Car Sunroof Market - Growth, Trends, and Forecast (2018 - 2027)
The report “Car Sunroof Market by Rooftop (Hardtop, Soft Top), Vehicle Class (Luxury, Semi-Luxury), Body (Sedan, SUV, Roadster), EV (BEV, HEV, PHEV, FCEV), Material (PVC, Carbon Fiber, Others), Propulsion, & Region – Global Forecast to 2027″, The car sunroof market is projected to grow at a CAGR of 7.4%, from 2018 to 2027, to reach a market size of USD 2.4 billion by 2027 from 1.3 billion in 2018. The major factors driving the growth of the car sunroof market are the growing demand for premium vehicles and innovations in materials.
Hardtop—A high growth market
The global car sunroof market, by
rooftop type, is expected to be dominated by the soft top segment. Soft tops
are mostly preferred by consumers since they offer all-round visibility and
maximum ventilation. The hardtop segment is projected to grow at the highest
CAGR, during the forecast period, as these systems provide increased structural
rigidity over soft tops. Car sunroof manufacturers have also started working on
material technology to reduce fuel consumption and carbon emissions by
vehicles. The lightweight technology from Webasto features polyurethane (PU)
composite material. The core of the material consists of paper honeycombs which
are covered by a mixture of PU and reinforcing fibers. Its further advantages
are its excellent 3-D moldability and good acoustic and heat-insulating
properties. It also weighs 50% less than steel and, thus, increases the fuel
efficiency of vehicles.
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Sedan/Hatchback—Promising
segments for car sunroof manufacturers
Sedan and hatchback cars have
been grouped together in this study of the car sunroof market. This body style
segment is the most promising market for car sunroof as it is the largest
segment of the automotive industry and car sunroof are mostly used in these
vehicles to provide a stylish look. Automakers provide car sunroof in 1 or 2
variants of models based on which the price of the vehicle increases or
decreases. For example, in the US, the Audi A5 model has 8 variants but car
sunroofs are offered in only 3 variants.
Europe: Largest market
for car sunroof
Europe is estimated to account
for the largest share, by value and volume, of the car sunroof market in 2018.
In terms of growth, the market in Asia Pacific is projected to grow at
the highest CAGR during the forecast period. Developing economies such as China
and India are expected to play a major role in the increase in vehicle
production. Also, the increasing installation of car sunroof in vehicles such
as sedans/hatchbacks and SUVs driving the market in Asia Pacific.
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The report profiles all the major
players in the car sunroof market including Webasto (Germany), Magna
International (Canada), Valmet Automotive (Finland), and Aisin Seiki (Japan).
The report also covers a comprehensive study of the key vendors operating in
the car sunroof market. These vendors have been evaluated by considering
various factors such as product developments, R&D expenditure, business strategies,
and product revenues.
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