The Automotive Sunroof Market from top mount/spoiler segment is anticipated to record a CAGR of around 8.5% credited to its demand from open-air and sporty style driving vehicles. Rising demand for glass automotive sunroofs and options for retrofitting is likely to favor segment growth over the forecast period.
Based on distribution channel, the aftermarket category is steadily being traction as to increase in purchase and maintenance of replacement automotive parts given to their lesser cost. Aftermarket is the second preferred option for automotive sunroofs. The segment covers installation, production, and supply of the sunroof systems for vehicles. Aftermarket distributors offer similar to slightly low-quality products and are preferred by customers looking for a shorter service life and cost-effective products.
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Automotive sunroofs made of glass material, especially in SUVs, is gaining popularity across the world. Panoramic sunroof are among high demand owing to the non-fading nature, better weathering characteristics, and superior aesthetic value to the vehicle. These sunroof can provide more natural air conditioning and sunlight to passengers, can cool down the car cabin faster, and serve as an emergency escape in some situations. There is a growing need to enhance the aesthetic appearance of glass surfaces in vehicles as well as a robust emphasis on enhancing passenger comfort and safety features.
The automotive sunroof market is projected to register steady growth on account of rising sales of mid-size and small SUVs. Increasing concerns about global warming and climate changes over the recent years has shifted the consumer focus towards e-vehicles as they decrease the harmful exhaust emissions into the air. E-vehicle demand is likely to surge owing to cost-effective maintenance, effective energy utilization, charging infrastructure deployment, and low ownership costs. This could boost the demand for automotive sunroofs given to their rich aesthetics and better ventilation properties.
Driven by increasing demand, automotive sunroof companies are working on advanced products and technologies. For instance, in 2021, Mahindra announced the launch of its latest model, Mahindra XUV 700, consisting of several new features including a panoramic sunroof, cruise control, and auto booster headlamps. The sunroof is considered the largest in the segment yet.
The North America automotive sunroof market is expected to register a CAGR of around 9.5% attributed to rising product preference in passenger vehicles. A key technological upgrade which is fueling the regional industry is the integration for easy operations and improved connectivity in vehicles. Such developments are expected to eliminate the probable bottlenecks of sunroof operations.
Notably, Automotive Sunroof Market firms such as Webasto SE, Aisin Seiki Co. Ltd., Inteva Products LLC, CIE Automotive, Inalfa Roof Systems B.V., and Magna International, Inc. are focusing on various business strategies like mergers and acquisitions, partnerships, product innovations, joint ventures, and geographic expansions. In 2018, CIE Automotive announced its acquisition of Inteva Roof Systems, the company specializing in the design and manufacture of automotive sunroofs.
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Some Point from Table of Contents:
Chapter 6 Automotive Sunroof Market, By Operation
6.1 Global automotive sunroof market share by operation, 2020 & 2027
6.2 Manually operated
6.2.1 Market estimates and forecast, 2017 – 2027
6.2.2 Market estimates and forecast, by region, 2017 – 2027
6.3 Automatic
6.3.1 Market estimates and forecast, 2017 – 2027
6.3.2 Market estimates and forecast, by region, 2017 – 2027
Chapter 7 Automotive Sunroof Market, By Distribution Channel
7.1 Global automotive sunroof market share by distribution channel, 2020 & 2027
7.2 OEM
7.2.1 Market estimates and forecast, 2017 – 2027
7.2.2 Market estimates and forecast, by region, 2017 – 2027
7.3 Aftermarket
7.3.1 Market estimates and forecast, 2017 – 2027
7.3.2 Market estimates and forecast, by region, 2017 – 2027
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