The automotive sunroofs market is expected to grow at a substantial pace over the forecast period of 2017-2025. An automotive sunroof could be described as a fixed or operable opening in the vehicle roof which allows the entrance of air and light into the automobile. The automobile sunroof market has become highly competitive with new varieties of sunroofs and breakthroughs in the leakage issues that turns out to be among the major problems in sunroof openings. With the increasing demand for comfort and security systems in automobiles, the requirement for sunroofs in automotive vehicles has improved significantly. Sunroofs provide better air circulation within vehicles and also offer exceptional brightness and lighting during daylight, which in turn raises the comfort level of the passengers.
Global Automotive Sunroofs Industry: Drivers and Restraints
OEMs have begun to provide optional or built-in sunroof systems to midsize department automobiles along with luxury or premium vehicles. Due to rapid economic advancement, growth in GDP, reduced inflation rate and downhill trend in fuel prices, there is enormous demand for premium vehicles globally. Growth in production of these vehicles in developing countries of Asia Pacific is principally characterized by increasing domestic consumption, increase in disposable income, low ownership rates and existence of inexpensive labour in India and China among others. Moreover, recovery of macro-economic states in developed nations of North America and Europe post economic downturn in 2010 is just another factor responsible for the rise of the premium car division. These factors are largely responsible for the growth of the sunroof market as the increase of these sunroof systems is directly related to the progress of the passenger vehicle segment.
High care cost, incidences shattering of sunroofs are a number of the major dominating factors of the marketplace. It helps the market that the sunroof systems have holes and drains that can cause water clogging and leakage to the vehicle. This requires regular maintenance and therefore adds up to the upkeep cost.
The worldwide after market of sunroofs has been segmented based on material type, glass sunroof and fiber sunroof. Segmentation of the glass sunroof market has is into: laminated glass sunroofs and tempered glass sunroofs. The sunroof type marketplace was further segmented into in-built, tilt and slide, panoramic, top-mount, pop-up, and solar glass sunroofs. Glass is the most popular material employed for fabricating sunroofs. Having a glass sunroof provides greater transparency, and an open and spacious atmosphere, which has resulted in high customer interest in them and greater demand in the glass sunroof marketplace. Pop-up, tilt and slide, built-in, top-mount, removable and panoramic are the most frequently used sunroofs in automobiles. Pop-up sunroofs are one of the oldest sunroofs methods in use. They have an extremely basic construction with a vent in the trunk plus a removable glass panel. All these sunroofs are manually controlled.
Global Automotive Sunroofs Industry: Scope of this Report
The report offers a summary of the elements that drive and restrain the industry growth sunroof cars. The current marketplace trends of the automotive sunroofs market are highlighted together with future anticipated market development opportunities throughout the period from 2015 to 2025. Moreover, information related to key players operating in the market together with their market share and essential strategies adopted to keep their top position is also provided within this report. The report also comprises the present market size of automotive sunroof market in terms of earnings (USD Million) along with predictive prediction from 2017 to 2025.
The geographical segmentation contains the North America, Europe, Asia Pacific, Middle East and Africa (MEA), and Latin America region. Europe holds the greatest market share followed by Asia Pacific and North America. Asia Pacific is expected to develop together with the fastest growth rate.
Some of the major players working in the automotive sunroofs marketplace include includes Aisin Seiki Co. Ltd. (Japan), Inalfa Roof Systems Group B.V. (Netherlands), Inteva Products, LLC. (Troy), Valmet Automotive (Finland), Johnan America, Inc. (U.S.), and Mitsuba Corporation (Japan), amongst others.