Global Sunroof Glass Market Size, Share, Growth Analysis, By Sunroof Type(Panoramic Sunroof, Pop-up Sunroof), By Glass Type(Tempered Glass, Laminated Glass) - Industry Forecast 2023-2030

Global Sunroof Glass Market size was valued at USD 6.20 billion in 2021 and is poised to grow from USD 6.95 billion in 2022 to USD 15.48 billion by 2030, at a CAGR of 12.12% during the forecast period (2023-2030).

In July 2021, AGC Inc., a prominent glass manufacturer, unveiled its intention to invest EUR 5.5 million in enhancing its sunroof glass production facility in Belgium. This strategic move aims to effectively address the surging demand for high-quality sunroof glass in Europe's automotive sector. The global sunroof glass market serves the escalating need for vehicles equipped with sunroofs, delivering top-notch glass panels that meticulously fulfill safety, performance, and aesthetic prerequisites within the automotive industry. A pertinent example is Saint-Gobain Sekurit, a worldwide automotive glass supplier, which, in May 2021, allocated EUR 25 million for the advancement of its sunroof glass production plant in Germany. This investment seeks to amplify capacity and elevate production capabilities. Revered as a luxury attribute in vehicles, sunroofs bestow an enriched driving encounter and heightened passenger comfort. Meticulously crafted sunroof glass ensures unobstructed visibility, shields against external elements, and upholds structural soundness, thereby ensuring the secure and dependable operation of vehicle sunroofs.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Sunroof Glass Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Segments covered in this report:

The segmentation of the global sunroof glass market encompasses various factors. It is categorized based on vehicle type, including electric, passenger, and commercial vehicles. Furthermore, sunroof types play a role, with options like panoramic, pop-up, spoiler, and inbuilt sunroofs defining the market. Diverse glass types also contribute to the segmentation, such as tempered, laminated, solar control, and privacy glass. Geographically, the market is stratified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, encompassing a wide range of regions and their unique dynamics.

Driver:

The dynamics of the global sunroof glass market are characterized by several compelling drivers. Notably, the market is experiencing momentum due to significant technological advancements within sunroof glass. This encompasses a spectrum of enhancements, including bolstered safety features, incorporation of lightweight materials, and the ability to offer customizable designs. These advancements are amplifying the appeal of sunroofs among vehicle manufacturers, enabling them to provide innovative and high-performance solutions in the realm of sunroof glass. Moreover, a burgeoning consumer awareness regarding the manifold advantages associated with welcoming natural light and fresh air into the vehicle cabin is driving the widespread installation of sunroofs across diverse vehicle segments. This surge in demand underscores consumers' pursuit of a more comfortable and enjoyable driving experience, further fueling the market's growth trajectory.

Restraint:

The evolution of the sunroof glass market is accompanied by notable restraints. Particularly, the presence of rigorous regulations and safety standards within the automotive sector, specifically concerning aspects related to sunroof glass, could impede market expansion. Manufacturers may encounter obstacles in terms of ensuring compliance with these stringent regulations, potentially resulting in additional costs. This regulatory landscape has the potential to exert an impact on the growth trajectory of the sunroof glass market.

Market Trends:

A notable trend in the global sunroof glass market is the increasing embrace of electric and hybrid vehicles, which is propelling the need for expansive sunroofs. This demand arises from the desire to offset the absence of traditional engine noise and emissions associated with such vehicles. Larger sunroofs cater to an enhanced and unrestricted driving experience for passengers, contributing to a more pleasurable and open ambiance within the vehicle.