According to the research report titled ‘Global Automotive Sunroof Market Size study, by Material Type (Fabric, Glass), by Vehicle Type (Gasoline powered vehicle, Electric powered vehicle) and Regional Forecasts 2020-2027’ available with Market Study Report, global automotive sunroof market was worth USD 7.6 billion in the year 2019 and is estimated to register a CAGR of 7% during 2020-2027.
 

Industry experts claim that increasing production of passenger vehicles, escalating demand for passenger safety & comfort, and rising adoption of sunroofs among OEMs (original equipment manufacturers) in mid-segment cars are augmenting the growth of global automotive sunroof market.
 

In fact, as per OICA (International Organization of Motor Vehicle Manufacturers), global production of passenger vehicles was recorded at 65.1 million in the year 2013, which then grew to 67.1 million units in 2019.
 

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For the record, automotive sunroofs are movable panels that are used to uncover a window on the roof of a vehicle for the air circulation and entrance of sunlight. They are operated electrically or manually and are available in different sizes and styles depending on the vehicle type.
 

The outbreak of the COVID-19 pandemic has adversely affected the production volume of premium as well as passenger cars, which in turn has hampered the demand for automotive sunroofs in the automotive vertical. Moreover, high costs associated with the maintenance as well as installation are hampering the growth of global automotive sunroof market size during the analysis timeframe.
 

Based on material type, global automotive sunroof market is split into glass and fabric. With regards to vehicle type, the market is bifurcated into electric powered vehicles and gasoline powered vehicles.
 

From a regional frame of reference, Asia-Pacific accounts for a majority of the global automotive sunroof market shares and is projected to exhibit the highest CAGR over 2020-2027. Factors such as rapid urbanization, escalating demand for premium cars as well as sports utility vehicles (SUVs) and increasing production of passenger vehicles are emerging as lucrative opportunities for the remuneration of the regional market.
 

Key participants of global automotive sunroof market are Yachiyo Industry Co., Ltd., BOS GmbH & Co. KG, American Sunroof Corporation, Magna International Inc., Johnan America Inc, CIE Automotive, S.A., Inalfa Roof Systems Group B.V., Inteva Products, LLC, Webasto Roof Systems, Inc., and Aisin Seiki Co., Ltd.