Stratview Research announces the launch of a new research report on Automotive Radiator Grille Market by Vehicle Type (Passenger Car, LCV, and M&HCV), by Design Type (Horizontal Grille, Vertical Grille, and Mesh Grille), By Material Type (Metal and Plastic), By Process Type (Die Casting, Injection Molding, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2018-2023.
This market report, from Stratview Research, studies the radiator grille market in the global automotive industry over the trend and forecast period of 2012 to 2023. The report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
The Radiator Grille Market in the Automotive Industry: Highlights
As per Stratview Research, the global automotive radiator grille market offers a healthy growth opportunity during the forecast period of 2018 to 2023 and reach an estimated US $3,087.2 million in 2023. 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 are proliferating the growth of radiator grilles in the automotive industry.
The author of the report cited that passenger car is expected to remain the growth engine of the global automotive radiator grille market during the forecast period. Increasing production of passenger cars, especially SUVs and compact cars, coupled with a higher demand for excellent aesthetics is the major driver for the segment.
As per the study, horizontal grille is expected to remain the most dominant design type in the global automotive radiator grille market during the forecast period. Horizontal design 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 material type, 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. Plastic grille not only reduces the system weight but also offers higher performance than metal parts.
In terms of 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.
Major 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 the major players to gain a competitive edge in the market.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
This report studies the radiator grille market in the global automotive industry and has segmented the market in five ways, keeping in mind the interest of all the stakeholders across the value chain. The following are the five ways in which the market is segmented:
Automotive Radiator Grille Market, By Vehicle Type
Automotive Radiator Grille Market, By Design Type
Automotive Radiator Grille Market, By Material Type
Automotive Radiator Grille Market, By Process Type
Automotive Radiator Grille Market, By Region
Stratview Research has several high value market reports in the global automotive industry. Please refer to the following link to browse through our reports:
Some of our other premium reports in the automotive industry:
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