Automotive Sunroof Market 2021 | Global Industry Development, Trends and Forecast to 2026
The global automotive sunroof market size will expand gradually because of rising innovation in glass technology. This information is published by, Fortune Business Insights, in its latest report, titled “Automotive Sunroof Market Size, Share & Industry Analysis, By Material Type (Glass, Fabric), By Product Type (Built-in sunroof, Top-mounted/spoiler sunroof, Panoramic, Pop-up, Folding), By Vehicle Type (Hatchback, Sedan, SUV) Others and Regional Forecast, 2019-2026.”
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Automotive sunroof is a luxury feature on top of a car that allows air and light to enter the vehicle. They are categorized into automotive and manual sunroof depending on the type of the car. High-end cars have prominent sunroofs that offer natural light and better air circulation within the car. Sunroof generally contain several components such as solid glass panel, rain sensor, console controller, and others. Furthermore, there are panoramic sunroofs that provide opening to both the front and the rear sides of a vehicle. Increasing preference of luxury and comfort is expected to boost the demand of the market during the forecast period.
List of the Companies Operating in the Market:
- Aisin Seiki Co., Ltd.
- Inalfa Roof Systems Group B.V.
- Webasto Roof Systems, Inc.
- Inteva Products, LLC.
- Johnan America, Inc.
- Yachiyo Industry Co., Ltd.
- CIE Automotive
- BOS GmbH & Co. KG
- Automotive Sunroof Company, Inc.
- Magna International, Inc.
- Among the other players.
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What does the Report Include?
The market report offers a detailed assessment of the various market drivers and restraints, opportunities, and challenges that the market will face during the projected horizon. Furthermore, the report provides comprehensive research into the regional developments of the market, affecting the market growth during the forecast period. In addition to this, the report includes information sourced from advice of expert professionals from the industry by our research analysts using several research methodologies. Moreover, it contains an exhaustive study of the landscape comprising of key players, strategies used by them, and recent product launches for the market growth between 2019 and 2026.
Increasing Adoption of Panorama Roof to Aid Growth
The companies operating in the market have been constantly experimenting with the development of sunroofs. For instance, Lexus and Mercedes-Benz have been long experimenting with folding hardtops to provide security and convenience. The companies increasing their investments in R&D activities to meet the consumers’ demand is expected to contribute to the growth of the market in the forthcoming years. Leading automotive companies such as Mercedes Benz have included panoramic rooftop for their C-class coupes. Furthermore, Porsche, a world-renowned automobile manufacturer, recently redefined its Targa with a panoramic sunroof. Increasing preference for panoramic sunroof by the consumers will drive the growth of the market during the forecast period.
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Increasing Investment in R&D Will Promote Growth in Europe
Among the regions, Asia-Pacific will remain at the forefront during the near future. This is ascribable to factors such as increasing sales of vehicles in this region. In addition to this, manufacturers being offered lucrative incentives to double up their production in countries such as India, and China will contribute to the growth of the market during the projected horizon. Europe, on the other hand, is expected to be the second-most leading region owing to huge investments in R&D by companies such as Audi AG, BMW AG, and others. Furthermore, development of solar-sunroof by the major manufacturers will drive the growth of the market in Europe during the forecast period.
Product Launches by Companies to Favor Growth
In 2019, Tata Motors, a global car manufacturer, announced its electric sunroof for its newly launched car, Tata Harrier. Webasto, a leading sunroof manufacturer, manufactured the new electric sunroof, H-300. According to the company sources, the H-300 sunroof is equipped with protective tint glass that deflects the UV rays. In addition to this, companies are focusing on increasing investments on R&D activities to gain major automotive sunroof market revenue during the forecast period.
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