Radiator Grille Market in the Global Automotive Industry is Likely to Reach US$ 3.1 Billion in 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.
(EMAILWIRE.COM, October 13, 2018 )
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.
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.
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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.
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.
About Stratview Research
Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making.
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.
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.
Click here for Table Of Contents :-
https://stratviewresearch.com/toc/298/Automotive-Radiator-Grille-Market.html
or
Request Sample :-
https://stratviewresearch.com/Request-Sample/298/Automotive-Radiator-Grille-Market.html
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.
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.
About Stratview Research
Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making.
Contact Information:
Stratview Research
Ritesh Gandecha
Tel: +1-313-307-4176
Email us
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Stratview Research
Ritesh Gandecha
Tel: +1-313-307-4176
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results