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    Automotive Radiator Grille Market Size, Share & Forecast (2018-2023)

    Automotive Radiator Grille Market Size, Share & Forecast (2018-2023)
    Report code - SRTI134 Published On : Jan,2018 No. of Pages: 255
    Automotive Radiator Grille Market Size, Share, Trend, Forecast, & Competitive Analysis See more...
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    Automotive Radiator Grille Market Insights

    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.

     

    Automotive Radiator Grille Market Share Analysis

    Automotive Radiator Grille Market Share by Vehicle Type

    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.

    Automotive Radiator Grille Market Share by Design Type

    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.

    Automotive Radiator Grille Market Share by Material Type

    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.

    Automotive Radiator Grille Market Share by Process Type

    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.

    Regional Insights

    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.

    Key Players

    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 Magna International, Plastic Omnium, Toyoda Gosei, SRG Global, Lacks Enterprises, Sakae Riken Kogyo Co., Ltd., Samshin Chemicals Co., Ltd., Faltec Co., Ltd. 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.

     

    Research Methodology

    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.

     

    Market Scope & Segmentation

    Research Scope

    Trend & Forecast Period

    2012-2023

    Size in 2023

    US$ 3,087.2 million

    Regions Covered

    North America, Europe, Asia-Pacific, Rest of the World

    Countries/Subregions Covered

    The USA, Canada, Mexico, Germany, France, The UK, Italy, Russia, Japan, China, South Korea, India, Brazil, Argentina and Others

    Figures & Tables

    >150

    Customization

    Up to 10% customization available free of cost

     

    The market is segmented in the following ways:

    Automotive Radiator Grille Market Size, Share & Forecast by Vehicle Type:

    • Passenger Car
    • LCV
    • M&HCV

    Automotive adiator Grille Market Size, Share & Forecast by Design Type:

    • Horizontal Radiator Grille
    • Vertical Radiator Grille
    • Mesh Grille

    Automotive Radiator Grille Market Size, Share & Forecast by Material Type:

    • Metal
    • Plastic

    Automotive Radiator Grille Market Size, Share & Forecast by Process Type:

    • Die Casting
    • Injection Molding
    • Others

    Automotive Radiator Grille Market Size, Share & Forecast by Region:

    • North America (Country Analysis: The USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, The UK, Italy, Russia, and Rest of Europe)
    • Asia-Pacific (Country Analysis: Japan, China, South Korea, India and Rest of Asia-Pacific)
    • Rest of the World (Country Analysis: Brazil, Argentina, and Others)

    Report Features

    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:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis.
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
    • Market trend and forecast analysis.
    • Market segment trend and forecast.
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities.
    • Emerging trends.
    • Strategic growth opportunities for the existing and new players.
    • Key success factors.

     


    Frequently Asked Questions (FAQs)

    What is radiator grille?

    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.

    What will be the size of the Automotive Radiator Grille Market in the foreseeable years?

    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.

    Which country/region is expected to witness the highest growth in the Automotive Radiator Grille Market?

    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.

    Which type of material is expected to remain dominant?

    Plastic is expected to remain most dominant material in the automotive radiator grille market during the forecast period of 2018-23.

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