Radiator grille is also not untouched with such market dynamic and has been experiencing a shift from metal to plastic materials. Plastic grille not only reduces the system weight but also offers higher performance than metal parts.
Based on the process type, the automotive radiator grille market is segmented as Die Casting, Injection Molding, and Others. The injection molding process is expected to remain the most dominant and fastest-growing process type in the global automotive radiator grille market during the forecast period. Injection molding process is capable of manufacturing small-sized parts with high complexity in shapes. It is extremely suitable for mass-volume auto applications and has a very short part cycle time with very fewer scrapes.
Based on the region, Asia-Pacific is expected to remain the largest automotive radiator grille market during the forecast period. The region is also expected to experience the highest growth during the same period. The higher growth of automotive radiator grille in Asia-Pacific is mainly attributable to the increasing vehicle production in the region. China and India are likely to act as the growth engines of the region’s market during the forecast period.
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Research Scope |
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|---|---|
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Trend & Forecast Period |
2012-2023 |
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Size in 2023 |
US$ 3,087.2 million |
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Regions Covered |
North America, Europe, Asia-Pacific, Rest of the World |
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Countries/Subregions Covered |
The USA, Canada, Mexico, Germany, France, The UK, Italy, Russia, Japan, China, South Korea, India, Brazil, Argentina and Others |
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Figures & Tables |
>150 |
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Customization |
Up to 10% customization available free of cost |
The Automotive Radiator Grille Market is segmented in the following ways:
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The supply chain of this market comprises raw material suppliers, automotive radiator grille manufacturers, distributors, and automotive OEMs.
The key automotive radiator grille manufacturers are-
Development of active grille, regional expansion, and execution of mergers & acquisitions are the key strategies adopted by major key players to gain a competitive edge in the market.
For calculating the market size, our analysts follow either Top-Bottom or Bottom-Top approach or both, depending upon the complexity or availability of the data points. Our reports offer high-quality insights and are the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. We leverage multitude of authenticated secondary sources, such as company annual reports, government sources, trade associations, journals, investor presentation, white papers, and articles to gather the data. More than 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts are usually executed to obtain both qualitative and quantitative insights.
This report, from Stratview Research, studies the global automotive radiator grille market over the trend period of 2012 to 2017 and the forecast period of 2018 to 2023. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
The following are the key features of the report:
Automotive Radiator Grille is a grille that is made to cover up the opening of the vehicle for the air to flow smoothly in and out in order to maintain the right temperature. This grille is situated at the front side of the automotive covering up the internal combustion engine. Automotive Radiator Grille can be designed in different ways but the basic function remains the same and that is of cooling the air.
Driven by a number of factors like Increasing global automobile production, the automotive radiator grille market is projected to reach an estimated value of US$ 3,087.2 million in 2023.
In terms of region, Asia-Pacific is expected to witness the highest growth in the automotive radiator grille market during the forecast period of 2018-23.
Plastic is expected to remain most dominant material in the automotive radiator grille market during the forecast period of 2018-23.
Passenger car is expected to remain the growth engine in the automotive radiator grille market during the next five years.
Horizontal grille is expected to remain the most dominant design type in the automotive radiator grille market in the coming years.
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