Automotive Sunroof Market Overview
The global Automotive Sunroof Market was worth US$ xx million in 2020, and it is estimated to reach a valuation of US$ xx million by the end of 2025, expanding at a robust CAGR.
The Automotive Sunroof provides fresh air, cool breezes, and perfect visibility to improve your driving experience. The sunroof allows light and sunlight in the vehicle, which gives the passenger cabin of the car a satisfactory atmosphere. The sunroof illuminates the interior of the car with natural light. There are several types of sunroofs available, such as pop type, spoiler type, and a panoramic sunroof. Pop-type sunroofs must be operated manually by opening or tilting the panel partially, or this type of sunroof is economical and can be installed in other types of vehicles. Most car manufacturers offer an optional panoramic sunroof for various vehicle segments. Panoramic sunroofs provide a full field of vision. It is designed to cover a larger roof area than a standard sunroof. The open sunroof offers fresh air and sunlight in both the front and rear seats. The main advantage of the panoramic sunroof is to increase the resale value of the vehicle.
Automotive Sunroof Market Recent Developments
A modern Australian company is offering a broad, full-panel double-glazed panoramic sunroof for the next hatchback i30.
Audi has announced that it has worked with Alta Devices, a subsidiary of the Chinese solar company Hanergy, to install thin-film solar cells on the glass roof.
In May 2016, Inteva Products opened a new manufacturing plant in Oradea, Romania. The company is the second manufacturing plant dedicated to supplying solar roof systems to European customers.
In September 2017, the Webasto Group developed a new convertible loop system for two Mercedes-AMG models: GT and GT C Roadster.
Automotive Sunroof Market Growth
The demand for automobile sunroofs is increasing as consumer preferences change to better driving experiences.
Automotive Sunroof Market Drivers
The growing trend among car manufacturers who want to offer Automotive Sunroof with most of the optional features of passenger cars is also one of the main trends that will help market growth. The market is expected to be energized by the growing production and sales of premium and luxury cars. Automotive manufacturers and suppliers are working collaboratively to improve the safety factor of the various systems implemented in the vehicle. Automotive Sunroof manufacturers have also integrated rain sensors into these systems. As a result, the Automotive Sunroof can close automatically as soon as it rains. These innovations are foreseen to drive market growth during the forecast period. At first, the sunroof was limited to luxury cars. However, they have gained considerable popularity due to their ability to maintain optimal levels of sunlight, better visibility inside the vehicle and, finally, improve the driving experience. In addition, teenagers found that the sunroof was particularly attractive. This forced car manufacturers to install sunroofs in other sectors as well.
Automotive Sunroof Market Restraints
However, sunroofs have some drawbacks. Sunroofs are expensive to integrate and costly to repair in case of failure. Increase weight, reduce headroom and prevent the laminar flow of cars. Also, regular maintenance is required. These factors are acting as obstacles to the rapid growth of the global automotive sunroof market.
Automotive Sunroof Market Segmentation
In terms of the type of sunroof, the Automotive Sunroof Market can be divided into pop type, spoiler type, panorama type, etc. The panorama type segment will expand rapidly during the forecast period compared to other parts. Panoramic sunroofs offer several benefits, such as better visibility and driving comfort and higher resale value of the vehicle, which is likely to lead the entire market of car roofs during the forecast period. The built-in sunroof adds aesthetic value to the car by offering innovative design and high-quality manufacturing.
By types of materials used to manufacture automotive sunroofs, glass is considered a valuable material. The glass provides better visibility and a better view of the surroundings of the vehicle, improves the overall appearance of the car and prevents the entry of ultraviolet rays. Therefore, it is estimated that the glass segment will be extended during the forecast period.
By the type of vehicles, the global Automotive Sunroof Market can be divided into passenger cars and commercial vehicles. The passenger car sector dominated the sunroof market. The market is anticipated to dominate during the forecast period. Several factors support the growth of passenger car sales worldwide, including rapid urbanization, increased per capita income and lower bank interest rates. Consumers' preference for premium vehicles and SUVs and the increased production of passenger cars worldwide are supposed to lead the automotive sunroofs market during the forecast period.
