The Automotive Grille Market is expected to increase by USD 13999.8 million billion. As per the research report 2024-2028 published by Technavio, the market is expected to grow at a CAGR of 4.5% during the forecast period. The industry is segmented by Vehicle Type (Passenger cars and Commercial vehicles) and Geography (APAC, Europe, North America, South America, and Middle East and Africa).
The global automotive grille market is undergoing robust expansion, primarily fueled by the burgeoning passenger car sector. Both metallic and plastic grilles are currently in a growth phase, with the latter being favored in cost-conscious passenger cars. However, premium vehicle brands differentiate their models by offering grilles made from diverse materials, thereby augmenting the perceived value of the automobile. For instance, the Hyundai Elite i20 in India utilizes plastic grilles for its entry-level variant and chrome-finished grilles for higher trims. Notably, the integration of advanced components such as active grille shutters continues to propel market growth.
Know what factors are driving the market growth - Access free sample report
The APAC hold the largest regional market size in the current year. The Automotive Grille market represents a significant business opportunity, driven by increasing vehicle production and consumer preference for aesthetically appealing grille designs. Manufacturers are investing in research and development to introduce innovative grille designs, materials, and technologies, catering to diverse customer segments and geographies. The market is expected to grow steadily, driven by factors such as rising disposable income, increasing vehicle customization trends, and regulatory compliance.
Know which companies are participating in the market- Download the report
The global automotive components and equipment market encompasses businesses producing parts and accessories for various vehicle types, including passenger cars (PCs), electric vehicles (EVs), commercial vehicles (CVs), heavy-duty vehicles, off-road vehicles, motorcycles, scooters, quad bikes, and three-wheelers. According to Technavio, the market size is determined by the consolidated revenue generated by automotive components and equipment manufacturers. Key growth drivers in the automotive parts and equipment industry include the surge in electronic components utilization in automobiles. The increasing sales of EVs, motorcycles, and PCs have significantly boosted the demand for electronic control units (ECUs) and other electrical components over the past decade.
The Automotive Grille Market is experiencing significant growth, fueled by the Increasing automotive sales. Businesses are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
The Automotive Grille Market is witnessing significant growth due to the increasing demand for advanced driver assistance systems (ADAS) and technological features in vehicles. Grilles play a crucial role in engine cooling and thermal performance, as well as providing aesthetic value and protection against road wreckage. Grilles are typically made of materials such as plastic, ABS plastics, stainless steel, and aluminum, chosen for their cost-effectiveness, easy machining, lightweight properties, and durability. Advanced designs include billet automotive grilles, CNC automotive grilles, and mesh automotive grilles, which offer improved aerodynamic efficiency and fuel efficiency in passenger cars, light commercial vehicles, and heavy commercial vehicles. The semiconductor shortage and urbanization are driving the need for electric vehicles, leading to a growing demand for grilles that enhance vehicle aerodynamics and thermal management. Grilles also play a vital role in headlight design and airflow, ensuring optimal vehicle performance and protection of the radiator and engine. In summary, the automotive grille market is poised for growth, driven by advancements in technology, materials, and design, as well as the evolving needs of the automotive industry, including fuel efficiency, aerodynamics, and protection.
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
Safe and Secure SSL Encrypted
One user only.
Quick & easy download option
Unlimited user access (Within your organization).
Complimentary Customization Included
*For Enterprise license, go to checkout page
Get the report (PDF) sent to your email within minutes.
