Market Introduction
Germany, France, Russia, the UK, and Italy are among the major countries in Europe. The automotive sector in the region is a crucial one as it represents ~6.1% of the total EU employment. The sector contributes significantly to the EU economy, and as per the European Commission, it contributes ~7% of the average GDP of the EU. Germany, Spain, France, and the UK are among the prominent vehicle manufacturing countries in Europe. The strong automotive sector in the region is expected to support the growth of the automotive sunroof market in the coming years.
The region has the presence of a few of the prominent luxury car brands, including Maserati, Rolls-Royce, McLaren Automotive, Land Rover, and Jaguar Cars Ltd, among others. The demand for automotive sunroof is high in the premium car segment; therefore, the presence of a large number of luxury car manufacturers is expected to add to the demand for an automotive sunroof in Europe. Spain witnessed a rise of 0.1% in total vehicle production in 2019, and it produced 2,248,019 (as per OICA) passenger cars in 2019. Also, various initiatives are being taken in the region to support the growth of the automotive sector; for instance, CARS 2020 Action Plan, GEAR 2030, Horizon 2020 by EU focus on the development of the automotive sector in EU.
Market Overview and Dynamics
The Automotive Sunroof market in Europe was valued US$ 1,569.33 billion in 2019 and is projected to reach US$ 1,661.39 billion by 2027; it is expected to grow at a CAGR of 5.8% from 2020 to 2027. Despite the strong automotive sector, the COVID-19 outbreak has significantly impacted the automotive market in this region in the last few months. All the regional OEMs in the region have shut down the production activities. Fiat Chrysler Automobiles NV and Groupe PSA (the maker of Peugeot) stopped almost all production in Europe. However, Volkswagen AG has shut factories in Italy and Spain. The pandemic has largely affected the sales of passenger vehicles, which is limiting the growth of the automotive sunroof market in Europe. Sunroof incurs cost and adds extra to the standard/lower trim of a car. Most of the sunroof are electronically controlled and contain motors, shades, switches, and glass panels. However, pop-up sunroof is mechanical and can add to the car's aesthetic looks. With the rising demand for sunroof among the middle class of the developing countries, the pop-up sunroof can turn out to be an excellent choice. These types of sunroof dignify to maintain the car's cost low and can be more approachable to buyers with less budget. Thus, pop-up sunroof offers a huge opportunity towards reaching the mass market in developing nations.
Key Market Segments
In terms of type, the slide-in sunroof segment accounted for the largest share of the European automotive sunroof market in 2019. In terms of material, the glass segment held a larger market share of the automotive sunroof market in 2019.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the automotive sunroof market in Europe 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
EUROPE 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
Europe Automotive Sunroof Market-Companies Mentioned
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 1,569.33 Billion |
| Market Size by 2027 | US$ 1,661.39 Billion |
| CAGR (2020 - 2027) | 5.8% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Mount Type
|
| Regions and Countries Covered |
Europe
|
| Market leaders and key company profiles |
|
The Europe Automotive Sunroof Market is valued at US$ 1,569.33 Billion in 2019, it is projected to reach US$ 1,661.39 Billion by 2027.
As per our report Europe Automotive Sunroof Market, the market size is valued at US$ 1,569.33 Billion in 2019, projecting it to reach US$ 1,661.39 Billion by 2027. This translates to a CAGR of approximately 5.8% during the forecast period.
The Europe 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 Europe Automotive Sunroof Market report:
The Europe Automotive Sunroof Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Automotive Sunroof Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Automotive Sunroof Market value chain can benefit from the information contained in a comprehensive market report.
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