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
Northbrook, IL -- (SBWIRE) -- 11/07/2019 -- The Car Sunroof Market was valued at USD 1.3 billion in 2018 and is projected to grow at a CAGR of 7.4%, during the forecast period, to reach 2.4 billion by 2027. The base year considered for the study is 2017 and the forecast period is 2018 to 2027. Factors such as the growing demand for premium vehicles, advances in material technology, and increasing consumer preference for car sunroof in developing nations are driving the growth of the car sunroof market.
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.
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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