The automotive sunroof market is projected to grow at a CAGR of 8.87% during the forecast period. Automotive sunroof is the opening of the top of the car that allows fresh air and light to enter into the interior of the vehicle. Rapid innovation in glass technology and increasing demand for premium cars with sunroof facilities drives the growth of the market. Rising income level in the developing countries and preference of youth towards sunroof vehicles is augmenting the demand for automotive sunroofs in the global market. High maintenance cost and low penetration in small vehicles industry are considered as the restraining factor for the growth of the market.
DRIVERS
Rising sales of automobiles
Stringent emission norms
RESTRAINTS
High maintenance cost
Low penetration in passenger vehicles
INDUSTRY UPDATE
Recently in March 2019, automaker Tata Motors partnered with Valvoline Cummins and launched co-branded Sunroof branded as Tata Motors Genuine Oil.
Valvoline has recently announced to expand its quick-lube network into the Las Vegas market by making two acquisitions.
The major players profiled in the Automotive Sunroof market include Magna International, Inc., Webasto Roof Systems, Aisin Seiki Co, Inalfa Roof Systems Group, CIE Automotive, BOS GmbH & Co., Automotive Sunroof Company, Inc., Yachiyo Industry Co., and Signature Automotive Products.
Segmentation
The automotive sunroof market has been analyzed through the following segments:
By Product Type
Pop-Up Sunroof
Panoramic Roof
Foldings/Ragtops
Spoiler Sunroof
Others
By Vehicle Type
Hatchback
Sedan
Others
By Geography
North America
USA
Canada
Mexico
South America
Brazil
Argentina
Others
Europe
United Kingdom
Germany
France
Spain
Others
Middle East and Africa
Saudi Arabia
Israel
Others
Asia Pacific
China
Japan
Australia
India
Others
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