Asia Pacific Automotive Sunroof Market
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.
Strategic insights for the Asia Pacific Automotive Sunroof provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 1,440.17 Million |
| Market Size by 2027 | US$ 1,600.89 Million |
| Global 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 geographic scope of the Asia Pacific Automotive Sunroof refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
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.
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.
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.
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.
Office No. 1011, First floor, Farena Corporate Park, Magarpatta-Mundhwa road, Pune - 411028, Maharashtra, India
US:+16467917070
sales@businessmarketinsights.com
Get Free Sample For Asia Pacific Automotive Sunroof Market
