South Korea Automotive Sunroof Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 5.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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South Korea Automotive Sunroof Market Analysis
The South Korea automotive sunroof market is expected to register a CAGR of over 5 % during the forecast period, 2020-2025.
A sunroof is often considered an additional feature in automobiles, which is available in fixed or operable (venting or sliding) openings, in an automobile roof. Sunroof, as a feature in automobiles, was installed way back in 1932, when Mercedes Benz offered the first car sunroof.
The trend of the sunroof as an optional feature has gradually changed as it is now a standard feature in most of the premium and luxury cars and in a few mid-segment cars. The first car company to offer sunroof as a standard option was the Nash Motor Company, which installed a sunroof in some of its 1937 models.
Product and material innovations, along with the timely evolution of sunroof technologies, have been helping market growth. To augment the demand for sunroofs, vehicles are now fitted with tinted or UV-reflective glasses, in order to avoid unwanted heat and sunlight. Companies, like Webasto, comply with the highest safety standards in their advanced headliner safety system. Optional rain sensors and enhanced electronic control systems are some of the improved features installed and appreciated in a sunroof system, currently.
South Korea Automotive Sunroof Market Trends
This section covers the major market trends shaping the South Korea 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, 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.
South Korea Automotive Sunroof Industry Overview
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.
South Korea Automotive Sunroof Market Leaders
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Aisin Seiki CO. Ltd.
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Inalfa Sunroof Systems Ltd.
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Yachio Industry Co. Ltd.
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Inveta Products LLC
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Webasto
*Disclaimer: Major Players sorted in no particular order
South Korea Automotive Sunroof Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Drivers
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4.2 Market Restraints
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4.3 Porters Five Forces Analysis
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4.3.1 Threat of New Entrants
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4.3.2 Bargaining Power of Buyers/Consumers
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4.3.3 Bargaining Power of Suppliers
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4.3.4 Threat of Substitute Products
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4.3.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 Material Type
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5.1.1 Glass
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5.1.2 Fabric
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5.1.3 Others
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5.2 Type
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5.2.1 Built-in Sunroof Systems
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5.2.2 Tilt'N Slide
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5.2.3 Panoramic
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5.3 Vehicle Type
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5.3.1 Hatchback
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5.3.2 Sedan
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5.3.3 Sports Utility Vehicle
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6. COMPETITIVE LANDSCAPE
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6.1 Vendor Market Share
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6.2 Company Profiles
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6.2.1 Webasto Group
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6.2.2 CIE Automotive
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6.2.3 Inteva Products LLC
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6.2.4 Inalfa Roof Systems Group BV
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6.2.5 Yachio Industry Co Ltd.
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6.2.6 Johnan America Inc.
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6.2.7 Signature Automotive Products
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6.2.8 Magna International
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6.2.9 Mitsuba Corporation
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6.2.10 Aisin Seiki Co. Ltd.
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
South Korea Automotive Sunroof Industry Segmentation
The Japan Automotive Sunroof 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 Others). Along with the major players, their strategies, innovations, technological advancements and financials are also covered in the report.
| Material Type | |
| Glass | |
| Fabric | |
| Others |
| Type | |
| Built-in Sunroof Systems | |
| Tilt'N Slide | |
| Panoramic |
| Vehicle Type | |
| Hatchback | |
| Sedan | |
| Sports Utility Vehicle |
South Korea Automotive Sunroof Market Research FAQs
What is the current South Korea Automotive Sunroof Market size?
The South Korea 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 South Korea Automotive Sunroof Market?
Aisin Seiki CO. Ltd., Inalfa Sunroof Systems Ltd., Yachio Industry Co. Ltd., Inveta Products LLC and Webasto are the major companies operating in the South Korea Automotive Sunroof Market.
What years does this South Korea Automotive Sunroof Market cover?
The report covers the South Korea Automotive Sunroof Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the South Korea Automotive Sunroof Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
South Korea Automotive Sunroof Industry Report
Statistics for the 2024 South Korea Automotive Sunroof market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. South Korea Automotive Sunroof analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
