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The Automotive Sunroof Market Size is estimated to grow at a CAGR of 10.15% between 2022 and 2027. The size of the market is forecast to increase by USD 9,143.38 million. The growth of the market depends on several factors, including the growing popularity of SUVs, the adoption of smart glass technology, and the adoption of wind deflectors.
This report extensively covers market segmentation by application (luxury passenger vehicles, mid-size passenger vehicles, and entry-level passenger vehicles), material (glass and fabric), and geography (APAC, Europe, North America, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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The growing popularity of SUVs is notably driving the market growth, although factors such as cost pressures may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Key Automotive Sunroof Market Driver
The growing popularity of SUVs is a key factor driving the growth of the global automotive sunroof market. The SUV market is witnessing growing volume sales of small and crossover SUVs due to their better affordability and low cost of ownership, which, in turn, is driving the market. Emerging economies, such as China and India, are witnessing the growing popularity of SUVs, with China leading the global SUV market based on volume sales. Some of the well-established SUVs in the C-segment and D-segment categories from automakers, such as Toyota Motor, Ford Motor Company, and Nissan Motor Company, have been driving the global SUV market.
Moreover, the SUV segment is also a high adopter of panoramic sunroofs through OE replacement and aftermarket, as the cost incurred on replacement or fitment is affordable by customers, particularly in developed economies. Webasto is the most prominent supplier of panoramic sunroofs to the aftermarket. As most SUVs are used for long-distance travel, panoramic sunroofs have become a necessary component to make driving entertaining, both during the day and at night. Hence, SUV customers prefer panoramic sunroofs as a standard fitment in their vehicles or install it through OE replacement or aftermarket option. Such factors will increase the market growth during the forecast period.
Significant Automotive Sunroof Market Trend
The growing popularity of polycarbonate applications is the primary trend in the global automotive sunroof market growth. Stringent regulations to increase fuel economy and the efficiency of modern vehicles are encouraging automotive OEMs to adopt innovative technologies that have enabled a reduction in vehicle weight by maintaining optimum performance. Glass has been the traditional material used in various automotive components, such as windows, windshields, and sunroofs; however, the material adds substantially to the weight of the vehicle. This has led to the introduction of polycarbonate rear quarter windows by Toyota Motors in its special edition 86 GRMN sports car, which, in turn, created awareness about the use of polycarbonate in the automotive industry.
Polycarbonate is a plastic that comprises the chemical carbonate group. The unique selling proposition (USP) of polycarbonate over glass is its low weight. Its adoption in panoramic sunroofs, which demand large glass sizes, can be significantly advantageous to automotive OEMs in weight reduction in vehicles. For instance, polycarbonate panoramic sunroofs are 50% lighter than glass sunroofs. As a result, prominent automotive sunroof vendors are working toward the development of polycarbonate sunroofs. Webasto has already developed polycarbonate sunroof systems and components like roof blinds. This development will be crucial for the growth of the market during the forecast period.
Major Automotive Sunroof Market Challenge
The cost pressures are a major challenge to the growth of the global automotive sunroof market. Although automotive sunroofs have been around for quite some time, their adoption is dependent on their price, as automotive OEMs are faced with cost pressures owing to the highly competitive nature of the automotive industry. This is predominantly applicable to emerging nations, where customers are price sensitive. As a result, automotive OEMs in emerging markets offer panoramic sunroofs only in luxury passenger vehicles and provide conventional sunroofs in entry-level and mid-size passenger vehicles.
Another factor adding to the cost of sunroofs is their electronic components. Automotive sunroofs consist of electronic components like circuits, control switches, relays, motors, wires, and others. These electronic components increase ease and functionality and enhance driving comfort and safety. These devices are available with advanced functionality and compatibility features. However, the high costs associated with these devices have restrained automotive manufacturers from providing these sunroofs in the low-price segment, which is inhibiting the growth of the market during the forecast period.
Key Automotive Sunroof Market Customer Landscape
The market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Automotive Sunroof Market Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
AGC - The company offers automotive sunroofs that is used to bring sun brightness and fresh air inside the automobile, and create spaciousness and a refreshing feeling.
The market report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market share growth by the luxury passenger vehicles segment will be significant during the forecast period. Luxury passenger vehicles have a high penetration rate of advanced automotive technologies, which enhance their comfort, safety, and ride quality. OEMs tend to launch their innovations in this segment, which eventually trickles down to the mid-size and entry-level passenger vehicle segments. The low price sensitivity of the target customer base of luxury passenger vehicles provides ample room for OEMs to experiment with new technologies without stressing their commercial viability. Such factors will increase segment growth during the forecast period.
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The luxury passenger vehicles segment was valued at USD 5,912.40 million in 2017 and continue to grow by 2021. The global automotive sunroof market in the luxury passenger vehicle segment is expected to continue to grow during the forecast period because of the demand for various innovations and comfort features in this segment. The segment is witnessing crucial developments in the form of solar sunroofs and polycarbonate glazing. Developments with respect to automatic deflectors are also going on that has the potential to reduce sunroof buffeting noise effectively. As the customers of this segment are innovators and early adopters, most of these developments are expected to be witnessed first in this segment. As a result, revenue contribution from this segment is expected to be high, although, in terms of volume, it is behind the mid-size passenger vehicle segment.
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APAC is estimated to contribute 45% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. APAC is expected to be the fastest-growing region of the global automotive sunroof market during the forecast period. China, India, South Korea, and Japan are the major contributors to the growth of the market in the region. APAC is the most prominent region for the sales of passenger cars. The growing adoption of sunroofs in passenger cars, particularly in sedans, hatchbacks, and SUVs, is a crucial driver for the growth of the market in focus in APAC. Also, the shift in consumer focus from the mileage provided by vehicles to the aesthetics and advanced features provided in them is expected to drive the adoption of sunroofs, which will have a positive impact on the growth of the market in the region during the forecast period.
The COVID-19 pandemic had an adverse impact on several countries in the region in 2020. However, the launch of large-scale COVID-19 vaccination drives and the resumption and reopening of international borders for trade led to a recovery in demand for automotive sunroofs in APAC in late 2021 and 2022, which is expected to continue during the forecast period. The containment of the pandemic also helped automotive sunroof manufacturers resume their production activities, which drove the production and sales of automotive sunroofs in 2021 and 2022 and is expected to drive the same in the region during the forecast period.
The automotive sunroof market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Automotive Sunroof Market Scope |
|
Report Coverage |
Details |
Page number |
161 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 10.15% |
Market growth 2023-2027 |
USD 9,143.38 million |
Market structure |
Concentrated |
YoY growth 2022-2023(%) |
9.29 |
Regional analysis |
APAC, Europe, North America, Middle East and Africa, and South America |
Performing market contribution |
APAC at 45% |
Key countries |
US, China, Japan, Germany, and UK |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
AGC Inc., Aisin Corp., Automotive Sunroof Customcraft Inc., BAIC Group, BOS GmbH and Co. KG, CIE Automotive SA, Inteva Products LLC, Johnan Manufacturing Inc., Magna International Inc., Mitsuba Corp., Nippon Sheet Glass Co. Ltd., Shanghai Mobitech Co. Ltd., Webasto SE, Wuhu Motiontec Automotive Technology Co. Ltd., Wuxi Ming Fang AutoMobile Parts Industry Co. Ltd., and Yachiyo Industry Co. Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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