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Active Grille Shutter Market Size, Trends, Analysis, and Outlook by Type (Visible AGS, Non-Visible AGS), Application (Passenger Car, Light Commercial Vehicles (LCV), Heavy Commercial Vehicle (HCV)), Sales Channel (OEMs, Aftermarket), Shutter Vanes Type (Horizontal AGS, Vertical AGS), by Country, Segment, and Companies, 2024-2030

April 2024 | 197 pages | ID: AE2DBC671959EN
VPAResearch

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The global Active Power Steering market size is poised to register 7.06% growth from 2024 to 2030, presenting significant growth prospects for companies operating in the industry. The study analyzes the global Active Power Steering market by Type (Combined with Electric Steering Systems, Combined with Hydraulic Power Steering Systems), Application (Light Trucks, Medium Trucks, Heavy Trucks, Buses, Others), Sensor (Torque Sensor, Rotational Angle Sensor, Vehicle Speed Sensor), Vehicle (Light Commercial Vehicle (LCV), Medium Commercial Vehicles (MCV), Heavy Commercial Vehicle (HCV)).
The Active Power Steering market is poised for significant evolution and expansion through 2030, driven by the increasing demand for enhanced vehicle maneuverability, stability, and safety is propelling the adoption of active power steering systems. Advanced driver assistance systems (ADAS) and autonomous driving technologies are further fueling this demand, as they rely on precise steering control for effective operation. Further, the rising popularity of electric and hybrid vehicles is driving the need for more efficient and adaptable power steering solutions to accommodate different driving modes and assist in energy management. Furthermore, ongoing advancements in sensor technology, control algorithms, and electric powertrain systems are facilitating the development of more intelligent and responsive active power steering systems, offering improved performance and driving experience. .

Active Power Steering Market Drivers, Trends, Opportunities, and Growth Opportunities
This comprehensive study discusses the latest trends and the most pressing challenges for industry players and investors. The Active Power Steering market research analyses the global market trends, key drivers, challenges, and opportunities in the industry. In addition, the latest Future of Active Power Steering survey report provides the market size outlook across types, applications, and other segments across the world and regions. It provides data-driven insights and actionable recommendations for companies in the Active Power Steering industry.

Key market trends defining the global Active Power Steering demand in 2024 and Beyond
The industry continues to remain an attractive hub for opportunities for both domestic and global vendors. As the market evolves, factors such as emerging market dynamics, demand from end-user sectors, a growing patient base, changes in consumption patterns, and widening distribution channels continue to play a major role.

Active Power Steering Market Segmentation- Industry Share, Market Size, and Outlook to 2030
The Active Power Steering industry comprises a wide range of segments and sub-segments. The rising demand for these product types and applications is supporting companies to increase their investment levels across niche segments. Accordingly, leading companies plan to generate a large share of their future revenue growth from expansion into these niche segments. The report presents the market size outlook across segments to support Active Power Steering companies scaling up production in these sub-segments with a focus on expanding into emerging countries.

Key strategies adopted by companies within the Active Power Steering industry
Leading Active Power Steering companies are boosting investments to capitalize on untapped potential and future possibilities across niche market segments and surging demand conditions in key regions. Further, companies are leveraging advanced technologies to unlock opportunities and achieve operational excellence. The report provides key strategies opted for by the top 10 Active Power Steering companies.

Active Power Steering Market Study- Strategic Analysis Review
The Active Power Steering market research report dives deep into the qualitative factors shaping the market, empowering you to make informed decisions-
Industry Dynamics: Porter's Five Forces analysis to understand bargaining power, competitive rivalry, and threats that impact long-term strategy formulation.
Strategic Insights: Provides valuable perspectives on key players and their approaches based on comprehensive strategy analysis.
Internal Strengths and Weaknesses: Develop targeted strategies to leverage strengths, address weaknesses, and capitalize on market opportunities.
Future Possibilities: Prepare for diverse outcomes with in-depth scenario analysis. Explore potential market disruptions, technology advancements, and economic changes.

Active Power Steering Market Size Outlook- Historic and Forecast Revenue in Three Cases
The Active Power Steering industry report provides a detailed analysis and outlook of revenue generated by companies from 2018 to 2023. Further, with actual data for 2023, the report forecasts the market size outlook from 2024 to 2030 in three case scenarios- low case, reference case, and high case scenarios.

