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Panoramic Sunroof Market is predicted to reach USD 4,629.0 million at a CAGR of 7.7% during the forecast period 2023-2032

Market Research Future (MRFR) has published on the “Global Panoramic Sunroof Market”.

Panoramic sunroof constitutes a massive transparent space, primarily glass fitted into the vehicle roof or a combination of two extensive open-able roofs: one for the driver compartment and another for the passenger compartment, which allows only sunlight to pass inside the vehicle and offers an extensive surrounding view. Automotive panoramic sunroofs are quite popular among consumers and vehicle manufacturers, owing to their rich appearance and better performance. Luxury and exotic cars, along with top-end models of mid-range vehicles witness significant demand for automotive panoramic sunroofs.

The Panoramic Sunroofs market is estimated to register a CAGR of 7.7% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global Panoramic Sunroofs market - CIE Automotive SA, Webasto SE, Aisin Seiki Group, Yachiyo Industry Co. Ltd., Automotive Sunroof-Customcraft (Asc), BOS GROUP, Fuyao Glass Industry Group Co., Ltd, Donghee Industrial Co. Ltd, Johnan Manufacturing Inc, and Aisin Seiki Co. Ltd.

Market Highlights

The global Panoramic Sunroofs market is accounted to register a CAGR of 7.7% during the forecast period and is estimated to reach USD 4,629.0 million by 2032.

Sport utility vehicles constitute one of the most popular automotive segments due to a wide range of vehicles of unmatched versatility in range, power output, and features. In the country mini-SUVs are more preferred by the consumers and are driving the market. SUVs (Sports Utility Vehicles) are big cars, ideal for rough surfaces and off-road. These cars can accommodate about five to seven people. The automotive sunroof market for SUV includes the scope for the multi-utility vehicle (MUV). It is anticipated to witness an increased adoption, particularly in developing countries such as China and India, as consumer demand in these regions is growing at a faster pace. Thus, these factors have compelled manufacturers such as Ford, Chevrolet, Toyota, and Kia, among others, to further provide equipped features for enhanced customer satisfaction, as they were initially restricted to premium cars. Many major players are launching new products in the mini-SUV and Crossover segment to attract more end-users and gain market share. for instance, in April 2020, Toyota launched its new crossover SUV Harrier with a premium panoramic sunroof with dimming glass. In Oct 2021, Mahindra introduced XUV700 with a sunroof to enhance the passenger experience. The vehicle not only provides a natural condition but also enhances the vehicle’s aesthetics. Moreover, Audi Q3, Audi Q7, Acura RDX, and BMW X3, X5, X6 are some of the popular and new SUV models fitted with panoramic sunroofs, which are expected to dominate the SUV market and drive the growth rate of the automotive sunroof in SUVs.

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Segment Analysis

The global Panoramic Sunroofs market has been segmented based on Type and Application.

Based on Type, the global Panoramic Sunroof market segmentation includes Multi-Panel Sunroof and Single Panel Sunroof. The Multi-Panel Sunroof segment held the majority share in 2022, contributing around ~ 75.6% % to the market revenue. Multi-panel sunroof is a type of sunroof that consists of more than 2 panels. It can be used in cars, SUVs, and minivans. The number of panels ranges from 3 to 5 depending upon the car model and manufacturer. The panoramic sunroof is a term used for roof systems that provide a 180-degree panoramic view which includes the front seats as well as the back seats simultaneously without any obstructions. Sunroofs are offered with most luxury cars and usually found in high-end trims of regular automobiles. Most automakers offer a new type of large or multi-panel called panoramic sunroof which offer openings above both the front and rear seats and may be operable or fixed glass panels. Examples include the Acura ZDX, Lexus ES, BMW Mini, Scion tC, Pontiac G6, Mercedes C Class, Volkswagen Eos, Porsche Cayenne, and the Tesla Model S.

Based on Application, the global Panoramic Sunroof market segmentation includes Sedan & Hatchback, SUV, and Others. The Sedan & Hatchback segment held the majority share in 2022 contributing around ~52.0% to the market revenue. The key factors driving the growth of this market are the rising demand for luxury cars and increasing consumer preference for premium features in vehicles. In addition, growing economic conditions in emerging markets such as China, India, Brazil, and Mexico are also expected to fuel the growth of this market over the forecast period. The use of SUVs is continuously increasing, especially in the US. The growing sales of sedans and increasing vehicle comfort requirements is expected to propel the growth of the Panoramic Sunroof market during the forecast period. There is high growth of sedans in the world. In 2021, the sedan has shown a strong growth due to the growing disposable income and upgrading lifestyle of the individuals. This high demand of sedan is expected to fuel the growth of the Panoramic Sunroof market during the forecast period. In August 2020, Fiat announced the all-new 500, equipped with a refined panoramic glass roof.

Regional Analysis

By Region, the study provides market insights into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. In terms of revenue, Europe held the largest share of 35.6% in the Panoramic Sunroof market in 2022 and is expected to maintain its dominance during the forecast period. Europe is estimated to be the largest car sunroof market because of the trend of integrating additional features for enhancing comfort and driving experience and the increase in premium vehicle sales. Additionally, the region is a hub for automotive giants and premium vehicles. Germany, France, Russia, the UK, and Italy are among the major countries in Europe. Germany is a leader in producing passenger cars among all member countries in the European Union. Currently, three major companies - Volkswagen, Daimler AG, and BMW, dominate the German automotive industry. Statistics in country’s automotive sector show that Germany produces over 6 million vehicles annually, including passenger and commercial vehicles.

The growing demand for luxury sedans and SUVs and a large number of players focusing on developing efficient solutions are the major factors supporting the growth of the Panoramic Sunroof market in North America. The United States is one of the largest automotive industries in the world. Until 2019, the new vehicle sales across the country had increased significantly. However, during 2020, factors, such as slowdown in the economy, high non-housing debt, diminished retail spending, and rising defaults, led to a decrease in vehicle sales across the country. The Asia-Pacific region accounts for the largest share of the global panoramic sunroof market due to the presence of major automotive manufacturers, such as Hyundai-Kia, Suzuki, Mitsubishi, Tata Motors Limited, Lexus, and Toyota. UAE is one of the major markets for supercars owing to that major supercar makers launch their cars in this country which comes with best performance and luxurious interiors and exteriors. The automotive industry in South America was dominated by countries, such as Brazil, Argentina, and Columbia. Local vehicle production in the country has decreased in the past few years. However, the high percentage of vehicle imports in the county is expected to represent a significant growth for imported parts and accessories.

Key Findings of the Study

  • The global Panoramic Sunroofs market is expected to reach USD 4,629.0 million by 2032, at a CAGR of 7.7% during the forecast period.

  • The Europe region accounted for the fastest-growing global market, imperative factors, such as the significant number of investments in Europe, making it the primary contributor to the market share.

  • Based on Type, the Multi-Panel Sunroof segment was attributed to holding the largest market in 2022, with an approximate market share of 75.6%.

  • CIE Automotive SA, Webasto SE, Aisin Seiki Group, Yachiyo Industry Co. Ltd., Automotive Sunroof-Customcraft (Asc), BOS GROUP, Fuyao Glass Industry Group Co., Ltd, Donghee Industrial Co. Ltd, Johnan Manufacturing Inc, Aisin Seiki Co. Ltd, and Others are the key market players.

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Report details
Base Year 2020
Companies Covered 15
Pages 150
Certified Global Research Member
Isomar fd.webp Wcrc 57.webp
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