Automotive Sunroof Market Size By Product (Glass [Pop-up, Inbuilt, Spoiler/Tilt & Slide, Top Mount, Panoramic], Fabric [Foldable, Removable]), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2015 – 2022
Published Date: March 2016 | 70 Pages | Report ID: GMI152 Report Format: PDF
Automotive Sunroof Market size was valued at USD 4.66 billion in 2014 and is expected to exceed grow at a CAGR of 9.8% from 2015 to 2022. Growing application of smart glass in automobiles coupled with high convenience for end-users is expected to fuel demand. In addition, increasing vehicle production is also likely to augment growth over the coming few years.
China glass automotive sunroof market size, by product, 2012-2022 (USD Million)
Growing consumer preference for these products is expected to fuel the global industry over the forecast period. Key automotive manufacturers provide either optional or inbuilt system to their mid or premium section vehicles. For instance, Ford has made the system available for Flex, Explorer, and Mustang models. The above mentioned factors are expected to propel industry growth over the forecast period.
Inbuilt glass automotive sunroof market size accounted for over 40% of the overall share in 2014, and is expected to grow at a CAGR of 7.5% from 2015 to 2022. Increased factory-installed products coupled with growing aftermarket demand are forecast to boost growth. Issues such as leakage, improper installation, poor calibrations, electrical failures and concerns regarding changing the structural integrity of the vehicle's roof may hamper demand.
Escalating automotive sunroof market growth as an after-sale customization has observed a surge in popularity, mainly in Asia Pacific. Increasing disposable income of customers has led to increased purchasing power; growth in luxury vehicle purchase is expected to positively impact demand.
Automotive sunroof market share is expected to be bolstered by technology development in the field of solar roofs for electric vehicles.
Automotive Sunroof Market, By Product
Glass sunroof market was the leading product segment in 2014, a trend that is expected to continue over the forecast period. The fabric sunroof market in North America and Europe is characterized by high demand for foldable models, which are also called rag-tops.
Panoramic sunroof market is anticipated to witness considerable growth at a CAGR of over 15% from 2015 to 2022 owing to users’ preference for vehicles equipped with bigger sunroofs.
Vehicle manufacturers are increasingly employing this technology in order to differentiate their product and gain competitive edge over the forecast period. It also provides safety and comfort to the consumers.
Automotive Sunroof Market, By Region
Europe sunroof market size was valued at USD 1.6 billion in 2014 and is expected to continue its dominance over the forecast period owing to considerable penetration of high-end luxury cars in the region. Germany and the UK are the key contributors to this growth.
Asia Pacific glass sunroof market share is expected to grow at a CAGR of over 11% over the coming years. This can primarily be attributed to changing consumer preferences and growing demand for these products, particularly in China.
Competitive Market share
Webasto accounted for more than 50% of the automotive sunroof market share in 2014. The company aims at new product development, R&D and innovation, as well as efficient distribution for market expansion. The company has developed a lamination process, wherein the inside of the toughened safety glass is applied with a polyethylene terephthalate (PET) film, this helps in ensuring that the glass is held together in the event of breakage. Other key players include Inalfa Roof Systems and Inteva Products.
Sunroofs must meet all applicable worldwide safety standards like head impact, flammability, and side curtain airbag regulations. Companies operating in the industry adapt to changing material trends and meet safety regulations for ensuring sustainability.
Incumbent players have partnerships with major automotive OEMs, and invest considerable resources in R&D to provide sunroofs that meet client expectations. Establishing global presence, tying up with suppliers that provide good quality products, and keeping up with evolving consumer trends are critical success factors. While sunroofs were limited mostly to high-end cars, buyers now prefer economy class cars fitted with luxury features. Most manufacturers equip vehicles with UV-reflective or tinted glass, and have addressed former issues of leakage and loud noises.
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