Automotive Sunroof Drive Market and Forecast to 2030
Reports & Insights has recently released a report titled "Automotive Sunroof Drive Market: Opportunity Analysis and Future Assessment 2023-2030" that emphasizes market-related information, including commercial potential, future opportunities and challenges, current trends, and more in an incredibly meticulous and thorough way. The base year for the study is 2021, and the market size is forecast for the years 2023 through 2030. Additionally, the research contains information about market size, segmentation, and textual & graphical analysis of worldwide market growth patterns during the forecast period of 2023 to 2030.
According to Reports and Insights analysis, the global automotive sunroof drive market is estimated to be US$ 1,665.0 Mn in 2022. Furthermore, the automotive sunroof drive market to register a CAGR of 5.8% which is expected to result in a market forecast value for 2030 of US$ 2,620.3 Mn.
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This market study on the global automotive sunroof drive market aims to cover market dynamics such as market drivers, challenges/restraints, and opportunities for the market players. It will also cover market segmentation outlook, automotive sunroof drive market trend, regional outlook, automotive sunroof drive market size, and market share, as well as industry and product insights, SWOT analysis, Porter's five force analysis, PESTEL analysis, heat map analysis, market forecast, and the major players operating in the Automotive Sunroof Drive Market Size.
An aperture on the top of the car called an automotive sunroof lets light and fresh air into the inside of the car. By improving air circulation and supplying enhanced brightness and illumination during the day, it raises the comfort level of passengers. Depending on the type of car, sunroofs are either transparent or opaque panels that can be opened manually or electrically. They come in a variety of sizes, shapes, and styles. The need for sunroofs is now rising as original equipment manufacturers (OEMs) create cutting-edge methods to make them, such as composite materials for creating lightweight sunroof solutions.
Automotive Sunroof Drive Market Drivers:
The development of glass technology and the rise in demand for convenience, comfort, and safety features are the main drivers behind the growth of the worldwide automotive sunroof market. A power sunroof's poor penetration in low-segment automobiles and high integration and maintenance costs, however, restrain market expansion. Additionally, it is projected that during the projection period, the market would have plenty of potentials to grow due to the rise in penetration of solar sunroofs in electric vehicles and boosting vehicle sales.
The growing trend among automakers to offer car sunroofs as an optional feature in the majority of passenger automobiles is one of the main drivers promoting growth. The sector is anticipated to benefit from expanding auto production and expanding sales of luxury and high-end vehicles.
Automotive Sunroof Drive Market Restraints:
The laminar airflow creates a turbulent top of extra drag when the sunroof is open while traveling at high speeds, which affects the aerodynamics of the vehicle. Because it's made of glass, it may break. The cost of replacement/repairs will be significant if it occurs.
A significant factor that is anticipated to restrain the growth of the global automotive sunroof market over the forecast period is the increase in sunroof-breaking incidents. Sunroof-shattering incidents have been reported all over the world, which has had a substantial negative impact on the adoption of sunroof systems, particularly in areas with severe weather. Despite the fact that these incidents did not result in any serious injuries, people are nevertheless hesitant to choose sunroofs for their cars. As a result, it is anticipated that this factor will slow market expansion.
Automotive Sunroof Drive Market Opportunities:
Over the forecast period, the global Automotive Sunroof Market Size is expected to provide industry participants with a wealth of development prospects due to the increasing penetration of solar sunroofs in electric vehicles (EVs) and an increase in vehicle sales worldwide. The automotive sector is concentrating on sustainability thanks to several firms. Electric automobiles with solar sunroofs can use the energy captured from the sunroof to power some of the amenities in the car.
For example, Mercedes-Benz unveiled the Vision EQXX in January 2022, a new electric vehicle featuring tiny crystalline solar cells on the top that produce energy to run the lighting, a climate blower, an infotainment system, and other functions of the vehicle.
Over the course of the projected period, continuous technological advancement in electric car sunroofs is likely to open up new potential prospects. Automobile and component makers, including those that make sunroofs, are putting more of a focus on research and development activities to create products that expand the range of hybrid and electric vehicles as the globe transitions to electric transportation. The worldwide automobile sunroof market is thereby anticipated to increase as a result of this feature in the coming years.
Automotive Sunroof Drive Market Segmentation Stance:
By Components
Connector
Electronics
Gear
Motor
DC Brushed Motor
DC Brushless Motor
By Product
Built-in
Folding
Panoramic Sunroof
Pop-up
Top Mount/Spoiler
By Operation
Manually Operated
Automatic
By Vehicle Type
Passenger Car
Hatchback
Sedan
SUV
Commercial Car
By Distribution Channel
Aftermarket
OEM
Some of the Key Questions Answered in this Report:
Which are the five top players of the Automotive Sunroof Drive market?
How will the Automotive Sunroof Drive market change in the upcoming years?
Which product and application will take a share of the Automotive Sunroof Drive market?
What are the drivers and restraints of the Automotive Sunroof Drive market?
Which regional market will show the highest growth?
What will be the CAGR and size of the Automotive Sunroof Drive market throughout the forecast period?
What is the current market size, what will the market size be in 2030 and what will the growth rate be?
What are the challenges to grow in the market?
What are the market opportunities and challenges faced by the key vendors?
Who are the major competitors and what is their strategy?
What are the barriers to entry for new players in the market?
Automotive Sunroof Drive Market by Region:
Over the course of the forecast, North America is among the areas expected to experience the most significant growth in the worldwide automobile sunroof market. Large-scale domestic production in the United States is credited with this expansion. The United States is home to several major global manufacturers that produce more than eight million passenger vehicles annually.
Due to the increased demand for luxury vehicles in developing nations like China and India, where disposable income is increasing, Asia Pacific is also expected to lead the worldwide automotive sunroof market throughout the forecast period.
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