Press release
What’s driving the automotive sunroof market growth? | Inteva Products, Inalfa Roof Systems Group, NSG Pilkington, Valmet Automotive, Webasto Group
automotive sunroof market
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.
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Manual sunroof will exhibit considerable growth over the projected timeframe. This growth can be attributed to the lower cost associated with the acquisition and fitting of such roofs. Additionally, the absence of any motors or electric components along with simpler operations and lower maintenance requirements further enhances the automotive sunroof market share.
Top Key Players:-
1. Automotive Sunroof Company (Canada)
2. Yachiyo Industry Co. Ltd (Japan)
3. Inalfa (Beijing)
4. Inteva (United States)
5. Johnan America, Inc. (United States)
6. Mitsuba Corp (Japan)
7. NSG Pilkington
8. Valmet Automotive (Finland)
9. Webasto (UK)
Panoramic sunroofs will account for a significant volume share over the forecast timeframe. This can be attributed to the increasing adoption of such sunroofs in premium and high-end models. The larger sunroof size, along with providing a premium experience in vehicles are further expanding the automotive sunroof market. Automobile OEMs are launching new models with panoramic sunroofs for increasing their market share. For instance, in April 2019, MG Motors unveiled its Hector SUV with the largest panoramic sunroof in its segment.
Asia Pacific automotive sunroof market 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. Moreover, industry participants including Volkswagen, Audi, BMW, Mini, and Skoda among others are continuously upgrading their vehicle portfolio for incorporating sunroofs in their vehicles, thereby supporting the automotive sunroof market share over the projected timeframe.
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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.
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.
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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.
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