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Automotive Radiator Grille Market Status (2016-2020) and Forecast Market Analysis, Regional Outlook, Segment Growth Potential, and Competitive Market Share Analysis, 2021-2027

Format: PDF | Pages: 330 | Report ID: MRS1135


Report Description

The global Automotive Radiator Grille market size is estimated at USD 2,087.2 million in 2020, expanding at a CAGR 6.4% from 2021-2027 to reach 3,887.2 million USD in 2027.

Market Dynamics

Automotive radiator grilles are shields with vents installed in front of cars to allow air to pass past. They assist in decreasing the heat emitted beneath the vehicle's hood by enabling hot airflow out and cold air from outside to flow inside. They also keep flying stones and debris away from the radiator and engine. As a result, these grilles aid in maintaining the vehicle's interior components and environment at a reasonable temperature. For cabin ventilation, automotive grilles are also installed in many positions of the cars, such as on the rear deck lid, below the front bumper, in the cowl, and in front of the wheels.

Some of the primary factors driving the overall industry growth of radiator grilles market includes rising awareness levels of modern technologies, rising consumer per capita income, and rising demand for technologically sophisticated, good-looking, and sturdy vehicles. Product advancements have increased market competition, as a result of which significant leading businesses are actively spending in R&D operations. However, the automotive Center clusters industry has problems due to sophisticated hardware and high production costs. This industry has also been fueled by rising interest in supercars and racing automobiles. The car sector must conform to strict dependability and safety regulations. As this area is dominated by constantly emerging technology, the opportunity lay in investing in continuous research and development. Because of the global expansion in the middle-class population, per capita automobile ownership has been steadily increasing. According to the Organization for Economic Cooperation and Development's (OECD) International Transport Forum, the global vehicle population is expected to reach 2.5 billion by 2050.

Regional Insights

In terms of geography, Europe holds a major part of the Automotive Radiator grille Market, due to the region's strong growth and demand for vehicles in comparison to other developed areas. In terms of automobile radiator grilles primarily utilized in vehicles, the North America area accounts for a sizable proportion. The region's passenger car is expected to provide value to the region's Automotive Radiator grille Market. In terms of the developing region of Asia-Pacific, the Radiator grille's growth is remarkably high and with a relatively high CAGR in the forecast period, owing to factors such as rapid economic development, globalization, and increasing demand for the Radiator grille in the automotive sector and its sub-verticals.

Segment Insights

The Automotive Radiator Grille market is divided into three categories: Product Type, Material Types, and Application. Horizontal grilles account for the majority of the worldwide market in terms of product type, as a big number of cars are equipped with them due to their ease of maintenance, high strength, and aesthetic appeal. Mesh grilles also are getting popular in the global market due to their high strength, fashionable appearance, and narrower vents, which prevent pebbles and other particles from entering the radiator and engine area. Because of the growing popularity of mesh grilles for their good aesthetic appearances and great strength, several car manufacturers are now incorporating them into their vehicle models.

Competitive Insights

The Automotive Radiator Grille market is very competitive, with both domestic and foreign businesses present. To remain competitive, major firms in the business engage in strategic mergers and acquisitions, partnerships, and new product releases. Toyoda Gosei Co., Ltd., for example, has created an automotive radiator grille that provides automobiles a sportier sensation by employing paint with a stunning black shine that creates a dramatic sense of depth. These grilles are featured on Toyota Motor Corporation's special edition LEXUS IS F-Sport model, which was released in October 2019.

The report begins with an overview of the Industry Chain structure, and describes the industry environment, then analyses market size and forecast of Automotive Radiator Grille by product type, material Type, region, and application. In addition, this report introduces the market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.

Company Coverage (Company Profile, Sales Revenue, Price, Gross Margin, Main Products etc.):

  • 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.

Product Type Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):

  • Horizontal Radiator Grille
  • Vertical Radiator Grille
  • Mesh Grille

Material Type Coverage (Market Size & Forecast, Main Consumer Analysis etc.):

  • Metal
  • Plastic

Application Coverage (Market Size & Forecast, Main Consumer Analysis etc.):

  • Passenger Car
  • Commercial Car

Region Coverage (Regional Consumption, Demand & Forecast by Countries etc.):

  • North America (U.S., and Canada)
  • Europe (Germany, U.K., France, Italy, Spain etc.)
  • Asia-Pacific (China, India, Japan, Indonesia, Malaysia, Australia, South Korea, etc.)
  • South America (Brazil, Mexico, Argentina etc.)
  • Middle East & Africa (Saudi Arabia, Kuwait, UAE, South Africa etc.)

Frequently Asked Questions

The global Automotive Radiator Grille market size is estimated at USD 2,087.2 million in 2020, expanding at a CAGR 6.4% from 2021-2027 to reach 3,887.2 million USD in 2027.
North America captured the highest revenue in 2021 and is projected to continue its dominance during the study period.
The global Automotive Radiator Grille market size is expanding at a CAGR 6.4% from 2021-2027 to reach 3,887.2 million USD in 2027.
Asia Pacific (especially China, and India) region is projected to grow at the fastest growth rate during the study period.
The Automotive Radiator Grille market is very competitive, with both domestic and foreign businesses present. To remain competitive, major firms in the business engage in strategic mergers and acquisitions, partnerships, and new product releases. Toyoda Gosei Co., Ltd., for example, has created an automotive radiator grille that provides automobiles a sportier sensation by employing paint with a stunning black shine that creates a dramatic sense of depth. These grilles are featured on Toyota Motor Corporation's special edition LEXUS IS F-Sport model, which was released in October 2019.

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