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.
This study provides a particularized anatomy according to the L.E.A.P mechanism
The regional analysis offers market assays across:
The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.
Latest Trends and Cardinal Growth Prospects
The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.
Existing and Future Insights in Growth
The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.
Ascensions in Technology
Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.
The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.
The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.
An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.
The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!
This report is the key to questions such as:
What are the prominent factors that will help in reshaping the market growth?
Which trends have the potential to bring expansive growth for the market?
What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?
Which regions will emerge as champion growth contributors for the market?
Which aspects will serve as game-changers for the market?
What are the latest innovations in the market?
Which factors will hinder the growth of the market?
Flat 10% discount on Single User License if you prebook this report
Flat 10% discount on Multiple User License if you prebook this report
Flat 10% discount on Corporate License if you prebook this report