Rise in Demand for Luxurious Passenger Vehicles Expected to drive Global Automotive Panoramic Sunroof Market: Ken Research

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The automotive panoramic sunroof is a sunroof primarily used for covering the entire roof of a vehicle which is traditional sunroof. The automotive panoramic sunroof can be of fixed and open able type, it further enhances the external and internal appearances of the vehicle. The automotive panoramic sunroofs offer the enhanced brightness over the day time that makes a vehicle’s interior appears to be spacious.

According to study, “Automotive Panoramic Sunroof Market by Material Type (Glass and Fiber) and Vehicle Type (Hatchback, Sedan, Sport Utility Vehicle (SUV), Battery Electric Vehicle (BEV), Hybrid Electric Vehicle (HEV), and Plug in Hybrid Vehicle (PHEV)): Global Opportunity Analysis and Industry Forecast, 2019-2026”. Some of the key companies operating in the global automotive panoramic sunroof market are Aisin Seiki Co. Ltd., Donghee Industrial Co. Ltd., CIE Automotive SA, Inalfa Roof Systems Group BV, Webasto SE, Inteva Products, BOS Group, Magna International Inc., and Automotive Sunroof-Customcraft (ASC) Inc. Yachiyo Industry Co. Ltd.

Based on type, automotive panoramic sunroof market is segmented into fixed and open-able. Based on panel type, market is segmented into single panel sunroof and multi panel sunroof. Based on material type, market is segmented into fiber and glass. Glass type materials include solar sunroof, tilt & slide, pop-up sunroof and panoramic sunroof. The fiber segments further holds key share in the market as a fiber panoramic sunroof is immune for rusting, rotting, and resistant to fire as well, making it more durable and safe over the roofing material. Additionally, the glass segment is further expected to show high growth rate owing to advantages opening over the roof panel sliding between metal roof and interior headliner. Based on vehicle type, market is segmented into electric powered vehicle and gasoline powered vehicle. Electric powered vehicle includes hybrid electric vehicle (HEV), battery electric vehicle (BEV) and plug-in hybrid vehicle (PHEV). In addition, based on sales channel, market is segmented into aftermarket and OEM.

The automotive panoramic sunroof market is driven by rise in demand for safety, comfort and convenience features, followed by growth in innovation in glass technology and increase in consumer preference to install these products or improve the overall attractive appeal of the vehicle. However, low penetration of power sunroof in low segment vehicles and high integration & maintenance cost may impact the market. Moreover, increase in sale of automotive vehicles and rise in penetration of solar sunroof in electric vehicles are key opportunities for market.

Based on geography, the North-American region holds major share in automotive panoramic sunroof market owing to rise in demand for luxurious passenger vehicles, increase in need for OEM sales channel to differentiate themselves in the highly competitive automotive market and growth in adoption of automotive technologies in the region. Whereas, the Asian-Pacific and European regions are expected to exhibit considerable growth rate due to growth in urbanization and rise in adoption of smart glass technology in panoramic sunroof over the forecast period. In near future, it is projected that the global market will be reached at rapid pace on account of increase in preference of smart glass in modern vehicles for improvement of vehicle fuel efficiency during the forecast period.

For More Information, click on the link below:-

Global Automotive Panoramic Sunroof Market Research Report

Related Reports:-

Global Automotive Panoramic Sunroof Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use

Global Automotive Panoramic Sunroof Market Research (2015-2019) and Future Forecast (2020-2025)

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Ken Research

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