Global Automotive Sunroof Market Size, Sector / Industry Report & Analysis, 2018-2025 (Includes Business Impact of COVID-19)

                                          
Abstract, Snapshot, Market Analysis & Market Definition: Global Automotive Sunroof Market


The global automotive sunroof market size was valued at USD 6.2 billion in 2016. It is expected to expand at a CAGR of 6.9% over the forecast period. The demand for automotive sunroofs is increasing in line with shifting consumer preference towards enhanced driving experience. Growing trend among automakers to offer automotive sunroofs as an optional feature in majority of passenger cars is also one of the key trends benefiting the growth of the market. Rising automobile production and spiraling sales of premium & luxury vehicles are anticipated to provide a fillip to the market.
 
Automakers and vendors are jointly trying to improve safety factors of various systems implemented in automobiles. For instance, Hyundai Mobis introduced a panorama sunroof airbag system, the first of its kind in the world, which can prevent passengers from getting thrown out of the automobile through the roof in event of an accident or a rollover. Automakers have also managed to integrate rain sensors within these systems. As a result, automotive sunroofs can be closed automatically as soon as it starts raining. Such innovations are estimated to bolster the growth of the market over the forecast period.
Initially, sunroofs were limited only to luxurious cars. However, they got immensely popular owing to their ability to maintain optimum levels of sunlight and ensure better visibilitywithin the automobile, and eventually enhance the driving experience. Besides, the youth particularly found sunroofs appealing. This prompted automaker to install sunroofs in other segments as well.
However, sunroofs have several drawbacks. Sunroofs are highly costly to integrate and expensive to repair in case of a failure. They add extra weight, reduce the headroom, and obstruct the laminar airflow over the automobile. They also require regular maintenance. These factors are acting as roadblocks for rapid growth of the market.

Market Segmentation, Outlook & Viewpoint: Global Automotive Sunroof Market




Product Type Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025)

Glass sunroof

Fabric sunroof


Vehicle Type Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025)

Mid-segment vehicles

Premium & luxury-segment vehicles


Key Players, Recent Developments & Regional Insights: Global Automotive Sunroof Market


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 2016 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.
Unlike fabric sunroofs found commonly on convertible automobiles, glass sunroofs offer the flexibility to better control natural light and enjoy natural air ventilation instead of car’s air conditioner. Owing to such benefits, the segment will continue to dominate the market until 2025.
On the contrary, demand for fabric types is likely to plummet over the coming years in line with dwindling sales of convertible automobiles.
Vehicle Type Insights
Premium & luxury-segment vehicles dominated the market in 2016, and the segment is projected to reach USD 6.6 billion by 2025. 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. Furthermore, with increasing demand for comfort and convenience features, OEMs are trying hard to differentiate themselves from their competitors. As a result, the market size of the mid-segment vehicles is anticipated to expand at the highest CAGR over the forecast period.

Regional Insights
Asia Pacific is estimated to hold the largest share by 2025. 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.
Europe accounted for approximately 26% of the global passenger car production in 2016. The region is home to leading luxury carmakers, such as Daimler AG, BMW AG, and AUDI AG. All these vendors are also at the forefront when it comes to technological innovations. For instance, Audi AG of Germany has reportedly launched a prototype glass roof system with integrated solar cells. All such developments are poised to bode well for the European market.
Automotive Sunroof Market Share Insights
Automotive sunroofs are being offered as an optional feature at present. Thus, the number of market players dominating the market is currently limited. Webasto Group; Inalfa Roof Systems Group B.V.; Inteva Products; Magna International Inc.; AISIN SEIKI Co., Ltd.; Yachiyo Industry Co., Ltd.; and CIE Automotive are some of the leading companies operating in the market.
The majority of market players are focusing on production capacity and product portfolio expansion. For instance, in May 2016, Inteva Products opened a new manufacturing facility in Oradea, Romania. This is company’s second manufacturing plant, and has been dedicated to supply sunroof systems to its European customers. Similarly, in September 2017, Webasto Group developed a new convertible roof system for two Mercedes-AMG models, GT and GT C Roadster.

Key Insights Covered: Global Automotive Sunroof Market
1.  North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Automotive Sunroof industry.
2. Global major manufacturers' operating situation (sales, revenue, growth rate and gross margin) of Automotive Sunroof industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Automotive Sunroof industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Automotive Sunroof industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Automotive Sunroof industry.

Research Methodology: Global Automotive Sunroof Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other