Global Power Sunroof Market Information By Material (Glass And Fabric), By Sunroof Type (Top-Mount, Panoramic, Solar And Others), By Vehicles (Sedan/Hatchback, SUV and others) and Region – Forecast To 2023
The global power sunroof market is a very dynamic market and is expected to witness high growth over the forecast period. The growth of power sunroof market is influenced by the long-term air quality, and climate goals. The global automotive glass market has largely been benefiting from the changing paradigms in government regulations, and end-users perspective towards enhanced safety in automobiles. In spite of a turbulence caused by the global economic slowdown of 2008, the automotive market has been able to gain back the pre-crisis annual growth rate by 2014. With several driving trends such as growing demand of passenger vehicles, growing urban population, increasing environment concerns, and rising disposable income of middle class population, the global automotive industry is poised to grow. Challenges associated with designing and manufacturing glass sunroofs can hamper the structural integrity of the vehicle due to change in the center of gravity on account of increased weight on the rooftop.
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Market Research Analysis:
The development of new and diversified technologies is creating exciting opportunities within the automotive industry. The global automotive glass market has been largely benefiting from the changing paradigms in government regulations and end-users perspective towards enhanced safety in automobiles. In spite of a turbulence caused by the global economic slowdown of 2008, the automotive market has been able to gain back the pre-crisis annual growth rate by 2014. With several driving trends such as growing demand of passenger vehicles, growing urban population, increasing environment concerns, and rising disposable income of middle class population, the global automotive glass market is poised to drive the market for automotive.
The manufacturers of the automotive glass grows simultaneously with the OEMs so as to offer continuous innovation in the design and match the needs of the consumers. The glass manufacturers are making heavy investments into R&D so as to develop technology to reduce the weight of the glass to that of providing new shapes. The glass manufacturers are investing in R&D to gain a competitive edge in the market by focusing majorly on system integration and new functionality that provide better features to the consumers. According to Strategy & 2015 Global Innovation 1000 analysis, Bloomberg data, and Capital IQ data, the total spending in automotive R&D is increased from 2007 to 2015. In 2007, the total spending in automotive R&D was USD 76 billion while in 2015, which was increased to USD 99 billion.
Europe dominated the sunroof market, due to growing sales in the high-end luxury cars segment. This trend is expected to continue over the forecast period owing to increasing sales of high-end luxury vehicles in Germany and U.K. Automotive vehicle production has been growing rapidly with a substantial increase in global population and vehicle owning capacity. The demand for sunroof witnessed a spike in popularity, especially among the younger population in Asian countries. These factors have been greatly influenced by the use of sunroof systems and the developments in them, which in turn have propelled the market, globally.
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Scope of the report
This study provides an overview of the global power sunroof market, tracking one market segment across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Power Sunroof market by its product and region.
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By Vehicle type
- Commercial Vehicle
- Passenger Cars
- North America
- Asia Pacific
- Rest of the World
The key players of global Power Sunroof market include The Toyota Mirai (Japan), The Hyundai Motor Company (South Korea), Daimler AG (Mercedes-Benz) (Germany), BMW (Germany), General Motors Company (U.S.), Groupe Renault (France), Mazda Motor Corporation (Japan), Hydrogenics (Canada), Kia Motor Corporation (South Korea), Tata Motors Limited(India).
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