The Global Automotive Sunroof Market Size is estimated to be valued over USD 5,314 Mn in 2018

Global Automotive Sunroof Market Size Analysis

The Global Automotive Sunroof Market Size is estimated to be valued over USD 5,314 million in 2018 and will register a CAGR of 6.3% to create high revenue opportunity for industry players during the forecast period (2018-2028).

Product launch and strategic emphasis on distribution channels are key trends witnessed in the global sunroof market scenario. The industry is substantially consolidated with some leading companies opting for contract manufacturing with China and India based manufacturers.

As per the estimates, top 10 companies accounted for nearly 76% of automotive sunroof market share. Webasto SE, Aisin Seiki Co Ltd., Valmet Automotive, Yachiyo Industry are key industry players capturing a major chunk of the revenue. Webasto SE accounted for nearly 48% of global share in 2016.

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Automotive Sunroof Market Size| 5 Key Insights from Global Report| 2018

The Global Automotive Sunroof Market Size is estimated to be valued over USD 5,314 million in 2018. …

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Global Automotive Sunroof Market Drivers and Challenges

Automotive sunroof market is primarily driven by sales of luxury and SUV cars. However, due to increasing competition and changing consumer demands, car companies are coming up with affordable vehicles with sunroof. As such, car with sunroof are available for as low as USD 1,500. Entry in affordable car segment is expected to fuel the overall sales.

Other factors that will drive the overall sales are integrated automotive sunroof installation, product innovation, enhancement in direct distribution channel, and increasing market share for OEM. Automotive sunroof companies are focusing on development of polycarbonate based automotive sunroof to lower down the product development cost and offer higher impact strength.

Product launch and plant expansion are major trends witnessed in the industry. In 2017, Webasto SE announced its plans to invest US$ 3.1 million for expansion of its convertible roofs plant in Mexico. The move will help company to sustain the pricing competitiveness along with strengthen its market presence in North America and Latin America. The company produces over 10 million roof systems annually.

Furthermore, car manufacturing companies are coming up with automotive sunroof across different variants. In 2017, Honda launched its WR-V model – an affordable car with sunroof. Another company – Ford – introduced Ford Endeavour with Panoramic sunroof. Sunroof in affordable car segment will bolster the growth and will create high revenue opportunity for players across value chain.

Global Automotive Sunroof Market Analysis, By Product Type

On the basis of product type, global Automotive Sunroof market size is segmented into glass and fabric. Glass sunroof not only dominates the global share but will also register impressive CAGR of 6.4% during the forecast period.

Global Automotive Sunroof Market Analysis, By Sunroof Type

On the basis of sunroof type, global Automotive Sunroof market value is segmented into in-built, panoramic, tilt and slide, top mount, pop-up glass, and solar glass sunroof.

In-built sunroof accounted for over 43% of global share. However, panoramic is gaining significant traction and is expected to gain double digit growth to create high industry opportunity for players.

Global Automotive Sunroof Market Size and Forecast: Regional Analysis

Globally, Western Europe is expected to dominate the global automotive sunroof market size. Total sales in the region was valued over US$ 1,605 Million in 2017. Sales is projected to be 3.1% higher in 2018 owing to increased luxury car demand from EU-5 region. Much of the sales is concentrated to Germany and France – accounting for 46% of regional share in 2017.

While Western Europe dominated the global sales, Asia Pacific is expected to emerge as the most lucrative destination for manufacturers and suppliers. The region will register impressive CAGR of 10.8% to surpass Western Europe sales by 2020. Much of the demand is expected to emerge from affordable cars with sunroof. Moreover, the region is global hub to the production. A large share of global production center is located in Japan and China – offering price advantage to the region.

Global Automotive Sunroof Market Size and Forecast: Competition Landscape

The key automotive sunroof market players are Inalfa Roof Systems Group B.V., Inteva Products, LLC, Webasto SE, Mitsuba Corporation, Aisin Seiki Co Ltd., Johnan America Inc., Valmet Automotive Inc., Yachiyo Industry Co.Ltd., and NSG Pilkington Group.

Industry Segmentation

By Product Type:

• Glass
• FabricRemovableFoldable

By Sunroof Type:

• In-Built
• Tilt and Slide
• Top Mount
• Solar Glass
• Pop-up
• Tilt
• Panoramic

By Vehicle Type:

• Mid-Level
• PremiumLuxurySportsSUV

What Will You Discover in the Report?

• An in-depth analysis of the Automotive Sunroof market across regions – North America, Latin America, Western Europe, Central and Eastern Europe, Asia Pacific, Middle East, and Africa.
• How the Automotive Sunroof market sales is expected to grow throughout the forecast period.
• How geopolitical policies and technological changes will affect the Automotive Sunroof market in near future
• Where the stakeholders should invest to generate higher profit margins
• How consumers (end-users) will reflect to the Automotive Sunroof industry during the forecast period
• Who are the Automotive Sunroof industry leaders and what are the key initiatives taken by them for long term growth

Who will benefit from the Report?

• Automotive Sunroof Industry Suppliers
• Automotive Sunroof Industry Manufacturers
• Consultants and Analysts
• Researchers
• Industry Specialists

Analyst access with Bekryl Market Analysts

Purchasing of Automotive Sunroof market research report will give clients access to 120 minutes telephonic access with a research analyst. The duration for access to analysts will be based on the report subscription editions.

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