A recent report published by Infinium Global Research on automotive sunroof market provides in-depth analysis of segments and sub-segments in the global as well as regional automotive sunroof market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional automotive sunroof market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global automotive sunroof market. According to the report, the global automotive sunroof market is projected to grow at a CAGR of 9.79% over the forecast period of 2019-2025.
The majority of the automobile manufacturers provide sunroof in the higher-end variants of their cars. Sunroof allows light and fresh air to enter the interior of the vehicle. Almost all the automobile brands including Volkswagen, Ford, Toyota, Hyundai, Kia, and others have sunroofs on their cars. Leading automobile component manufacturers including Magna International Inc., Aisin Seiki Co., Ltd., Inteva Products, LLC, Signature Automotive Products, LLC, and others have their automotive sunroofs available in the market.
The rise in the population led to an increase in the demand for transportation. This has augmented the sale of cars worldwide, which is the major driving factor for the growth of the automotive sunroof market. Moreover, increasing disposable income of the population has led to the better lifestyle of the people which also includes the adoption of premium cars with better aesthetics. This, in turn, boosts the growth of the automotive sunroof market. Furthermore, rising technological advancements in the automobile industry increase the demand for better comfort and safety features. The integration of sunroof improves the aesthetics of the car and provide comfort to the driver and passengers in the vehicle, which has propelled the growth of the automotive sunroof market. However, the integration and maintenance cost of the sunroof is high, which is expected to hamper the growth of the automotive sunroof market. Nonetheless, growing innovations in glass technology are expected to offer better business opportunities to the players in the market.
Among the regions, Asia-Pacific generated the highest revenue from the automotive sunroof, dominating the global market. The highest market share of the Asia-Pacific region in the automotive sunroof market attributed to increasing in the per capita income of the population, low-interest rates on car loans and growing economic stability in the developing countries such as China, India, and Japan. Moreover, the production of cars in the Asia-Pacific region is anticipated to boost the automotive sunroof market in this region. Europe held the second largest share in the global automotive sunroof market following Asia-Pacific. The significant share of Europe in the market attributes to the presence of major key players in the region and the high disposable income of the population.
The report on global automotive sunroof market covers segments such as material, product type, and vehicle type. On the basis of material, the sub-markets include glass, and fabric. On the basis of product type, the sub-markets include panoramic, built-in sunroof, top mount/spoiler sunroof, pop-up, and folding. On the basis of vehicle type, the sub-markets include hatchback, sedan, and sports utility vehicle.
The report provides profiles of the companies in the market such as Aisin Seiki Co., Ltd., Inalfa Roof Systems Group B.V., Webasto SE, Inteva Products, LLC, Yachiyo Industry Co., Ltd., Magna International Inc., BOS GmbH & Co. KG, CIE Automotive, Signature Automotive Products, LLC, Johnan Manufacturing Inc., and Other Companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of automotive sunroof market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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