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Automotive Sunroof Market to Witness Massive Growth| Inteva Products, Inalfa Roof Systems Group, NSG Pilkington, Valmet Automotive, Webasto Group
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Increasing vehicle sales along with rising preference of consumers to opt for vehicles with enhanced aesthetics and technologically advanced features are driving the automotive sunroof market. Improvements in glass technologies along with the increasing adoption of scratch resistant and toughened unbreakable glass are gaining prominence in the industry.
Top Key Players:-
• Automotive Sunroof Company (Canada)
• Yachiyo Industry Co. Ltd (Japan)
• Inalfa (Beijing)
• Inteva (United States)
• Johnan America, Inc. (United States)
• Mitsuba Corp (Japan)
• NSG Pilkington
• Valmet Automotive (Finland)
• Webasto (UK)
Industry players are continuously investing in R&D for developing advanced safety features for sunroofs for expanding their business share. For instance, in 2017, Hyundai Mobis unveiled its panoramic sunroof airbag system, that offers improved protection to the passengers and driver in the event of a crash, thereby boosting the automotive sunroof market.
Technology advancements including the incorporation of sensors and components for felicitating automatic sunroof operation are positively influencing the automotive sunroof market share. Additionally, automobile OEMs are integrating advanced components, that operates the sunroofs automatically, upon the detection of rain.
The rising sales of electric vehicles are enabling automobile OEMs to incorporate solar panels and recharging capabilities in sunroofs for improving vehicle driving range and reduce charging time significantly. Additionally, the advanced protection from UV rays and appropriate glass tinting further accentuates the automotive sunroof market over the projected timeframe.
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However, the higher cost associated with the fitment of the sunroofs may hamper the industry growth. Additionally, problems associated with the leaking, and rattling noises from sunroofs, along with the periodic maintenance requirements are further limiting the automotive sunroof market share expansion over the projected timeframe. However, industry participants are continuously investing in R&D for developing reliable and low-cost sunroofs for catering to a wide customer base.
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OEMs will account for the majority revenue share in the automotive sunroof market. This can be credited to the increasing focus of automobile manufacturers to introduce and upgrade existing vehicles with sunroofs. Additionally, increasing trends of incorporating high end aspirational features in mid and lower segment automobiles further strengthens the revenue generation over the study timeframe.
Asia Pacific will account for a significant volume share owing to the presence of major automobile OEMs along with sunroof manufacturers across the region. The availability of multiple vehicles at varied price range offering premium and luxurious features are boosting the business growth.
Few of the prominent players in the automotive sunroof market include Webasto SE, Inalfa Roof Systems B.V., Valmet Automotive, Aisin Seiki Co., Ltd., CIE Automotive, and Magna International, Inc. Industry players are engaged in expanding their production facilities for catering to the rising consumer demand and improve their market share.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Corporate Sales, USA
Global Market Insights, Inc.
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