Report Code: A05916 | Pages: 218 | Dec 2019 | 6519 Views | ||
Author(s) : Lalit K , vineet K | Tables: 73 | Charts: 56 |
|
Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Automotive Panoramic Sunroof Market
Request Now !The global automotive panoramic sunroof market size was valued at $1.31 billion in 2018, and is projected to reach $4.26 billion by 2026, registering a CAGR of 15.7% from 2019 to 2026. Europe accounted for the highest share in 2018, and is anticipated to maintain its lead in the global automotive panoramic sunroof market throughout the forecast period.
Panoramic sunroof is a large sunroof that covers the entire roof of a vehicle. It is significantly larger than a traditional sunroof, and may be clear or tinted. This sunroof is either made of a single solid panel of glass or multiple panels. When the roof is opened, the single panel will simply slide toward the back of the vehicle. In the other version, the multiple panels will stack upon each other to the back of the roof opening. Furthermore, this sunroof does not disappear inside the vehicle’s roof as there is not adequate room. They are designed to cover maximum view so that passengers in both front and rear seats can enjoy the fresh air and sunlight.
The factors such as rise in innovation in glass technology and increase in demand for safety, comfort, and convenience drive the growth of the automotive panoramic sunroof market. However, high integration & maintenance cost and low penetration of power sunroof in low segment vehicles is anticipated to hinder the growth of the market. Further, rise in penetration of solar sunroof in electric vehicles and increase in sale of automotive vehicles provide lucrative growth opportunity for the key players operating in the panoramic sunroof market.
The global automotive panoramic sunroof market is segmented on the basis of material type, vehicle type, and region. Based on material type, the market is bifurcated into glass and fiber. By vehicle type, it is divided into hatchback, sedan, sport utility vehicle (SUV), battery electric vehicle (BEV), hybrid electric vehicle (HEV), and plug in hybrid vehicle (PHEV). Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players including Aisin Seiki Co. Ltd., CIE Automotive SA, Donghee Industrial Co. Ltd., Inalfa Roof Systems Group BV, Webasto SE, Yachiyo Industry Co. Ltd., Inteva Products, Automotive Sunroof-Customcraft (ASC) Inc., BOS Group, Magna International Inc., and others hold the major automotive panoramic sunroof market share.
Rise in innovations in glass technology
Technological advancements and innovations help sunroof glass manufacturers create various types of glasses, such as tempered glass, laminated glass, and green glass, which provide protection from ultraviolet rays. For instance, Mercedes-Benz is offering panoramic vario-roof with magic sky control to SLK model that offers a pleasant atmosphere in the vehicle. Furthermore, this technology uses innovative new features of glass, that is, transparent or darkened that offer an open-air experience during cold weather through transparent glass and prevention of direct sunlight by affording haven of shades. In addition, the Webasto’s new innovative product named solar sunroof coupled with novel convertible roof system used in the Volkswagen Eos provides flexibility to better control natural light. Thus, rise in innovations in glass technology boosts the growth of the automotive panoramic sunroof market.
Rise in demand for safety, comfort, and convenience features
Increase in demand for safety, comfort, and aesthetic features have led to several technological advancements in vehicles such as installation of sunroofs that allow better air circulation. Leading automobile manufacturer are launching wide range of vehicles with panoramic sunroof features. For instance, Kia Motors India, Inc., a world-class quality vehicles manufacturer has launched new KX3, a sports utility vehicle (SUV) in China. Moreover, rise in advance technologies to remove fog or frost from the windows to enhance visibility in all-weather condition with the better illumination, subsequently increases the comfort level of the passengers. Thus, rise in demand for safety and comfortable features in automobiles boosts the growth of the automotive panoramic sunroof market.
High integration and maintenance cost
A sunroof can start leaking or stop working due to several reasons, such as broken motors, faulty tracks, and shattered or chipped glass. Integration and repair of sunroofs is expensive. The components such as rain sensors, power-operated sliding glass panel, aluminum or plastic handles, and other hardware are cheaper than steel or carbon fiber. These components are integrated in single plate, which in turn adds up to the weight of sunroof. Further, they require frequent maintenance, which is expected to hinder the growth of the automotive panoramic sunroof market.
