The automotive sunroofs market is anticipated to grow at a significant pace over the forecast period of 2016-2024. An automotive sunroof can be defined as a fixed or operable opening in the vehicle roof that permits the entry of light and air into the vehicle. The sunroofs are available in various shapes and styles and they are either motor driven or manually operated. The Nash Company was the first company to offer sunroofs in vehicles as a standard option. They were first introduced in wagons, SUVs, and Sedans. Sunroofs are also sometimes marketed as moonroofs which are characterized by a tinted glass. Majority of the moonroof systems are electrically operated and either have combination pop-up/spoiler configuration or a pop-up/in-built configuration. A wide variety of sunroofs and moonroofs have become common in both after-market and factory-installed offerings, thereby creating a diverse range of choices and features.
Global Automotive Sunroofs Market: Current Market Scenario
In recent years, various automobile manufacturers have been offering either built-in or optional sunroof systems to mid or premium segment cars. Automobile sunroof market is becoming highly competitive with major technological innovations and breakthorughs in the leakage problems that turns out to be one of the major issues in sunroof openings. With the growing demand for comfort and safety systems in vehicles, the demand for sunroofs in automotive vehicles has increased significantly. Sunroofs provide better air circulation within vehicles and also offer superior brightness and illumination during daytime, which in turn increases the comfort level of the passengers. OEMs have also started offering built-in or optional sunroof systems to mid segment cars in addition to luxury or premium vehicles. For instance, Hyundai has extensively introduced the optional sunroof systems in their hatchback version of i10. Due to rapid economic improvement, growth in GDP, reduced inflation rate and downward trend in fuel prices, there is huge demand for premium vehicles globally. Growth in production of these vehicles in developing countries of Asia Pacific is mainly characterized by increasing domestic consumption, rise in disposable income, low ownership rates and presence of cheap labor in India and China among others. Moreover, recovery of macro-economic conditions in developed countries of North America and Europe post economic recession in 2010 is another factor responsible for the growth of the premium car segment. These factors are largely responsible for the expansion of the sunroof market as the growth of the sunroof systems is directly related to the advancement of the passenger vehicle segment.
This 106 page report gives readers a comprehensive overview of the Automotive Sunroofs Market. Browse through 24 data tables and 11 figures to unlock the hidden opportunities in this market:
High maintenance cost, incidences of crushing and shattering of sunroofs are some of the major restraining factors of this market. Moreover, the sunroof systems have holes and drains that can cause water clogging and leakage into the vehicle. This requires frequent maintenance and thus adds up to the maintenance cost.
Global Automotive Sunroofs Market: Scope of the Study
The global automotive sunroofs market has been segmented based on material type, glass sunroof and fiber sunroof. The glass sunroof type market has been further segmented into in-built, tilt and slide, panoramic, top-mount, pop-up, and solar glass sunroofs. The fiber sunroof type market has also been further segmented into foldable and removable fiber sunroofs. Glass is the most popular material employed for manufacturing sunroofs. Glass sunroofs offer better transparency, and an open and spacious atmosphere, resulting in high consumer interests in them and higher demand in the glass sunroof market. Pop-up, tilt and slide, built-in, top-mount, removable and panoramic are the most commonly used sunroofs in automobiles. Pop-up sunroofs are one of the oldest sunroofs systems in use. They have a very basic construction with a vent in the rear and a removable glass panel. These sunroofs are manually operated.
This report highlights the current market synopsis of the automotive sunroofs market along with future anticipated market growth during the period from 2016 to 2024. In addition, various political, economic, social and technological factors that are anticipated to affect the current and future demand of the market is also provided in this report. Moreover, information related to key players operating in the market along with their market share and key strategies adopted to maintain their leading position is also provided in this report. The report also contains the present market size of automotive sunroof market in terms of revenue (USD Million) along with predictive forecast from 2016 to 2024.