Id: CBI_1109 | Pages: 349 | Format : PDF | Published : | Author : Pawan Chasta | Category : Automotive Services
Automotive Sunroof Market size is estimated to reach over USD 13,151.93 Million by 2030 from a value of USD 6,536.87 Million in 2022, growing at a CAGR of 9.4% from 2023 to 2030.
An automotive sunroof refers to a metal or glass panel that is integrated on the roof of a vehicle and pops up or slides open to enable light and air into the interior of vehicle cabin. As per the analysis, these sunroofs offer a remarkable view of the sky and enable users to enjoy the external view without any distractions. Moreover, they promote air circulation in the car cabin and ensure proper ventilation in the car, which in turn enhances passenger comfort and convenience. The aforementioned benefits of these sunroofs are key determinants for increasing their utilization in passenger cars, electric vehicles, and commercial vehicles among others.
Automotive sunroofs are primarily utilized in passenger cars to enable light and air into the interior of a car cabin from the rooftop. The benefits of these sunroofs including improved ventilation, aesthetic appeal, enhanced external visibility, and comfortable driving experience are key determinants for increasing its utilization in passenger cars.
Based on the analysis, factors including rising disposable income, increasing passenger car production, and growing need for thermal comfort in cars are among the major prospects driving the automotive sunroof market growth.
According to the OICA (International Organization of Motor Vehicle Manufacturers), the total production of passenger cars worldwide reached 61.59 million in 2022, witnessing an increase of nearly 8% in comparison to 57.05 million in 2021. Hence, the rising production of passenger cars is driving the adoption of these sunroofs for providing improved in-cabin ventilation, thereby proliferating the market expansion.
The integration of automotive sunroofs has been gaining significant popularity in recent years, particularly in modern electric vehicles. They offer several benefits including an enhanced sense of openness, improved ventilation, alternative emergency routes, and improved thermal comfort among others. The aforementioned benefits of these sunroofs are prime aspects for driving its adoption in electric vehicles.
Factors including the availability of a wide range of models, eco-friendliness, and the rising need for improved ventilation within automobile cabins are key factors driving the adoption of these sunroofs in electric vehicles.
Additionally, according to the International Energy Agency (IEA), the global adoption of electric cars witnessed strong growth in 2022. IEA further states that the global sales of electric vehicles reached up to 2 million units in the first quarter of 2022, witnessing an increase of 75% in comparison to the first quarter of 2021. Thus, the rising adoption of electric vehicles is further driving the deployment of these sunroofs, owing to the above benefits, in turn driving the expansion of the market.
The deployment of these sunroof is often associated with high cost, which is a prime factor restricting the trends of the market. The overall cost of these sunroofs is dependent on the cost of production, followed by the cost of raw materials including glass, aluminum, fabric, and others used in the manufacturing of these sunroofs.
For instance, Automotive Sunroof-Customcraft (ASC) Inc. offers the Signature series of in-built sunroof with an average cost of approximately USD 1,016.35, which is relatively high. Additionally, the cost of panoramic sunroofs ranges from USD 1,500 to USD 3,000, depending on the type and specification of the sunroof. Therefore, excessive costs associated with the implementation of these sunroofs are restraining the market trends.
The rising application of these sunroofs in commercial vehicles is expected to present potential automotive sunroof market opportunities and trends in the coming years. These sunroofs are often employed in commercial vehicles including buses, trucks, and others for promoting air circulation within the vehicle cabin and ensuring proper ventilation.
Factors including the growing pace of industrialization, increasing investments in commercial vehicles, and the rising need for cost-effective modes of transportation and logistics are key determinants driving the expansion of the commercial vehicles sector.
According to the International Organization of Motor Vehicle Manufacturers, the overall production of commercial vehicles across the world reached 23.42 million in 2022, depicting a rise of 7.5% as compared to 21.79 million in 2020. Therefore, the rising production of commercial vehicles is projected to increase the integration of these sunroofs, in turn promoting opportunities and trends for market expansion during the forecast period.
