|Fastest Growing Market:||Asia-Pacific|
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The automotive sunroof market was valued at USD 6.24 billion in 2021, and it is expected to reach USD 10.90 billion in 2027, registering a CAGR of above 9% during the forecast period (2022 - 2027).
The COVID-19 pandemic has hindered the growth of the automotive sunroof market due to its impact on vehicle production, as there was continuous shut down of manufacturing facilities and disruption of the supply chain across various parts of the world.
Increasing passenger vehicle sales in conjunction with rising per capita income and consumer spending toward effective ventilation and brighter vehicle interiors to enhance the overall driving experience will positively influence the industry demand. Moreover, technological advancements in sunroof materials drive automotive sunroof demand. Thereby, ongoing design upgrades and material advancements to reduce weight and provide stability are boosting the industry's growth.
Europe dominates the sunroof market throughout the forecasted period, followed by North America and Asia-Pacific. The demand for sunroof systems as after-sale customization witnessed a spike in popularity, especially among the younger population in Asian countries. These factors greatly influenced the rebound of sunroof systems and are anticipated to propel the market globally.
Scope of the Report
The sunroof in a vehicle is a fixed or operable opening in a vehicle roof that allows light and fresh air to enter the passenger compartment. It is either transparent or non-transparent panels that are manually operated or manually driven, and the availability of a sunroof varies from vehicle to vehicle.
The scope of the report covers segmentation based on material type, type, vehicle type, and geography. By material type, the market is segmented into glass, fabric, and other material types. By type, the market is segmented into the built-in sunroof, tilt ‘n slide sunroof, and a panoramic sunroof. By vehicle type, the market is segmented into hatchback, sedan, and sports utility vehicles, and by geography, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the world.
The report also covers the market size and forecast for the automotive sunroof market across the regions mentioned. For each segment, the market sizing has been done in terms of value (USD billion).
|Other Material Types|
|Built-in Sunroof System|
|Tilt ‘N Slide Sunroof System|
|Panoramic Sunroof System|
|Sports Utility Vehicle|
Key Market Trends
Increased Adoption of Sunroofs in Sports Utility Vehicles
Sport utility vehicles constitute one of the most popular automotive segments due to a wide range of vehicles of unmatched versatility in range, power output, and features. It is anticipated to witness an increased adoption, particularly in developing countries such as China and India, as consumer demand in these regions is growing at a faster pace. Thus, these factors have compelled manufacturers such as Ford, Chevrolet, Toyota, and Kia, among others, to further provide equipped features for enhanced customer satisfaction, as they were initially restricted to premium cars. For instance,
- In Oct 2021, Mahindra introduced XUV700 with a sunroof to enhance the passenger experience. The vehicle not only provides a natural condition but also enhances the vehicle's aesthetics.
Moreover, Audi Q3, Audi Q7, Acura RDX, and BMW X3, X5, and X6 are some of the popular and new SUV models fitted with panoramic sunroofs, which are expected to dominate the SUV market and drive the growth rate of the automotive sunroof in SUVs. For instance,
- In February 2021, BMW X3 xDrive30i Sport X waslaunched in India at INR 56.5 lakh. The new car is locally produced at BMW Group Plant Chennai, and the company has announced that the 'Sport X' petrol variant of the BMW X3 is also made available.
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Asia-Pacific to Drive the Sunroof Market
The Asia-Pacific region accounts for the largest share of the global automotive sunroof market due to the presence of major automotive manufacturers, such as Hyundai-Kia, Suzuki, Mitsubishi, Tata Motors Limited, Lexus, and Toyota. Growing car customization trends and a higher younger population demanding aftermarket sunroof installations are some of the major factors driving the market for sunroofs in these countries.
Moreover, governments across Asia-Pacific are taking initiatives for the development of the automotive sector, in turn boosting associated market development. Further government initiatives to increase the adoption of electric vehicles and the rise in mass segment cars offering sunroofs as an optional feature are responsible for the stimulating demand for in-vehicle sunroofs. For instance,
In union Badgat 2021 Indian government has declared various subsidies for electric cars. Such government initiatives in different countries are likely to boost manufacturers in the market to boost their production during the forecast period.
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The automotive sunroof market is consolidated with the presence of major players, such as Webasto Group, Inalfa Roof Systems Group BV, and Inteva Products LLC, dominating the market. Due to the high profitability of the market, these major players focus on the acquisition of small regional players for a higher penetration into the regional markets.
- In May 2021, AGC Inc. (AGC) announced that its light-control panoramic roof with Low-E coating had been adopted to the Lexus RZ, the brand’s first dedicated battery EV model.
- In March 2021, Webasto SE (Webasto) announced that it had provided PBO 2.0 large bottom-mounted panoramic sunroofs for Great Wall Motor’s Mocha DHT-PHEV under the WEY brand.
Inteva Products LLC
Yachiyo Industry Co. Ltd
Inalfa Roof Systems Group B.V.
AISIN SEIKI Co. Ltd
- In June 2021, Webasto announced that it is supplying the elegant sliding panorama sunroof for the new Mercedes-Benz S-Class. Two roof modules allow the driver and passenger in the rear of the vehicle to determine their desired settings individually and independently of each other.
- In March 2021, Inalfa Roof Systems announced that it will supply sunroof products for the Great Wall Motor V61.
Table of Contents
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Material Type
5.1.3 Other Material Types
5.2.1 Built-in Sunroof System
5.2.2 Tilt ‘N Slide Sunroof System
5.2.3 Panoramic Sunroof System
5.3 Vehicle Type
5.3.3 Sports Utility Vehicle
5.4.1 North America
18.104.22.168 United States
22.214.171.124 Rest of North America
126.96.36.199 United Kingdom
188.8.131.52 Rest of Europe
184.108.40.206 South Korea
220.127.116.11 Rest of Asia-Pacific
5.4.4 Rest of the World
18.104.22.168 South America
22.214.171.124 Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles*
6.2.1 Webasto Group
6.2.2 CIE Automotive
6.2.3 Inteva Products LLC
6.2.4 Inalfa Roof Systems Group BV
6.2.5 Yachiyo Industry Co. Ltd
6.2.6 Johnan America Inc.
6.2.7 Signature Automotive Products
6.2.8 Magna International Inc.
6.2.9 Mitsuba Corporation
6.2.10 AISIN SEIKI Co. Ltd
7. MARKET OPPORTUNITIES AND FUTURE TRENDS**
Frequently Asked Questions
What is the study period of this market?
The Automotive Sunroof Market market is studied from 2018 - 2027.
What is the growth rate of Automotive Sunroof Market?
The Automotive Sunroof Market is growing at a CAGR of >9% over the next 5 years.
What is Automotive Sunroof Market size in 2018?
The Automotive Sunroof Market is valued at 6 Billion USD in 2018.
What is Automotive Sunroof Market size in 2027?
The Automotive Sunroof Market is valued at 10 Billion USD in 2027.
Which region has highest growth rate in Automotive Sunroof Market?
Asia-Pacific is growing at the highest CAGR over 2021- 2026.
Which region has largest share in Automotive Sunroof Market?
Europe holds highest share in 2021.
Who are the key players in Automotive Sunroof Market?
Webasto Group, Inteva Products LLC, Yachiyo Industry Co. Ltd, Inalfa Roof Systems Group B.V., AISIN SEIKI Co. Ltd are the major companies operating in Automotive Sunroof Market.