What is Automotive Panoramic Sunroof Market?
Automotive panoramic sunroof style is becoming more common on newer car models and it is widely used in Mercedes Benz and BMWs. Some of the major pros of automotive panoramic sunroof are panoramic sunroof provides natural air conditioning, provides the vehicle with an enhanced sense of openness, can serve as an emergency escape in some situations and others. Increased demand for premium vehicles and growing penetration of convertible roof system in SUV are some of the major factors which affect the growth of the market.
Highlights from Automotive Panoramic Sunroof Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia Pacific |
Current Market Size (2022) | USD1.53 Billion |
Unit | Value (USD Billion) |
Key Companies Profiled | Webasto (Germany), Inalfa Roof Systems Group (Netherlands), Inteva Products, LLC (United States), Yachiyo of America Inc. (United States), CIE Automotive (Spain), Aisin Seiki Co., Ltd. (Japan), Mobitech (Israel) and Donghee Industrial Co. Ltd (South Korea) |
CAGR | 15.4% |
The global automotive panoramic sunroof market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. Some of the major players operating in this market are Webasto (Germany), Inalfa Roof Systems Group (Netherlands), Inteva Products, LLC (United States), Yachiyo of America Inc. (United States), among others. Research Analyst at AMA predicts that Japan Vendors will contribute to the maximum growth of Global Automotive Panoramic Sunroof market throughout the forecasted period.
Webasto (Germany), Inalfa Roof Systems Group (Netherlands), Inteva Products, LLC (United States), Yachiyo of America Inc. (United States), CIE Automotive (Spain), Aisin Seiki Co., Ltd. (Japan), Mobitech (Israel) and Donghee Industrial Co. Ltd (South Korea) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Wanchao (China). Automotive Panoramic Sunroof Market Segmentation:
Scope | Sub-Segments |
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Type | Multi-Panel Sunroof and Single Panel Sunroof |
Sales Channel | OEMs,Aftermarket |
Material Type | PVC,Carbon Fiber,Others |
Body Style Type | Sedan/Hatchback,SUV,Roadster/Sports Car |
According to AMA, the Global Automotive Panoramic Sunroof market is expected to see steady growth rate and may see market size of USD4.3 Billion by 2028.On the basis of geography, the market of Automotive Panoramic Sunroof has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technology Advancement in Automotive Panoramic Sunroof
Market Growth Drivers:
The demand for automotive panoramic sunroof has increased, due to increasing demand in the automotive industry. For instance, as per an article published by India Brand Equity Foundation, in 2018, India became the 4th largest auto market with sales increasing more than 8.3% year-on-year to 3.99 million units. Hence, it will drive the market growth.
Challenges:
A major problem such as driving in the rain is much louder when the vehicle has a panoramic sunroof which could be challenges for market growth
Restraints:
During the day time, the panoramic sunroof design allows more heat to enter the vehicle and adds noise and complexity to the vehicle are some of the major restraints for market growth.
Opportunities:
Growing Demand from Emerging Market
Key Target Audience
Automotive Panoramic Sunroof Companies, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others
Market Leaders & Development Strategies
In December 2021-Stallion Group acquires MG Motor's franchise, set to assemble the nation’s exclusive distributor for its iconic automobile brand of British origin. Stallion’s push for the MG Motor franchise was motivated as the nation’s leading quality automobile sales and service provider, with a clear understanding of Nigeria’s taste for quality vehicles.
In March 2022- Tokyo-based AGC developed a light-control panoramic roof with a low-E coating for a Toyota group model. The use of low-E glass with high solar control and heat-insulating performance allows the panoramic roof to provide both an open cabin environment and a comfortable cabin temperature while the elimination of a sunshade contributes to a lighter body. and In June 2021, Webasto announced that it is supplying the elegant sliding panorama sunroof for the new Mercedes-Benz S-Class. Two roof modules allow the driver and passenger in the rear of the vehicle to determine their desired settings individually and independently of each other.
Some automakers have already made steps to make sunroofs safer by employing laminated safety glass, and new devices in development may help prevent sunroof ejections during rollovers. Furthermore, a new test developed by experts at the National Highway Traffic Safety Administration could indicate that the federal government is laying the framework for sunroof laws.