The global automotive sunroof market size is expected to reach USD 11.12 billion by 2025,
according to a new study by Grand View Research, Inc., expanding at a CAGR of
6.9% during the forecast period. Initially, 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.
Development of glass materials that can
safeguard against ultra-violet (UV) rays has allowed automakers to introduce
wider glass sunroof systems. Given that glass sunroof systems are now occupying
a larger section of roof’s surface, they are allowing more light that is
natural, thereby better illuminating the interiors of the automobiles and
augmenting level of comfort for passengers. However, concerns regarding glass
shattering in events of rollovers or accidents are poised to hinder the growth
of the market.
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https://www.grandviewresearch.com/industry-analysis/automotive-sunroof-market
Further key findings from the study suggest:
· The glass sunroof segment dominated the
market in 2016 owing to growing popularity of panoramic sunroofs. The segment
is likely to command about 87.0% of the overall revenue by 2025.
· While sunroof systems can enhance the
aesthetic factor of automobiles, innovations such as solar sunroof systems can
open opportunities to harness renewable energy and reduce carbon footprints of
automobiles. Such innovations are projected to shape the future of the market
· Sunroofs are being gradually offered in the
mid-segment vehicles as an optional feature. The market for mid-segment
vehicles is expected to progress at a CAGR of 7.0% during the forecast period.
· Asia Pacific is expected to witness the
highest CAGR of 7.8% during the same period. Rising automobile production and
increasing demand for premium and luxury vehicles are contributing to the
growth of the region.
· Webasto Group; Inalfa Roof Systems Group
B.V.; Inteva Products; Magna International Inc.; and AISIN SEIKI Co., Ltd. are
some of the leading market players in the automotive sunroof market.
Grand View Research has segmented the
global automotive sunroof market based on product types, vehicle types, and
regions:
Automotive Sunroof Product Type Outlook
(Revenue, USD Million, 2014 - 2025)
·
Glass sunroof
·
Fabric sunroof
Automotive Sunroof Vehicle Type Outlook
(Revenue, USD Million, 2014 - 2025)
·
Mid-segment vehicles
·
Premium & luxury-segment vehicles
Automotive Sunroof Regional Outlook
(Revenue, USD Million, 2014 - 2025)
·
North America
o
U.S.
o
Canada
·
Europe
o
Germany
o
U.K.
·
Asia Pacific
o
China
o
India
o
Japan
·
South America
o
Brazil
Access Press Release of Automotive Sunroof Market@ https://www.grandviewresearch.com/press-release/global-automotive-sunroof-market
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research
reports, customized research reports, and consulting services. To help
clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For More Information: www.grandviewresearch.com
