by The automotive sunroof is a movable glass panel that is installed in the roof of a car for ventilation and illumination. It allows light and fresh air to enter the passenger compartment while also offering an open-air driving experience. Power sunroofs have gained significant popularity due to their convenience and rise in disposable incomes. There are different types of sunroofs, including the sliding sunroof, pop-up sunroof, and panoramic sunroof. OEMs are rapidly integrating innovative sunroof technologies in new vehicle models to attract more buyers.
The global automotive sunroof market is estimated to be valued at US$ 11326.93 Mn in 2023 and is expected to exhibit a CAGR of 8.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
Increasing consumer demand for enhanced vehicle aesthetics and comfortable driving experience is one of the major drivers fueling the demand for automotive sunroofs. The growing middle-class population and rising living standards in developing nations have made consumers more inclined towards premium vehicles features. Furthermore, continuous technological advancements have made sunroofs more durable and affordable. Major automakers are focusing on introducing panoramic sunroofs and one-touch functions in their models to enhance the overall driving experience. However, sunroofs also add to the total cost of ownership which acts as a limiting factor for the mass market. In addition, frequent use of sunroofs in commercial vehicles can also increase maintenance and repair costs due to weathering. OEMs are focusing on developing lightweight, robust, and affordable sunroof designs to minimize these challenges.
Segment Analysis
The automotive sunroof market can be segmented by type into glass sunroof and folding sunroof. Among these, the glass sunroof segment is dominating the market and accounts for over 70% share. Glass sunroofs offer a panoramic view to the passengers while also allowing natural light inside the vehicle. They provide a premium feel to vehicles and hence witness higher preference among customers.
PEST Analysis
Political: The governments across regions are focusing on introducing stringent fuel-efficiency and emission standards which is influencing automakers to optimize vehicle weight and reduce CO2 emissions. This is positively impacting the installation of lightweight components like sunroofs.
Economic: Rising disposable income levels have increased the average spending power of consumers on luxury and premium vehicles. This combined with growing focus on enhancing the overall in-cabin experience is driving the demand for automotive sunroofs.
Social: Younger generations are showing high preference for open-air driving experiences and customizable in-vehicle features. Also, the aspirational value associated with sunroofs equipped high-end vehicles acts as a status symbol. This changing social trend is boosting the market growth.
Technological: Automotive sunroof manufacturers are continuously focusing on developing lightweight sunroofs using advanced composite materials to enhance fuel efficiency. They are also integrating sunroofs with sunshades, sunvisors and electric sunblind options for enhanced convenience.
Key Takeaways
The Global Automotive Sunroof Market Size is expected to witness high growth during the forecast period of 2023 to 2030.
Regional analysis indicates that Asia Pacific dominated with over 40% share in 2024 led by countries like China, Japan, and India. The region is expected to continue its dominance attributed to the growing production and sales of passenger vehicles in the region.
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. Key players are focusing on advanced technologies to reduce weight and provide convenience features to end users. They are also targeting emerging markets through strategic partnerships with regional players.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
