The Europe Automotive Sunroof Market would witness market growth of 8.2% CAGR during the forecast period (2023-2030).
Rising passenger vehicle sales will impact industry demand from rising per capita income and consumer expenditure on improved ventilation and brighter vehicle interiors, enhancing the overall driving experience. Furthermore, the demand for automotive solar roofing is propelled by technological advancements in solar roofing materials. Consequently, continuous advancements in design and materials with the aim of weight reduction and stability provision are driving the expansion of the market.
Sport utility vehicles (SUVs) are a highly sought-after automotive segment owing to their extensive selection of vehicles offering unparalleled versatility in range, powertrain, and features. It is anticipated to witness an increased adoption, particularly in developing nations, as consumer demand in these regions is growing faster. Thus, these factors have compelled manufacturers such as Ford, Chevrolet, Toyota, and Kia, among others, to provide equipped features for enhanced customer satisfaction, as they were initially restricted to premium cars. For instance, in Oct 2021, Mahindra introduced the XUV700 with a sunroof to improve the passenger experience. The automobile provides a natural condition and enhances the vehicle's aesthetics.
As per Germany Trade and Invest, in 2021, German automakers manufactured more than 15.6 million vehicles. German firms comprise fifteen of the top seventy-five automotive suppliers worldwide. Germany leads Europe in automobile production, with around 3.1 million passenger cars and 351,000 commercial cars produced in German facilities in 2021. German automakers set global standards for automotive design and innovation. The incorporation of sunroofs in German vehicles influences global design trends. As German vehicles with sunroofs gain popularity, the industry for sunroof-equipped vehicles expands worldwide. Due to the aforementioned factors the market growth will drive in this region.
The Germany market dominated the Europe Automotive Sunroof Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $791.7 Million by 2030. The UK market is exhibiting a CAGR of 7.2% during (2023 - 2030). Additionally, The France market would experience a CAGR of 9% during (2023 - 2030).
Based on Material, the market is segmented into Glass and Fabric. Based on Vehicle Type, the market is segmented into Gasoline Powered Vehicle and Electric Powered Vehicle. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Automotive Sunroof Market will Hit $13.2 Billion by 2030, at a CAGR of 8.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Magna International, Inc., Aisin Corporation (Toyota Motor Corporation), Inteva Products, LLC (The Renco Group Inc), Webasto Group, Inalfa Roof Systems Group B.V (BHAP family), CIE Automotive, S.A., MITSUBA Corporation, Valmet Oyj, BOS GMBH & CO. KG, and Johnan Manufacturing Inc.
By Material
By Vehicle Type
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