Global Automotive Sunroof Market size contribution was about $4.67 billion for 2014 and is projected to record CAGR of about 9.9% during forecast timeline. Rising use of smart glass in automotive along with high convenience for end users is projected to propel demand. Further, growing automobile production is also projected to enhance industry expansion in future.
Rising customer choice for the products is projected to propel industry growth during forecast timeline. Key automotive sunroof manufacturers offer inbuilt system to their mid-section vehicles. However, issues like poor calibrations, leakage, electrical failures, improper installation and growing concerns about altering structural integrity of roof of automobiles can hinder the product demand.
Increasing automotive sunroof industry trends as a post-sale customization has witnessed an increase in product reputation, primarily in APAC. Rising disposable incomes of consumers has resulted in enhanced purchasing capacity and rise in purchase of luxury vehicles is projected to favorably affect the product demand. Automotive sunroof market share is projected to be bolstered by technological growth in area of solar roofs for electric automobiles.
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Global automotive sunroof industry is segmented into fabric product and glass product. Fabric product segmented is sub-segmented into removable and foldable. Glass product segment is sub-segmented into panoramic, pop-up, top mount, inbuilt and spoiler or tilt & slide.
Glass sunroof product segment was the dominating segment for 2014 and is projected to lead the industry during forecast timeline.
Inbuilt glass product sub-segment contributed more than 40% of total industry share for 2014 and is projected to record CAGR of 7.6% during forecast timeline. Enhanced factory deployed products along with increasing industry demand are forecast to propel the sub-segment growth.
Panoramic sunroof product segment is projected to experience significant expansion and record CAGR of more than 15.1% during forecast timeline due to consumer choice for automobiles equipped with big sunroofs.
Fabric sunroof segment in Europe and North America features high demand for foldable prototypes. This is predicted to propel its growth in future.
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Global automotive sunroof market is segmented into key geographical locations like North America, MEA, LATAM, Europe and Asia Pacific.
Europe sunroof market was evaluated at $1.7 billion for 2014 and is projected to dominate the global industry during forecast timeline due to substantial penetration of luxury cars in the region. UK and Germany are key contributors to regional industry expansion.
Asia Pacific glass sunroof industry is projected to record CAGR of more than 11.1% in future. This can be mainly credited to changing customer choices and rising product demand in country in China.
Key industry participants profiled in the report include NSG Pilkington, Inteva, Automotive Sunroof Company, Webasto, Yachiyo Industry Company Limited, Johnan America Incorporation, Valmet Automotive, Mitsuba Corporation and Inalfa.
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