LONDON--(BUSINESS WIRE)--Sep 6, 2018-- analysts forecast the global automotive grille market to grow at a CAGR of nearly 7% during the forecast period, according to their latest market research report.
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Technavio has published a new market research report on the global automotive grille market from 2018-2022. (Graphic: Business Wire)
The growing popularity of electric vehicles is one of the major trends being witnessed in the . Electric vehicles were introduced in the early 1990s, however, they lacked popularity among end-users in the initial years. Increased marketing by vendors and widespread awareness have led to a rise in popularity of electric vehicles. Benefits, such as low air and noise pollution, are the primary reasons for triggering their demand in the market.
According to Technavio analysts, one of the key factors contributing to the growth of the global automotive grille market is the increasing popularity of plastic grilles:
Global automotive grille market: Increasing popularity of plastic grille
Automotive grilles are designed with more attention as they represent the face of the vehicle. The primary purpose of the automobile grille is to provide airflow to under-the-hood components to reduce the heat generated through friction. These are automotive grilles that have flaps that could close the grille at high speeds to increase efficiency.
According to a senior analyst at Technavio for research on automotive electronics, “Automotive grille acts as one of the major differentiation factors for the vehicle’s exterior design. Automotive grilles are available in aluminum, chrome, and plastic. In addition to ensuring air flow, automotive grille acts as a protection for under-the-hood components from dirt, rocks, and large objects.”
Global automotive grille market: Segmentation analysis
The global automotive grille market research report provides market segmentation by region (the Americas, EMEA, and APAC). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
APAC led the market in 2017 with a market share of nearly 53%. This region is expected to dominate the market through 2022, with an increase in its market share by nearly 2%.
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market LandscapeMarket ecosystem Market characteristics Market segmentation analysis
Market SizingMarket definition Market size and forecast
Five Forces Analysis
Geographical SegmentationRegional comparison Key leading countries
Vendor LandscapeVendors covered Vendor classification Market positioning of vendors Competitive scenario
is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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INDUSTRY KEYWORD: TECHNOLOGY OTHER TECHNOLOGY MANUFACTURING AUTOMOTIVE MANUFACTURING ENGINEERING OTHER MANUFACTURING AUTOMOTIVE AFTERMARKET GENERAL AUTOMOTIVE
SOURCE: Technavio Research
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PUB: 09/06/2018 01:05 PM/DISC: 09/06/2018 01:05 PM