Global Car Sunroof Market Size, Share, Trends and Growth Forecast Report – Segmented By Product Type (Glass Sunroof, Fabric Sunroof), Vehicle Type (Mid Segment Vehicles, Premium and Luxury Segment Vehicles) and Region (North America, Europe, Asia Pacific, Latin America, and Middle East - Africa) – Industry Forecast From 2024 to 2032

Updated On: June, 2024
ID: 11122
Pages: 150

Global Car Sunroof Market Size (2024 to 2032)

The global car sunroof market was valued at USD 1.69 billion in 2023 and is anticipated to reach USD 1.86 billion by 2032 from USD 3.96 billion by 2032, growing at a CAGR of 9.92% during 2024 to 2032.

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 travelers 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.

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.

REPORT COVERAGE

REPORT METRIC

DETAILS

Market Size Available

2023 to 2032

Base Year

2023

Forecast Period

2024 to 2032

CAGR

9.92%

Segments Covered

By Product Type, Vehicle Type, and Region.

 

Various Analyses Covered

Global, Regional and Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

 

Market Leaders Profiled

Magna International Inc., GKN plc, BorgWarner Inc., American Axle & Manufacturing Inc., Meritor Heavy Vehicle Systems LLC, Marmon Group, Hyundai Dymos Inc., Fabco Automotive Corporation, Univance Corporation., and Others.

 

 

SEGMENT ANALYSIS

Global Car Sunroof Market Analysis 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.

Global Car Sunroof Market Analysis 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.

Regional Analysis 

  • 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.

KEY MARKET PLAYERS

Aisin Seiki Co., Ltd., Inalfa Roof Systems Group B.V., Webasto Roof Systems, Inc., Inteva Products, LLC., Johnan America, Inc., Yachiyo Industry Co., Ltd., CIE Automotive, BOS GmbH & Co. KG, Automotive Sunroof Company, Inc., Magna International, Inc. These are the market players that are dominating the global car sunroof market.

RECENT HAPPENINGS IN THE GLOBAL CAR SUNROOF MARKET

  • 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.

DETAILED SEGMENTATION OF THE GLOBAL SUNROOF MARKET INCLUDED IN THIS REPORT

This research report on the global sunroof market is segmented and sub-segmented in to following categories.

By Product Type

  • Glass Sunroof
  • Fabric Sunroof

By Vehicle Type

  • Mid-Segment Vehicles
  • Premium & Luxury-Segment Vehicles

By Region

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

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Frequently Asked Questions

1. What is the Car Sunroof Market growth rate during the projection period?

The Global Car Sunroof Market is expected to grow with a CAGR of 9.92% between 2023-2028.

2. What can be the total Car Sunroof Market Value?

The Global Car Sunroof Market size is expected to reach a revised size of US$ 2.7 billion by 2028.

3. Name any three Car Sunroof Market key players?

Aisin Seiki Co., Ltd., Inalfa Roof Systems Group B.V., and Webasto Roof Systems, Inc., are the three Car Sunroof Market key players.

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