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The automotive panoramic sunroof market share is expected to increase by USD 7.29 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 9.76%.
This automotive panoramic sunroof market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers automotive panoramic sunroof market segmentation by application (SUV, sedan and hatchbacks, and others) and geography (APAC, North America, Europe, South America, and Middle East and Africa). The automotive panoramic sunroof market report also offers information on several market vendors, including AGC Inc., Aisin Corp., BOS GmbH & Co. KG, CIE Automotive SA, Continental AG, Fuyao Glass America, Inteva Products LLC, Webasto SE, Volkswagen AG, and Yachiyo Industry Co. Ltd. among others.
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The growing innovations in glass technology is notably driving the automotive panoramic sunroof market growth, although factors such as high integration and maintenance cost may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the automotive panoramic sunroof industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Automotive Panoramic Sunroof Market Driver
One of the key factors driving the global automotive panoramic sunroof market growth is the growth in innovations in glass technology that assist sunroof glassmakers in creating several types of glasses. These glasses such as tempered glass, laminated glass, and green glass protect from UV radiation. For instance, Mercedes-Benz gives a panoramic Vario-roof with magic sky control to the SLK model, which creates a comfortable ambiance inside the car. Furthermore, this technology takes advantage of creative new glass characteristics, such as translucent or darker glass, to provide an open-air experience during chilly weather and prevent direct sunlight by providing a refuge of shades. Moreover, Webasto's new unique solar sunroof, in conjunction with the novel convertible panoramic sunroof utilized in the Volkswagen Eos, enables flexibility to regulate natural light better. Such factors are expected to support the market growth during the forecast period.
Key Automotive Panoramic Sunroof Market Trend
Increased adoption of the sunroof in sports utility vehicles is one of the key automotive panoramic sunroof market trends that is expected to impact the industry positively in the forecast period. Panoramic sunroofs come in both fixed and openable varieties; as they allow sunlight to pass through them, they enhance the brightness of the vehicle. Consumer preference for a more comfortable driving experience is predicted to increase demand for automotive panoramic sunroofs. These sunroofs help keep the vehicle adequately aired and preserve optimum airflow. The panoramic sunroof further increases passenger comfort. In addition, increasing disposable income and changing consumer lifestyles are also projected to drive demand for the vehicle panoramic sunroof market during the forecast period.
Key Automotive Panoramic Sunroof Market Challenge
One of the key challenges to the global automotive panoramic sunroof market growth is the high integration and maintenance cost. A sunroof can leak or cease operating for various causes, including defective motors, faulty tracks, and cracked or chipped glass. Rain sensors, power-operated sliding glass panels, aluminum or plastic handles, and other accessories are less expensive than steel or carbon fiber. These components are combined onto a single plate, which contributes to the overall weight of the sunroof. In addition, they need frequent maintenance, which is expected to hamper the expansion of the global automotive panoramic sunroof market during the forecast period.
This automotive panoramic sunroof market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global automotive panoramic sunroof market as a part of the global auto parts and equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the automotive panoramic sunroof market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the automotive panoramic sunroof market encompasses successful business strategies deployed by the key vendors. The automotive panoramic sunroof market is concentrated and the vendors are deploying growth strategies such as marketing and M and A activities to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The automotive panoramic sunroof market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the automotive panoramic sunroof market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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40% of the market's growth will originate from APAC during the forecast period. US, Canada, China, Japan, Germany, and France are the key markets for automotive panoramic sunroof market in APAC. Market growth in this region will be faster/slower than the growth of the market in regions.
Growing car customization trends and the presence of major automotive manufacturers, such as Hyundai-Kia, Tata Motors Limited, Lexus, and Toyota will facilitate the automotive panoramic sunroof market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The automotive panoramic sunroofs market in APAC is expected to witness slow growth due to the outbreak of COVID-19 in 2020. Countries such as India, China, and Australia have been severely affected by the pandemic in the region. For instance, according to the data stated by the ECDC, the number of COVID-19 cases reported in China, India, and Malaysia are 135,299 confirmed with 5,700 deaths, 36,582,129 confirmed with 485,350 deaths, and 2,798,917 confirmed with 31,750 deaths, respectively, in January 2022. However, the situation is expected to improve during the forecast period, owing to various factors such as the growing focus of automobile manufacturers to develop new vehicles with advanced features, rising adoption of advanced technologies, and an increasing number of automobile manufacturers in countries across the region.
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The automotive panoramic sunroof market share growth by the SUV segment will be significant during the forecast period. The significant growth in the demand for convenience and safety features in the SUV segment will be driving the adoption of the panoramic sunroof in this segment in the coming years.
This report provides an accurate prediction of the contribution of all the segments to the growth of the automotive panoramic sunroof market size and actionable market insights on post COVID-19 impact on each segment.
Automotive Sunroof -The market size will record an incremental growth of USD 6.35 billion and a CAGR of over 10% during 2020-2024.
Automotive Panoramic Sunroof Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 9.76% |
Market growth 2022-2026 |
$ 7.29 billion |
Market structure |
Concentrated |
YoY growth (%) |
9.29 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 40% |
Key consumer countries |
US, Canada, China, Japan, Germany, and France |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
AGC Inc., Aisin Corp., BOS GmbH & Co. KG, CIE Automotive SA, Continental AG, Fuyao Glass America, Inteva Products LLC, Webasto SE, Volkswagen AG, and Yachiyo Industry Co. Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Application
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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