It is expected to grow at a CAGR of 5. 3% during 2022–2028. Automobile manufacturers are rapidly embracing different technologies to attract new customers and gain a competitive advantage. Several macroeconomic factors have created a severely hostile environment for automotive manufacturers since 2018.
New York, Aug. 26, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Active Grille Shutter Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Propulsion Type , Vane Type, and Vehicle Type" - https://www.reportlinker.com/p06316342/?utm_source=GNW Moreover, the COVID-19 pandemic caused severe disruptions, subjecting many automobile manufacturers to huge economic losses.Political factors in Europe, the Middle East, and South America negatively affected component supply, which further delayed automobile production. Severe economic downturns in several countries resulted in decreased consumer spending on discretionary or optional goods.Despite such factors, automobile sales started increasing in 2021, primarily propelled by increasing sales of passenger vehicles. High-end passenger vehicles, including electric vehicles, dominated the overall demand for automobiles. Automobile manufacturers integrated active grille shutters to such vehicles for attracting customers. These shutters can significantly improve aerodynamic performance of a vehicle, thus reducing fuel consumption, along with aiding in optimal temperature maintenance of internal combustion engines (ICEs) or batteries (in terms of EVs). Additionally, the automotive industry is shifting toward lightweight components in vehicles, as they offer higher strength-to-weight ratios, corrosion resistivity, and workability features. Such components are meant to replace heavy metals in various vehicle parts. The industry is moving toward the growing demand for such lightweight components, including active grille shutters. Thus, the demand for lightweight active grille shutters has significantly increased among automakers over the decade, as they help save assembly time and reduce overall vehicle mass. Lightweight active grille shutter modules can help achieve up to 25% mass savings over steel versions, leading to better fuel efficiency and lower carbon emissions. Recently, Magna, a leading automotive manufacturer, launched its full-system assembly of composite liftgates and active aerodynamic grille shutters in China. Impact of COVID-19 Pandemic on Active Grille Shutter Market Growth Limitations imposed by governments to control the spread of COVID-19 during the initial phase of the global health crisis affected the daily operations of most automobile manufacturers.Stringent restrictions and supply chain disruptions, which resulted in the shortage of semiconductor chips, put most automobile companies in jeopardy. Similar situations were witnessed across most countries across all regions.Automobile production was significantly hampered by shortage of semiconductor chips. Which in turn resulted in decreased demand for active grille shutters.Low traffic volumes on road resulted in decreased sales of aftermarket active grille shutters as well. Europe, being one of the largest automobile manufacturers, witnessed a significant drop in vehicle production. Countries such as Germany, France, Italy, and the UK recorded low automobile sales. However, in 2021, after the temporary restrictions were lifted, the automobile industry swung around and started recording good sales volumes. Electric vehicle sales recorded high growth rates, while internal combustion engine based vehicles recorded moderate growth rates. Several active grille shutter market players announced new product lines for aftermarket fittings. Moreover, several enterprises shifted their focus to opening new factories in different regions to shield themselves from any possible supply chain disruptions in the coming years. Owing to such trends, the outlook post COVID for the active grille shutter market thus seems favorable for most active grille shutter market players. China accounts for the largest share of the active grille shutter market in Asia Pacific, followed by Japan and South Korea.The active grille shutter market in China is growing at one of the fastest pace globally. Automobile manufacturers in the country have been among the prime adopters of active grille shutters in APAC as they seek to scale up their export volumes.With growing demand for fuel efficient vehicles globally, such strategies are expected to be adopted by most European automobile manufacturers as well, in the near future. Similar strategies are also being adopted by automobile manufacturers in India, Japan, and South Korea, which is contributing to the proliferation of the active grille shutter market players operating in the region. The active grille shutter market revenue was predominantly generated through sales of passenger vehicles.However, this scenario is changing fast due to the growing awareness of the advantages of these shutters in, both, light and heavy commercial vehicles. These vehicles tend to consume much larger quantities of fuel.With strict regulations on carbon emission in effect in several countries, manufacturers of light and heavy commercial vehicles are adopting active grille shutters to improve aerodynamics and decrease the fuel consumption of their offerings. Such developments are expected to boost the active grille shutter market growth. HBPO GmbH; Magna International Inc.; Röchling SE & Co. KG; Shape Corporation; SRG Global; Standard Motor Products Inc.; STARLITE Co., Ltd.; Techniplas US LLC; Valeo SA; and Wirthwein AG are among the key companies in the active grille shutter market. The overall active grille shutter market size has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining an overview and forecast of the active grille shutter market size with respect to all market segments.Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data and gain more analytical insights. Participants of this process include VPs, business development managers, market intelligence managers, national sales managers, and external consultants—such as valuation experts, research analysts, and key opinion leaders—specializing in the active grille shutter market. Read the full report: https://www.reportlinker.com/p06316342/?utm_source=GNW About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. __________________________
(Bloomberg) -- In the aluminum industry, closing a smelter is an agonizing decision. Once power is cut and the production “pots” settle back to room temperature, it can take many months and tens of millions of dollars to bring them back online.Most Read from BloombergAmazon Closes, Abandons Plans for Dozens of US WarehousesNASA’s Artemis Rocket Is a Gigantic Waste of MoneyCyrus Mistry, Heir to One of India’s Oldest Fortunes, Dies at 54Bed Bath & Beyond Says CFO Died in Fall From NYC BuildingGerm
Oil prices jumped more than $1 a barrel on Monday, extending gains as investors eyed possible moves by OPEC+ producers to tweak production and support prices at a meeting later in the day. Oil prices have fallen in the past three consecutive months, after touching multi-year highs in March, on concerns that interest rate hikes and COVID-19 curbs in parts of China, the world's top crude importer, may slow global economic growth and cool oil demand. At their meeting later on Monday, the Organization of the Petroleum Exporting Countries (OPEC) and its allies, a group known as OPEC+, may decide to keep current output levels or even cut production to bolster prices, despite supplies remaining tight.