Active Power Steering Country Analysis and Revenue Outlook to 2030
The report analyses 22 countries worldwide including the key driving forces and market size outlook from 2021 to 2030. In addition, region analysis across Asia Pacific, Europe, the Middle East, Africa, North America, and South America is included in the study. For each of the six regions, the market size outlook by segments is forecast for 2030.

North America Active Power Steering Market Size Outlook- Companies plan for focused investments in a changing environment
The US continues to remain the market leader in North America, driven by a large consumer base, the presence of well-established providers, and a strong end-user industry demand. Leading companies focus on new product launches in the changing environment. The US economy is expected to grow in 2024 (around 2.2% growth in 2024), potentially driving demand for various Active Power Steering market segments. Similarly, Strong end-user demand is encouraging Canadian Active Power Steering companies to invest in niche segments. Further, as Mexico continues to strengthen its trade relations and invest in technological advancements, the Mexico Active Power Steering market is expected to experience significant expansion, offering lucrative opportunities for both domestic and international stakeholders.

Europe Active Power Steering Market Size Outlook-Companies investing in assessing consumers, categories, competitors, and capabilities
The German industry remains the major market for companies in the European Active Power Steering industry with consumers in Germany, France, the UK, Spain, Italy, and others anticipated to register a steady demand throughout the forecast period, driving the overall market prospects. In addition, the proactive approach of businesses in identifying and leveraging new growth prospects positions the European Active Power Steering market for an upward trajectory, fostering both domestic and international interest. Leading brands operating in the industry are emphasizing effective marketing strategies, innovative product offerings, and a keen understanding of consumer preferences.

Asia Pacific Active Power Steering Market Size Outlook- an attractive hub for opportunities for both local and global companies
The increasing prevalence of indications, robust healthcare expenditure, and increasing investments in healthcare infrastructure drive the demand for Active Power Steering in Asia Pacific. In particular, China, India, and South East Asian Active Power Steering markets present a compelling outlook for 2030, acting as a magnet for both domestic and multinational manufacturers seeking growth opportunities. Similarly, with a burgeoning population and a rising middle class, India offers a vast consumer market. Japanese and Korean companies are quickly aligning their strategies to navigate changes, explore new markets, and enhance their competitive edge. Our report utilizes in-depth interviews with industry experts and comprehensive data analysis to provide a comprehensive outlook of 6 major markets in the region.

Latin America Active Power Steering Market Size Outlook- Continued urbanization and rising income levels
Rising income levels contribute to greater purchasing power among consumers, spurring consumption and creating opportunities for market expansion. Continued urbanization and rising income levels are expected to sustainably drive consumption growth in the medium to long term.

Middle East and Africa Active Power Steering Market Size Outlook- continues its upward trajectory across segments
Robust demand from Middle Eastern countries including Saudi Arabia, the UAE, Qatar, Kuwait, and other GCC countries supports the overall Middle East Active Power Steering market potential. Fueled by increasing consumption expenditure, growing population, and high demand across a few markets drives the demand for Active Power Steering.

Active Power Steering Market Company Profiles
The global Active Power Steering market is characterized by intense competitive conditions with leading companies opting for aggressive marketing to gain market shares. The report presents business descriptions, SWOT analysis, growth strategies, and financial profiles. Leading companies included in the study are AB Volvo, ABSKF, activepowersteering.com.au, BMW AG, Knorr-Bremse AG, Nexteer Automotive Corp, NSK Ltd, Ognibene Power SPA, Robert Bosch GmbH, Volkswagen AG.

Recent Active Power Steering Market Developments
The global Active Power Steering market study presents recent market news and developments including new product launches, mergers, acquisitions, expansions, product approvals, and other updates in the industry.

