Rising automotive sales and growing consumer preference for vehicles with improved aesthetics & advanced features will fuel automotive sunroof market outlook. Consumers have also been exhibiting preference for improved glass technologies like scratch resistant and toughened unbreakable glass which will help automotive sunroof industry size to expand. According to the latest research report by Global Market Insights Inc., automotive sunroof market share is anticipated to record valuation of $40 billion by 2025.
How will research and development activities by automobile manufacturers augment automotive sunroof market trends?
Automotive sunroof industry players have been continuously investing in research and development activities for developing advanced safety features for sunroofs and expanding annual revenue share. For example, in 2017, Hyundai Mobis introduced a panoramic sunroof airbag system which provides enhanced protection to driver and passengers in accident. Such advanced systems being developed by market players will boost global market size.
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What will be the impact of growing electric vehicles sales on automotive sunroof market share?
Growth in sales of electric vehicles has been potentially backing automobile OEMs to integrate recharging capabilities and solar panels in sunroofs. Installation of such equipment aims to improve vehicle driving range and decrease charging time considerably. In addition, superior protection from UV rays and suitable glass tinting will further accelerate automotive sunroof industry size over 2019-2025.
How will glass sunroof segment influence industry size over the coming years?
The market forecast report has predicted that glass sunroof segment is expected to register substantial growth over the coming years. The growth can be accredited to the availability of a wide range of glass sunroofs at diverse price range. Furthermore, easy accessibility to tempered and laminated glass with exceptional UV protection and potential to maintain an optimum car interior temperature will further expand glass sunroof segment share. Thus, enhancement of automotive sunroof industry trends will be significantly contributed to by glass sunroof segment growth.
What will be the contribution of panoramic sunroofs in growth of market share?
Automotive sunroof industry from panoramic sunroofs has been anticipated to account for a considerable volume share by 2025. The segmental growth can be attributed to the growing adoption of such sunroofs in high-end and premium models. The bigger sunroof size and premium experience in vehicles will enhance market outlook. Automobile OEMs have been introducing new models with panoramic sunroofs to increase their sales statistics. For example, in April 2019, MG Motors has reportedly announced Hector SUV which has the largest panoramic sunroof in its segment. The launch of such automobiles with advanced and larger panoramic sunroofs will expand automotive sunroof industry size.
What will be the role of OEMs in the global automotive sunroof market size growth?
OEMs are going to account for majority of the overall revenue share in automotive sunroof industry share over the forecast timeline. The segmental growth can be attributed to the intensifying focus of automakers for introducing and upgrading present vehicles with sunroofs. Also, enhancing trends of integrating high end aspirational features in lower and mid segment automobiles will surge market share.
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Will Asia Pacific emerge as a major contender in automotive sunroof industry landscape?
Asia Pacific market share is anticipated to account for a considerable revenue share over 2019-2025. The regional growth can be attributed to the presence of key automobile OEMs and sunroof manufacturers across the region. Also, multiple vehicles are available easily in the APAC region at diverse price range with luxurious and premium features. The favorable regional landscape is likely to propel automotive sunroof market size over the projected timeframe.
Table of Contents (ToC) of the report:
Chapter 1. Methodology and Scope
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Definition and forecast parameters
1.2. Data Sources
Chapter 2. Market Summary
2.1. Automotive sunroof industry 3600 synopsis, 2013 - 2025
2.1.1. Business trends
2.1.2. Material trends
2.1.3. Product trends
2.1.4. Operation trends
2.1.5. Distribution channel trends
2.1.6. Regional trends
Chapter 3. Automotive Sunroof Market Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 – 2025
3.3. Industry ecosystem analysis
3.3.3. Profit margin analysis
3.3.4. Distribution channel analysis
3.3.5. Vendor matrix
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