What are Present Automotive Sunroof Market Trends?
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Based on vehicle type, the automotive sunroof market is categorized into sport utility vehicles (SUV), premium cars, hatchbacks, sedan cars, and others, wherein 'others' include compact cars and trucks. In the past, the largest market share was held by premium cars, which will continue being the dominant category in the coming years, wherein they will also witness a considerable CAGR. This is credited to the growing demand for premium and luxury vehicles around the world.
With the growing pollution levels and demand for clean-energy vehicles, sunroofs with built-in solar cells are becoming the trend. Such components provide power to the vehicles, thus reducing the dependence on fossil fuels, in the case of conventional-energy automobiles. This is why automakers are introducing this feature in their premium as well as medium-segment cars, to increase their revenue as well as clean the environment as much as possible. With time, this feature is also expected to be provided in vehicles running on electricity.
Around the world, Europe has been the largest automotive sunroof market, as regional countries, such as the U.K., Germany, Russia, France,Spain, and Italy, create a high demand for such products. The key reason behind the adoption of such components in the continent is the increasing concerns for the environment and advancements in technology. The strict regulations implemented by the government, regarding vehicles' fuel economy and carbon emissions, are impelling automakers to offer built-in solar cells in sunroofs.
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Competitive Landscape of Automotive Sunroof Market
The automotive sunroof market is characterized by the presence of several players including Webasto SE, Inteva Products LLC, Inalfa Roof Systems Group B.V, Aisin Seiki Co., Ltd., Corning Inc., Meritor Inc., Yachiyo Industry Co. Ltd., Automotive Sunroof Company, Nippon Sheet Glass Co. Ltd., and Johnan America Inc.
In recent years, the players in the global automotive sunroof market have been involved in several strategic developments. For Instance, in April 2016, Webasto SE, a global roof and thermo system manufacturer, expanded its plant for roof systems in Hiroshima, Japan. The company has planned an investment of EUR 5.6 million ($6.4 million) in the construction of a new two-story building with an effective floor space of over 5,000 square meters. Thus, the company is bolstering its presence in Japan, the third largest car-producing country in the world.
GLOBAL AUTOMOTIVE SUNROOF MARKET SEGMENTATION
By Material Type
Automotive Glass Sunroof
Tilt n Slide
Automotive Fabric Sunroof
By Vehicle Type
Rest of Europe
Rest of Asia-Pacific
Rest of South America
Middle East and Africa
Rest of Middle East and Africa
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