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Automotive Sunroof Market drivers of growth analyzed in a new research report

Author : Ronak Bora | Published Date : 2020-08-20 

Increasing vehicle sales along with rising preference of consumers to opt for vehicles with enhanced aesthetics and technologically advanced features are driving the automotive sunroof market. Improvements in glass technologies along with the increasing adoption of scratch resistant and toughened unbreakable glass are gaining prominence in the industry.

Industry players are continuously investing in R&D for developing advanced safety features for sunroofs for expanding their business share. For instance, in 2017, Hyundai Mobis unveiled its panoramic sunroof airbag system, that offers improved protection to the passengers and driver in the event of a crash, thereby boosting the automotive sunroof market.

Technology advancements including the incorporation of sensors and components for felicitating automatic sunroof operation are positively influencing the automotive sunroof market share. Additionally, automobile OEMs are integrating advanced components, that operates the sunroofs automatically, upon the detection of rain.

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The rising sales of electric vehicles are enabling automobile OEMs to incorporate solar panels and recharging capabilities in sunroofs for improving vehicle driving range and reduce charging time significantly. Additionally, the advanced protection from UV rays and appropriate glass tinting further accentuates the automotive sunroof market over the projected timeframe.

However, the higher cost associated with the fitment of the sunroofs may hamper the industry growth. Additionally, problems associated with the leaking, and rattling noises from sunroofs, along with the periodic maintenance requirements are further limiting the automotive sunroof market share expansion over the projected timeframe. However, industry participants are continuously investing in R&D for developing reliable and low-cost sunroofs for catering to a wide customer base.

Automotive sunroof market from glass sunroof will register significant growth over the study timeframe. This can be attributed to the availability of a wide range of glass sunroofs at varied price range. Additionally, the availability of laminated and tempered glass with superior UV protection along with its ability to maintain an optimum car interior temperature further expands the segment share.

Panoramic sunroofs will account for a significant volume share over the forecast timeframe. This can be attributed to the increasing adoption of such sunroofs in premium and high-end models. The larger sunroof size, along with providing a premium experience in vehicles are further expanding the automotive sunroof market. Automobile OEMs are launching new models with panoramic sunroofs for increasing their market share. For instance, in April 2019, MG Motors unveiled its Hector SUV with the largest panoramic sunroof in its segment.

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Manual sunroof will exhibit considerable growth over the projected timeframe. This growth can be attributed to the lower cost associated with the acquisition and fitting of such roofs. Additionally, the absence of any motors or electric components along with simpler operations and lower maintenance requirements further enhances the automotive sunroof market share.

OEMs will account for the majority revenue share in the automotive sunroof market. This can be credited to the increasing focus of automobile manufacturers to introduce and upgrade existing vehicles with sunroofs. Additionally, increasing trends of incorporating high end aspirational features in mid and lower segment automobiles further strengthens the revenue generation over the study timeframe.

Asia Pacific will account for a significant volume share owing to the presence of major automobile OEMs along with sunroof manufacturers across the region. The availability of multiple vehicles at varied price range offering premium and luxurious features are boosting the business growth. Moreover, industry participants including Volkswagen, Audi, BMW, Mini, and Skoda among others are continuously upgrading their vehicle portfolio for incorporating sunroofs in their vehicles, thereby supporting the automotive sunroof market share over the projected timeframe.

Few of the prominent players in the automotive sunroof market include Webasto SE, Inalfa Roof Systems B.V., Valmet Automotive, Aisin Seiki Co., Ltd., CIE Automotive, and Magna International, Inc. Industry players are engaged in expanding their production facilities for catering to the rising consumer demand and improve their market share. For instance, in March 2018, Webasto announced the inauguration of its new plant in China for increasing its sunroof production capabilities.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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