Automotive Sunroof Market Size Set to Register 6120 million USD by 2027
Category: #business  By Partha Ray  Date: 2020-06-23
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Automotive Sunroof Market Size Set to Register 6120 million USD by 2027

According to the research report titled ‘Automotive Sunroof Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Type; Material; Application, available with Market Study Report LLC, global automotive sunroof market was worth USD 5104.70 million in 2019 and is anticipated to amass USD 6120 million by the year 2027, growing with a CAGR of 3.2% during 2019-2027.

The global automotive sunroof market landscape is defined by a few prominent international companies which are collectively contributing towards industry revenue and volume. These market majors offer several sunroof products and serve leading automotive brands. Surging production of automobiles, rising disposable income and consumer preference for high-end premium vehicles are propelling the growth of automotive sunroof market.

However, outbreak of COVID-19 pandemic which started in China (Wuhan) has adversely affected the global automotive sunroof market. Strong presence of companies like Webasto which have numerous production and manufacturing facilities in China’s central province Wuhan are facing a decline in production of sunroof products, thereby hampering the market growth.

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Furthermore, nation-wide lockdown followed by the rapid spread of virus disturbed the supply chain activities and automotive production capabilities, virtually decreasing the demand from various automotive manufacturers and customers.

With respect to the type terrain, the market is classified into slide-out sunroof, panoramic sunroof, slide-in sunroof, and pop-up. Based on material spectrum, the industry is divided into fabric and glass. With regards to the application scope, automotive sunroof market is categorized into sedan, premium cars, and SUVs.

Considering the regional overview, worldwide automotive sunroof market is divided into Asia Pacific comprising of China, Japan, India, Australia, South Korea, and Rest of Asia-Pacific; Middle East & Africa consists of UAE, South Africa, Saudi Arabia,  and Rest of the Middle East & Africa; South America is further split into Brazil, Argentina, and Rest of South America; North America is fragmented into US, Canada, and Mexico; and Europe contains UK, Germany, France, Italy, Russia, and Rest of Europe.

Across North America, the US is the most effected country with respect to COVID-19 infected individuals. The outbreak of virus has led the government to impose nation-wide lockdown. Several manufacturing plants have shut down, the semiconductor and automotive industries are at halt, and the municipalities are functioning slowly as compared to the past. All these factors, owing to COVID-19 pandemic are reckoned to result in sluggish growth of automotive sunroof market in North America.

The key players in global automotive sunroof market are Automotive Sunroof-Customcraft (ASC) Inc., Webasto Group, Aisin Seiki Co. Ltd, Corning Inc., Yachiyo Industry Co. Ltd., ACS France SAS, and Inalfa Roof Systems Group B.V among others.

 

Question & Answer: Global automotive sunroof market

Question 1: How will COVID-19 outbreak impact North America automotive sunroof market?

Answer: Several manufacturing plants have shut down, the semiconductor and automotive industries are at halt, and the municipalities are functioning slowly as compared to the past in the US owing to COVID-19 pandemic which will result in sluggish growth of automotive sunroof market in North America.

 Question 2: Why is automotive sunroof market registering global expansion?

Answer: Surging production of automobiles, rising disposable income and consumer preference for high-end premium vehicles are propelling the growth of automotive sunroof market.

Question 3: Which are the key players in the global automotive sunroof market?

Answer: The key players in global automotive sunroof market are Automotive Sunroof-Customcraft (ASC) Inc., Webasto Group, Aisin Seiki Co. Ltd, Corning Inc., Yachiyo Industry Co. Ltd., ACS France SAS, and Inalfa Roof Systems Group B.V among others.

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About Author

Partha Ray    

Partha Ray

Partha is into digital marketing since the last 3 years and has worked on multiple projects across various industries. An Computer Science engineer by education, he has prior experience in software development. His other interests include playing cricket & Hockey.

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