Market Trends of Africa & Middle East Automotive Sunroof Industry
This section covers the major market trends shaping the Africa & Middle East Automotive Sunroof Market according to our research experts:
Increased Adoption of Sunroofs in Sports Utility Vehicles
A rise in the adoption of sunroofs in vehicle rooftops, globally, 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).
With the traditional markets in Europe and the Americas experiencing a decline in the demand after the recent global financial crisis, support to the automotive industry came from developing economies of Asia-Pacific, over the past three years. The impact of the global financial crisis in India and China was relatively mild, and therefore, the automotive industry in these countries remained buoyant compared to their western counterparts.
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.
Audi Q3, Audi Q7, Acura RDX, and BMW X3, X5, X6 are some of the popular and new SUV models fitted with panoramic sunroofs, which are expected to dominate the SUV market and drive the growth rate of the automotive sunroof in SUVs.
Saudi Arabia to Drive the Sunroof Market
Saudi Arabia dominated the market, with over 60% market share, is expected to witness a higher CAGR during the forecast period.
Automakers and dealerships are rapidly expanding into Saudi Arabia's interior parts and the market is not witnessing any contraction. It is estimated that the automotive sales in Saudi Arabia may hit more than 30 million vehicles by 2022. If this target is reached, the Saudi Arabian automotive market may outpace others in this region.
Large population, shift in preference toward advanced convenience features, and higher spending rates on luxury cars are some of the major driving factors for the sunroof market in the country. Over the past five years, the sales of the sedan, luxury, and premium cars in the country grew exponentially, opening up the market for the sunroof industry. Unlike in the western world, even C-segment sedans in the country are being introduced with optional sunroof variants.
Growing car customization trends and higher younger population demanding for aftermarket sunroof installations are some of the major factors driving the market for sunroofs in these countries.
