Automotive Sunroof Market
Growth Factors of Automotive Sunroof Market
The global automotive sunroof market size was valued at USD 12.49 billion in 2023 and is projected to grow from USD 13.99 billion in 2024 to USD 35.65 billion by 2032, exhibiting a CAGR of 12.4% during the forecast period of 2024-2032.
The market for automotive sunroofs is known to have faced a slight setback in the current year, mainly due to the untimely pandemic depending on Covid- 19 that resulted in a short-term slowdown of the industry due to the shutdown of its suppliers and low demand rate for automobile vehicles. However, because the industry recovered and interest in personal and comfort cars grew, the marketplace rebounded, impeding the automotive sunroof market growth.
The fundamental driving forces for the car sunroof marketplace are elevated calls for luxurious and superior features, upward thrust in disposable incomes, and bought improvements in the sunroof era. Also, the emerging field of enhanced user interfaces and experiences and the increase in the usage of electric vehicles boost the market.
Panoramic sunroofs are becoming increasingly popular among vehicle buyers because they provide a larger establishment and more herbal light in the automobile. This creates a greater open and airy feeling, enhancing the overall riding experience and expanding the automotive sunroof market share globally. Panoramic sunroofs provide an understanding of spaciousness and a closer connection to the outside, making them a suitable function for many drivers.
Comprehensive Analysis of Automotive Sunroof Market
The Automotive Sunroof Market is segmented based on car elegance, propulsion type, material kind, product type, and operation type. By vehicle magnificence, the posh phase is projected to develop hastily, driven by rising disposable earnings and demand for top-class capabilities. In contrast, the low-cost phase holds the essential proportion globally. By propulsion kind, ICE motors dominate because of mounted infrastructure. Still, electric-powered motors are the fastest-developing section. Glass sunroofs lead the marketplace in phrases of material type, making the most of technological improvements. Among product sorts, panoramic sunroofs are the most popular, offering more vital visibility and herbal light, while electric sunroofs, which provide convenience and simplicity of use, dominate the operation type section.
The Asia Pacific region led the automotive sunroof market by benefitting a size of USD 6.84 billion in 2023 due to the developing product demand, producers were aggressively investing in expanding their domestic production capacities in this location.
The leading players in the automotive sunroof market significantly shape its growth trajectory and establish industry standards. These key players, including Webasto Group (Germany), CIE Automotive (Spain), Inteva Products LLC (U.S.), Inalfa Roof Systems Group BV (Netherlands), Valmet Automotive (Spain), Johnan America Inc. (U.S.), Yachiyo Wuhan Manufacturing Co., Ltd. (Japan), Magna International Inc. (Canada), Mitsuba Corporation (Japan), and AISIN SEIKI Co. Ltd (Japan), contribute to a competitive landscape, driving innovation and advancement in the market.
In May 2023, Webasto Group released its 2d car sunroof production facility in India, demonstrating its commitment to the short-growing Indian market. The new plant, placed in Chennai, is dedicated to manufacturing panoramic roofs and has a preliminary annual ability of 250,000 devices. Spanning around nine 500 rectangular meters, the facility will manage both the production and distribution of sunroofs to customers in Southern India.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 12.4% from 2024 to 2032
Unit Value (USD Billion)
Segmentation By Vehicle Class
Economical
Medium Priced
Luxury
By Propulsion Type
ICE
Electric
By Material Type
Glass
Fabric
By Product Type
Panoramic Sunroofs
In-Built Sunroof
Others (Tilt & Slide, Pop Up, and Top Mount)
By Operation Type
Electric
Manual
By Region
North America (By Vehicle Class, By Propulsion Type, By Material Type, By Product Type, By Operation Type)
- U.S. (By Propulsion Type)
- Canada (By Propulsion Type)
- Mexico (By Propulsion Type)
Europe (By Vehicle Class, By Propulsion Type, By Material Type, By Product Type, By Operation Type)
- U.K. (By Propulsion Type)
- Germany (By Propulsion Type)
- France (By Propulsion Type)
- Rest of Europe (By Propulsion Type)
Asia Pacific (By Vehicle Class, By Propulsion Type, By Material Type, By Product Type, By Operation Type)
- Japan (By Propulsion Type)
- China (By Propulsion Type)
- India (By Propulsion Type)
- South Korea (By Propulsion Type)
- Rest of Asia Pacific (By Propulsion Type)
Rest of the World (By Vehicle Class, By Propulsion Type, By Material Type, By Product Type, By Operation Type)
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