The South Korea Automotive Sunroof Market Research Report Forecast 2020 – 2025 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The report also takes into account the impact of the novel COVID-19 pandemic on the South Korea Automotive Sunroof market and offers a clear assessment of the projected market fluctuations during the forecast period. The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehend South Korea Automotive Sunroof data that enhances the understanding, scope, and application of this report.
The South Korea automotive sunroof market is expected to register a CAGR of over 5 % during the forecast period, 2020 – 2025.
Click the link to get a Sample Copy of the Report:
Key Market Trends:
Increased Adoption of Sunroofs in Sports Utility Vehicles
A rise in the adoption of sunroofs in vehicle rooftops, is expected to augment the automotive sunroof market during the forecast period. The rise in the use of sunroofs from the aftermarket is also significantly driving the demand for the automotive sunroof system.
SUVs (Sports Utility Vehicles) are big cars, ideal for rough surfaces and off-road. These cars can accommodate about five to seven people. The automotive sunroof market for SUV includes the scope for the multi-utility vehicle (MUV).
Sport utility vehicles constitute one of the most popular automotive segments due to a wide range of vehicles of unmatched versatility in range, power output, and features. In the United States, SUVs are expected to dominate the light vehicle market with a share of 40% by the end of 2020. It is an appropriate choice for its consumers due to the ability of the vehicle to accommodate big families, carry large amounts of cargo, and handle adverse road conditions. Ford, Toyota, and Chevrolet have been the prominent and leading SUV brands that are affecting the sales of SUV in the global market.
Glass Sunroof Captures Largest Market
The glass sunroof segment held the leading share in the market in 2016 and it is poised to expand at a phenomenal CAGR over the forecast period. The growth of the segment can be attributed to advancements in technology, which have made it possible to manufacture various types of glasses, such as tempered glass, laminated glass, and glass that can protect from ultraviolet rays.
Unlike fabric sunroofs found commonly on convertible automobiles, glass sunroofs offer the flexibility to better control natural light and enjoy natural air ventilation instead of car’s air conditioner. Owing to such benefits, the segment will continue to dominate the market until 2025.
On the contrary, demand for fabric types is likely to plummet over the coming years in line with dwindling sales of convertible automobiles.
The South Korea automotive sunroof market is consolidated with just a couple of players, such as Webasto Group, Inalfa Roof Systems Group BV, and Inteva Products LLC dominating the market. Due to the high profitability of the market, these major players focus on the acquisition of small regional players for a higher penetration into the regional markets.
Inalfa Roof Systems has been the most active sunroof player over the last four years. Inalfa opened new facilities in Shanghai, Cherokee, Poland, Chongqing, and South Korea. The company also extended its Slovakian facility and opened a new technical center in the United States.
Highlights of TOC:
Market Overview: It starts with product overview and scope of the South Korea Automotive Sunroof market and later gives consumption and production growth rate comparisons by application and product respectively. It also includes a glimpse of the regional study and Automotive Sunroof market size analysis for the review period 2015-2025.
Company Profiles: Each company profiled in the report is assessed for its market growth keeping in view vital factors such as price, Automotive Sunroof market gross margin, revenue, production, markets served, main business, product specifications, applications, and introduction, areas served, and production sites.
Manufacturing Cost Analysis: It includes industrial chain analysis, manufacturing process analysis, the proportion of manufacturing cost structure, and the analysis of key raw materials.
Market Dynamics: Readers are provided with a comprehensive analysis of Automotive Sunroof market challenges, influence factors, drivers, opportunities, and trends.
Market Forecast: Here, the Automotive Sunroof report provides consumption forecast by application, price, revenue, and production forecast by product, consumption forecast by region, production forecast by region, and production and revenue forecast.
Full Browse the report description and TOC:
Note: All the reports that we list have been tracking the impact of COVID-19 the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
We Also Offer Customization on report based on specific client Requirement:
– Country Level analysis for any 5 countries of your choice.
– Competitive analysis of any 5 key market players.
– 40 analyst hours to cover any other data point
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides South Korea and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
Press Release Distributed by Xherald