Market Size of United Kingdom Automotive Sunroof Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 5.00 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
UK Automotive Sunroof Market Analysis
The UK Automotive Sunroof Market is projected to grow with a CAGR of more than 5 % during the forecast period.
- Owing to the high demand of automobiles in the region, South Korea is one of the largest markets for automobiles in the world. the presence of leading automobile manufacturers as well as the component manufacturers is driving the growth in the region.
- With the growing pollution levels around the world car makers are looking for light weight components for reducing the fuel consumption and curbing the emission of harmful pollutants into the atmosphere.
- The presence of leading automobile manufacturers as well as the component manufacturers is driving the growth in the region. However, the factors such as Brexit, global slowdown in the automobile industry and the ongoing Covid-19 situation has impactedd the market negatively but these effects are not going to remain forever, these are short term factors and will be overcomed in the near future. Recovery is estimaded from the second half of the year 2021 and after that the markets are expected to witness a high demands.
UK Automotive Sunroof Industry Segmentation
The United Kingdom Automotive Camera Market report covers a detailed study on the latest trends and innovations in the market which is Segmented by Material Type (Glass (Pop-Up Type, Built-in Type, Tilt 'n slide Type, Top Mount Type, Panoramic Type, Solar Type), Fabric (Fold-able Type, Removable Type) and Vehicle Type (Hatchback, Sedan Cars, Premium Cars and SUVs). Along with the major players, their strategies, innovations, technological advancements and financials are also covered in the report.
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United Kingdom Automotive Sunroof Market Size Summary
The United Kingdom automotive sunroof market is poised for significant growth, driven by the increasing demand for automobiles and the presence of major automobile and component manufacturers in the region. Despite challenges such as Brexit, global economic slowdowns, and the lingering effects of the Covid-19 pandemic, the market is expected to recover and experience heightened demand. The UK remains a key player in the European Union's automotive sector, with a diverse range of passenger vehicles and innovative safety features attracting consumer interest. The adoption of sunroofs in vehicles is on the rise, both in new models and the aftermarket, further propelling market expansion.
The market for automotive sunroofs is also bolstered by the popularity of SUVs, which offer versatility and comfort for larger families and cargo. The demand for panoramic sunroofs in SUV models, such as those from Audi, Acura, and BMW, is expected to drive growth in this segment. Major industry players like Webasto Group, Inalfa Roof Systems Group BV, and Inteva Products LLC are actively expanding their operations and acquiring regional companies to enhance their market presence. These companies are investing in new facilities and technical centers across various countries, including China, South Korea, and the United States, to capitalize on the lucrative opportunities within the automotive sunroof market.
United Kingdom Automotive Sunroof Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porters Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Material Type
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2.1.1 Glass
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2.1.1.1 Pop Up Type
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2.1.1.2 Built-in Type
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2.1.1.3 Tilt 'n Slide Type
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2.1.1.4 Top Mount Type
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2.1.1.5 Panoramic Type
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2.1.1.6 Solar Type
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2.1.2 Fabric
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2.1.2.1 Foldable Type
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2.1.2.2 Removable Type
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2.2 Vehicle Type
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2.2.1 Hatchback
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2.2.2 Sedan Cars
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2.2.3 Premium Cars
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2.2.4 SUVs
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United Kingdom Automotive Sunroof Market Size FAQs
What is the current United Kingdom Automotive Sunroof Market size?
The United Kingdom Automotive Sunroof Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)
Who are the key players in United Kingdom Automotive Sunroof Market?
Inalfa Roof Systems BV, Aisin Seiki Co. Ltd., Yachio Industry Co. Ltd., Inteva Products LLC and Webasto Group are the major companies operating in the United Kingdom Automotive Sunroof Market.