Global Automotive Sunroof Market to Set Phenomenal Growth from 2020 to 2025
The global AutomotiveSunroof market crossed 6.2 billion in 2016 and is expected to grow considerably by 2025 with increasing consumers demand for luxury cars. Automotive sunroof is the roof opening in 4-wheelers just like one with coverable metal panel. Consumers mainly look for comparatively higher comfort for their cars than before. Presently, the air-conditioning and sunroofs are no more high-class components of modern luxury cars. With the growing competitive market, the vehicle manufacturers are making use of sunroofs and other equipment to build innovative designs. Some of the driving factors of the market include the need to manage light inside the vehicle and wider glass surface area in vehicles like larger sunroofs. These factors are expected to boost automotive sunroof market with a CAGR of 6.9% in the coming years.
Technological
advancements in the vehicle industry such as installation of automotive sunroof
is a major reason behind the increased comfort, safety and visually appealing
features by customers. The sunroofs help the vehicle to get better air
circulation along with improved lighting and brightness while daytime. This
automatically increases the passengers’ comfort level inside the car.
Currently, numerous manufacturers have begun using smart glasses, which takes
care of the security issue.
A
smart glass is light in weight, raises the vehicle’s fuel efficiency, offer
improved control on heat and light emission and lowers the use of (HVAC)
heating ventilation and air conditioning unit to maintain the inner vehicle’s
temperature. OEMs like Audi, Mercedes-Benz, BMW are successively using smart
glass for the sunroof in their vehicles. This is expected to lead the market
with positive development in the coming years.
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In
the previous years, the automotive sunroof industry witnessed major
technological advancements by using different materials. Today, the vehicle
makers are largely opting for durable high-tech materials like ethylene
propylene diene monomer rubber products and silicone, which prevents the
harmful UV radiations. Over the years, the industry is expected to grow
impressively displaying dynamic technological innovations and improvements in
leakage issues.
The
after sales market is also fuelling up the growth of automotive sunroof industry.
The rising alternative fuel vehicle division is inspiring the development of
sunroofs with built-in solar cells that provides power to vehicles. Customers
are now preferring sunroof, which is one of the major trends observed in the
automotive sunroof market in the coming years. Moreover, the technological
development for cost reduction and expanding functionality of sunroof glasses
are on hike. This growing consumer demand for automotive sunroof vehicles in
the developing countries is expected to drive the market.
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The
automotive sunroof industry is categorized on the basis of material type, glass
type and sunroof type. On the basis of material type, the market is divided
into Glass Sunroof type and Fiber Sunroof type. The Glass Sunroof type is
expected to dominate the market growth in terms of revenue. On the basis of
Glass Type, the industry is divided into Laminated Glass Sunroof and Tempered
Glass Sunroof. On the basis of Sunroof Type, the industry is divided into
In-Built Glass Sunroof, Tilt and Slide Glass Sunroof, Panoramic Glass Sunroof,
Top-Mount Glass Sunroof, Pop-Up Glass Sunroof and Solar Glass Sunroof.
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