Automotive Sunroof Market: Key Revenue, Quality, Reliability and Innovations in Technology Forecast
The automotive sunroof market is size is projected to reach $10.0 billion by 2022, growing at a CAGR of 10.9% between 2016-2022. Some of the major factors driving the growth of the market include growing need to control light inside vehicle, growing demand for premium cars and greater glass surface area in automobiles, including larger sunroofs.
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In terms of vehicle type, the automotive market is segmented into premium car, SUV, sedan car, hatchback and others. In 2015, sunroof market generated largest revenue from integration or installation of sunroof in premium cars followed by sports utility vehicles (SUV) cars.
North America is expected to be the third largest automotive sunroof market during the forecast period, owing to the large market for premium car segment, high disposable income, and evolving technology for developing automotive sunroof systems. Among the North American nations, the U.S. was the largest contributor to the North America automotive sunroof industry and it is expected to reach $1.3 billion by 2022.
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Some of the major companies operating in the automotive sunroof market include Webasto SE, Johnan America, Inc., Automotive Sunroof Company, Nippon Sheet Glass Co. Ltd., Yachiyo Industry Co., Ltd., Corning Inc., Meritor Inc., Aisin Seiki Co., Ltd., Inteva Products, LLC, and Inalfa Roof Systems Group B.V.
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