Growing demand for premium vehicles are driving the growth of the power sunroof market.

According to the new market research report Power Sunroof Market by Material (Glass and Fabric), Glass Type (Inbuilt, Spoiler/Tilt & Slide, Top-Mount, Panoramic, and Solar), Vehicle (Sedan/Hatchback, SUV), EV (BEV, HEV, FCEV, and PHEV), Fabric, and Region - Global Forecast to 2025, published by MarketsandMarkets™, The power sunroof market was valued at USD 4.67 Billion in 2016 and is projected to grow at a CAGR of 10.81% to reach 11.60 Billion by 2025 during the forecast period. The base year considered for the study is 2016 and the forecast period is 2017–2025.

Glass Material A high growth potential market

The global power sunroof market, by material type, is expected to be dominated by glass, followed by fabric. The glass type sunroofs are mostly preferred by consumers since they offer better transparency, along with an open and spacious atmosphere. The sunroof manufacturers have also started working on glass technology to reduce fuel consumption and to reduce carbon emissions of vehicles. The lightweight technology from Webasto features polycarbonate components in which roof panels are made up of Glass ProTec safety glass and roof elements are made up of lightweight PU composite with a paper honeycomb core. This safety glass is a glass–plastic composite, which allows for weight savings of 10–15% over conventional laminated safety glass. The use of glass in vehicles has increased as it allows a laminating glazing side and does not pose any security issues. It is also lightweight and thus increases the fuel efficiency of vehicles.

Sedan/hatchback Promising vehicle segments for power sunroof manufacturers

Sedan and hatchback cars have been grouped together in the study of power sunroof market. This vehicle segment is the most promising market for power sunroof as it is the largest segment in the automotive industry and also because the sunroofs are mostly used in these vehicles to provide a stylish look. The automakers provide power sunroof as standard or optional equipment based on which the price of vehicle increases or decreases. For example, in India, all models of Mercedes-Benz, ranging from the A-class to the Maybach, provide a sunroof in at least one of its variant, barring the E-Cabriolet and AMG G63.

The power sunroof market is dominated by a few global players. Some of the key manufacturers operating in the market are Webasto (US), Inalfa Roof Systems (Netherlands), Inteva (US), Magna International (Canada), and Aisin Seiki (Japan).

The research methodology used in the report involves primary and secondary sources. Secondary sources include associations such as International Organization of Motor Vehicle Manufacturers (OICA), Emission Controls Manufacturers Association (ECMA), European Automobile Manufacturers Association (ACEA), Environmental Protection Agency (EPA), and International Council on Clean Transportation (ICCT) and paid databases and directories such as Factiva and Bloomberg. In the primary research stage, experts from related industries, manufacturers, and suppliers have been interviewed to understand the present situation and future trends in the market for power sunroof. The power sunroof market, in terms of volume (thousand units) and value (USD million), has been derived from forecasting techniques based on vehicle production and power sunroof penetration.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Contact: Mr. Shelly Singh MarketsandMarkets™ Inc. 630 Dundee Road Suite 430 Northbrook, IL 60062 Usa : 1-888-600-6441 sales@marketsandmarkets.com