The Latin America, Middle East and Africa Automotive Sunroof Market would witness market growth of 10.1% CAGR during the forecast period (2023-2030).
The automotive sunroof market has witnessed a remarkable evolution over the years, transforming from a luxury feature reserved for high-end vehicles to a mainstream inclusion in various automobiles. A sunroof is a movable panel made of glass or transparent material installed on the roof of a vehicle to allow natural light and ventilation into the cabin. This feature has become increasingly popular among customers, contributing to the vehicle's overall driving experience and aesthetics.
Panoramic sunroofs, also known as moonroofs, cover a significant portion of the vehicle's roof, providing an expansive view of the sky. These sunroofs are often divided into fixed panoramic sunroofs and sliding panoramic sunroofs. Fixed versions enhance the aesthetics and natural light within the cabin, while sliding variants allow users to open or close the roof, offering a customizable experience. In-built sunroofs are integrated into the vehicle's roof, allowing for a seamless design. They can be either fixed or movable, providing flexibility in terms of customization and functionality. In-built sunroofs are commonly found in mid-range vehicles, contributing to a sense of openness within the cabin.
According to UAE Stat, the total disposable income in UAE was 1,100,319 AED in 2020. Consumers with greater disposable income may prioritize the overall driving experience and lifestyle when purchasing vehicles. Growing disposable income often correlates with increased economic confidence. When consumers feel financially secure, they are more likely to purchase discretionary vehicles with premium features. As a result, these aspects will boost the market growth in the coming years.
The Brazil market dominated the LAMEA Automotive Sunroof Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $341.8 Million by 2030. The Argentina market is registering a CAGR of 10.7% during (2023 - 2030). Additionally, The UAE market would showcase a CAGR of 9.8% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Automotive Sunroof Market is Projected to reach USD 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
By Country
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