Global Automotive Sunroof Market Size Grows Steadily at a CAGR of 12.5%

Introduction

An automotive sunroof is an opening in the roof of a car that lets in light and fresh air, increasing the level of comfort for the vehicle's occupants. Sunroofs can have an opaque or transparent appearance and are offered in various dimensions, configurations, and designs to accommodate diverse automobile makes and models. These devices can be operated either by electronic means or through manual intervention.

Market Dynamics

Rising Consumer Demand for Enhanced Comfort and Aesthetics Drives the Global Market

The current automotive industry is experiencing a significant change in consumer preferences, with a growing desire for vehicles that provide enhanced comfort and visual appeal. The increasing favorability of sunroofs among car buyers indicates a shifting preference. Sunroofs have become an integral element in enhancing the overall driving experience because they provide a sense of internal spaciousness and facilitate the influx of natural light into the vehicle cabin. Such factors drive market growth.

Increasing Consumer Demand for Luxury Features and Integration of Advanced Technologies in Vehicles Creates Tremendous Opportunities

Rising consumer demand for high-end amenities and the integration of cutting-edge technologies into automobiles will likely result in substantial growth opportunities across the globe. Consumers' increased desire for greater driving experiences and comfort has increased demand for vehicles equipped with sunroofs. Furthermore, sunroofs create a sense of luxury and present opportunities to incorporate cutting-edge technologies. For instance, Panoramic sunroofs include intelligent features such as automated shade, tinting, and networking. The current trend provides a significant opportunity for market participants to capitalize on shifting consumer preferences, supporting innovation and expansion in the vehicle sunroof business.

Regional Analysis

Asia-Pacific is the most significant global automotive sunroof market shareholder and is anticipated to grow significantly during the forecast period. The regional market demonstrates different characteristics, most notably an increase in disposable incomes among its population, particularly in rising economies such as India and China. This increase in wealth has increased demand for high-end automobiles. Businesses purposefully direct large expenditures toward expanding their local, domestic manufacturing facilities to meet this growing product demand. Similarly, government programs targeted at increasing the availability of mass-market vehicles with sunroofs as optional features have contributed to a significant increase in demand for in-vehicle sunroofs. As a result of these interacting factors, the Asia-Pacific region has become a formidable player in international trade.

Key Highlights

• The global automotive sunroof market size was valued at USD 8.18 billion in 2022. It is projected to reach USD 20.83 billion by 2031, registering a CAGR of 12.5% during the forecast period (2023-2031).
• Based on material type, the global automotive sunroof market is segmented into glass and fabric.The glass segment is the most significant shareholder and is expected to grow significantly over the forecast period.
• Based on type, the global automotive sunroof market is divided into panoramic sunroofs, in-built sunroofs, and others (tilt and slide, pop-up, and top mount).The panoramic section is the dominant segment in terms of market share and is expected to expand substantially over the forecast period.
• Based on vehicle type, the global automotive sunroof market is fragmented into electric-powered vehicles and gasoline-powered vehicles.
• Asia-Pacific is the most significant global automotive sunroof market shareholder and is anticipated to grow significantly during the forecast period.

Competitive Players

Competitive Players

The major players in the market are Magna International Inc., Inteva Products, Yachiyo Industry Co. Ltd., Inalfa Roof Systems Group, Bos Gmbh & Co. Kg, Cie Automotive, Aisin Seiki Co., Ltd., Automotive Sunroof Company (Asc, Inc.), Webasto Roof Systems Inc, Johnan America Inc.

Recent Developments

Market News

• In October 2022, Magna announced that they are investing over USD 120 million to establish and operate a new engineering center in Bengaluru, India, to support e-mobility. The new center is called Magna Innovation Campus Bengaluru.
• In May 2023, Inalfa Roof Systems Group signed an agreement with Gabriel India to manufacture sunroofs in the country. Gabriel India formed a wholly-owned subsidiary christened Inalfa Gabriel Sunroof Systems (IGSS).

Segmentation

Global Automotive Sunroof Market: Segmentation

By Material

• Glass
• Fabric
• Other

By Type

• Panoramic Sunroofs
• In-Built Sunroof
• Others (Tilt and Slide, Pop Up, and Top Mount)

By Vehicle Type

• Gasoline-Powered Vehicle
• Electric-Powered Vehicle

By Regions

• North America
• Asia-Pacific
• Europe
• The Middle East and Africa
• Latin America