The Global Automotive Panoramic Sunroof market holds the potential to reach USD XX Mn. by 2027 during a forecast period.
The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
Global Automotive Panoramic Sunroof Market is Automotive Panoramic Sunroof is a wide transparent opening space on the automobile roof. Primarily glass is installed in the sunroof to pass the sunlight into the vehicle compartment. These sunroofs are mostly used in premium luxury automotive. However, the recent growth in popularity of the panoramic sunroof has increased their applicability in mid-range vehicles.
The report has covered, demand drivers & pricing by region, and the profit margins of key players operating in this industry. A detailed analysis of restraints and challenges in the market is also covered with examples by region. It also has covered the analysis of key player’s growth strategies, micro and macro analysis of markets, key developments, and key trends in the market.
Market Dynamics
A growing trend in the use of sunroofs in premium and mid-range vehicles is driving the market
Growing consumer preference for the use of the automotive panoramic sunroof is driving the global automotive panoramic sunroof market. Increasing use of sunroofs in premium, exotic, and midrange vehicles is expected to propel the market growth during the forecast period. Panoramic sunroofs are of both types fixed and openable, as they allow sunlight to pass through them, it enhances the brightness of the vehicle. With enhanced brightness, the vehicle interior looks more spacious.
The automotive panoramic sunroof also improves the aesthetic of the automobile. Increasing consumer preference for a comfortable driving experience is also expected to drive the demand of the automotive panoramic sunroof market. These sunroofs can maintain proper airflow in the vehicle and keeps the vehicle well ventilated. The panoramic sunroof also improves comfort for the passengers. Growing disposable income and changing lifestyles of the populace are also expected to increase the demand of the automotive panoramic sunroof market during the forecast period. Increasing demand for passenger vehicles is also expected to boost the market demand over the forecast period.
The additional weight of the panoramic sunroof is expected to hinder the market growth
Panoramic sunroof assembly weighs around 90Kg; hence they add extra weight to the vehicle. This additional weight of the sunroof reduces the fuel efficiency of the vehicle. In addition to this, these sunroofs increase the temperature of the vehicle compartment. All these factors are expected to hinder the growth of the market during the forecast period.
The growing demand for Premium and exotic automobiles is expected to create new opportunities
Changing lifestyle and increasing disposable income has increased the demand for premium and exotic vehicles, this is further expected to create new opportunities for the panoramic sunroof market during the forecast period. Increasing demand for high-performance electric the vehicle is also expected to accelerate the market growth over the forecast period.
Scope of the Global Automotive Panoramic Sunroof Market
The market is divided into six main segments and further into sub-segments to forecast the market size by value.
By Material
• Glass
• PVC
• Carbon fiber
• Others
The glass segment is expected to command the largest market share of XX% by 2027
Global Automotive Panoramic Sunroof Market
The glass segment held the largest market share in 2019 and expected to continue its dominance during the forecast period. Advancing technology and innovation in the quality of glass is the driving factor for the market. Properties of glass such as transparency and reflection of UV light are expected to increase the demand of the glass segment.
By Vehicle Type
• Passenger Vehicle
• Commercial Vehicle
Passenger Vehicle is expected to command the largest market share of XX% by 2027
Global Automotive Panoramic Sunroof Market1
Increasing sales of passenger vehicles are expected to increase the demand of the automotive panoramic sunroof market during the forecast period. The growing popularity and consumer preference for premium vehicles are anticipated to increase the demand of the market. The increasing adoption of electric and hybrid vehicles is also driving the market. Consumer inclination towards vehicles like SUV, Sedan is also expected to propel the market growth during the forecast period. Very few commercial vehicles use sunroof hence their demand is moderate in the commercial segment.
By Type
• Fixed
• Openable
Openable Segment is expected to command the largest market share of XX% by 2027
Openable panoramic sunroofs are more popular among the populace, thanks to the extra features provided by openable sunroofs. An openable sunroof allows sunlight as well as air to pass through it. An openable sunroof adds extra comfort to the passenger as it cut-offs the gushing wind noise and still ventilates the vehicle compartment. Considering all these factors demand for the openable sunroof is expected to increase during the forecast period. Fixed sunroofs are also expected to experience significant growth during the forecast period.
