USD 6.95 billion
Report ID:
SQMIG25AG2016 |
Region:
Global |
Published Date: March, 2024
Pages:
223
|Tables:
65
|Figures:
77
Sunroof Glass Market size was valued at USD 7.79 Billion in 2023 and is poised to grow from USD 8.73 Billion in 2024 to USD 21.82 Billion by 2032, growing at a CAGR of 12.12% during the forecast period (2025-2032).
In July 2021, AGC Inc., a leading glass manufacturer, announced its plan to invest EUR 5.5 million in its sunroof glass production facility in Belgium to meet the growing demand for sunroof glass in Europe. The purpose of the global sunroof glass market is to cater to the increasing demand for sunroof-equipped vehicles by providing high-quality glass panels that meet the safety, performance, and aesthetic requirements of the automotive industry. For Instance, May 2021 - Saint-Gobain Sekurit, a global automotive glass supplier, announced an investment of EUR 25 million in its sunroof glass production plant in Germany to expand its capacity and improve production capabilities. Sunroofs are considered a luxury feature in vehicles, providing an enhanced driving experience and improved comfort to passengers. Sunroof glass is designed to provide clear visibility, protection against external elements, and structural integrity to ensure the safe and reliable operation of sunroofs in vehicles.
Global Market Size
USD 6.95 billion
Largest Segment
Solar Control Glass
Fastest Growth
Solar Control Glass
Growth Rate
12.12% CAGR
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Global Sunroof Glass Market is segmented on the basis of vehicle type, sunroof type, glass type and region. By vehicle type, the market is segmented into electric, passenger, commercial. By sunroof type, market is segmented into panoramic sunroof, pop-up sunroof, spoiler sunroof, inbuilt sunroof. By glass type, the market is segmented into tempered glass, laminated glass, solar control glass, privacy glass. By region, the market is divided into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Sunroof Glass Market Analysis by Vehicle Type
The CAGR for the EVs segment in the global sunroof glass market was estimated to be around 8-10% in 2021. This segment includes various types of EVs, such as battery electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs), and hybrid electric vehicles (HEVs). With the growing adoption of EVs worldwide, the demand for sunroof glass in EVs has also been increasing, as manufacturers look to offer premium features and enhance the overall aesthetics of electric vehicles.
The passenger car market for sunroof glass was predicted to have a compound annual growth rate (CAGR) of about 5-6% in 2021. Several passenger car models, including sedans, hatchbacks, SUVs, and crossovers, are included in this sector. Due to shifting consumer tastes for high-end features, improved aesthetics, and a desire for a panoramic view and natural light inside the car, the demand for sunroof glass in passenger automobiles has been continuously rising.
Sunroof Glass Market Analysis by Glass Type
In the global market for sunroof glass, the CAGR for solar control glass was predicted to be approximately 8% in 2021. By lowering the heat and glare from sunlight, solar control glass improves interior comfort and energy efficiency. The majority of solar control glass has a specific coating that reflects solar radiation, keeping the interior of the car cooler and relieving the air conditioning system of some of its workload. In sunroof applications, solar control glass is becoming more and more common, particularly in hotter climates.
In the global market for sunroof glass, the tempered glass Compound Annual Growth Rate (CAGR) was predicted to be 7% in 2021. When glass is treated into tempered glass, also known as toughened glass, it is heated to a high temperature and then quickly cooled, increasing its strength and breaking resistance. Due to its safety attributes, such as the fact that it shatters into small, granular fragments when shattered, tempered glass is frequently utilized in sunroof applications.
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The CAGR for the sunroof glass market in Asia-Pacific was estimated to be around 8% in 2021. The increasing disposable incomes, changing lifestyle preferences, and growing urbanization have led to a rising demand for sunroof-equipped vehicles in the region. Additionally, the expansion of automobile manufacturing facilities, investments in research and development, and technological advancements in sunroof glass manufacturing have further boosted the market growth.
The CAGR for the sunroof glass market in North America was estimated to be around 6% in 2021. North America is one of the prominent regions in the global sunroof glass market, with the United States being a major contributor to the market. The increasing demand for premium vehicles, rising consumer preference for sunroof-equipped vehicles, and growing awareness about the benefits of sunroofs, such as natural light and ventilation, have driven the growth of the sunroof glass market in North America.
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Sunroof Glass Market Drivers
Technological Advancements in Sunroof Glass to Boost Sales
Sunroof Glass Market Restraints
Stringent Regulations and Safety Standards to Hinder Market Growth
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companies actively engage in product innovation, research and development, mergers and acquisitions, and strategic partnerships to gain a competitive edge in the market. They also focus on expanding their geographic presence, improving manufacturing capabilities, and meeting the evolving demands of customers in terms of quality, performance, and sustainability.
Sunroof Glass Market Top Player’s Company Profiles
Sunroof Glass Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analyses, the global sunroof glass market has been witnessing steady growth due to the increasing demand for luxury and premium vehicles, as well as the growing awareness about the aesthetic and functional benefits of sunroofs. The market has also been driven by the advancements in automotive technologies, changing consumer preferences, and the expanding automotive industry in emerging economies. In terms of trends, there is a growing demand for panoramic sunroofs, which offer a wider and more immersive experience for passengers. The trend of lightweight and thinner sunroof glass is also gaining traction, as it helps in reducing the overall weight of the vehicle and improving fuel efficiency. The challenges related to cost and regulations may impact the market's growth to some extent. Key trends such as panoramic sunroofs, lightweight glass, and smart glass technology are expected to shape the market's future, while competition among key players is expected to remain intense.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 6.95 billion |
Market size value in 2031 | USD 19.46 billion |
Growth Rate | 12.12% |
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 Sunroof Glass 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 Sunroof Glass 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 Sunroof Glass Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Sunroof Glass 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: SQMIG25AG2016
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