Automotive Sunroof Market Size, Share, Growth Analysis, By Type(Pop-up Sunroof, Panoramic Sunroof, Built-in Sunroof, Top-Mount Sunroof), By Material(Glass Sunroof and Fabric Sunroof), By Vehicle(Passenger Cars, Light Commercial Vehicles (LCVs), Heavy Commercial Vehicles (HCVs), and Others), By Region - Industry Forecast 2024-2031

Report ID: SQMIG25A2183 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 91 | Figures: 76

Automotive Sunroof Market News

In July 2023, Samvardhana Motherson International, a wholly-owned subsidiary of SAMIL, inked a deal to acquire an 81% stake in the four-wheeler business of Yachiyo Industry Co Ltd, a subsidiary of Honda Motor Co. Presently, Honda Motor holds a 50.4% stake in the publicly-listed Yachiyo, with the remaining shares owned by the public.
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.

Automotive Sunroof Market Report Snapshots

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Global Automotive Sunroof Market size was valued at USD 4.97 billion in 2022 and is poised to grow from USD 5.64 billion in 2023 to USD 13.40 billion by 2031, growing at a CAGR of 13.4% in the forecast period (2024-2031).

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. 'Webasto', 'Inalfa(HaiNaChuan)', 'Inteva', 'Yachiyo', 'Aisin Seiki', 'Johnan Manufacturing Inc', 'Donghee', 'Shanghai Mobitech', 'Wanchao Electric Appliance', 'Jincheng Accessories', 'Mingfang Automotive Parts', 'DeFuLai Automotive Parts', 'SHB Group', 'Motiontec', 'Magna International', 'Automotive Sunroof-Customcraft (ASC) Inc.', 'Corning Incorporated', 'CIE AUTOMOTIVE SA', 'AISIN CORPORATION', 'Signature Automotive Products'

The increasing consumer preference for an enhanced driving experience, is marked by a demand for features that provide a sense of openness and connectivity with the surrounding environment. Sunroofs, offering natural light and ventilation, have become a pivotal element in meeting these preferences. Moreover, as disposable incomes rise globally, consumers are more inclined towards investing in vehicles equipped with premium features, including sunroofs, as a symbol of status and lifestyle.

The increasing adoption of panoramic sunroofs across various vehicle segments. Panoramic sunroofs, offering a wide and unobstructed view of the sky, have gained popularity for providing an enhanced driving experience and a sense of spaciousness within the vehicle interior. Another significant trend is the integration of smart and electric sunroof technologies. Consumers are increasingly seeking advanced features that allow for convenient control of sunroof operations, such as one-touch opening and closing, often via smartphone applications. This aligns with broader industry trends towards connectivity and smart functionalities in vehicles.

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.

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Automotive Sunroof Market News

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