Automotive Sunroof Motor Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2029
Sunroofs to Hit Mid-Range Passenger Vehicles
Comfort is one of the focus parameter of today’s automobile world and automobile manufacturers are constantly trying to keep no stone unturned in delivering this parameter to their customers. While safety norms are generally drafted by the governments, comforts are designed by taking customer’s preferences into consideration. In addition to the existing comfort features such as good seating arrangements, leg space and HVAC systems, Sunroofs have been showing an increasing demand from the customers. Though the feature was previously available only in premium cars, the importance of sunroofs has made its direction turn towards mid-range segments as well. To outstand from the competitors, manufacturers such as, Honda, Toyota, Volkswagen, Hyundai-Kia, etc. are looking forward to introduce sunroofs in their upcoming launches worldwide. As most of the sunroofs function with the help of various drives and motors, the automotive parts suppliers such as Bosch, Magna and Continental have shown a green signal by supplying them to automobile manufacturers. Automobile manufacturers are very excited to introduce this comfort feature in South East Asian countries such as India, Indonesia, Malaysia and Thailand to boost the demand for passenger vehicles so that they are able to capture the market again
Automotive Sunroof Motor Market: Segmentation Analysis
The automotive sunroof motor market can be classified based on sales channel and sunroof type. Based on the sales channel, the sunroof motor market can be classified into OEM (Original Equipment Manufacturer) aftermarket and automobile parts suppliers. Based on the sunroof type, the sunroof motor market can be classified into pop-up type, spoiler type, panoramic type, and built-in type.
Sunroof Enabled Automobiles to Grow in East Asian Countries
The global Automotive Sunroof Motor market is distributed into seven geographical regions: North America, Latin America, Europe, South Asia (India, Thailand, Indonesia, Malaysia, Philippines, Rest of South Asia), Middle East & Africa and East Asia (China, Japan, and South Korea). The Automotive Sunroof Motor market for Oceania (Australia & New Zealand) can be included in South Asia as the automotive manufacturing market share in these two countries is hardly less than two to three percent. Europe and North America collectively dominate the global Automotive Sunroof Motor market because most of the automobile manufacturers are from these two geographies. Japan market for Automotive Sunroof Motors is also projected to show significant growth in the early future. The increasing demand for electric cars is also expected to meet along with the battery-operated Sunroof feature. Countries such as China & South Korea can be foreseen as an emerging market for Automotive Sunroof Motor owing to the positive outlook of the automotive industry.
Cash Reserves Exhausted Amid Coronavirus
COVID-19 has made the struggle more severe to the already suffering automobile industry. With most of the automobile OEMs having their high capacity manufacturing plants in China alone, their supply chains were immediately disrupted because the local spare parts manufacturers halted their production. This further lead to the manufacturing shutdown from the key industry players. Also, the auto manufacturers with low liquidity and minimal cashflows exhausted their reserves leading to the lowering of their credit limits. Transportation of auto parts is another parameter that is anticipated to have severely affected because of the outspread of pandemic Coronavirus.
IoT Enabled Sunroof Drives to Create Dominance
The automotive parts supplier world is constantly thriving to develop new technologies for achieving the grand vision of the automobile industry. This grand vision is designed out of widespread electrification, advanced safety and convenience technologies, particularly IoT enabled sunroof systems bundled with the electric mobility. But not all players can afford to meet this vision because of the unaffordable light and compact sunroof drives requiring high operating torque for the activation of sunroofs. And the ones for whom it is, are constantly creating dominance over the others. And this dominance from the top players such as Robert Bosch, Denso Corp, Magna International Inc, Continental and ZF Friedrichshafen are forcing their younger players such as Omron Corp, Dura Automotive systems, Preh, etc. to consider mergers and acquisitions.
The research report presents a comprehensive assessment of the Automotive Sunroofs Motors market, and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated data. It also contains projections using a suitable set of assumptions and methodologies. The Automotive Sunroofs Motors market report provides analysis and information according to market segments such as product type, size, and end use industries.
The Automotive Sunroofs Motors market Report Covers Exhaustive Analysis On:
The Automotive Sunroofs Motors market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The Automotive Sunroofs Motors market report provides an in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness as per segment. The Automotive Sunroofs Motors market report also maps the qualitative impact of various market factors on market segments and geographies.
The study presents a granular assessment and quantitative evaluation of:
The region-wise assessment includes market dynamics in:
The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.
The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:
Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.
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