USD 4.97 billion
Report ID:
SQMIG25A2183 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
91
|Figures:
76
Automotive Sunroof Market size was valued at USD 5.64 Billion in 2023 and is poised to grow from USD 6.4 Billion in 2024 to USD 15.2 Billion by 2032, growing at a CAGR of 13.4% during the forecast period (2025-2032).
Global car sunroofs have changed consumer preferences and demands in recent years, improving driving experience, aesthetics, and the growing trend towards premium and luxury vehicles.
Sunroofs have become a popular feature in modern cars because they provide natural light, ventilation, and a sense of openness in the vehicle. In addition, as consumer disposable incomes increase, especially in developing economies, and personal incomes increase, there is an increased willingness to invest in vehicles with additional features such as sunroofs. In addition, middle-income households increase the demand for more sophisticated and comfortable vehicles.
However, the biggest challenge to market growth is the complexity of installing sunroofs, maintenance issues, and additional costs associated with these features.
In addition, demand for sunroof vehicles may be affected by the auto industry and susceptibility to economic downturns and fluctuations in consumer spending.
Global Market Size
USD 4.97 billion
Largest Segment
Panoramic Sunroof
Fastest Growth
Smart or electric sunroofs
Growth Rate
13.4% CAGR
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The global automotive sunroof market is segmented into four major segments i.e. by type, material, vehicle, and region. Based on type, it is divided into pop-up sunroof, panoramic sunroof, built-in sunroof, top-mount sunroof, and other innovative formats. Based on material, it is bifurcated as glass sunroof and fabric sunroof. Based on vehicle, it is segregated into passenger cars, light commercial vehicles (LCVs), heavy commercial vehicles (HCVs), and Others. Based on region, the market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East & Africa.
Analysis by Type
Panoramic sunroofs have typically held a substantial market share as offering a wide, unobstructed view of the sky, have gained popularity due to their aesthetic appeal and the sense of openness they provide to the vehicle interior. Consumers often perceive panoramic sunroofs as a premium feature, contributing to the increasing demand for such offerings in mid-range and luxury vehicles.
The automotive industry is experiencing a broader shift towards smart and electric vehicle technologies. Smart or electric sunroofs, which can be controlled with ease through electronic systems, align with this trend. Features like one-touch opening, closing, and even programmable settings contribute to a more convenient and futuristic driving experience, appealing to tech-savvy consumers. As advancements in electric vehicle technology continue, the integration of smart sunroof features may outpace other sunroof types in terms of growth.
Analysis by Material
Glass sunroofs have traditionally been the dominant material in the market. They provide vehicles with premium and stylish aesthetics, better visibility and improve the overall driving experience. Consumers often associate glass sunroofs with a premium and luxurious feel, making them a preferred choice for midsize and luxury vehicles. In the glass sunroof category, the trend is towards advanced glass technology. This includes features like tinting, UV protection, and even smart glasses that can electronically control transparency.
Advanced glass sunroofs meet consumer demands for comfort, safety and energy efficiency. In particular, smart glass allows users to control sunroof coverage, offering flexibility and customization. As technological innovations continue, adoption of advanced glass materials is likely to contribute to the growth of this segment..
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North America has historically dominated the automotive sunroof market due to a larger population compared to other regions, providing a substantial consumer base. The region's automotive market is relatively mature, with well-established brands and a long history of consumer familiarity with these growing trends of automotive sunroof. This maturity provides a stable foundation for market dominance.
The Asia-Pacific region, including countries such as China and India, has been a dominant force in the automotive industry. Factors contributing to the dominance of this region include the growing middle-class population, increasing urbanization, and a rise in disposable incomes. As consumers in these countries seek more feature-rich and premium vehicles, the demand for automotive sunroofs, considered a luxury feature, has been on the rise.
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Drivers
Increasing Consumer Preference for an Enhanced Driving Experience
Restraints
High Additional Cost Associated with Sunroof Installations
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The competitive environment of the automotive sunroof market is dynamic and is characterized by a competitive landscape shaped by a diverse range of players striving for market share and innovation. Key industry participants include both established automotive manufacturers and specialized sunroof system suppliers. Original Equipment Manufacturers (OEMs) play a pivotal role, integrating sunroof features into their vehicle models to cater to consumer demands for enhanced driving experiences. Major OEMs, particularly those producing luxury and premium vehicles, often lead in incorporating advanced sunroof technologies and designs, setting trends for the market.
Top Player’s Company Profiles
Recent Developments
In November 2023, Minda Corp. cooperated with Taiwan's HDMF to shape JV Car Sunroof Arrangements. This association will give a state-of-the-art innovation upheld by the cutting-edge assembling of the sunroof and closer innovation items for traveler vehicles by localization in India.
In December 2023, the auto scene in India will send off several electric vehicles. Among these, Maruti Suzuki is venturing into the electric field with its lady simple EVX SUV, showing the brand's obligation to feasible versatility. Other top automakers, including Goodbye Engines, Kia, and Hyundai, are likewise set to send off new electric vehicles this year.
Rising Adoption of Panoramic Sunroofs
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
Global automotive sunroof market analysis reveals a dynamic marketplace with a number of standout trends and difficulties. The market is propelled by increasing consumer demand for enhanced driving experiences, with panoramic sunroofs gaining popularity. Smart and electric technologies are significant drivers, offering convenient controls and aligning with the industry's connectivity trends. However, cost implications and potential maintenance issues serve as restraints, impacting market penetration. Panoramic sunroofs dominate the product types, and Asia-Pacific emerges as a key region, driven by rising disposable incomes. The market trends showcase a shift towards sustainable solutions, transparent solar sunroofs, and a focus on lightweight, customizable options to meet evolving consumer preferences.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 4.97 billion |
Market size value in 2031 | USD 13.40 billion |
Growth Rate | 13.4% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Automotive Sunroof Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Automotive Sunroof Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Automotive Sunroof Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Automotive Sunroof Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG25A2183
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