Automotive Sunroof Market Overview:
The global Automotive Sunroof Market is ascending continually. The
market growth attributes to the rising developments of advanced and diversified
technologies, creating exciting opportunities in the automotive industry.
Luxury cars sales and vehicle owning capacity worldwide have been growing
continually with the rising economic growth.
The growing production of
customized sunroofs tracks is a major trend, creating substantial market
demand. The demand for sunroof witnessed a spike over the past few years,
garnering popularity, especially among youngsters. With the ever-increasing
demand for innovative sunroof solutions increasing with rising automobile
production, the market value is expected to escalate constantly during the
years to come.
According to Market Research
Future (MRFR), the global Automotive Sunroof Market is estimated to witness a
colossal upsurge by 2032, growing at an impressive CAGR during the forecast
period (2024 – 2032). Increasing consumer preference for alternative fuel
vehicles, such as hybrid power and solar power, influences Automotive Sunroof
Market size due to rising fuel prices.
Additionally, rising developments
of sunroofs with built-in solar cells that can power vehicles push market
revenues. Growing technological upgrades and increasing demand for luxury cars
foster market growth, bringing about customized parts designed per customer
requirements. Rapid industrialization worldwide escalates the demand for
sunroofs.
Get a free sample report of Automotive
Sunroof Market Overview
Moreover, significant
developments in component materials combined with increasing factory-installed
sunroofs positively impact the market demand. Increasing research and
development initiatives by industry players to shift production plants to
advantageous locations for short-distance supply reducing the overall costs,
substantiates market growth.
Global Automotive Sunroof Market - Segments
The report is segmented into
type, application, sales channel, and region. The type segment is bifurcated
into spoiler sunroofs, inbuilt sunroofs, pop-up sunroofs, panoramic sunroofs,
and others.
The application segment is
sub-segmented bifurcated into Sedan, SUV, Hatchback, and others. Similarly, the
sales channel segment is bifurcated into Aftermarkets and OEMs. The region
segment is bifurcated into Asia Pacific, Americas, Europe, and
rest-of-the-world.
Global Automotive Sunroof Market - Regional Analysis
Europe dominates the global Automotive
Sunroof Market. The largest market share is attributed to several notable
players and the rising consumer preference for installing automotive
sunroofs.
Germany holds the largest market
share followed by the U.K. and France, owing to its leading automakers and
smart technologies. The European Automotive Sunroof Market is projected to
retain its dominance throughout the estimated period.
Global Automotive Sunroof Market - Competitive
Analysis
Highly competitive, the Automotive
Sunroof Market looks fragmented with the presence of several well-established
and notable players. Matured market players incorporate strategic initiatives
such as acquisition, collaboration, expansion, and technology launch to gain a
competitive advantage.
Major Players:
Players leading the global Automotive
Sunroof Market include Inalfa Roof Systems (Netherlands), Webasto (U.S.),
Inteva (U.S.), Aisin Seiki (Japan), Magna International (Canada), Nippon Sheet
Glass Co., Ltd (Japan), Yachiyo Industry Company Ltd. (Japan), Automotive
Sunroof Company (Canada), BOS (Germany), and Preh IMA Automation (PIA)
Evansville (U.S.), among others.
Industry/
Innovation/ Related News:
Sep.03, 2021
---- BASF announced the development of a new automotive
panoramic roof - Ultradur PBT, which has been jointly developed with Grupo
Antolin (Spain), a Tier I automotive supplier. The new automotive sunroof frame
is made with 60% lighter material than traditional solutions, and it is
expected to replace steel in the structural bracket of sunroof headliners. The
newly developed panorama roof would meet the increasing demand for panoramic
roofs and reduce the weight of all automotive components to minimize CO2
emissions.
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