PUBLISHER: The Business Research Company | PRODUCT CODE: 1392493
PUBLISHER: The Business Research Company | PRODUCT CODE: 1392493
“Automotive Sunroof Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on automotive sunroof market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for automotive sunroof? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The automotive sunroof market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
An automotive sunroof is a fixed or movable opening in the roof of a vehicle, which can be operated manually or automatically, and may feature a transparent or opaque panel. The purpose of an automotive sunroof is to allow fresh air and natural light to enter the vehicle.
The main types of automotive sunroofs include inbuilt sunroofs, spoiler sunroofs, pop-up sunroofs, panoramic sunroofs, and others. Spoiler sunroofs have a unique opening process where the sunroof opens at the top of the roof rather than inside the vehicle. Spoiler sunroofs are well-suited for vehicles with shorter roofs. Sunroofs can be made from various materials, including glass, fabric, and others. They are incorporated into different types of vehicles, including passenger cars, light commercial vehicles, and electric vehicles.
The automotive sunroof market research report is one of a series of new reports from The Business Research Company that provides automotive sunroof market statistics, including automotive sunroof industry global market size, regional shares, competitors with market share, detailed automotive sunroof market segments, market trends and opportunities, and any further data you may need to thrive in the automotive sunroof industry. This automotive sunroof market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The automotive sunroof market size has grown rapidly in recent years. It will grow from $7. 24 billion in 2023 to $8. 01 billion in 2024 at a compound annual growth rate (CAGR) of 10. 7%. The growth observed during the historic period can be attributed to various factors, including consumer demand for an enhanced driving experience, innovations in automotive design, an increase in disposable income, a focus on aesthetics in vehicle manufacturing, and a heightened demand for luxury and premium cars. These factors collectively contributed to the dynamics of the automotive sunroof market during the historic period.
The automotive sunroof market size is expected to see rapid growth in the next few years. It will grow to $11. 97 billion in 2028 at a compound annual growth rate (CAGR) of 10. 6%. The anticipated growth in the forecast period can be attributed to increased adoption of vehicle electrification, the incorporation of sophisticated electrical systems within the automotive sector, a heightened emphasis on safety and performance enhancements, a focus on sustainable and eco-friendly materials, and growth in the luxury car segment. Major trends expected during this period include advancements in glass technology providing greater ultraviolet protection, technological innovations in sunroof mechanisms, the integration of smart sensors for automatic control, the development of self-tinting and glare-reducing sunroof glass, and the adoption of energy-efficient and noise-reducing technologies. These trends are expected to shape the evolution of the automotive sunroof market in the forecast period.
The automotive sunroof market is anticipated to witness substantial growth, primarily driven by the increasing sales of passenger vehicles. These vehicles, utilized for commercial passenger transportation, incorporate sunroofs to elevate interior brightness, improve ventilation, and enhance overall passenger experience. The integration of sunroofs in passenger vehicles aims to enhance comfort during transit. Notably, the China Association of Automobile Manufacturers reported a significant surge in passenger vehicle sales, reaching approximately 21. 48 million in 2021, marking a 6. 5% increase from the previous year. Consequently, this upward trend in passenger vehicle sales serves as a catalyst propelling the expansion of the automotive sunroof market.
The escalating demand for solar energy contributes significantly to the growth trajectory of the automotive sunroof market. Solar energy, sourced from the sun's radiation, is a renewable and sustainable power option. Automotive solar roofs leverage photovoltaic (PV) solar cells integrated into the vehicle's sunroof to capture sunlight and convert it into electrical energy, serving as a power source for charging vehicle batteries. The International Energy Agency reported a substantial increase in solar photovoltaics (PV) energy generation, rising by 270 terawatt-hours (TWh) in 2022, marking a 26% surge to nearly 1300 terawatt-hours (TWh). This mounting demand for solar energy acts as a driving force behind the growth of the automotive sunroof market.
Leading companies within the automotive sunroof market are prioritizing technological innovation, exemplified by the development of the Advanced Driver Assistance Systems (ADAS) roof module. This pioneering technology integrates 14 cameras and lidar sensors into a panoramic vehicle sunroof. For instance, the Webasto Group, a Germany-based automotive industry manufacturer, unveiled the ADAS roof module in August 2023. Equipped with functions like obstacle detection, lane departure warning, automatic emergency braking, adaptive cruise control, and traffic sign recognition, the ADAS roof module emphasizes safety optimization, aesthetic appeal, space utilization, and ease of maintenance. Such innovative advancements signify a concerted effort among market players to deliver reliable and technologically sophisticated services to customers within the automotive sunroof sector.
Prominent players in the automotive sunroof market are directing their efforts toward technological innovation, notably the development of electric sunroof systems, aiming to deliver enhanced and reliable services to customers. Electric sunroofs represent a specialized sunroof type tailored to offer passengers a luxurious and comfortable driving experience. An illustrative example occurred in August 2023 when Kia Corporation, a South Korean-based automotive manufacturer, introduced an electric sunroof for the HTK+ variant of the Sonet, a compact crossover SUV. This particular Sonet variant features an 8-inch touchscreen infotainment system equipped with four speakers and two tweeters, complemented by the addition of an electric sunroof. Kia's innovative electric sunroof integration underscores a commitment to providing consumers with enhanced driving experiences through advanced automotive technologies.
In June 2022, Champion Auto Systems, a US-based company specializing in seating systems and sunroof solutions, made a significant move by acquiring the Hollandia 700 (H700) product line of sunroofs from Webasto SE. This strategic acquisition serves to strengthen Champion Auto Systems' existing product portfolio, enabling it to better cater to customer needs within the automotive sunroof market. Webasto SE, a Germany-based manufacturer renowned for producing sunroofs, electric vehicle chargers, and air-conditioning systems, divested its Hollandia 700 (H700) product line, indicating a strategic alignment aimed at refining product offerings and bolstering customer service capabilities within the automotive sunroof industry.
Major companies operating in the in the automotive sunroof market report are Webasto SE, CIE Automotive SA, Inteva Products LLC, Inalfa Roof Systems Group BV, Yachiyo Industry Co. Ltd., Johnan America Inc., Signature Automotive Products LLC, Magna International Inc., Mitsuba Corporation, AISIN Corporation, Wuxi Ming Fang Automobile Parts Industry Co. Ltd., Automotive Sunroof-Customcraft Inc., BOS GmbH & Co. KG, Asahi Glass Co Ltd., Valmet Automotive Inc., Corning Incorporated, Meritor Inc., Yuhuan Mingda Auto Parts Co. Ltd., Aguti Produktentwicklung & Design GmbH, Inoac Corporation, Preh GmbH, Wuhu Mosun Technology Co. Ltd., Guelph Manufacturing Group Inc., CTS Corporation, GAHH Automotive Group, Wilhelm Karmann GmbH, Nippon Sheet Glass Co. Ltd., Saint-Gobain Sekuri, C. Rob. Hammerstein Group, KRD Sicherheitstechnik GmbH
Asia-Pacific was the largest region in the automotive sunroof market in 2023. Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the automotive sunroof market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the automotive sunroof market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.
The automotive sunroof market consists of sales of folding/ragtops sunroof, removable sunroof and solar sunroof. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.