The global automotive sunroof market is witnessing high
growth attributed to the increasing consumer preference for vehicles equipped
with luxury and convenience features such as panoramic sunroof systems.
Automotive sunroofs allow natural light and fresh air inside the vehicle cabin
while offering an open-air experience to the occupants. Factors such as rising
disposable incomes, growing middle-class population, and changing mobility
patterns have boosted the demand for premium and luxury vehicles worldwide,
thereby driving the need for novel convenience features including sunroofs.
The Global automotive sunroof market is estimated to be valued at US$ 13048.63 Bn in 2024 and is expected
to exhibit a CAGR of 8.4% over the
forecast period 2024 To 2031.
Key Takeaways
Key players operating in the automotive sunroof market are Acome, Aricent Inc,
Agilent Technologies, AISIN AW Co Ltd, Analog Devices, Broadcom, Bosch, Daimler
AG, Freescale, Harman, NXP, Renault SA, Renesas, Visteon, Wurth Elektronik,
Yazaki Corporation. These players are focusing on developing advanced sunroof
systems equipped with novel features such as automatic tilt-and-slide
operations, anti-pinch technology, and hands-free operations to bolster their
position in the market.
The
Automotive
Sunroof Market Demand consumer demand for open-air experience while
driving is expected to open lucrative opportunities for manufacturers to
develop innovative modular, dual-panel, and panoramic sunroof variants.
Additionally, increasing technological advancements in glass materials and
production of lightweight sunroofs will further augment the market
opportunities.
Key players are actively expanding their global footprint through partnerships,
mergers, and acquisitions to consolidate their presence across Asia Pacific,
Europe, North America, and other regions. For instance, Webasto partnered with
Hyundai Mobis and Edscha to accelerate its operations in Korea and China.
Market drivers: Rising disposable incomes of consumers and changing mobility
trends are propelling the demand for premium vehicles equipped with advanced
comfort and convenience features including panoramic sunroofs. Increasing
preference of customers for open-air driving experience is also boosting the
Automotive
Sunroof Market Trends.
Market Restrain: High installation and maintenance costs associated with
sunroof systems especially for retrofitted models act as a major restraint.
Concerns regarding security while operating powered sunroofs and safety risks
linked with glass breakage may also limit their adoption. Privacy issues
pertaining to sunroof glasses can hamper their demand.
Segment
Analysis
The automotive sunroof market is dominated by glass sunroofs which holds more
than 60% share of the overall market. Glass sunroof is preferred widely as it
allows natural lighting inside the vehicle and also helps in increasing the
overall aesthetics of the car. It gives an open top feeling to passengers even
when the roof is closed. The integration of wider, expansive glass panels are
contributing to the growth of this segment.
Power sunroofs is another fast growing sub segment in this market. Power
sunroofs operates smoothly with electric motors allowing easy operations. They
are increasingly being used in mid-range and luxury vehicles owing to their
convenience. Improvements in gliding technology and additions of rain sensors
are expected to drive more demand for power sunroofs.
Global Analysis
Europe dominates the global automotive sunroof market with more than 35% share
majorly attributed to the high demand from Germany and United Kingdom. The
presence of key automakers in the region and consumer preference for open roof
feeling drives the market. North America is another substantial market for
automotive sunroofs owing to the increasing installations of innovative
sunroofs models by U.S based automakers.
The automotive sunroof market is expected to witness fastest growth in the Asia
Pacific region during the forecast period. Countries like China and India are
anticipated to fuel the regional market owing to rising disposable income,
growing middle class population and their changing lifestyle and buying
behavior. OEMs are also expected to focus more on innovation and customized
features for the price sensitive markets in Asia Pacific.
About
Author:
Ravina
Pandya, Content Writer,
has a strong foothold in the market research industry. She specializes in
writing well-researched articles from different industries, including food and
beverages, information and technology, healthcare, chemical and materials, etc.
(https://www.linkedin.com/in/ravina-pandya-1a3984191)
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