Active Power Steering Market Report Scope
Parameters: Revenue, Volume Price
Study Period: 2023 (Base Year); 2018- 2023 (Historic Period); 2024- 2030 (Forecast Period)
Currency: USD; (Upon request, can be provided in Euro, JPY, GBP, and other Local Currency)
Qualitative Analysis
Pricing Analysis
Value Chain Analysis
SWOT Profile
Market Dynamics- Trends, Drivers, Challenges
Porter’s Five Forces Analysis
Macroeconomic Impact Analysis
Case Scenarios- Low, Base, High

Market Segmentation:
Type
Combined with Electric Steering Systems
Combined with Hydraulic Power Steering Systems
Application
Light Trucks
Medium Trucks
Heavy Trucks
Buses
Others
Sensor
Torque Sensor
Rotational Angle Sensor
Vehicle Speed Sensor
Vehicle
Light Commercial Vehicle (LCV)
Medium Commercial Vehicles (MCV)
Heavy Commercial Vehicle (HCV)

Geographical Segmentation:
North America (3 markets)
Europe (6 markets)
Asia Pacific (6 markets)
Latin America (3 markets)
Middle East Africa (5 markets)

Companies
AB Volvo
ABSKF
activepowersteering.com.au
BMW AG
Knorr-Bremse AG
Nexteer Automotive Corp
NSK Ltd
Ognibene Power SPA
Robert Bosch GmbH
Volkswagen AG.
Formats Available: Excel, PDF, and PPT
1. EXECUTIVE SUMMARY

1.1 Active Grille Shutter Market Overview and Key Findings, 2024
1.2 Active Grille Shutter Market Size and Growth Outlook, 2021- 2030
1.3 Active Grille Shutter Market Growth Opportunities to 2030
1.4 Key Active Grille Shutter Market Trends and Challenges
  1.4.1 Active Grille Shutter Market Drivers and Trends
  1.4.2 Active Grille Shutter Market Challenges
1.5 Competitive Landscape and Key Players
1.6 Competitive Analysis- Growth Strategies Adopted by Leading Active Grille Shutter Companies

2. ACTIVE GRILLE SHUTTER MARKET SIZE OUTLOOK TO 2030

2.1 Active Grille Shutter Market Size Outlook, USD Million, 2021- 2030
2.2 Active Grille Shutter Incremental Market Growth Outlook, %, 2021- 2030
2.3 Segment Snapshot, 2024

3. ACTIVE GRILLE SHUTTER MARKET- STRATEGIC ANALYSIS REVIEW

3.1 Porter's Five Forces Analysis
* Threat of New Entrants
* Threat of Substitutes
* Intensity of Competitive Rivalry
* Bargaining Power of Buyers
* Bargaining Power of Suppliers
3.2 Value Chain Analysis
3.3 SWOT Analysis

4. ACTIVE GRILLE SHUTTER MARKET SEGMENTATION ANALYSIS AND OUTLOOK

4.1 Market Segmentation and Scope
4.2 Market Breakdown by Type, Application, and Other Segments, 2021-2030
Type
Visible AGS
Non-Visible AGS
Application
Passenger Car
Light Commercial Vehicles (LCV)
Heavy Commercial Vehicle (HCV)
Sales Channel
OEMs
Aftermarket
Shutter Vanes Type
Horizontal AGS
Vertical AGS
4.3 Growth Prospects and Niche Opportunities, 2023- 2030
4.4 Regional comparison of Market Growth, CAGR, 2023-2030

5. REGION-WISE MARKET OUTLOOK TO 2030

5.1 Key Findings for Asia Pacific Active Grille Shutter Market, 2025
5.2 Asia Pacific Active Grille Shutter Market Size Outlook by Type, 2021- 2030
5.3 Asia Pacific Active Grille Shutter Market Size Outlook by Application, 2021- 2030
5.4 Key Findings for Europe Active Grille Shutter Market, 2025
5.5 Europe Active Grille Shutter Market Size Outlook by Type, 2021- 2030
5.6 Europe Active Grille Shutter Market Size Outlook by Application, 2021- 2030
5.7 Key Findings for North America Active Grille Shutter Market, 2025
5.8 North America Active Grille Shutter Market Size Outlook by Type, 2021- 2030
5.9 North America Active Grille Shutter Market Size Outlook by Application, 2021- 2030
5.10 Key Findings for South America Active Grille Shutter Market, 2025
5.11 South America Pacific Active Grille Shutter Market Size Outlook by Type, 2021- 2030
5.12 South America Active Grille Shutter Market Size Outlook by Application, 2021- 2030
5.13 Key Findings for Middle East and Africa Active Grille Shutter Market, 2025
5.14 Middle East Africa Active Grille Shutter Market Size Outlook by Type, 2021- 2030
5.15 Middle East Africa Active Grille Shutter Market Size Outlook by Application, 2021- 2030

