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Global Automotive Sunroof Market Expected to Reach $13,554 Million by 2025

 
 

quote In 2017, the glass segment dominated the global automotive sunroof market in terms of revenue, in the material type category. However, the fabric segment is expected to grow at the highest CAGR during the forecast period (2018–2025). Based on vehicle type, the gasoline powered vehicle segment is anticipated to dominate the market throughout the forecast period (2018–2025). The automotive sunroof market signifies a promising future for the technological industry. The current business scenario has witnessed an increase in the adoption of this technology, particularly in the developing regions. The companies have been adopting innovative techniques to provide customers with advanced and innovated product offerings. quote

Pranav Padalkar & Akshay Jadhav
Lead Analyst, Automotive and Transportation

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According to a recent report published by Allied Market Research, titled, Automotive Sunroof Market by Material Type, Vehicle Type, and Region: Global Opportunity Analysis and Industry Forecast, 2018-2025, the global automotive sunroof market was valued at $6,384.4 million in 2017, and is projected to reach $13,553.9 million by 2025, registering a CAGR of 9.7% from 2018 to 2025.

At present, Europe dominates the market, followed by Asia-Pacific. In 2017, Germany dominated the Europe market, while in the Asia-Pacific, China currently dominates the market.

The global automotive sunroof market is driven by innovation in glass technology and rise in demand for safety, comfort, & convenience features. Furthermore, rise in demand for premium cars and improvement in aesthetic value of glass surface area in automobiles including larger sunroofs propel the growth for the automotive sunroof market. In addition, increasing consumer preference toward automotive sunroof vehicles in developing nations further boosts the demand for automotive sunroofs in the global market.

High integration & maintenance cost, low penetration of sunroof in low segment vehicles, and incidents of shattering & crushing of sunroofs are some of the major restraining factors of this market. Moreover, increasing penetration of solar sunroofs in electric vehicles across the globe and surging sales of automotive vehicles ensure emerging growth opportunities for this market worldwide. These features offer lucrative opportunities for the automotive sunroof market.

Key Findings of the Automotive Sunroof Market:

  • Based on material type, the glass segment dominated the global automotive sunroof market in 2017.
  • As per vehicle type, the gasoline powered vehicle segment dominated the global automotive sunroof market in 2017. However, the electric powered vehicle segment is expected to grow at the highest CAGR during the forecast period (20182025).
  • Asia-Pacific is anticipated to exhibit the highest CAGR during the forecast period.

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quote Automotive Sunroof Market by Material Type (Glass {Tilt & Slide Sunroof, Panoramic Sunroof, Solar Sunroof, and Pop-up Sunroof} and Fabric) and Vehicle Type (Gasoline Powered Vehicle {Hatchback, Sedan, and Sport Utility Vehicle (SUV)} and Electric Powered Vehicle {Battery Electric Vehicle (BEV), Hybrid Electric Vehicle (HEV), and Plug-in Hybrid Vehicle (PHEV)} - Global Opportunity Analysis and Industry Forecast, 2018-2025 quote

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