Market Introduction
The continuous technological advancement, along with the development of innovative solutions to complement the overall traveling experience, has significantly enhanced the quality of automobiles compared to the ones developed two decades earlier. The automotive manufacturers have introduced several features that augment vehicle visual aesthetics, ventilation, and efficiencies, among other performance indicators. Among these, the automotive sunroof can be described as specially designed movable panels installed in the vehicle roof that enables improved ventilation, lighting, and freshness appeasing for the passengers. The sunroof products quickly gained prominence and resulted in broader adoption by several automotive manufactures. Factors such as an increase in demand for improved visual aesthetics and enhanced traveling experience coupled with the rise in disposable income of the individuals have a profound positive influence over the market growth in recent years. Furthermore, the growing middle-class income group, especially in several growing economies on South America, also has impacted the market growth is expected to create a significant demand for automotive sunroofs in the coming years, which is further anticipated to drive the automotive sunroofs market in South America.
Market Overview and Dynamics
The automotive sunroofs market in South America is expected to grow from US$ 566.33 million in 2019 to US$ 533.20 million by 2027; it is estimated to grow at a CAGR of 4.3% from 2020 to 2027. 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. This is bolstering the growth of the automotive sunroof market.
The outbreak of COVID-19 is expected to hamper both from the drop in commodity prices and reduction in export volumes. Brazil has the highest number of COVID-19 cases, followed by Ecuador, Chile, Peru, and Argentina, among others. Containment measures in several countries of South America will reduce economic activity in the manufacturing and service sectors for at least the next quarter, and is expected to rebound once the pandemic is contained
Key Market Segments
In terms of type, the slide-in segment accounted for the largest share of the South America automotive sunroofs market in 2019. In terms of material type, the glass segment held a larger market share of the South America automotive sunroofs market in 2019. Further, the SUV segment held a larger share of the market based on application in 2019.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the automotive sunroofs market for South America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Webasto SE, ACS France SAS, Aisin Seiki Co. Ltd, Corning Inc, and Inalfa Roof Systems Group B.V among others.
Reasons to buy report
SOUTH AMERICA AUTOMOTIVE SUNROOF MARKET SEGMENTATION
South America Automotive Sunroof Market – By Type
South America Automotive Sunroof Market– By Material Type
South America Automotive Sunroof Market – By Application
South America Automotive Sunroof Market – By Country
Company Profiles
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 566.33 Million |
| Market Size by 2027 | US$ 533.20 Million |
| CAGR (2020 - 2027) | 4.3% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
South and Central America
|
| Market leaders and key company profiles |
|
The South America Automotive Sunroof Market is valued at US$ 566.33 Million in 2019, it is projected to reach US$ 533.20 Million by 2027.
As per our report South America Automotive Sunroof Market, the market size is valued at US$ 566.33 Million in 2019, projecting it to reach US$ 533.20 Million by 2027. This translates to a CAGR of approximately 4.3% during the forecast period.
The South America 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 South America Automotive Sunroof Market report:
The South America Automotive Sunroof Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South America Automotive Sunroof Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South America Automotive Sunroof Market value chain can benefit from the information contained in a comprehensive market report.
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