Rise in penetration of solar sunroof in electric vehicles
Governments in the Asia-Pacific region are actively promoting environment friendly vehicles in their respective countries since the Climate Change Agreement in Paris. For instance, Panasonic manufactures the 180-watt roof for Toyota Prius Prime model in the Japanese market. Moreover, the State of Delaware is offering tax-free businesses that provide an electric charging station for electric and hybrid vehicles. The constant support & funding from various governments for the development of solar roof technology & infrastructure is anticipated to create lucrative growth opportunities for the players operating in the automotive panoramic sunroof market.
Automotive Panoramic Sunroof Market Report Highlights
Aspects | Details |
---|---|
By Vehicle Type |
|
By Material |
|
By Region |
|
Key Market Players | Aisin Seiki Co., Ltd., CIE Automotive, Webasto Group, Yachiyo Industry Co. Ltd., Inteva Products, Inalfa Roof Systems Group B.V., Automotive Sunroof-Customcraft (ASC) Inc., BOS Group, Magna International Inc., DONGHEE |
Loading Table Of Content...
Panoramic sunroof systems generally use a multi-panel roofing design that provides openings above the front and rear seats instead of offering a single option in the middle part of the vehicle. These sunroof systems can be operable or fixed panels depending on what the manufacturer offers and typically uses a top-slider or spoiler mechanism to get the desired result. It offers advantages such as natural air conditioning, enhanced sense of openness, emergency escape, and others.
The factors such as rise in innovation in glass technology and increase in demand for safety, comfort, and convenience features drive the growth of the automotive panoramic sunroof market. However, high integration & maintenance cost and low penetration of power sunroof in low segment vehicles are expected to hinder the growth of the market. Further, rise in penetration of solar sunroof in electric vehicles and increase in sale of automotive vehicles are anticipated to provide lucrative growth opportunity for the key players operating in the automotive panoramic sunroof market.
Among the analyzed regions, currently, Europe is the highest revenue contributor, and is expected to maintain the lead during the forecast period, followed by Asia-Pacific, North America, and LAMEA.
A. Panoramic sunroof is a large sunroof that covers the entire roof of a vehicle. It is significantly larger than a traditional sunroof and may be clear or tinted. This sunroof is either made of a single solid panel of glass or multiple panels.
A. The automotive panoramic sunroof market growth is anticipated to reach $4.26 billion by the year 2026.
A. The report sample for automotive panoramic sunroof market report can be obtained on demand from the website. Also, the 24*7 chat support and direct call services are provided to procure the sample report.
A. The market trends in automotive panoramic sunroof are rising innovation in glass technology and rise in demand for safety, comfort and convenience features.
A. The leading players in automotive panoramic sunroof market includes Aisin Seiki Co. Ltd., CIE Automotive SA, Donghee Industrial Co. Ltd., Inalfa Roof Systems Group BV, and Webasto SE. These players adopted different strategies so as to hold major market share in the automotive panoramic sunroof market.
A. The statistical data of the top market players of automotive panoramic sunroof industry can be obtained from the company profile section mentioned in the report.
A. The automotive panoramic sunroof market segment includes material type and vehicle type from the year 2019 to 2026.
A. The sunroof is typically installed above the front seats and are compact whereas, panoramic sunroof covers almost full area of the roof which is the major difference between sunroof and panoramic sunroof.
A. The factors such as rise in innovation in glass technology and increase in demand for safety, comfort, and convenience drive the growth of the automotive panoramic sunroof market.
A. Asia-Pacific countries such as China, Japan, and India dominated the Asia-Pacific automotive panoramic sunroof industry.
Start reading instantly.
This Report and over 19,945+ more Reports, Available with Avenue Library. T&C*.
Enterprise
License/PDF
Library
Membership
*Taxes/Fees, if applicable will be added during checkout. All prices in USD
To ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time of readers
Get insights on topics that are crucial for your business. Stay abreast of your interest areas.
Get Industry Data AlertsTo ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time of readers