Market Introduction
China, India, Japan, South Korea, and the Rest of APAC are among the major contributors to the automotive sunroof market in APAC. The region has a strong automotive sector, which is supported by the growing automotive manufacturing industry in countries such as India, China, and South Korea. Moreover, India, China, South Korea, and Japan are among the leading vehicle manufacturing countries in the world. Therefore, a strong automotive manufacturing sector in these countries is expected to support the growth of the automotive sunroof market in the region in the coming years.
APAC has the presence of a few of the major automotive manufacturers, such as Hyundai-Kia, Suzuki, Mitsubishi, Tata Motors Limited, Lexus, and Toyota. Also, a large number of automotive sunroof makers and suppliers, such as Dongfeng Renault, GAC Toyota, Maruti Suzuki, Mahindra & Mahindra, and Audi, are present in the region. Also, the governments of various APAC countries are taking initiatives for the development of the automotive sector the respective countries; for instance, under Union Budget 2019-2020, the government of India announced its plans to set up R&D centers at an expenditure of US$ 388.5 million to enable the automotive sector to meet the global standards. Such government initiatives in different countries are likely to generate huge demand for automotive sunroofs in the region.
Market Overview and Dynamics
The Automotive Sunroof market in Asia Pacific was valued US$ 1,440.17 million in 2019 and is projected to reach US$ 1,600.89 million by 2027; it is expected to grow at a CAGR of 6.5% from 2020 to 2027. The global automotive production strongly depends on China, and the COVID-19 pandemic outbreak resulted in the supply shortage, affecting the assembly of OEM in all regions. About two-thirds of the auto-production in China was directly affected by the shutdown, which has an adverse impact on its suppliers as well. Therefore, the COVID-19 outbreak has limited the operations of the automotive manufacturing industry in APAC, which would impact the growth of the automotive sunroof market in the coming years.
Key Market Segments
In terms of type, the slide-in sunroof segment accounted for the largest share of the Asia Pacific automotive sunroof market in 2019. In terms of material, the glass segment held a larger market share of the automotive sunroof market in 2019. In terms of application, premium cars segment held the prime market share in the Asia Pacific automotive sunroof market.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the automotive sunroof market in Asia Pacific are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are ACS France SAS, Aisin Seiki Co. Ltd, Automotive Sunroof-Customcraft (ASC) Inc., Corning Incorporated, Inalfa Roof Systems Group B.V., Johnan Manufacturing Inc, Saint-Gobain Sekurit, Sunny Enterprises, Webasto Group, and Yachiyo Industry Co. Ltd.
Reasons to buy report
ASIA PACIFIC AUTOMOTIVE SUNROOF MARKET SEGMENTATION
Automotive Sunroof Market – By Mount Type
Automotive Sunroof Market – By Material
Automotive Sunroof Market – By Application
Automotive Sunroof Market- By Country
Asia Pacific Automotive Sunroof Market-Companies Mentioned
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 1,440.17 Million |
| Market Size by 2027 | US$ 1,600.89 Million |
| CAGR (2020 - 2027) | 6.5% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Mount Type
|
| Regions and Countries Covered |
Asia-Pacific
|
| Market leaders and key company profiles |
|
The Asia Pacific Automotive Sunroof Market is valued at US$ 1,440.17 Million in 2019, it is projected to reach US$ 1,600.89 Million by 2027.
As per our report Asia Pacific Automotive Sunroof Market, the market size is valued at US$ 1,440.17 Million in 2019, projecting it to reach US$ 1,600.89 Million by 2027. This translates to a CAGR of approximately 6.5% during the forecast period.
The Asia Pacific Automotive Sunroof Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Automotive Sunroof Market report:
The Asia Pacific Automotive Sunroof Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Automotive Sunroof Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Automotive Sunroof Market value chain can benefit from the information contained in a comprehensive market report.
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