February 25, 2020
According to the latest study titled ‘Automotive Sunroof Market Size By Material (Glass, Fabric), By Product (Panoramic Sunroof, Built-in, Top Mount/Spoiler, Pop-up, Folding), By Operation (Manually Operated, Automatic), By Distribution Channel (OEM, Aftermarket) Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Russia, Spain, Poland, Sweden, China, India, Japan, Australia, South Korea, Thailand, Mexico, Brazil, Argentina, Saudi Arabia, UAE, Iran, South Africa), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025’ available with Market Study Report LLC, the global automotive sunroof market is slated to grow substantially during 2019-2025.
Increasing demand for passenger vehicles across the globe in tandem with consumer inclination towards vehicles with enhanced aesthetics and technologically advanced features is fueling the growth of automotive sunroof market. Advancement in glass technologies along with increasing adoption of scratch resistant and unbreakable glass are other major drivers facilitating the industry outlook.
Inflowing investments towards R&D of advanced automotive safety features along with innovations such as panoramic sunroof airbag systems which offer improved passenger safety in case of a crash will foster the market growth. Increasing implementation of sensors and components for aiding automatic sunroof operations such as automatic closing of sunroof upon rain detection will present new growth opportunities in the coming years.
Rising sales of electric vehicles is encouraging automobile manufacturers to integrate solar panels and charging features in sunroofs for improved vehicle driving range and reduced charging time. This factor coupled with advanced protection from UV rays and suitable glass tinting will positively impact the business landscape. On the contrary, high cost associated with sunroof fitting, and issues like leaking, rattling noise of sunroofs, and routine maintenance will hamper the growth of automotive sunroof market during the forecast period.
Based on the material, glass segment is anticipated to witness significant growth over the forecast timeline. Availability of broad array of glass sunroofs with increasing affordability is fueling the segment growth. In addition, growing demand for tempered and laminated glass on account of benefits including superior UV protection and optimal car interior temperature is augmenting the demand for glass sunroofs.
Elaborating on the product type, panoramic sunroof segment is presumed to hold significant share of automotive sunroof market during the analysis period. The segment growth can be attributed to increasing adoption of these sunroofs in premium and high-end vehicles.
In terms of operation, manually operated automotive sunroof market segment is projected to grow substantially in the forthcoming years, owing to lower cost of acquisition and installation of these sunroofs. Absence of motors and electric components, low maintenance, and ease of use are other rationales favoring the segment growth.
Speaking of the distribution channel, automotive sunroof market from OEM segment is anticipated to account for majority share during 2019-2025. The growth can be attributed to retrofitting and upgradation of existing vehicles with sunroofs, in conjunction with the rising trend of integrating high end features across mid and lower range automobiles.
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Considering the geographical landscape, automotive sunroof market in Asia Pacific is slated to grow momentously through 2025, owing the presence of major automobile and sunroof manufacturers in the region. Growing availability of vehicles with premium features at varied price ranges will foster the regional market growth in the years to come.
Some of the major players of automotive sunroof market include CIE Automotive, Valmet Automotive, Magna International, Inc., Inalfa Roof Systems B.V., Webasto SE, and Aisin Seiki Co., Ltd. among others.
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