(Bloomberg) -- Oil surged on the possibility that OPEC+ may decide to trim production, and as Europe’s energy crisis worsened after the Group-of-Seven nations endorsed a plan to try to cap the price of Russian crude.Most Read from BloombergAmazon Closes, Abandons Plans for Dozens of US WarehousesNASA’s Artemis Rocket Is a Gigantic Waste of MoneyCyrus Mistry, Heir to One of India’s Oldest Fortunes, Dies at 54Bed Bath & Beyond Says CFO Died in Fall From NYC BuildingGermany to Make ‘Billions’ Off E
The group of oil producers will keep its output steady when it meets Monday, people familiar with the matter said, as Moscow maneuvers to thwart Western attempts to limit its oil revenue following its invasion of Ukraine.
Gasoline prices are at their lowest levels since March and are likely to keep falling, analysts say.
Governments in Sweden and Finland announced billions of dollars in guarantees over the weekend to keep power markets functioning.
Target-date funds may be cramping your retirement. Between July 29 and Aug. 2, lawyers representing current and past participants in six separate retirement plans filed suit against their employers and plan fiduciaries, charging that the BlackRock target-date funds in the … Continue reading → The post Are Target-Date Funds Hampering Your Retirement? Try This Instead appeared first on SmartAsset Blog.
China is a key factor in falling costs for energy and commodities, but domestic factors are still keeping U.S. inflation high.
When the Covid-19 pandemic arrived in 2020, many individuals took advantage of a federal tax break and withdrew money from their retirement accounts. If they repay the funds—which isn’t required—by next year, they’ll get another tax break, too. The Cares Act made an exception to the government’s policy of discouraging early invasions of retirement accounts by creating Coronavirus-Related Distributions, or CRDs, and imposing no restrictions on how the distributed funds could be used.
(Reuters) -Bed Bath & Beyond Inc's chief financial officer fell to his death from New York's Tribeca skyscraper known as the "Jenga" tower on Friday afternoon, police said on Sunday, days after the struggling retailer announced it was closing stores and laying off workers. Gustavo Arnal, 52, joined Bed Bath & Beyond in 2020. Police identified the man as Gustavo Arnal.
LONDON (Reuters) -European gas buyers already grappling with record-high prices face further pain when the markets open on Monday after Russia said one of its main supply pipelines to Europe would remain shut indefinitely, sparking fears over energy rationing. Lower gas flows from Russia ahead of and following its February invasion of Ukraine have already pushed up European prices by nearly 400% over the past year, sending electricity costs soaring. Europe has accused Russia of weaponising energy supplies in what Moscow has called an "economic war" with the West over the fallout from the Ukraine conflict, while Moscow blames Western sanctions and technical issues for supply disruptions.
(Bloomberg) -- European ministers will discuss special measures to rein in soaring energy costs, from natural gas price caps to a suspension of power derivatives trading, as the bloc races to respond to the deepening crisis.Most Read from BloombergAmazon Closes, Abandons Plans for Dozens of US WarehousesNASA’s Artemis Rocket Is a Gigantic Waste of MoneyCyrus Mistry, Heir to One of India’s Oldest Fortunes, Dies at 54Bed Bath & Beyond Says CFO Died in Fall From NYC BuildingGermany to Make ‘Billion
Petrol drivers continue to get a raw deal at the pumps despite record price drop in August
A federal appeals court has revived a potential class action against Burger King over its prior use of a “no-hire” clause that blocked all franchisees from hiring each other’s employees. The 11th U.S. Circuit Court of Appeals Wednesday reversed a ruling by a district court judge in Miami, who dismissed the workers’ claims that the no-hire clause was an unlawful conspiracy to suppress wages and employee turnover. The 11th Circuit said the judge erred in finding that Miami-based Burger King Worldwide, its parent companies, and its franchisees had all operated as a “single economic enterprise” that was categorically incapable of conspiring with itself.
Hiring has continued to boom despite slowing sales and recession fears as firms struggling with labor shortages have been hesitant to lay off workers.
Japan's services sector activity shrank for the first time in five months in August as a resurgence of COVID-19 infections hurt demand, a business survey showed. The contraction shows that a recovery of the world's third-largest economy remains fragile at best and is worrying at a time when the global growth outlook is turning increasingly pessimistic. The final au Jibun Bank Japan Services purchasing managers' index (PMI) dropped to a seasonally adjusted 49.5, marking the first contraction since March.
Samsung announced the breach in a brief statement late Friday, as Americans were about to start the long Labor Day holiday weekend.
Consumers in China are becoming more thrifty as the economic slowdown drags on, dragging down the once-inexorable growth of Alibaba and JD.com.
Earning extra money on the side can be easy when you know what types of opportunities to look for. If you need a side job to create extra income, read this list of viable side jobs to create your own schedule and breaking out of the 9-to-5 grind.
OPEC+ is likely to keep oil output quotas unchanged for October at a meeting on Monday, five OPEC+ sources said, although some sources would not rule out a small production cut to bolster prices that have slid due to fears of an economic slowdown. The Organization of the Petroleum Exporting Countries and allies including Russia, known as OPEC+, meets as demand faces headwinds and supply could be boosted by returning Iranian crude if Tehran secures a deal with world powers on its nuclear work. Brent crude has dropped to about $93 a barrel from $120 in June on fears of an economic slowdown and recession in the West.