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Automotive Sunroof Market Is Expected To Reach US$ 14.7 Billion by 2027 | CAGR 8%

04-17-2023 12:08 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: IMARC Group

Automotive Sunroof Market

Automotive Sunroof Market

According to the latest report by IMARC Group, titled "Automotive Sunroof Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," The global automotive sunroof market size reached of US$ 9.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 14.7 Billion by 2027, exhibiting a growth rate (CAGR) of 8% during 2022-2027. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.

Industry Definition and Application:

Automotive sunroofs refer to solid, movable panels installed in the roof of automobiles that open up to allow natural light and fresh air to enter the interior cabin. They can be motor-driven or manually operated and are typically available in transparent and opaque variants. They either pop up, slide open, tilt, or fold to uncover the opening on the top of the vehicle. In recent years, automotive sunroofs have gained immense popularity among consumers and automakers to enhance the overall aesthetics, provide ventilation, improve passenger comfort, and add value to the vehicle.

Report Metric

Historical: 2016-2021

Base Year: 2021

Forecast Year: 2022-2027

Automotive Sunroof Market Trends:                                                                                      

The surging sales of premium and luxury vehicles due to rapid urbanization, improving lifestyles, and elevating income levels represent the primary factors driving the market growth. Besides this, the shifting consumer preferences toward enhanced driving experience and the expanding automotive industry are other major growth-inducing factors. Additionally, individuals are increasingly spending on adequate ventilation and brighter vehicle interiors for improved aesthetics, especially the younger population. In line with this, the rising adoption of sunroofs in sport utility vehicles has augmented the product demand. Furthermore, the leading automobile manufacturers are focusing on design upgrades and material advancements to reduce overall vehicle weight and provide stability.

They are also introducing panorama sunroof airbag systems to enhance passenger safety by preventing occupants from falling out through the roof in case of accidents or rollovers. Apart from this, several product innovations, such as the launch of solar automotive sunroofs and the integration of rain sensors to enable auto sunroof closing, have catalyzed the market growth. Other factors, including the growing usage of sunroofs in electric vehicles (EVs), increasing automobile production, emerging car customization trends, escalating demand for passenger cars, and technological advancements, are also creating a favorable outlook for the market. Looking forward, IMARC Group expects the market value to reach US$ 14.7 Billion by 2027, expanding at a CAGR of 8% during 2022-2027.

Request for a free sample copy of this report: https://www.imarcgroup.com/automotive-sunroof-market/requestsample

Automotive Sunroof Market 2022-2027 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Aisin Corporation
Automotive Sunroof-Customcraft (ASC) Inc.
Beijing Automotive Group Co. Ltd.
BOS Group
CIE Automotive
Inteva Products LLC
Johnan America Inc.
Magna International Inc.
MITSUBA Corporation
Webasto SE 
Yachiyo Industry Co. Ltd. (Honda Motor Company Ltd.).

The report has segmented the market on the basis on region, type, material, operation, vehicle type, distribution channel.

Breakup by Type:

Built-in Sunroof System
Tilt and Slide Sunroof System
Panoramic Sunroof System
Others

Breakup by Material:

Glass
Fabric
Others

Breakup by Operation:

Automatic
Manually Operated

Breakup by Vehicle Type:

Mid-range Vehicles
Premium and Luxury Vehicles

Breakup by Distribution Channel:

Original Equipment Manufacturers
Aftermarket

Breakup by Region:

North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa

Ask Analyst for Customization and Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/automotive-sunroof-market

Key highlights of the report:

Market Performance (2016-2021)
Market Outlook (2022-2027)
Porter's Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

Note: We are in the process of updating our reports. If you want to receive the latest research data covering the time period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.

Contact Us:

IMARC Group
Email: sales@imarcgroup.com
USA: +1-631-791-1145 | Asia: +91-120-433-0800
Address: 134 N 4th St. Brooklyn, NY 11249, USA
Follow us on Twitter: @imarcglobal

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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