Automotive sunroof Market Forecasts to 2028 – Global Analysis By Materials (Automotive Glass Sunroof, Automotive Fabric sunroof), Glass Type (Laminated Glass Sunroof, Tempered Glass Sunroof) and By Geography

Automotive sunroof Market Forecasts to 2028 – Global Analysis By Materials (Automotive Glass Sunroof, Automotive Fabric sunroof), Glass Type (Laminated Glass Sunroof, Tempered Glass Sunroof) and By Geography

According to Stratistics MRC, the Global Automotive Sunroof Market is accounted for $7.18 billion in 2022 and is expected to reach $13.44 billion by 2028 growing at a CAGR of 11% during the forecast period. Fire resistant fabrics are those textiles that resist high temperature and fire. These fabrics are known to be obviously resistant in comparison to other chemical treatments or fireproof fibers that are manufactured artificially. Fire resistant fabrics are organic or carbon-containing materials that reduce a fire hazard. These fabrics do not glow or burn on removal of the ignition source; however, certain changes are observed in their physical and chemical characteristics.

In union Badgat 2021 Indian government has declared various subsidies for electric cars. Such government initiatives in different countries are likely to boost manufacturers in the market to boost their production during the forecast period. According to the European Automobile Manufacturers Association (ACEA), in 2019, Lexus sales increased by about 10% compared to 2018. Industry players across the region are adopting acquisition strategies to strengthen their regional presence.

Market Dynamics:

Driver:

Revolution in glass technology

The manufacturers use numerous features with technological progressions that aid to make several types of glasses which can protect from ultraviolet rays. Installing sunroofs delivers better air circulation than vehicles without sunroofs. Furthermore, sunroofs equipped with glazing technology lower noise and improve thermal comfort during the summer. Additionally, premiums OEMs are always investing in R&D for incorporating solar sunroofs in their cars for refining the efficiency of electric vehicles. Hence, such technological advancements & innovation in glass technology majorly drive the market.

Restraint:

High cost

Sunroof-enabled vehicles are costly as sunroofs are directly related with the luxury and look parameter, which drives the cost to manufacture such vehicles. Furthermore, maintenance of sunroofs is also a luxurious component, as it needs periodic maintenance and in case of any failure puts an added weight on the owner in terms of cost.

Opportunity:

Increasing demand for passenger comfort, convenience and safety

There has been a growing consumer preference towards vehicles that offer aesthetic yet safety and comfort-oriented features which have led to the increased popularity of the mid-segment vehicles. For instance, keeping the windows open is not as suitable as the noise of the gushing wind makes it problematic to converse with fellow passengers. The sunroof is a viable solution in such situations as it allows the noise factor to be cut off yet the vehicle remains well ventilated with fresh airflow which improves comfort levels of the vehicle occupants. Besides, OEMs are working to enhance the safety factors linked with installations in automobiles. Additionally, the combination of rain sensors with these systems has also been achieved. This feature allows for the automatic closing as soon as it starts raining. Hence, technological advancements are predictable to drive growth in this market.

Threat:

Decline in fuel efficiency

Manufacturers mainly focus on weight reduction in vehicles as it permits better braking, acceleration, and greater fuel economy. Besides, to advance handling and vehicle stability, hefty items such as the fuel tank, engine, and among others, are commonly positioned as low as possible. Though, regular assemblies, depending on the size, weight around 20-30 kg while the panoramic sunroof can weigh as much as 90 kg. Hence, the additional weight can significantly affect the fuel efficiency of the vehicle. Hence, these factors are likely to threaten the growth of the market.

Impact of Covid-19

The COVID-19 pandemic has hindered the growth of the market due to its impact on vehicle production, as there was continuous shut down of manufacturing facilities and disruption of the supply chain across various parts of the world. Rapid expansion of the pandemic across the globe led to a decline in vehicle production across the world. The COVID-19 pandemic caused a majority of businesses across the globe to crumble, owing to forced shutdown of production and manufacturing activities, which hampered major manufacturing companies across the globe, has created a chaos in the market.

The panoramic segment is expected to be the largest during the forecast period

The panoramic segment is expected to be the largest during the forecast period. Panoramic roofs cover a larger area which confirms that both the front and rear seat occupants can advantage from the increased natural freshness and they are regularly offered as standard equipment in high-end vehicles. These factors are responsible for the positive growth in this segment.

The Passenger Vehicle segment is expected to have the highest CAGR during the forecast period

The Passenger Vehicle segment is expected to have the highest CAGR during the forecast period, owing to the increasing growth in this segment can be accredited to cost-effective options being introduced which provide natural ventilation and increased comfort without the excess cost burden associated with the installation and maintenance of the sunroofs.

Region with highest share:

Europe is projected to hold the largest market share during the forecast period due to the province is home to leading luxury carmakers, such as Daimler AG, BMW AG, and AUDI AG. All these vendors are also at the front position when it comes to technological innovations. For instance, Audi AG of Germany has reportedly introduced a prototype glass roof system with integrated solar cells. All such developments are poised to bode well for the market.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR over the forecast period owing to the demand for premium vehicles in emerging economies, such as India and China, is surging in line with increasing disposable incomes of the populace. At the same time, automobile production in the province is growing as automakers are investing aggressively to enlarge their production capacity. Demand for premium vehicles in developing economies, such as India and China, is rising, owing to an increase in disposable income of the populace. Additionally, automobile production in the province is increasing, as automakers are investing aggressively to expand their production capacities.

Key players in the market

Some of the key players profiled in the Automotive Sunroof Market include Webtrends, AT Internet, Verto Analytics, Talend, Splunk,Oracle, Microsoft, Jumpshot, IBM,HPE, Google, Connexity, SAP, Adobe and Vlocity.

Key Developments:

In March 2021: Inalfa Roof Systems announced that it will supply sunroof products for the Great Wall Motor V61.

In June 2019: Webasto SE sunroof systems announced its plans to expand its existing plant in Michigan, U.S. This USD 40 million expansion aims to enhance its engineering and testing capabilities in its sunroof product catalog.

Materials Covered:
• Automotive Glass Sunroof
• Automotive Fabric sunroof
• Other Materials

Glass Types Covered:
• Laminated Glass Sunroof
• Tempered Glass Sunroof

Vehicle Types Covered:
• Gasoline Powered Vehicle
• Electrically Powered Vehicle
• Premium Cars
• Passenger Vehicle
• Commercial Vehicle

Sales Channels Covered:
• Original Equipment Manufacturer (OEM)
• • Aftermarket

Operations Covered:
• Manually Operated
• Electronically Operated

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements