Automotive Sunroof Market Size to Record 12.8% CAGR Over 2023-2030; Technological Innovations in Passenger Vehicle Sunroofs to Fuel Market Growth

The global automotive sunroof market size touched USD 11.17 billion in 2022 and is predicted to reach USD 12.49 billion in 2023. The market is anticipated to touch USD 29.10 billion by 2030, recording a CAGR of 12.8% over 2023-2030.

Fortune Business Insights™ presents this information in its latest report titled “Automotive Sunroof Market Size, Share & COVID-19 Impact Analysis, By Vehicle Class (Economical, Medium Priced, and Luxury), By Propulsion Type (ICE and Electric), By Material Type (Glass and Fabric), By Product Type (Panoramic Sunroofs, In-Built Sunroof, and Others (Tilt & Slide, Pop Up, and Top Mount)), By Operation Type (Electric and Manual), and Regional Forecast, 2023 – 2030”.

Automotive sunroof refers to a fixed or operable opening in a car that lets fresh air and sunlight enter the vehicle, thereby offering sufficient ventilation and great comfort. Sunroofs also create an ambient temperature inside the car and come in different shapes, features, and sizes. Moreover, they offer several advantages such as ample illumination, brightness, and better air circulation, which provide better comfort to passengers. These features are anticipated to fuel the market growth.

Decreased Consumer Demand for New Vehicles Hindered Market Growth During COVID-19 Pandemic

The automotive sector suffered severe losses during the COVID-19 pandemic as this period saw a massive decline in the number of on-road vehicles due to lockdowns imposed by governments across the world. Since the pandemic created severe economic instability, many customers were dissuaded from buying new vehicles. This scenario slumped the production of sunroofs. Many automakers were compelled to reduce their production capacities, which further decreased the demand for vehicles with sunroofs, thereby negatively impacting the market progress.

Technological Innovations in Passenger Vehicle Sunroofs to Fuel Market Growth

A wide range of advanced technologies are being incorporated by automakers in their vehicles to increase their efficiency and performance. Many manufacturers are focusing on developing smart automotive sunroofs that come with automatic close & open features and adjustable tinting. These can be easily integrated with vehicle connectivity systems or mobile applications for better operation. Many sunroofs also come with solar panels that help the entire vehicle run on solar power, thereby helping customers reduce their carbon footprint. Such innovative features will boost the demand for advanced sunroofs in passenger vehicles.

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https://www.fortunebusinessinsights.com/automotive-sunroof-market-102060

Competitive Landscape

Key Players to Increase Focus on Introducing Wide Variety of Products to Cement Market Position

Some of the prominent companies operating in the market include CIE Automotive, Webasto Group, and Inalfa Roof Systems Group BV. These manufacturers are increasing their focus on developing futuristic sunroofs for different vehicle customers across the globe. Webasto Group, for instance, is a top manufacturer of thermal systems and roofs. The company produces panoramic roofs, convertible roofs, and automotive sunroof.

Notable Industry Development:

• August 2022: Webasto announced the acquisition of Carlex Glass Luxembourg SA in Grevenmacher (Luxembourg). The site produces glass components for passenger cars, has several international car manufacturers as its customers, and was earlier a part of Carlex Glass America LLC, based in Nashville, Tennessee (U.S.). Webasto is a market leader in the panoramic, sunroof, and convertible roof segments for several years.

List of the Companies Profiled in the Report:

• Webasto Group (Germany)
• CIE Automotive (Spain)
• Inteva Products LLC (U.S.)
• Inalfa Roof Systems Group BV (Netherlands)
• Valmet Automotive (Spain)
• Johnan America Inc. (U.S.)
• Yachiyo Wuhan Manufacturing Co., Ltd. (Japan)
• Magna International Inc. (Canada)
• Mitsuba Corporation (Japan)
• AISIN SEIKI Co. Ltd (Japan)

Further Report Findings

• Asia Pacific has captured the largest automotive sunroof market share due to growing demand for premium vehicles in developing countries, such as India and China, and increasing disposable income of the regional population. Manufacturers across the region are focusing on boosting their production capacity to cater to the growing product demand.
• The market in North America is predicted to showcase steady growth in the coming years, with the U.S. holding the largest share of the regional market. Factors, such as growing sales of SUVs and early adoption of innovative and comfort-oriented features in vehicles will aid the North America market growth.
• The glass segment has captured the largest share of the market as sunroofs made from this material can help customers reduce their dependence on their vehicle’s air conditioning systems. They are also undergoing technological advancements such as enhancements in sunroof glazing.

Table of Segmentation