South America Automotive Sunroof Market Overview and Growth by 2027

The automotive sunroof market in South America is expected to grow from US$ 566.33 million in 2019 to US$ 533.29 million by 2027; it is estimated to grow at a CAGR of 4.3% from 2020 to 2027.

Brazil and Argentina are major economies in South America. With rising sales of SUV, the demand for large panoramic sunroof is increasing at a prime growth rate for SUVs. The popularity of SUVs remains to grow in almost every market in the South America. The shift from sedan or hatchbacks to SUVs started 7 years ago and is still progressing strong. As sales of SUV are mounting at a greater rate compared to the other segments of cars indicates that masses preference is moving to the SUV segment. The Automotive manufacturers in South America witnessed the adoption of sunroofs in their car models owing to its rising popularity among customers backed by a rise in the disposable income of the individuals across different economic sections. However, the absence of incentives throughout the last few years is crippling the industry and embeds more restraint on the market. This corresponds with a drop in consumer spending capabilities.

Thus, due to escalating demand for SUVs and an increase in demand for improved visual aesthetics and enhanced traveling experience, Governments initiatives like Chile’s initiatives to attract more FDI and tax incentive program for manufacturers in Brazil which is South America’s biggest automotive market and growing middle-class income group, especially in several growing economies is expected to create a significant demand for automotive sunroof market in the coming years, which is further anticipated to drive the market in South America.

To control the outbreak of COVID-19 the governments across South America are enacting various imposition but, such impositions will affect revenue generation and anticipated growth opportunities. The COVID-19 outbreak 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 in South America. By far, Brazil is the worst-hit country due to the virus followed by Ecuador, Chile, Peru, and Argentina, among others. It is anticipated that South America will face lower export revenues, both from the drop in commodity prices and reduction in export volumes in forth coming months.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the South America automotive sunroof market. The South America automotive sunroof market is expected to grow at a good CAGR during the forecast period.

South America Automotive Sunroof Market Segmentation

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 South America

South America Automotive Sunroof Market -Companies Mentioned

• ACS France SAS
• AISIN SEIKI Co. Ltd
• Corning Incorporated
• Inalfa Roof Systems Group B.V.
• Webasto Group

South America Automotive Sunroof Report Scope