Growing demand and production of passenger vehicle is expected to accelerate the growth of the Automotive Panoramic Sunroof market during the forecast period. Growing disposable income and changing lifestyle of the populace is expected to increase the sales of the passenger vehicle, which is further expected to create a positive influence on the Automotive Panoramic Sunroof market over the forecast period. The commercial vehicle segment is also expected to experience significant growth during the forecast period.
By Vehicle Class Type
• Luxury Vehicle
• Semi-Luxury Vehicle
By Sales Channel
• OEM
• Aftermarket
By Region
• North America
• Europe
• Asia-Pacific
• Middle East & Africa
• South America
APAC is expected to command the largest market share of XX% by 2027
Asia Pacific is expected to command the largest market share of XX% by 2027, thanks to the increasing sales of passenger vehicles in the region. The surge in demand for premium and mid-range vehicles in countries like China, India, South Korea, and Japan is expected to propel the market growth during the forecast period. The increasing adoption of hybrid and electric vehicles is also expected to increase the demand of the automotive panoramic sunroof market during the forecast period.
A Government initiative to increase the adoption of an electric vehicle by providing low tax and generous subsidies is anticipated to increase the demand of the market. Increasing applicability of sunroofs in a different range of vehicles is also anticipated to increase demand of the market in emerging countries of APAC. Increasing automotive manufacturers in APAC is the supporting factor for the market. Increasing disposable income in emerging countries like India, South Korea is expected to create new opportunities for the market in the region.
Europe is expected to hold the second-largest market share of XX% by 2027, thanks to the increasing demand for passenger vehicles and stringent regulations from the government regarding emission control. Already the presence of a strong electric vehicle charging station network and growing adoption of an electric vehicle by the populace is expected to fuel the market growth during the forecast period.
The presence of key players in the region is the supporting factor for the market. The growing investment of key players like BMW and Audi in technological innovation of premium and exotic vehicles is expected to boost the automotive panoramic sunroof market during the forecast period.
Global Automotive Panoramic Sunroof Market2
Covid-19 Impact on the Global Automotive Panoramic Sunroof Market:
• The coronavirus pandemic has placed tremendous pressure on businesses and sectors across the globe. Governments from all countries have introduced a lock-up to detect the transmission of infectious diseases. The contribution of these regulations has created a negative impact on the automotive industry.
• The coronavirus adversely impacted the Automotive Panoramic Sunroof market. The interruption of export and import operations due to limitations on foreign flights would further restrict the market’s development. The disruption caused by the lockdown would harm the market. Most of the industries are not functioning properly due to the influence of Covid-19 which has caused an adverse impact on the Global Automotive Panoramic Sunroof Market.
The objective of the report is to present a comprehensive analysis of the Global Automotive Panoramic Sunroof Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language.
The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Automotive Panoramic Sunroof Market dynamics, structure by analyzing the market segments and projects the Global Automotive Panoramic Sunroof Market size. Clear representation of competitive analysis of key players By Type, price, financial position, growth strategies, and regional presence in the Global Automotive Panoramic Sunroof Market makes the report investor’s guide.
Key Players
As the market is consolidated by the major players, a limited number of manufacturers are present in the market. These major players are collaborating and acquiring regional players for the business expansion. Major players like Daimler, Audi, and others are working in partnership with Tier-1 suppliers for the R&D and global expansion. The report also covers details of key players and their business strategies.
Some of the Key Players Operating in the Global Automotive Panoramic Sunroof Market
• Volkswagen
• BMW
• Audi
• Daimler
• Magna International
• Webasto
• CIE Automotive
• Inalfa Roof Systems Group B.V.
Valmet Automotive
By Material
• Glass
• PVC
• Carbon Fiber
• Others
By Vehicle Type
• Passenger Vehicle
• Commercial Vehicle
By Type
• Fixed
• Openable
By Vehicle Class Type
• Luxury Vehicle
• Semi-Luxury Vehicle
By Sales Channel
• OEM
• Aftermarket
By Region
• Asia-Pacific
• North America
• Europe
• South America
• Middle East & Africa
Key Players
• Volkswagen
• BMW
• Audi
• Daimler
• Magna International
• Webasto
• CIE Automotive
• Inalfa Roof Systems Group B.V.
• Valmet Automotive
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