The size of Automotive Sunroof Market was registered at USD 18.43 billion in the year 2020 and is anticipated to cross USD 34.21 billion by 2027. Between the period 2021-2027, the market is expected to register a CAGR of 9.7%
The growing concerns pertaining to global warming and climatic changes in recent years have shifted the focus of consumers towards e-vehicles to curb the harmful exhaust emissions into the air. Along with this, e-vehicles are increasingly preferred for their low ownership costs, affordable maintenance, effective energy utilization, and charging infrastructure deployment, further complimenting the expansion of the market. The global automotive sunroof market size will surpass USD 34 billion by 2027.
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Automotive glass sunroof industry revenue is expected to attain traction over the predicted timeframe. This is owing to their increasing penetration in SUVs given their superior aesthetic value, non-fading abilities, and improved weathering characteristics. The incessant need for passenger comfort and safety features have also made way for the rise in efforts for improving the aesthetic appearances of the glass surfaces in vehicles.
The overall automotive sunroof market share from top mount/spoiler products is pegged to record an 8.5% CAGR up to 2027 owing to their higher adoption in sporty style and open-air driving vehicles. To state an instance, Webasto launched the Hollandia 300 to offer large openings within small trucks and cars. Moreover, the growing intake of glass-based sunroofs and various options for retrofitting will further drive the product demand.
Demand for automotive sunroof solutions across the aftermarket distribution channels will grow exponentially through 2027. This is ascribed to their higher preference in the maintenance and affordable purchasing of replacement automotive parts in comparison to OEMs. Aftermarkets can be addressed as secondary markets of automotive sunroofs, that are inclusive of production, supply, as well as installation of the system within the vehicles. Furthermore, these distributors offer relatively low-quality products which are highly opted by consumers looking for shorter product service life and cost-effective solutions.
The North America automotive sunroof market is expected to register a CAGR of around 9.5% attributed to rising product preference in passenger vehicles. A key technological upgrade which is fueling the regional industry is the integration for easy operations and improved connectivity in vehicles. Such developments are expected to eliminate the probable bottlenecks of sunroof operations.
Leading automotive sunroof suppliers are actively implementing key strategies such as joint ventures, like mergers and partnerships as well as product innovations for geographic expansion and to gain competitive advantages. To quote an instance, in May 2019, Spanish automotive firm, CIE Automotive SA, purchased Inteva Products LLC’s subsidiary of automotive sunroof and panel systems to expand its existing sunroof unit.
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Some Point from Table of Contents:
Chapter 6 Automotive Sunroof Market, By Operation
6.1 Global automotive sunroof industry share by operation, 2020 & 2027
6.2 Manually operated
6.2.1 Market estimates and forecast, 2017 – 2027
6.2.2 Market estimates and forecast, by region, 2017 – 2027
6.3.1 Market estimates and forecast, 2017 – 2027
6.3.2 Market estimates and forecast, by region, 2017 – 2027
Chapter 7 Automotive Sunroof Market, By Distribution Channel
7.1 Global automotive sunroof market share by distribution channel, 2020 & 2027
7.2.1 Market estimates and forecast, 2017 – 2027
7.2.2 Market estimates and forecast, by region, 2017 – 2027
7.3.1 Market estimates and forecast, 2017 – 2027
7.3.2 Market estimates and forecast, by region, 2017 – 2027
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