A car sunroof is an opening in the top of the car that lets fresh air and light into the car. Sunroofs are actually or electrically worked and come in various sizes, shapes, and styles depending upon the sort of vehicle. They increment the solace level for travelers by giving better air course and predominant splendor and lighting during the day. Original equipment makers (OEMs) started offering modest all-encompassing sunroofs or discretionary sunroof frameworks and other little spoiler-style sunroofs for mid-portion vehicles, notwithstanding luxury or very good quality vehicles.
The global car sunroof market is relied upon to post a CAGR of over 9% during the conjecture time frame of 2022 - 2027. A sunroof is regularly observed as an extra component in vehicles, which is accessible in either fixed or practical openings (ventilation or sliding) in the top of a vehicle. The sunroof, as an element of vehicles, was introduced in 1932, when Mercedes Benz offered the principal vehicle sunroof. Europe accounted for the dominant share in the global car sunroof market while the Asia Pacific is predicted to record the highest development rate in this market in the coming years.
COVID-19 can influence the worldwide economy by straightforwardly influencing manufacture and request, by interrupting supply chain, and by its budgetary effect on firms and money related businesses.
Continuous vulnerabilities will sharply affect the mobility division. Customer traffic in physical showrooms is relied upon to plunge with an up to 20% drop in new vehicle deals in 2020. Mutual mobility has endured the biggest shot, with a 50-55% drop in business. Interest for vehicle adjusting and parts, momentary vehicle rentals, and shared mobility administrations will fade steeply. Irritating the circumstance is a previously debilitated customer request because of a drop in the private venture and a financial emergency, making it hard to get to credit. Generally speaking, vehicle deals are foreseen to keep dropping in 2021, with the car business expected to recuperate by 2022. The ongoing reaction against Chinese assembling could introduce an open door for nations like India, particularly as an elective supply chain market for gadgets assembling and auto segments.
Drivers and Restraints of Car Sunroof Market:
Automobile manufacturers and suppliers are jointly trying to improve the safety factors of various systems implemented in automobiles. Automakers have also managed to integrate rain sensors into these systems. As a result, sunroofs on cars can be closed automatically as soon as it starts to rain. These innovations are expected to support market growth during the foreseen period. Moon roofs were initially limited to luxury cars. However, they have become extremely popular due to their ability to maintain optimal sunlight levels and provide better in-car visibility and ultimately enhance the driving experience. In addition, the young people found the sunroofs especially attractive. This prompted the automaker to install sunroofs in other segments as well.
However, sunroofs have several drawbacks. Sunroofs are very expensive to integrate and costly to repair in the event of failure. They add extra weight, reduce headroom, and obstruct laminar airflow over the ar. They also require regular maintenance. These factors act as obstacles to the rapid growth of the market.
By Product type:
Glass sunroofs accounted for a significant portion of car sunroof market revenue during the review period. This can be attributed to advancements in glass technology that provides superior protection against UV rays. In addition, a wide range of glasses such as laminated glass and tempered glass with higher shatter and scratch resistance offer positive prospects for the expansion of the industry.
The fabric sunroof will represent a significant portion of the market size during the outlook period. In addition, the improved protection offered by glass sunroofs, as well as the increase in convertible sales, further limit the expansion of the fabric sunroof market.
By Vehicle type:
In recent years, consumers have turned to motorized vehicles because these vehicles have luxurious features, such as the sunroof and Advanced Driver Assistance System (ADAS), and are technologically advanced compared to traditional vehicles. For example, Australian company Hyundai offered excellent full-length dual-panel panoramic sunroof features to its next hatchback model, the i30. This sunroof provides users with a power slide and tilt front panel with a luxurious look. These advanced features at an affordable price are likely to create many opportunities for market expansion.
Car Sunroof Market Region wise analysis:
Marked Segmentation based on the region:
a. Middle East
The European car sunroof market accounted for a significant part of revenue in 2018. This can be attributed to the presence of major car manufacturers such as BMW AG, Audi AG and Daimler AG, among others, in the region. These manufacturers continually invest in R&D to integrate the solar sunroof into their cars to improve the efficiency of electric vehicles. For example, in August 2017, Audi AG announced the installation of glass sunroofs with solar cells, which enabled the company to offer improved charging capabilities to improve car battery efficiency. Asia-Pacific will experience the highest growth in its market share due to increased sales of premium vehicles in countries such as China, India, Thailand and Japan. In addition, the governments of emerging countries such as South Korea, Thailand and India are offering incentives to automakers to increase their car production. Furthermore, foreign direct investment for the establishment of new manufacturing plants in the area stimulates regional growth during the outlook period.
Key Players of Market:
The major players operating in the global automotive sunroof market include Aisin Seiki Co., Ltd., Inalfa Roof Systems Group B.V., Webasto Roof Systems, Inc., Inteva Products, LLC., Johnan America, Inc., Yachiyo Industry Co., Ltd., CIE Automotive, BOS GmbH & Co. KG, Automotive Sunroof Company, Inc., and Magna International, Inc.
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 Car Sunroof Market, By Product Type
6.1.1 Glass Sunroof
6.1.2 Fabric Sunroof
6.1.3 Market Size Estimations & Forecasts (2022 - 2027)
6.1.4 Y-o-Y Growth Rate Analysis
6.1.5 Market Attractiveness Index
6.2 Car Sunroof Market, By Vehicle Type
6.2.1 Mid Segment Vehicles
6.2.2 Premium and Luxury Segment Vehicles
6.2.3 Market Size Estimations & Forecasts (2022 - 2027)
6.2.4 Y-o-Y Growth Rate Analysis
6.2.5 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 Product Type
7.2.3 By Vehicle Type
7.3.1 By Country
188.8.131.52 Rest of Europe
7.3.2 By Product Type
7.3.3 By Vehicle Type
7.4 Asia Pacific
7.4.1 By Country
184.108.40.206 South Korea
220.127.116.11 South East Asia
18.104.22.168 Australia & NZ
22.214.171.124 Rest of Asia-Pacific
7.4.2 By Product Type
7.4.3 By Vehicle Type
7.5 Latin America
7.5.1 By Country
126.96.36.199 Rest of Latin America
7.5.2 By Product Type
7.5.3 By Vehicle Type
7.6 Middle East and Africa
7.6.1 By Country
188.8.131.52 Middle East
7.6.2 By Product Type
7.6.3 By Vehicle Type
8. Key Player Analysis
8.1 Aisin Seiki Co.
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Inalfa Roof Systems Group B.V
8.3 Webasto Roof Systems, Inc
8.4 Inteva Products, LLC
8.5 Johnan America, Inc
8.6 Yachiyo Industry Co., Ltd
8.7 CIE Automotive
8.8 BOS GmbH & Co. KG
8.9 Automotive Sunroof Company, Inc
8.10 Magna International, Inc
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures
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