The global Automotive Sunroof market size is expected to be worth around US$ 20.12 billion by 2030, according to a new report by Trends Market Research.
The global Automotive Sunroof market size was valued at US$ 10.2 billion in 2020 and is anticipated to grow at a CAGR of 10.9% during forecast period 2021 to 2030.
Growth Factors
the sunroof feature was limited only to luxury vehicles. However, its growing popularity among consumers prompted several automakers to consider it as a differentiating feature. Rising popularity of sunroof feature coupled with continual advancements in glass technology is anticipated to provide a significant boost to the market.
Demand for convertible cars has been plummeting since the past few years owing to factors such as lesser agility and safety and higher costs as compared to hardtop vehicles. When it comes to hardtop vehicles, demand for sport utility vehicles (SUVs) has been rising tremendously owing to benefits they offer, such as improved stability and safety coupled with better utility. Furthermore, SUVs are increasingly being fitted with sunroofs. This shift in consumer preference is estimated to boost the demand for glass sunroof systems.
Report Highlights
On the basis of the product type, the market has been segmented into glass and fabric. The glass sunroof segment held the leading share in the market in 2020 and it is poised to expand at a phenomenal CAGR over the forecast period. The growth of the segment can be attributed to advancements in technology, which have made it possible to manufacture various types of glasses, such as tempered glass, laminated glass, and glass that can protect from ultraviolet rays.
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Premium & luxury-segment vehicles dominated the market in 2020, and the segment is projected to reach USD 10.6 billion by 2030. The segment is expected to continue dominating the automotive sunroof market over the forecast period owing to rising spending power of consumers.
The demand for hatchback automobiles is rising, particularly in emerging economies, such as India and China. As a result, the mid-segment vehicles segment is rapidly catching up with the premium & luxury-segment vehicles segment.
Asia Pacific is estimated to hold the largest share by 2030. Demand for premium vehicles in emerging economies, such as India and China, is surging in line with rising disposable incomes of the populace. At the same time, automobile production in the region is increasing as automakers are investing aggressively to expand their production capacity.
Key Players
Webasto Group; Inalfa Roof Systems Group B.V.; Inteva Products; Magna International Inc.; AISIN SEIKI Co., Ltd.; Yachiyo Industry Co., Ltd.; and CIE Automotive
Market Segmentation
Product Type
Glass sunroof
Fabric sunroof
Vehicle Type
Mid-segment vehicles
Premium & luxury-segment vehicles
Regional
North America
The U.S.
Canada
Europe
Germany
The U.K.
Asia Pacific
China
India
Japan
South America
Brazil
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The Automotive Sunroof market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Automotive Sunroof market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Automotive Sunroof market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Automotive Sunroof market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Automotive Sunroof market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Automotive Sunroof capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Automotive Sunroof by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Automotive Sunroof market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Automotive Sunroof market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Automotive Sunroof market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Automotive Sunroof industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
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Automotive Sunroof market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Automotive Sunroof market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Automotive Sunroof market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Automotive Sunroof market. These factors have benefited the growth of the global market for Automotive Sunroof. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.