Thegrille guard market is likely to record a strong CAGR of 7.2% during the forecast period. The grille guard market is currently valued at US$ 3.75 Bn in 2022 and is likely to reach US$ 7.45 Bn by 2032.
| Report Attribute | Details |
| Estimated Base Year Value (2022) | US$ 3.75 Bn |
| Anticipated Forecast Value (2032) | US$ 7.45 Bn |
| Projected Growth Rate (2022-2032) | 7.2% CAGR |
Sales of grille guards have risen due to the increased need to protect the automotive from external factors.
Increased demand for automotive accessories designed to deflect and absorb the impact to reduce the damage and protect the vehicle is also projected to contribute to the growth of the grille guard market share.
The report sheds light on the factors improving the sales of grille guard, and, in turn, the opportunities for market players. However, the grille guard market also faces some challenges, which might limit the grille guard market share from reaching its potential.
Some of the key grille guard market trends promoting the demand for grille guard is that grille guard is mount areas for auxiliary lights and wrenches.
Automotive driving, especially in rural and mountain areas involving many obstacles on the road, causes damage to the bumper, headlights, grille, and even the vehicle's radiator. To safeguard against the damage from such obstacles, the installation of grille guards by automotive end users are estimated to generate growth opportunities for the sales of grille guard.
Several driving factors inthe grille guard market include easy installation of the grille guard; some grille guards come up with side sections that protect the automotive headlight, mount the auxiliary lights and wrenches, and provide a robust aesthetic touch to the vehicle.
The grille guard is widely used in trucks and off-road vehicles to protect the front side of the vehicle from obstacles.
The increasing sales and production of trucks and off-road vehicles side anticipated bolstering the demand for grille guards shortly.
Nowadays, automotive OEMs are also installing grille guards in the original vehicle models, although product sales have been witnessed through aftermarket sales.
Owing to its sound shelf life, the replacement rate of Grille Guards is expected to be at a moderate level, yet the addition of a new vehicle fleet on the road will offset any restraints to the sales of grille guards.
In North America, the increasing production of commercial vehicles and the growing adoption rate of off-road vehicles are expected to drive thesales of grille guards in a positive outlook.
South Asia and East Asia are expected to be emerging regions for the global grille guard market, owing to increasing globalization and industrialization activities in the respective regions.
In Europe, the European Union Directive decides the design specifications and standards, which is estimated to hamper thedemand for grille guards in the European nations.
In Australia, the accident rate due to kangaroo collisions is high. To protect the vehicle from the kangaroo collision, end consumers are expected to create the requirement for a grille guard.
The Middle East and Africa region are expected to witness stringent growth in the sales of grille guard over the next few years.
The key players of thegrille guardmarket are focusing on enhancing and adopting strategies like enhancing the durability, sizes and its use to thrive business. This is driving the sales of grille guard.
These market players are anticipated to drive the grille guardmarket by introducing new products and expanding geographically.
| Report Attribute | Details |
| Growth Rate | CAGR of 7.2% from 2022 to 2032 |
| Base year for estimation | 2022 |
| Historical data | 2015 – 2021 |
| Forecast period | 2023 – 2032 |
| Quantitative units | Revenue in USD billion, volume in kilotons, and CAGR from 2022 to 2032 |
| Report coverage | Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis |
| Segments covered | Material type, Diameter, Sterilization technology, Distribution channel, Region |
| Regional scope | North America; Latin America; Europe; Middle East and; Africa (MEA); East Asia; South Asia; Oceania |
| Country scope | U.S., Canada, Mexico, Brazil, Argentina, Chile, Peru, Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe, India, Thailand, Indonesia, Malaysia, Rest of South Asia, China, Japan, South Korea, Australia & New Zealand, GCC Countries, South Africa, Turkey, Iran, Israel |
| Key companies profiled | CURT Manufacturing LLC, Onki Corporation, Armordillo USA, Go Rhino, SteelCraft, Tuff-Bar, Frontier Truck Gear, Broadfeet, Luverne |
| Customization scope | Free report customization (equivalent to up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. |
The grille guard market grows at a rate of 7.2% CAGR during the forecast period 2022 to 2032.
Key players holding a substantial grille guard market share include CURT Manufacturing LLC, Onki Corporation, Armordillo USA, Go Rhino, SteelCraft, Tuff-Bar, Frontier Truck Gear, Broadfeet, Luverne
Demand for grille guard is likely to rise on the back of increased demand for automotive accessories designed to deflect and absorb the impact to reduce the damage and protect the vehicle are also projected to contribute to the growth of the grille guard market share.
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