Automotive Sunroof Market Regional Analysis
By region, the global automotive sunroof market is divided into North America, Europe, Asia Pacific, the Middle East, Africa, and Latin America. The geographical analysis is carried out on the basis of production trends, political reforms, regulatory changes, and social demand. Europe dominates the global Automotive Sunroof Market due to the presence of renowned automotive industries in Germany, the United Kingdom, and France. As the production of vehicles in the region continues to increase, the market for Automotive Sunroof Market is likely to be activated in the near future.
The increase in production and sales of premium vehicles and SUVs are the driving force behind the German market. Germany's market share is expected to remain high during the forecast period. It is likely that the increasing emphasis on the overall appearance of the consumer vehicle, the increase in travel and the strong demand for comfortable driving by consumers will drive the global Automotive Sunroof market during the forecast period. The market for sunroofs for automobiles in the Asia-Pacific region is expanding rapidly due to the increase in production and sales of passenger cars and the preference for sunroofs in the generation of young people in this region.
Automotive Sunroof Market Leading Company
Ford, Toyota, and Chevrolet are famous SUV brands that influence car sales in the world market. Inteva products have opened new facilities in Romania and China. The company also moved its facilities to Solingen, Germany. Inteva opened new manufacturing facilities in China and Korea and acquired the ArvinMeritor body systems business.
Automotive Sunroof Market Key Players
The main players in the global Automotive Sunroof Market include Inalfa Roof Systems Group BV, Aisin Seiki Co., Ltd., Magna International Inc. Inteva Products, Webasto, Meritor, Inc., BOS Group, Yachiyo Industry Co., Ltd ., Intensa, Signature Automotive Products, Johnan Manufacturing Inc., Whitehall Industries, ADVANTECH PLASTICS LLC, Mitsuba Corp., Hyundai Mobis, Arkal Automotive, and VUTEQ CORPORATION
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Automotive Sunroof Market, By Type
6.1.1 Pop-up Type
6.1.2 Spoiler Type
6.1.3 Panoramic Sunroof
6.1.4 Inbuilt Sunroof
6.1.5 Foldable Sunroof
6.1.6 Market Size Estimations & Forecasts (2019-2024)
6.1.7 Y-o-Y Growth Rate Analysis
6.1.8 Market Attractiveness Index
6.2 Automotive Sunroof Market, By Material
6.2.3 Market Size Estimations & Forecasts (2019-2024)
6.2.4 Y-o-Y Growth Rate Analysis
6.2.5 Market Attractiveness Index
6.3 Automotive Sunroof Market, By Vehicle Type
6.3.3 Market Size Estimations & Forecasts (2019-2024)
6.3.4 Y-o-Y Growth Rate Analysis
6.3.5 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.2 By Type
7.2.3 By Material
7.2.4 By Vehicle Type
7.3.1 By Country
18.104.22.168 Rest of Europe
7.3.2 By Type
7.3.3 By Material
7.3.4 By Vehicle Type
7.4 Asia Pacific
7.4.1 By Country
22.214.171.124 South Korea
126.96.36.199 South East Asia
188.8.131.52 Australia & NZ
184.108.40.206 Rest of Asia-Pacific
7.4.2 By Type
7.4.3 By Material
7.4.4 By Vehicle Type
7.5 Latin America
7.5.1 By Country
220.127.116.11 Rest of Latin America
7.5.2 By Type
7.5.3 By Material
7.5.4 By Vehicle Type
7.6 Middle East and Africa
7.6.1 By Country
18.104.22.168 Middle East
7.6.2 By Type
7.6.3 By Material
7.6.4 By Vehicle Type
8. Key Player Analysis
8.1 Inalfa Roof Systems Group
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Aisin Seiki Co., Ltd
8.3 Magna International Inc
8.4 Inteva Products
8.6 Meritor, Inc.
8.7 BOS Group
8.8 Yachiyo Industry Co., Ltd
8.9 Signature Automotive Products
8.10 Johnan Manufacturing Inc
8.11 Whitehall Industries
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures