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The automotive sunroof market is influenced by various market factors that shape its dynamics and growth. One significant factor is consumer demand, which is often driven by the desire for enhanced driving experiences and a preference for open, airy interiors in vehicles. The demand for vehicles equipped with sunroofs has increased as the driving population seeks a higher level of comfort and luxury. Further, technological developments have become a driving force of the automotive sunroof market. The development of smart and electric sunroof systems, which offer advanced functions such as automatic operation with included controls for built-in sunshades has been popular among tech enthusiasts helping to drive the market growth.
Other important factors affecting the automotive sunroof market are economic. Stable economy and increasing per capita income leads to meaningful increase in the consumption of vehicles which include high-end models with amenities like sunroofs. Vehicles with a greater number of amenities are likely to become popular among consumers in the economically prosperous areas, thereby strengthening the overall demand for automotive sunroofs. However, recessions or uncertainties may result in reduced spending by consumers and a consequent vibration of the market.
The main market factors of the automotive sunroof industry are government regulations and environmental issues. With the growing focus on fuel economy and low carbon emissions, lightweight materials have been developed for sunroof construction thereby ensuring sustainability in motor vehicles. Furthermore, government policies regarding the safety and emission of vehicles may encourage manufacturers to use advanced technologies for sunroofs making market landscape dynamic
Another aspect that significantly influences the automotive sunroof market is competitive landscape. The major competitors in the industry often compete on innovation, pricing strategies and product differentiation. In order to gain market edge, companies invest into research and development in regard to advanced sunroof technologies. Furthermore, strategic alliances and cooperation between automotive companies and sunroof suppliers impact the market in general.
Consumer taste and current fashions also add to the dynamic nature of this automotive sunroof market. The looks of a car, like design and style can affect the number of consumers who choose to install sunroofs. The changing lifestyles such as the interest for outdoor living and recreational vehicles can also spur demand levels of sunroof equipped cars due to their expansive connection with both internal environments.
The automotive sunroof market is driven by many interacting factors. The dynamics of this market are a collective function of consumer demand, economic conditions, government regulations competition technological development and global trends.As the automotive industry continues to evolve, manufacturers will need to adapt to these factors to meet the changing demands and preferences of consumers, ensuring the sustained growth of the automotive sunroof market.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Market Size Value In 2023 | USD 17.88 billion |
| Growth Rate | 10.39% (2023-2032) |
Automotive Sunroof Market Highlights:
Automotive Sunroof Market Overview
Automotive Sunroof Market Size was valued at USD 17.88 billion in 2023. The Global automotive sunroof market industry is projected to grow from USD 19.74 Billion in 2024 to USD 43.53 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 10.39% during the forecast period (2024 - 2032). Increased investment and rising demand for lightweight and impact-resistant sunroofs are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Automotive Sunroof Market Trends
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Rising demand for sunroof-equipped vehicles propels market growth
Consumers' increased disposable income is boosting the global market CAGR for automotive sunroofs. Consumers today expect cars with sophisticated safety, cosmetic, and convenience amenities. Technological developments and innovation in the automobile sector supplement the market's supply side by supplying sophisticated cars with greater features at a lower cost. The modern world is as much about display as it is about usefulness. Consumers want automobiles with aesthetic qualities that boost their social status. Sunroofs improve both the practicality and the aesthetics of the vehicle.
Additionally, OEMs are working to improve the safety aspects related to installations in cars. For instance, Hyundai Mobis has created the first airbag system of its kind in the world for a panoramic sunroof. As a result, this system stops passengers from being thrown out of the sunroof in the event of an accident or rollover. Furthermore, it has been accomplished to integrate rain sensors into these systems. When it starts raining, this feature enables the automatic closing.
Moreover, the natural light accentuates and improves the appearance of the vehicle. The automobile in natural sunshine is visually appealing. A sunroof enables for much-needed air ventilation during the heat. In the winter, the sunshine streaming through the sunroof provides warmth. When driving through scenic roots, a sunroof provides a greater view; customers are willing to spend more for it. The developments in glass technology and the design of the roof have made it more appealing to the audience, fueling its demand. As a result, rising demand for sunroof-equipped vehicles will propel the Automotive Sunroof Market revenue.
Automotive Sunroof Market Segment Insights
Automotive Sunroof Type Insights
The Automotive Sunroof Market segmentation, based on type includes inbuilt sunroof, spoiler sunroof, panoramic sunroof, pop-up sunroof and others. In 2022, the inbuilt sunroof segment dominated the market with a revenue share of roughly 44%. The metal head of the car's upper body incorporates a built-in sunroof. The glass or fabric sunroof can be manually or automatically opened and closed. It provides a whole picture. It fully opens and provides greater space. They are the most common sunroofs found in luxury and low-segment vehicles. They are simple to install, integrate, and interface with the existing automotive functions. Their ease of installation makes them a popular choice among original equipment makers. They dominate the global market since they are more economical than their competitors.
Automotive Sunroof Application Insights
The Automotive Sunroof Market segmentation, based on application, includes SUV, sedan, hatchback, others. Over the course of the forecast period, hatchback is anticipated to rule the global market, and this is due to both rising demand for mid-size hatchbacks and for passenger cars. The majority of vehicles in the hatchback segment are mid-size hatchbacks with high-end features, including the Hyundai Elantra GT, Mini Cooper Countryman, and Hyundai Veloster, among others.
Automotive Sunroof Sales Channel Insights
The global automobile sunroof market is divided into two segments depending on sales channel: OEM and aftermarket. In 2022, the OEM category is projected to remain dominant. The provision of safety, greater durability, and enhanced service with little maintenance are the primary drivers of demand development. Consumer desires for high-quality, trustworthy, and inexpensive after-sales services are also likely to drive demand. Rising auto manufacturing is another key element driving the expansion of the OEM automotive sunroof market.
Figure 1: Automotive Sunroof Market, by Sales Channel, 2022 & 2032 (USD billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Automotive Sunroof Regional Insights
By Region, the study provides the market insights into North America, Europe, Asia-Pacific and the Rest of the World. Europe has a 40% revenue share of the automobile sunroof market. This is primarily due to the increased popularity of premium vehicles and OEMs' proclivity to include amenities that improve the driving experience.
Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: Automotive Sunroof Market Share By Region 2022 (%)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
North America’s automotive sunroof market accounts for the second-largest market share due to rising consumer disposable income. Further, the German automotive sunroof market held the largest market share, and the UK automotive sunroof market was the fastest-growing market in the North American region
The Asia-Pacific Automotive Sunroof Market is expected to grow at the fastest CAGR from 2023 to 2032. This is due to the rising demand for vehicles in developing nations. Moreover, China’s automotive sunroof market held the largest market share, and the Indian automotive sunroof market was the fastest-growing market in the Asia-Pacific region.
Automotive Sunroof Key Market Players & Competitive Insights
Leading market players are extensively spending in research and development in order to extend their product lines, which will help the automotive sunroof market grow even more. Market participants are also engaging in a number of strategic initiatives to grow their worldwide presence, with significant market developments including new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. To expand and remain in a more competitive and rising market climate, the automobile sunroof industry must provide cost-effective products.
Manufacturing locally to reduce operational costs is one of the primary business strategies adopted by manufacturers in the global automobile sunroof industry to serve clients and expand the market sector. In recent years, the automotive sunroof industry has provided some of the most significant benefits to medicine. Major players in the automobile sunroof market, such as Inteva Products, LLC., Johnan America, Inc., Yachiyo Industry Co., Ltd., CIE automobile, Automotive Sunroof Company, Inc., and others, are seeking to raise market demand by investing in research and development operations.
AGC Inc., formerly Asahi Glass Co., is a Japanese glass manufacturing company with headquarters in Tokyo. The largest glass manufacturer in the world, it is one of the primary Mitsubishi companies. The company is listed on the Tokyo Stock Exchange and is represented in the Nikkei 225 and TOPIX stock indices. Asahi Glass was named as one of the Top 100 Global Innovators in 2013 by Thomson Reuters. Toshiya Iwasaki, the second son of the first Mitsubishi zaibatsu's second president, established Asahi Glass on September 8, 1907. It was the first Japanese manufacturer of sheet glass. Asahi Glass Co. is one of the world's largest flat glass producers, including Glaverbel glass operations in Europe and AFG Industries in North America. In May 2021, AGC Inc. (AGC) has announced that the Lexus RZ, the company's first dedicated battery EV model, now boasts a light-control panoramic roof with Low-E coating.
The BMW X3 is a compact premium crossover SUV that has been produced by BMW since 2003 and is based on the BMW 3 Series platform. BMW markets the automobile, now in its third generation, as a Sports Activity Vehicle, the company's trademarked term for its X-line premium vehicles. BMW created the first-generation X3 in collaboration with Magna Steyr of Graz, Austria, who also manufactured all X3s under contract to BMW. The second-generation X3 was built at BMW's Spartanburg facility in South Carolina, USA. In February 2021, BMW X3 xDrive30i Sport X was launched in India at INR 56.5 lakh. The new car is locally produced at BMW Group Plant Chennai, and the company has announced that the 'Sport X' petrol variant of the BMW X3 is also made available.
Key Companies in the automotive sunroof market include
- Inalfa Roof Systems Group B.V
- Inteva Products
- Wuxi Ming Fang AutoMobile Parts
- Webasto Group
- Wuhu Mosentek Automobile Technology
- Magna International Inc
- Aisin Seiki
- Yachiyo Industry Co. Ltd
- Zhejiang Wanchao Electric Co. Ltd
- Johnan Manufacturing Inc.
Automotive Sunroof Industry Developments
In September 2021 KIA Corporation, a multinational carmaker, introduced its one-of-a-kind "Kia Seltos" product. The vehicle is believed to have a panoramic sunroof, giving it a new appearance. The product introduction improves the company's product portfolio while increasing its revenue share.
In June 2019 Webasto SE sunroof systems has announced plans to expand its current factory in Michigan, USA. This strategy was implemented in order to increase the engineering and testing capabilities of the sunroof product catalog.
In June of 2019 Magna International Inc. produced 275,000 Fiat 500C soft-top convertible roofs. Tychy, Poland, manufactures the convertible roofs. The convertible roof is equipped with a premium, dual-layer multi-position power-retractable cloth top that can be operated at speeds of up to 50 miles per hour.
Automotive Sunroof Market Segmentation
Automotive Sunroof Market By Type Outlook
- Inbuilt Sunroof
- Spoiler Sunroof
- Panoramic Sunroof
- Pop-Up Sunroof
- Others
Automotive Sunroof Market By Application Outlook
- SUV
- Sedan
- Hatchback
- Others
Automotive Sunroof Market By sales channel Outlook
- OEM
- Aftermarket
Automotive Sunroof Regional Outlook
North America
- US
- Canada
Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Australia
- Rest of Asia-Pacific
Rest of the World
- Middle East
- Africa
- Latin America
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