February 29, 2024
Automotaive Sunroof MArket

Rising Adoption of Panoramic Sunroofs to Drive Growth in the Automotive Sunroof Market

The Global Automotive Sunroof Market is estimated to be valued at US$9,361.1 million in 2021 and is expected to exhibit a CAGR of 10.0% over the forecast period of 2023-2030, according to a new report published by Coherent Market Insights.

Market Overview:
Automotive sunroofs are a popular feature in vehicles, providing an open, airy feel and enhancing the overall aesthetic appeal. They offer several advantages such as increased natural light, improved air circulation, and a sense of spaciousness. The demand for automotive sunroofs is driven by the growing consumer preference for comfort and luxury in vehicles. Moreover, the rising adoption of panoramic sunroofs, which offer a wider field of view and a more immersive experience, is further fueling the market growth. Additionally, advancements in technology, such as the integration of smart features and anti-pinch sensors, are enhancing the safety and functionality of automotive sunroofs.

Market Key Trends:
One of the key trends in the automotive sunroof market is the rising adoption of panoramic sunroofs. Panoramic sunroofs provide a larger opening and a more expansive view compared to traditional sunroofs. They are equipped with multiple glass panels, allowing for increased natural light and a greater sense of openness in the vehicle cabin. Moreover, panoramic sunroofs enhance the overall aesthetic appeal of vehicles, providing a luxurious and premium feel. With the increasing consumer demand for stylish and comfortable vehicles, the adoption of panoramic sunroofs is expected to witness significant growth. Automotive manufacturers are incorporating panoramic sunroofs as a standard or optional feature in their high-end models to attract customers. The trend of panoramic sunroofs is expected to positively impact the automotive sunroof market during the forecast period.

Segment Analysis:

The automotive sunroof market can be segmented based on product type, vehicle type, and region. Based on product type, the market can be divided into panoramic sunroofs, tilt and slide sunroofs, top-mount sunroofs, and solar sunroofs. Among these segments, the panoramic sunroofs segment is expected to dominate the market. This can be attributed to the increasing demand for luxury and high-end vehicles that often come equipped with panoramic sunroofs. Additionally, panoramic sunroofs provide a larger opening compared to other types, offering a better view and enhanced aesthetic appeal.

On the basis of vehicle type, the automotive sunroof market can be classified into passenger cars, light commercial vehicles (LCVs), and heavy commercial vehicles (HCVs). The passenger cars segment is anticipated to have the largest market share due to the rising demand for comfort and luxury features in passenger vehicles. Moreover, the increasing disposable income of consumers and changing preferences towards premium vehicles contribute to the dominance of this segment.

Key Takeaways:

The Global Automotive Sunroof Market Size is expected to witness high growth, exhibiting a CAGR of 10.0% over the forecast period from 2023 to 2030. This growth can be attributed to several factors. Firstly, the increasing consumer demand for enhanced driving experience and aesthetic appeal in vehicles drives the adoption of automotive sunroofs. Additionally, the rising production of luxury and premium vehicles further fuels market growth.

From a regional perspective, Europe is anticipated to be the fastest-growing and dominating region in the automotive sunroof market. This can be attributed to the presence of major automobile manufacturers in countries like Germany and the increasing demand for luxury vehicles in the region. Furthermore, the rising consumer awareness about the benefits of automotive sunroofs, such as improved ventilation and natural lighting, contributes to the growth of the market in Europe.

Key players operating in the automotive sunroof market include Magna International Inc., Webasto Roof Systems Inc., Mitsuba Corporation, Inteva Products (Acquired by CIE Automotive), Johnan America Inc., Aisin Seiki Co. Ltd., ACS France SaS, Yachiyo Industry Co. Ltd., and Inafla Roof Systems. These companies focus on product innovation, collaborations, and mergers and acquisitions to gain a competitive edge in the market.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it