South America Automotive Sunroof Market is expected to reach US$ 533.29 Mn by 2027

SUV Segment to Dominate South America Automotive Sunroof Market during 2019–2027

According to The Insight Partners market research study on “South America Automotive Sunroof Market to 2027 – COVID-19 Impact and Analysis and Forecast by Type, Material Type, and Application,” is expected to reach US$ 533.29 million by 2027 from US$ 566.33 million in 2019. The market is estimated to grow at a CAGR of 4.3% from 2020 to 2027. The report provides trends prevailing in the South America automotive sunroof market along with the drivers and restraints pertaining to the market growth. Escalating sales of SUV is the major factor driving the growth of the South America automotive sunroof market. However, reduced vehicle safety and increased NVH levels hinder the growth of South America automotive sunroof market.

The South America automotive sunroof market is segmented into type, material type, application and country. Based on type, the market is segmented into slide-in sunroof, slide-out, sunroof panoramic sunroof, and pop-up. In 2019, the slide-in sunroof segment held the largest share South America automotive sunroof market. Based on material type the South America automotive sunroof market is divided into fabric and glass. Glass is expected to the fastest growing segment over the forecast period. Similarly, based on application, the market is bifurcated into premium cars, SUV, and sedan cars. The SUV segment contributed a substantial share in 2019.

Brazil has the highest number of COVID-19 cases, followed by Ecuador, Chile, Peru, and Argentina, among others. The government of South America has taken an array of actions to protect their citizens and contain COVID-19’s spread. It is anticipated that South America will face lower export revenues, both from the drop in commodity prices and reduction in export volumes. Containment measures in several countries of South America will reduce economic activity in the manufacturing and service sectors for at least the next quarter, and is expected to rebound once the pandemic is contained.

Webasto SE, ACS France SAS, Aisin Seiki Co. Ltd, Corning Inc, and Inalfa Roof Systems Group B.V are among the leading companies in the South America automotive sunroof market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2019, Webasto introduced its new plant in Irapuato (Mexico) for producing roofs for various automotive manufacturer in the U.S. and Brazil. The plant inclusion boosted the company’s sunroof panoramic roof production capacities in the region.

South America Automotive Sunroof Market, By Country, 2019 and 2027 (%)

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South America Automotive Sunroof Market to Grow at a CAGR of 4.3% to reach US$ 533.29 Million from 2020 to 2027

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South America Automotive Sunroof Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Type (Slide-in Sunroof, Slide-out, Sunroof Panoramic Sunroof, and Pop-Up), Material (Fabric and Glass), and Application (Premium Cars, SUVs, and Sedan Cars)

The report segments the South America Automotive Sunroof Market as follows:

South America Automotive Sunroof Market – By Type

• Slide-In Sunroof
• Slide-Out Sunroof
• Panoramic Sunroof
• Pop-up

South America Automotive Sunroof Market– By Material Type

• Fabric
• Glass

South America Automotive Sunroof Market – By Application

• Premium Cars
• SUV
• Sedan Cars

South America Automotive Sunroof Market – By Country

• Brazil
• Argentina
• Rest of SAM