Press release
Automotive Sunroof System Market Size Growth Rate by Type 2022 Share, Future Trend, Top Key Players, Growth Factor, Development, Applications and Forecast to 2027
The Automotive Sunroof System Market report is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report. The market report additionally gives a to-the-point evaluation of the techniques and plans of action that are being executed by the players and companies to contribute to the Automotive Sunroof System market growth.The Global Automotive Sunroof System Market Size is Projected to Reach at a CAGR of 10% during 2022-2027.
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Market Overview
The automotive sunroof market was valued at USD 6 billion in 2020, and it is expected to reach USD 10 billion in 2026, registering a CAGR of above 9% during the forecast period (2022 - 2027).
Increasing passenger vehicle sales in conjunction with rising per capita income and consumer spending toward effective ventilation and brighter vehicle interiors to enhance the overall driving experience will positively influence the industry demand. Moreover, technological advancements in sunroof materials drive automotive sunroof demand. Thereby, ongoing design upgrades and material advancements to reduce weight and provide stability are boosting the industry's growth.
Top Leading Companies:
Webasto, Inalfa, CIE Automotive, Yachiyo, Mobitech, Aisin Seiki, Johnan Manufacturing, Wanchao, DeFuLai, Wuxi Mingfang, Motiontec, Jincheng, Shenghua Wave
Recent Developments
In June 2021, Webasto announced that it is supplying the elegant sliding panorama sunroof for the new Mercedes-Benz S-Class. Two roof modules allow the driver and passenger in the rear of the vehicle to determine their desired settings individually and independently of each other.
In March 2021, Inalfa Roof Systems announced that it will supply sunroof products for the Great Wall Motor V61
In May 2019, Inteva Products announced that it completed the sale of its roof systems product line to CIE Automotive. The transaction entailed an investment of USD 755 million (approximately EUR 650 million) by CIE Automotive.
In September 2019, Webasto introduced its Roof Sensor Module, a roof system with integrated sensors and related thermo and cleaning systems, at IAA, Europe's leading mobility trade fair. The company announced that it had implemented transparent and openable roof systems with integrated sensors and high rigidity.
Automotive Sunroof System Market Segmentation by Type:
Inbuilt Sunroof
Panoramic Sunroof
Spoiler Sunroof
Pop-up Sunroof
Automotive Sunroof System Market Segmentation by Application:
Sedan
SUV
Other Vehicle
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Asia-Pacific to Drive the Sunroof Market
The Asia-Pacific region accounts for the largest share of the global automotive sunroof market due to the presence of major automotive manufacturers, such as Hyundai-Kia, Suzuki, Mitsubishi, Tata Motors Limited, Lexus, and Toyota. Growing car customization trends and a higher younger population demanding aftermarket sunroof installations are some of the major factors driving the market for sunroofs in these countries. Moreover, governments across Asia-Pacific are taking initiatives for the development of the automotive sector, in turn, boosting associated market development. Further government initiatives to increase the adoption of electric vehicles and the rise in mass segment cars offering sunroofs as an optional feature are responsible for the stimulating demand for in-vehicle sunroofs.
Regional Automotive Sunroof System Market (Regional Output, Demand & Forecast by Countries)
North America (United States, Canada, Mexico)
South America (Brazil, Argentina, Ecuador, Chile)
Asia Pacific (China, Japan, India, Korea)
Europe (Germany, UK, France, Italy)
Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And additional.
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Highlights of the Automotive Sunroof System Market Report:
Detailed overview of Automotive Sunroof System Market
Changing the Automotive Sunroof System market dynamics of the industry
In-depth market segmentation by Type, Application, etc.
Historical, current and projected Automotive Sunroof System market size in terms of volume and value
Recent industry trends and developments
Competitive landscape of Automotive Sunroof System Market
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth.
The research includes historic data from 2016 to 2022 and forecasts until 2027 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.
Finally, the Automotive Sunroof System Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and market development rate and figure, and so on. Automotive Sunroof System industry report additionally Presents a new task SWOT examination, speculation attainability investigation, and venture return investigation.
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– Free country Level analysis for any 5 countries of your choice.
– Free Competitive analysis of any 5 key market players.
– Free 40 analyst hours to cover any other data point.
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