Advancements in glass technology and rise in demand for safety and convenience drive the growth of the global automotive panoramic sunroof market. The market across Europe held the largest share in 2018, accounting for more than one-third of the total revenue.
Allied Market Research recently published a report titled, “Automotive Panoramic Sunroof Market by Material Type and Vehicle Type: Global Opportunity Analysis and Industry Forecast, 2019–2026.” According to the report, the global market was valued at $1.31 billion in 2018 and is projected to soar to $4.26 billion by 2026, registering a robust CAGR of 15.7% from 2019 to 2026.
𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 – https://www.alliedmarketresearch.com/request-sample/6281
Automotive panoramic sunroof market provides extra light and air into the vehicle, refreshes and lighten ups the complete cabin with sunlight, and provides wider view of the sky without opening the window. These types of sunroof cover the complete roof of the vehicle, offering a wide-angle view for both the passengers in the front and rear seats. In addition, it provides emergency exit in case of accident or emergency situations. Further, the noise that enter the cabin through an open window, can be reduced significantly by opening a panoramic sunroof instead.
Innovation in glass technology and surge in demand for safety, comfort, and convenience drive the growth of the global automotive panoramic sunroof market. However, high integration and maintenance cost and low penetration of power sunroof in low segment vehicles hinder the market growth. On the other hand, surge in penetration of solar sunroof in electric vehicles across the globe and increase in the sale of automotive vehicles would open new opportunities for the market players in the coming years.
In the recent years, consumers have shifted their interest to automotive vehicles as these vehicles facilitate the luxury features such as sunroof, advance driving assistance system (ADAS), and others, which are technologically advanced as against traditional vehicles. For example, South Korean company Hyundai offers large full-length dual panel panoramic glass sunroof features to its upcoming hatchback model i30. This sunroof facilitates user with a power tilt & slide front panel along with luxurious look. The availability of advanced features at an affordable price is expected to create numerous opportunities for the players operating in the automotive panoramic sunroof market.
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Key Finding of The Automotive Panoramic Sunroof Market:
- Based on material type, the fiber segment is anticipated to grow at a lucrative growth rate.
- Based on vehicle type, the sedan segment was the highest revenue contributor in 2018.
- Based on region, Asia-Pacific is anticipated to exhibit the highest CAGR during the forecast period.
- Based on region, Europe contributed the highest automotive panoramic sunroof market revenue in 2018, followed by Asia-Pacific, North America, and LAMEA.
The automobile manufacturers and governments in various countries are taking initiatives and focusing toward the development of automotive panoramic sunroofs. In February 2018, the U.S.-based automakers has taken initiative to make sunroofs safer with the help of laminated safety glass. Furthermore, the National Highway Traffic Safety Administration (NHTSA) is putting efforts for regulations governing sunroofs. The Webasto’s automaker company invested around USD $2.86 (EUR2.5) million for expansion of Mexican plant in Puebla. This plant includes development, production, and sales of sunroofs, panoramic roofs, convertible roofs, and parking heaters, which in turn propel the growth of the Mexico automotive panoramic sunroof market. Further, the automotive industry giants are launching new range of automobiles with added features and panoramic sunroof due to rise in demand for luxury vehicles. For instance, Mercedes-Benz, a luxury vehicle manufacturer launched new Mercedes-Benz GLE Coupe 4Matic in the UK with panoramic sunroof system.
The global automotive panoramic sunroof market is segmented on the basis of material type, vehicle type, and geography. Based on material type, the fiber segment is anticipated the highest CAGR of 21.3% during the forecast period. However, the glass segment held the largest share in 2018, accounting for more than 90% of the market.
On the basis of vehicle type, the hatchback segment is expected to manifest the fastest CAGR of 19.6% during the forecast period. However, the sedan segment dominated the market in 2018, contributing to more than half of the market.
𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐚𝐭 – https://www.alliedmarketresearch.com/request-for-customization/6281
The global automotive panoramic sunroof market is analyzed across several regions such as North America, Asia-Pacific, Europe, and LAMEA. The market across Europe held the largest share in 2018, accounting for more than one-third of the market. However, the market across the Asia-Pacific region is anticipated to register the highest CAGR of 17.1% during the forecast period.
The global automotive panoramic sunroof market report includes an in-depth analysis of the major market players such as
CIE Automotive SA, Aisin Seiki Co. Ltd., Inalfa Roof Systems Group BV, Donghee Industrial Co. Ltd., Yachiyo Industry Co. Ltd., Webasto SE, Automotive Sunroof-Customcraft (ASC) Inc., Inteva Products, Magna International Inc., and BOS Group.
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