Demand for convertible cars has been plummeting since the past few years owing to factors such as lesser agility and safety and higher costs as compared to hardtop vehicles. When it comes to hardtop vehicles, demand for sport utility vehicles (SUVs) has been rising tremendously owing to benefits they offer, such as improved stability and safety coupled with better utility. Furthermore, SUVs are increasingly being fitted with sunroofs. This shift in consumer preference is estimated to boost the demand for glass sunroof systems.
Development of glass materials that can safeguard against ultra-violet (UV) rays has allowed automakers to introduce wider glass sunroof systems. Given that glass sunroof systems are now occupying a larger section of roof’s surface, they are allowing more light that is natural, thereby better illuminating the interiors of the automobiles and augmenting level of comfort for passengers. However, concerns regarding glass shattering in events of rollovers or accidents are poised to hinder the growth of the market.
Automotive Sunroof Market Report Highlights
- The glass sunroof segment dominated the market in 2023 owing to the growing popularity of panoramic sunroofs. The segment is likely to command about 83.20% of the overall revenue by 2030.
- While sunroof systems can enhance the aesthetic factor of automobiles, innovations such as solar sunroof systems can open opportunities to harness renewable energy and reduce carbon footprints of automobiles. Such innovations are projected to shape the future of the market
- Sunroofs are being gradually offered in the mid-segment vehicles as an optional feature. The market for mid-segment vehicles is expected to progress at a CAGR of 7.7% during the forecast period.
- The Asia Pacific dominated the global automotive sunroof market, with a revenue share of 43.2% in 2023. Rising automobile production and increasing demand for premium and luxury vehicles are contributing to the growth of the region.
The leading players in the Automotive Sunroof market include:
- Webasto Group
- Inalfa Roof Systems Group B.V.
- Inteva Products
- Yachiyo Industry Co. Ltd
- Magna International Inc.
- AISIN CORPORATION
- Wuxi Ming Fang AutoMobile Parts
- CIE Automotive
- DONGHEE
- Johnan Manufacturing Inc.
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- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
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- COVID-19's impact and how to sustain in these fast-evolving markets
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Table of Contents
Companies Mentioned
The leading players in the Automotive Sunroof market include:- Webasto Group
- Inalfa Roof Systems Group B.V.
- Inteva Products
- Yachiyo Industry Co. Ltd
- Magna International Inc.
- AISIN CORPORATION
- Wuxi Ming Fang AutoMobile Parts
- CIE Automotive
- DONGHEE
- Johnan Manufacturing Inc.
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 80 |
Published | September 2024 |
Forecast Period | 2023 - 2030 |
Estimated Market Value ( USD | $ 12.2 Billion |
Forecasted Market Value ( USD | $ 20.1 Billion |
Compound Annual Growth Rate | 7.5% |
Regions Covered | Global |
No. of Companies Mentioned | 11 |