Global Automotive Radiator Grille Market to Record Protruding Growth to Reach 3,887.2 million USD By End of 2027

April 2021 | Report Format: Electronic (PDF)

The increase in people's living standards, rise in per income per capita, and rising desire for technologically sophisticated and fashionable aesthetics are the primary drivers driving the growth of the vehicle grilles market. The advancement of modern technology has increased market competitiveness, and the rising interest in racing and supercars is fueling market expansion. The big leading firms have committed a significant amount of money in investments in r&d in order to provide their customers with modern and fashionable features.

Metal and plastic grilles are the two types of material. Plastic grilles account for the lion's share of the global market and are predicted to retain their dominance during the forecast period. The government's strict laws and policies aimed at boosting fuel economy and lowering carbon emissions are compelling vehicle makers to use lightweight materials into diverse applications in order to reduce the total weight of the vehicle. This market dynamic has had little effect on radiator grilles, which have transitioned from metals to plastic materials. The plastic grille not only reduces system weight but also outperforms metal components in terms of function.

Due to strong expansion in passenger vehicle sales and manufacturing, Asia Pacific has the largest share of the worldwide market in terms of both volume and value. Because of the burgeoning and expanding automotive industries in these nations, developing and also major economies such as China, India, Japan, and South Korea are major contributors to the automotive radiator grille market.

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Automotive Radiator Grille Market Report Highlights

• In October 2019, Toyoda Gosei developed an automotive radiator grille to provide automobiles with a sportier sensation, with a black lustre paint that provides a stunning depth feel. Toyota Motor Corporation employed similar grilles on the limited-edition LEXUS IS F-Sport, which debuted.
• The major automakers are currently investing heavily in these expanding markets to increase their production capacity and create technologically sophisticated and modern features for automobiles in order to meet the rising trend among consumers, particularly the youthful population.

AUTOMOTIVE RADIATOR GRILLE MARKET SEGMENTATION

The research report published by Market Research Strategy contains industry segments, as below-

Automotive Radiator Grille Product Type Outlook (Revenue, USD Million, 2016 - 2027)

• Horizontal Radiator Grille
• Vertical Radiator Grille
• Mesh Grille

Automotive Radiator Grille Material Type Outlook (Revenue, USD Million, 2016 - 2027)

• Metal
• Plastic

Automotive Radiator Grille Application Outlook (Revenue, USD Million, 2016 - 2027)

• Passenger Car
• Commercial Car

Automotive Radiator Grille Regional Outlook (Revenue, USD Million, 2016 - 2027)

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • U.K.
  • France
  • Italy
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
• Central & South America
  • Brazil
  • Argentina
• Middle East & Africa
  • Saudi Arabia
  • South Africa

List of Key Players- Automotive Radiator Grille Market

• T-Rex Truck Products
• TPR Co. Ltd.
• Toyoda Gosei
• Torxe
• Street Scenes Auto
• SRG Global
• Samshin Chemicals Co., Ltd.
• Sakae Riken Kogyo Co., Ltd.
• Royalty Core
• Plastic Omnium
• ORACLE LIGHTING
• Magna International
• Lacks Enterprises
• Faltec Co., Ltd.

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