According to Goldstein Research, “Rising demand for cars with a sunroof mainly for medium or premium range cars in a mature market or developing countries are propelling the demand for sunroofs. To gain a competitive edge in the market, leading players are offering cars with innovative roof systems such as full glass sliding sunroofs, solar, panoramic rooftops, convertibles and retractable hardtops. Increasing market competitiveness and aftersales demand for sunroof are expected to drive the automotive sunroof market growth.”
Sunroof Market Summary
Global sunroof market is segmented on the basis of sunroof type, by material type and by vehicle type. Material type is further bifurcated into glass and fibre type. Glass sunroof market valued USD 3.7 billion in 2016. Glass sunroof is the dominating segment and is projected to occupy over 82% share of global automotive rooftop market by 2024. High transparency and availability of raw materials support the dominance of glass sunroof market.
Asia-Pacific is the second largest market for sunroof after Europe. Asia-Pacific sunroof market valued USD 1.33 billion in 2016 and is expected to grow at a CAGR of 13% during the forecast period. The rapid expansion of automotive industry and growing demand for premium and luxury cars in countries such as India, China, Thailand and South Korea are encouraging the growth of automotive sunroof market in the region.
Sedan Cars with Sunroof: Potential growth in developing countries
Premium or luxury cars hold the major share of automotive rooftop market. Preference of owning a car with attractive aesthetic looks, in-vehicle convenience and travel experience by high-income group people is propelling the demand for vehicles with sunroofs. Sedan cars manufacturers are expansively implying sunroof systems with convertible features to gain middle-income group customers attraction. Companies such as Toyota, Honda, Audi and Skoda are launching their cars with sunroof in developing countries such as India to maintain their market dominance. Sedan car segment is anticipated to witness remarkable growth for global automotive sunroof market over the forecast period.
Automotive Sunroof Market Report
This report contains a detailed overview of the global automotive sunroof market in terms of market segmentation by sunroof type, by material type and by vehicle type. Further, for the in-depth analysis, the report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.
Global automotive sunroof market also provides competitive outlook of some of the major players of global automotive sunroof market which includes profiling of companies such as IBM Corporation, Oracle Corporation, Amazon Web Services, Microsoft Corporation, Splunk Incorporated, Intel Corporation, TIBCO Software Inc., NetApp, Inc., Google , Dell Inc., SAP SE, VMware Inc., MicroStrategy, Inc., EMC Corporation, HORTONWORKS, INC., Cloudera, Inc., Karmasphere Inc., Teradata Corporation and HP Enterprise. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.
Overall, the report represents comprehensive synopsis on the global automotive sunroof market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.
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