Automotive Sunroof Market - Growth, Trends, and Forecast (2020 - 2025)
|出版商||Mordor Intelligence LLP||商品編碼||954974|
|汽車用天窗市場-成長，趨勢，預測(2020年∼2025年) Automotive Sunroof Market - Growth, Trends, and Forecast (2020 - 2025)|
|出版日期: 2020年08月25日||內容資訊: 英文||
The automotive sunroof market is expected to register a CAGR of over 9% during the forecast period, 2020-2025.
A sunroof is often considered an additional feature in automobiles, which is available in fixed or operable (venting or sliding) openings, in an automobile roof. Sunroof, as a feature in automobiles, was installed way back in 1932, when Mercedes Benz offered the first car sunroof.
The trend of the sunroof as an optional feature has gradually changed as it is now a standard feature in most of the premium and luxury cars and in a few mid-segment cars. The first car company to offer sunroof as a standard option was the Nash Motor Company, which installed a sunroof in some of its 1937 models.
Product and material innovations, along with the timely evolution of sunroof technologies, have been helping market growth. To augment the demand for sunroofs, vehicles are now fitted with tinted or UV-reflective glasses, in order to avoid unwanted heat and sunlight. Companies, like Webasto, comply with the highest safety standards in their advanced headliner safety system. Optional rain sensors and enhanced electronic control systems are some of the improved features installed and appreciated in a sunroof system, currently.
A rise in the adoption of sunroofs in vehicle rooftops, globally, is expected to augment the automotive sunroof market during the forecast period. The rise in the use of sunroofs from the aftermarket is also significantly driving the demand for the automotive sunroof system.
SUVs (Sports Utility Vehicles) are big cars, ideal for rough surfaces and off-road. These cars can accommodate about five to seven people. The automotive sunroof market for SUV includes the scope for the multi-utility vehicle (MUV).
With the traditional markets in Europe and the Americas experiencing a decline in the demand after the recent global financial crisis, support to the automotive industry came from developing economies of Asia-Pacific, over the past three years. The impact of the global financial crisis in India and China was relatively mild, and therefore, the automotive industry in these countries remained buoyant compared to their western counterparts.
Sport utility vehicles constitute one of the most popular automotive segments due to a wide range of vehicles of unmatched versatility in range, power output, and features. In the United States, SUVs are expected to dominate the light vehicle market with a share of 40% by the end of 2020. It is an appropriate choice for its consumers due to the ability of the vehicle to accommodate big families, carry large amounts of cargo, and handle adverse road conditions. Ford, Toyota, and Chevrolet have been the prominent and leading SUV brands that are affecting the sales of SUV in the global market.
Audi Q3, Audi Q7, Acura RDX, and BMW X3, X5, X6 are some of the popular and new SUV models fitted with panoramic sunroofs, which are expected to dominate the SUV market and drive the growth rate of the automotive sunroof in SUVs.
The automotive sunroof market is consolidated with just a couple of players, such as Webasto Group, Inalfa Roof Systems Group BV, and Inteva Products LLC dominating the market. Due to the high profitability of the market, these major players focus on the acquisition of small regional players for a higher penetration into the regional markets.
Inalfa Roof Systems has been the most active sunroof player over the last four years. Inalfa opened new facilities in Shanghai, Cherokee, Poland, Chongqing, and South Korea. The company also extended its Slovakian facility and opened a new technical center in the United States.
Inteva opened new facilities in Romania and China. The company also relocated a facility to Solingen, Germany. It opened new manufacturing facilities in China and South Korea and acquired ArvinMeritor's body systems business.
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