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(Transportation-News.com, February 26, 2019 )
As per the latest market intelligence report published by Stratview Research, the Automotive Radiator Grille Market is anticipated to reach at US$ 3,087.2 million by 2023.
The research studies Automotive Radiator Grille Market in the trend period of 2012 to 2017 and forecasted period of 2018 to 2023 under five segments 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 study finds –
Asia-Pacific is expected to remain the largest automotive radiator grille market during the forecast period.
The injection molding process is expected to remain the most dominant and fastest-growing process type in the global automotive radiator grille market.
Plastic radiator grille is expected to remain the largest segment of the global automotive radiator grille market during the forecast period.
Horizontal grille is expected to remain the most dominant design type.
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Automotive Radiator Grille Market: Highlights
The global automotive radiator grille market is projected to reach US$ 3,087.2 million in 2023 and offers healthy growth opportunities in the entire ecosystem of the market. 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 the proliferating the growth of radiator grilles in the automotive industry.
The global automotive radiator grille market is segmented based on the vehicle type as Passenger Car, LCV (Light Commercial Vehicle) and M&HCV (Medium- & Heavy-Duty Commercial Vehicle). Passenger car is expected to remain the growth engine of the global automotive radiator grille market during the forecast period of 2018 to 2023. Increasing production of passenger cars, especially SUVs and compact cars, coupled with a higher demand for excellent aesthetics is the major driver of the segment.
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Based on the design type, the global automotive radiator grille market is segmented as Horizontal Grille, Vertical Grille, and Mesh Grille. Horizontal grille is expected to remain the most dominant design type in the global automotive radiator grille market during the forecast period of 2018 to 2023.
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Ritesh Gandecha
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Source: EmailWire.Com 
Source: EmailWire.com
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