Car Sunroof Market

Car Sunroof Market Size (2023 - 2028):

The Global Car Sunroof Market was worth US$ 1.54 billion in 2022 and is anticipated to reach a valuation of US$ 2.7 billion by 2028 and is predicted to register a CAGR of 9.92% during 2023-2028.

Market Overview:

A car sunroof is an opening in the top of the car that lets fresh air and light into the car. Sunroofs are actually or electrically worked and come in various sizes, shapes, and styles depending upon the sort of vehicle. They increment the solace level for travellers by giving a better air course and predominant splendor and lighting during the day. Original equipment makers (OEMs) started offering modest all-encompassing sunroofs or discretionary sunroof frameworks and other little spoiler-style sunroofs for mid-portion vehicles, notwithstanding luxury or very good quality vehicles.

The global car sunroof market is relied upon to post a CAGR of over 9% during the conjecture time frame of 2022 - 2027. A sunroof is regularly observed as an extra component in vehicles, which is accessible in either fixed or practical openings (ventilation or sliding) at the top of a vehicle. The sunroof, as an element of vehicles, was introduced in 1932, when Mercedes Benz offered the principal vehicle sunroof. Europe accounted for the dominant share in the global car sunroof market while the Asia Pacific is predicted to record the highest development rate in this market in the coming years.

Market Drivers:

Automobile manufacturers and suppliers are jointly trying to improve the safety factors of various systems implemented in automobiles. Automakers have also managed to integrate rain sensors into these systems. As a result, sunroofs on cars can be closed automatically as soon as it starts to rain. These innovations are expected to support market growth during the foreseen period. Moon roofs were initially limited to luxury cars. However, they have become extremely popular due to their ability to maintain optimal sunlight levels provide better in-car visibility and ultimately enhance the driving experience. In addition, the young people found the sunroofs especially attractive. This prompted the automaker to install sunroofs in other segments as well.

Market Restraints:

However, sunroofs have several drawbacks. Sunroofs are very expensive to integrate and costly to repair in the event of failure. They add extra weight, reduce headroom, and obstruct laminar airflow over the air. They also require regular maintenance. These factors act as obstacles to the rapid growth of the market.

Market Recent Developments:

• Inteva Products' sunroof and tilt system will be featured in the new C-Evo sedan produced by Guangzhou Auto (GAC), a joint venture between Guangzhou Automobile Industry Group Co., Ltd. and Fiat. Inteva Products is the world's chief in sunroof solutions for the car business.

• Aisin Seiki, a $ 32 billion Japanese auto components giant, plans to double its revenue in India over the next three years.

• The decision by automotive glass roof maker Webasto to expand its capacity in North America is justified as US automakers turn to the German company's innovative roof systems.

CAR SUNROOF MARKET REPORT COVERAGE:

Market Segmentation:

Car Sunroof Market - By Product Type:

• Glass Sunroof
• Fabric Sunroof

Glass sunroofs accounted for a significant portion of car sunroof market revenue during the review period. This can be attributed to advancements in glass technology that provide superior protection against UV rays. In addition, a wide range of glasses such as laminated glass and tempered glass with higher shatter and scratch resistance offer positive prospects for the expansion of the industry.
The fabric sunroof will represent a significant portion of the market size during the outlook period. In addition, the improved protection offered by glass sunroofs, as well as the increase in convertible sales, further limit the expansion of the fabric sunroof market.

Car Sunroof Market - By Vehicle Type:

• Mid-Segment Vehicles

• Premium & Luxury-Segment Vehicles

In recent years, consumers have turned to motorized vehicles because these vehicles have luxurious features, such as the sunroof and Advanced Driver Assistance System (ADAS), and are technologically advanced compared to traditional vehicles. For example, Australian company Hyundai offered excellent full-length dual-panel panoramic sunroof features to its next hatchback model, the i30. This sunroof provides users with a power slide and tilts the front panel with a luxurious look. These advanced features at an affordable price are likely to create many opportunities for market expansion.

Market Regional Analysis: 

The Global Solar Carport Market Report includes the segmentation of regions:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

The European car sunroof market accounted for a significant part of revenue in 2018. This can be attributed to the presence of major car manufacturers such as BMW AG, Audi AG, and Daimler AG, among others, in the region. These manufacturers continually invest in R&D to integrate solar sunroofs into their cars to improve the efficiency of electric vehicles. For example, in August 2017, Audi AG announced the installation of glass sunroofs with solar cells, which enabled the company to offer improved charging capabilities to improve car battery efficiency. Asia-Pacific will experience the highest growth in its market share due to increased sales of premium vehicles in countries such as China, India, Thailand, and Japan. In addition, the governments of emerging countries such as South Korea, Thailand, and India are offering incentives to automakers to increase their car production. Furthermore, foreign direct investment for the establishment of new manufacturing plants in the area stimulates regional growth during the outlook period.

Impact of COVID-19 on Car Sunroof Market:

COVID-19 can influence the worldwide economy by straightforwardly influencing manufacturing and request, by interrupting the supply chain, and by its budgetary effect on firms and money-related businesses.

Continuous vulnerabilities will sharply affect the mobility division. Customer traffic in physical showrooms is relied upon to plunge with an up to 20% drop in new vehicle deals in 2020. Mutual mobility has endured the biggest shot, with a 50-55% drop in business. Interest in vehicle adjusting and parts, momentary vehicle rentals, and shared mobility administrations will fade steeply. Irritating the circumstance is a previously debilitated customer request because of a drop in the private venture and a financial emergency, making it hard to get to credit. Generally speaking, vehicle deals are foreseen to keep dropping in 2021, with the car business expected to recuperate by 2022. The ongoing reaction against Chinese assembling could introduce an open door for nations like India, particularly as an elective supply chain market for gadgets assembling and auto segments.

Market Key Players:

1. Aisin Seiki Co., Ltd.
2. Inalfa Roof Systems Group B.V.
3. Webasto Roof Systems, Inc.
4. Inteva Products, LLC.
5. Johnan America, Inc.
6. Yachiyo Industry Co., Ltd.
7. CIE Automotive
8. BOS GmbH & Co. KG
9. Automotive Sunroof Company, Inc.
10. Magna International, Inc.