ID: MRFR/AM/6210-CR | April 2019 | Region: Global | 185 Pages
Automotive Sunroof Market Size is projected to be worth USD 39.68 billion, registering a CAGR of 10.39% during the forecast period (2022 - 2030)
$39.68 billion
10.39%
Europe
2022 - 2030
Automotive Sunroof Market is projected to be worth USD 39.68 billion by 2030, registering a CAGR of 10.39% during the forecast period (2022 - 2030)., The market was valued at USD 21.25 billion in 2021.
Automotive sunroof market for value is estimated to register 10.39% CAGR during the forecast period of 2022–2030. Market Research Future’s (MRFR) detailed report on the market has its focus on segments, drivers, and competitive analysis of the entire market. This could offer an insight into the future market demography and enable market players to plan their strategies accordingly.
Increase in demand for lightweight and impact-resistant sunroof is expected to drive innovations and developments in the global market by the major manufacturers. Manufacturers such as Webasto Group, Inteva Products, and Inalfa Roof Systems Group B.V. are highly investing in the research and development of automotive sunroof technologies, especially sunroof. For instance, the Webasto Group recently developed a sunroof glass by using polycarbonate as a raw material to manufacture sunroof, which made the glass more toughened, impact-resistant, and effective. Manufacturers are further investing to improve the technology of switchable glazing, ambient lighting, and solar panels in sunroofs. Hence, such investments are expected to influence the demand for advanced sunroof equipped with innovative technology during the forecast period. Additionally, features such as transparency and 3D formability can be obtained by integrating additional light sources and sensors in polycarbonate as compared to glass. The penetration of conventional technology is very high in developing regions due to their low cost and easy availability. Automotive sunroof manufacturing companies have started investing in development activities to reduce weight and increase the strength to improve the conventional automotive sunroof. However, such developments are at a primary stage and are expected to increase by the end of the forecast period with the increasing market penetration. Thus, the impact of innovation and developments in sunroof technology on automotive sunroof market is expected to shift from moderate to high during the forecast period.
However, the low penetration in the entry-level vehicles and high manufacturing cost of sunroofs increases the overall cost of a vehicle. The sunroof includes various components, such as rain sensor, console controller, unbreakable glass panels, which are comparatively higher in cost. Furthermore, continuous technological advancements in sunroof systems, to improve the operational efficiency, requires a huge investment in research and development and, in turn, increases the cost of sunroof systems, leading to an increase in the price of automobiles, which further hinder the growth of the global automotive sunroof industry.
The key players of the global automotive sunroof Market are Webasto Group, Inalfa Roof Systems Group B.V., Inteva Products, Yachiyo Industry Co. Ltd, and Magna International Inc., Johnan Manufacturing Inc., Wuhu Mosentek Automobile Technology Co., Ltd, Aisin Seiki Co. Ltd, Wuxi Ming Fang AutoMobile Parts Industry Co., Ltd, and Zhejiang Wanchao Electric Co., Ltd.
An automotive sunroof is mounted on vehicles to improve their appearance and prevent wind noise. It is an adjustable glass panel on the automotive roof that can be operated manually or automatically, depending on the vehicle type. Additionally, automotive sunroofs come in various types, such as in-built and panoramic, which offer natural light, improved ventilation, and open-air driving. Moreover, the automotive sunroofs can either be fixed or sliding, opaque or transparent, and can even feature a visor block that blocks the light from the passenger cabin.
Automotive sunroof market by region is segmented into North America, Europe, Asia-Pacific, and the rest of the world. Europe is expected to hold the largest share in the global market during the forecast period with 33.40% share, followed by Asia-Pacific and North America with shares of 28.36% and 28.26%, respectively. In Europe, Germany was the largest market in 2017 and was valued at USD 1,263 million. The growth of the automotive sunroof market in Europe can be attributed to the increasing demand for premium vehicles and the increasing consumer preference towards comfort features have resulted in the rising adoption of sunroofs in passenger vehicles all over the region.
The global automotive sunroof market has been segmented based on type, application, sales channel, and region. On the basis of type, the market is classified into inbuilt sunroof, spoiler sunroof, panoramic sunroof, pop-up sunroof, and others. The inbuilt sunroof segment is expected to dominate the automotive sunroof market in 2017 and further led the market during the forecast period. Moreover, increase in the technological advancements in inbuilt sunroofs, such as press and hold operation, venting, auto-close system, auto-retract system, along with soft touch operations are anticipated to increase the popularity of inbuilt sunroofs in the near future.
North America
Europe
Asia-Pacific
Rest of the World (RoW)
Report Attribute/Metric | Details |
---|---|
Market Size | 2030: USD 39.68 billion |
CAGR | 10.39% CAGR (2022 to 2030) |
Base Year | 2021 |
Forecast Period | 2022 to 2030 |
Historical Data | 2019Â &Â 2020 |
Forecast Units | Value (USD Million) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | Type, Application and Sales Channel |
Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
Key Vendors | Inalfa Roof Systems Group B.V., Inteva Products, Wuxi Ming Fang AutoMobile Parts Industry Co., Ltd, Webasto Group, Wuhu Mosentek Automobile Technology Co., Ltd, Magna International Inc., Aisin Seiki Co. Ltd, Yachiyo Industry Co. Ltd, Zhejiang Wanchao Electric Co., Ltd, Johnan Manufacturing Inc., |
Key Market Opportunities | High manufacturing cost |
Key Market Drivers |
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The market can potentially attain a growth rate of 10.39% .
The market will be worth USD 39.68 billion by the year 2030.
Inalfa Roof Systems Group B.V., Inteva Products, Wuxi Ming Fang AutoMobile Parts Industry Co., Ltd, Webasto Group, Wuhu Mosentek Automobile Technology Co., Ltd, Magna International Inc., Aisin Seiki Co. Ltd, Yachiyo Industry Co. Ltd, Zhejiang Wanchao Electric Co., Ltd, Johnan Manufacturing Inc., and others are the top players in the market.
Soaring demand for lightweight and impact-resistant sunroof coupled with the increasing investments by prominent manufacturers are inducing market growth.
High manufacturing cost of automotive sunroofs can hinder the market growth.
Type, application and sales channel are the primary segments with respect to which the market has been analyzed.
The market value in Germany in the year 2017 was USD 1,263 mn.