The automotive sunroof market is projected to register steady growth on account of rising sales of mid-size and small SUVs. Increasing concerns about global warming and climate changes over the recent years has shifted the consumer focus towards e-vehicles as they decrease the harmful exhaust emissions into the air. E-vehicle demand is likely to surge owing to cost-effective maintenance, effective energy utilization, charging infrastructure deployment, and low ownership costs. This could boost the demand for automotive sunroofs given to their rich aesthetics and better ventilation properties.
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.
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Automotive sunroofs made of glass material, especially in SUVs, is gaining popularity across the world. Panoramic sunroof are among high demand owing to the non-fading nature, better weathering characteristics, and superior aesthetic value to the vehicle. These sunroof can provide more natural air conditioning and sunlight to passengers, can cool down the car cabin faster, and serve as an emergency escape in some situations. There is a growing need to enhance the aesthetic appearance of glass surfaces in vehicles as well as a robust emphasis on enhancing passenger comfort and safety features.
Driven by increasing demand, automotive sunroof companies are working on advanced products and technologies. For instance, in 2021, Mahindra announced the launch of its latest model, Mahindra XUV 700, consisting of several new features including a panoramic sunroof, cruise control, and auto booster headlamps. The sunroof is considered the largest in the segment yet.
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 Automotive Sunroof Market from top mount/spoiler segment is anticipated to record a CAGR of around 8.5% credited to its demand from open-air and sporty style driving vehicles. Rising demand for glass automotive sunroofs and options for retrofitting is likely to favor segment growth over the forecast period.
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.
Notably, automotive sunroof firms such as Webasto SE, Aisin Seiki Co. Ltd., Inteva Products LLC, CIE Automotive, Inalfa Roof Systems B.V., and Magna International, Inc. are focusing on various business strategies like mergers and acquisitions, partnerships, product innovations, joint ventures, and geographic expansions. In 2018, CIE Automotive announced its acquisition of Inteva Roof Systems, the company specializing in the design and manufacture of automotive sunroofs.
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Some Point from Table of Contents:
Chapter 4 Automotive Sunroof Market, By Material
4.1 Global automotive sunroof market share by material, 2020 & 2027
4.2.1 Market estimates and forecast, 2017 – 2027
4.2.2 Market estimates and forecast, by region, 2017 – 2027
4.3.1 Market estimates and forecast, 2017 – 2027
4.3.2 Market estimates and forecast, by region, 2017 – 2027
Chapter 5 Automotive Sunroof Market, By Product
5.1 Global automotive sunroof market share by product, 2020 & 2027
5.2.1 Market estimates and forecast, 2017 – 2027
5.2.2 Market estimates and forecast, by region, 2017 – 2027
5.3.1 Market estimates and forecast, 2017 – 2027
5.3.2 Market estimates and forecast, by region, 2017 – 2027
5.4 Top Mount/Spoiler
5.4.1 Market estimates and forecast, 2017 – 2027
5.4.2 Market estimates and forecast, by region, 2017 – 2027
5.5.1 Market estimates and forecast, 2017 – 2027
5.5.2 Market estimates and forecast, by region, 2017 – 2027
5.6.1 Market estimates and forecast, 2017 – 2027
5.6.2 Market estimates and forecast, by region, 2017 – 2027
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