6. COUNTRY-WISE MARKET SIZE OUTLOOK TO 2030

6.1 US Active Grille Shutter Market Size Outlook and Revenue Growth Forecasts
6.2 US Active Grille Shutter Industry Drivers and Opportunities
6.3 Canada Market Size Outlook and Revenue Growth Forecasts
6.4 Canada Active Grille Shutter Industry Drivers and Opportunities
6.6 Mexico Market Size Outlook and Revenue Growth Forecasts
6.6 Mexico Active Grille Shutter Industry Drivers and Opportunities
6.7 Germany Market Size Outlook and Revenue Growth Forecasts
6.8 Germany Active Grille Shutter Industry Drivers and Opportunities
6.9 France Market Size Outlook and Revenue Growth Forecasts
6.10 France Active Grille Shutter Industry Drivers and Opportunities
6.11 UK Market Size Outlook and Revenue Growth Forecasts
6.12 UK Active Grille Shutter Industry Drivers and Opportunities
6.13 Spain Market Size Outlook and Revenue Growth Forecasts
6.14 Spain Active Grille Shutter Industry Drivers and Opportunities
6.16 Italy Market Size Outlook and Revenue Growth Forecasts
6.16 Italy Active Grille Shutter Industry Drivers and Opportunities
6.17 Rest of Europe Market Size Outlook and Revenue Growth Forecasts
6.18 Rest of Europe Active Grille Shutter Industry Drivers and Opportunities
6.19 China Market Size Outlook and Revenue Growth Forecasts
6.20 China Active Grille Shutter Industry Drivers and Opportunities
6.21 India Market Size Outlook and Revenue Growth Forecasts
6.22 India Active Grille Shutter Industry Drivers and Opportunities
6.23 Japan Market Size Outlook and Revenue Growth Forecasts
6.24 Japan Active Grille Shutter Industry Drivers and Opportunities
6.26 South Korea Market Size Outlook and Revenue Growth Forecasts
6.26 South Korea Active Grille Shutter Industry Drivers and Opportunities
6.27 Australia Market Size Outlook and Revenue Growth Forecasts
6.28 Australia Active Grille Shutter Industry Drivers and Opportunities
6.29 South East Asia Market Size Outlook and Revenue Growth Forecasts
6.30 South East Asia Active Grille Shutter Industry Drivers and Opportunities
6.31 Rest of Asia Pacific Market Size Outlook and Revenue Growth Forecasts
6.32 Rest of Asia Pacific Active Grille Shutter Industry Drivers and Opportunities
6.33 Brazil Market Size Outlook and Revenue Growth Forecasts
6.34 Brazil Active Grille Shutter Industry Drivers and Opportunities
6.36 Argentina Market Size Outlook and Revenue Growth Forecasts
6.36 Argentina Active Grille Shutter Industry Drivers and Opportunities
6.37 Rest of South America Market Size Outlook and Revenue Growth Forecasts
6.38 Rest of South America Active Grille Shutter Industry Drivers and Opportunities
6.39 Middle East Market Size Outlook and Revenue Growth Forecasts
6.40 Middle East Active Grille Shutter Industry Drivers and Opportunities
6.41 Africa Market Size Outlook and Revenue Growth Forecasts
6.42 Africa Active Grille Shutter Industry Drivers and Opportunities

7. ACTIVE GRILLE SHUTTER MARKET OUTLOOK ACROSS SCENARIOS

7.1 Low Growth Case
7.2 Reference Growth Case
7.3 High Growth Case

8. ACTIVE GRILLE SHUTTER COMPANY PROFILES

8.1 Profiles of Leading Active Grille Shutter Companies in the Market
8.2 Business Descriptions, SWOT Analysis, and Growth Strategies
8.3 Financial Performance and Key Metrics
Aisin Corp
Brose Fahrzeugteile GmbH & Co. KG.
Continental AG
HBPO GmbH
Magna International Inc
Rochling Group
Shape Corp
Sonceboz SA
SRG Global
Valeo SA
Yamaguchi Starlite Ltd

9. APPENDIX

9.1 Scope of the Report
9.2 Research Methodology and Data Sources
9.3 Glossary of Terms
9.4 Market Definitions
9.5 Contact Information


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