Automotive Sunroof Market Top Key Players – Webasto, Inalfa, Yachiyo, CIE Automotive, Aisin Seiki Co Ltd, Johnan Manufacturing Inc Japan, Wuxi Mingfang, BOS GmbH & Co, Inteva Products, Magna International
The global sunroof market will grow at a CAGR of XX% from $ XXB in 2019 to $ XXB in 2025. The sunroof market adds value due to the price of actuators and fiberglass. The innovation and smooth operation of the glass fiber used in the sunroof will also affect the price increase of this part.Automotive Sunroof Market is often considered an optional feature of a car, it is either a fixed or slide mechanism. The trend of sunroofs as an optional feature is slowly shifting towards one of the standard features of premium and luxury segment cars. The automotive sunroof market is driven by innovations in glass technology and increasing demand for safety, comfort, and convenience features.
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OEMs are engaged in the development of advanced technologies for the production of sunroofs, including composite materials to develop lightweight sunroof solutions, which are in increasing demand in the industry. High integration and maintenance costs, and low penetration into low-cost vehicles are some of the downsides.
AUTOMOTIVE SUNROOF MARKET DYNAMICS
• Existing ICE vehicles will be completely refurbished and upgraded over the next few years to add premium features to the sub segments. When the vehicle's additional features are saturated, OEMs can offer sunroofs at a more affordable price.
• Globally, the growth of electric vehicles will have a positive impact on the growth of sunroofs, as most OEMs add premium features to each EV model. High growth in the SUV sector is expected to favor the sunroof industry in expanding the spread of sunroofs in the SUV and compact SUV sectors.
• In particular, changes in consumer preferences for sunroofs in developing countries as well as advances in material technology are further strengthening the global sunroof market. Hybrid cars can be equipped with a panoramic sunroof that delights all-round visibility and maximum ventilation
AUTOMOTIVE SUNROOF MARKET SEGMENTATION
By Material
• Glass
• Fabric
By Operation
• Manual
• Automatic
By OEMs
• Toyota
• GM
• Ford
• Mercedes
• BMW
• Hyundai
By Vehicle Type
• Sports Utility Vehicle
• Sedan
• Hatchback
By Type
• Panoramic
• Spoiler Type
By Geography
• US
• China
• Europe
• Japan
• ROW
RECENT LAUNCHES
• Webasto opened a new factory in Guangzhou, China. It is the 10th factory in China.
• The roof of the Bugatti Veyron is made of a transparent sheet and is coated with a thermoformed polysiloxane wet coating system, which is a large, weather-resistant roof with scratches.
• Netherlands Hyundai Sonata Hybrid and Lightyear One Future EVs will be released from solar cells under. Therefore, the sunroof market is expected to grow significantly.
• Hyundai Mobis is striving to be the first OEM to equip passenger cars with sunroof airbags.
• Inteva Products has sold its automotive sunroof and panel systems subsidiary to CIE Automotive.
COMPETITIVE LANDSCAPE
Webasto from Germany is the leading sunroof manufacturer and supplier in this sector. Some of the other players are Inalfa (Netherlands), Yachiyo (Japan), CIE Automotive (Spain), BOS GmbH (Germany), Johnan Manufacturing (Japan) and Wuxi Mingfang (China).
In May 2019, Inteva Products LLC, owned by The Renco Group, Inc., sold its Roof Systems product line to CIE Automotive S.A. The Roof Systems business of Inteva operates 16 manufacturing facilities and six R&D centers in seven countries including the United States, Mexico, Germany, Slovakia, Romania, China, and India. Its customer portfolio includes Volkswagen, Daimler, and BMW, with a significant share of Chinese manufacturers as well.
COMPANY PROFILES
• Webasto
• Inalfa
• Yachiyo
• CIE Automotive
• Aisin Seiki Co Ltd
• Johnan Manufacturing Inc Japan
• Wuxi Mingfang
• BOS GmbH & Co
• Inteva Products
• Magna International
Read More Information: https://mobilityforesights.com/product/automotive-sunroof-market/
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