Report Attributes | Report Details |
Study Timeline | 2017-2030 |
Market Size in 2030 | USD 13,151.93 Million |
CAGR (2023-2030) | 9.4% |
By Type | In-Built Sunroof, Pop-up Sunroof, Folding Sunroof, Panoramic Sunroof, and Others |
By Vehicle Type | Passenger Cars, Commercial Vehicles, and Electric Vehicles |
By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Key Players | Webasto Group, CIE Automotive, Yachiyo Industry Co. Ltd, Inalfa Roof Systems Group B.V., Inteva Products, Johnan Manufacturing Inc., AISIN CORPORATION, Magna International Inc., Signature Automotive Products, and Wuhu Motiontec Automotive Technology Co. Ltd. |
Based on the type, the market is segmented into in-built sunroof, pop-up sunroof, folding sunroof, panoramic sunroof, and others. The in-built sunroof segment accounted for the largest revenue share in the year 2022. The in-built sunroof features a standard design and often slides between the car's metal roof and interior headliner. In-built sunroofs are usually integrated with a tilt feature, which enables the rear of the sunroof to be popped up for creating a small opening on the roof. Based on the analysis, the primary benefit of an in-built sunroof is its ability to open completely, providing an enhanced aesthetic from the inside and outside of the car. The above benefits of in-built sunroofs are increasing its utilization in passenger cars among others.
According to ACEA (European Automobile Manufacturers Association), the total production of passenger cars in the European Union reached up to 10.9 million in 2022, depicting a growth of 8.3% in comparison to 2021. Hence, the rise in passenger car production is among the key factors driving the demand of in-built sunroofs, in turn contributing to the trends of the market.
The panoramic sunroof segment is anticipated to register fastest CAGR expansion during the forecast period. Panoramic sunroofs are designed for maximizing the upward view through the automobile's roof. Moreover, as per the analysis, a panoramic sunroof is a multi-panel sunroof that is capable of covering a large area, in turn providing fresh air and light throughout the vehicle cabin, which makes it ideal for utilization in passenger cars and electric vehicles.
For instance, according to the International Energy Agency, the total registration of electric cars in the United States reached 630 thousand units in 2021, depicting a significant expansion as compared to 295 thousand units in 2020. Thus, the rising adoption of electric vehicles is fostering the demand for these sunroofs for providing ambient light and air into the vehicle cabin, thereby driving the market expansion during the forecast period.
Based on the vehicle type, the market is segregated into passenger cars and commercial vehicles. The passenger cars segment accounted for the largest revenue share of 48.5% in the year 2022. Based on the analysis, factors including rising disposable income, increasing passenger car production, and growing need for thermal comfort and safety features in cars are among the key prospects driving the expansion of the passenger car segment.
According to the China Association of Automobile Manufacturers, the overall production of passenger cars in China reached up to 14.8 million units in January-August 2022, witnessing a YoY growth of 14.7%. Therefore, the rising production of passenger cars is driving the utilization of these sunroofs, attributing to its aesthetic appeal and ability to offer improved light and ventilation within car cabins. The above factors are anticipated to boost market trends during the forecast period.
The electric vehicles segment is expected to witness fastest CAGR growth during the forecast period. The expansion of the electric vehicles segment is attributed to several factors including the advent of sustainable mobility, availability of a wide range of models, eco-friendliness, and the availability of tax rebates and subsidies on EVs. For instance, according to the International Energy Agency (IEA), the new registrations of battery electric vehicles (BEVs) in Europe reached 1,231 thousand units in 2021, depicting an increase of 65% as compared to 746 thousand units in 2020. Therefore, as per the analysis, the growing electric vehicle sector is driving the adoption of these sunroofs in modern Evs, in turn driving the automotive sunroof market trends.
The regional segment includes North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
North America accounted for the largest automotive sunroof market share of USD 2,274.83 Million in 2022 and is expected to reach USD 4,601.86 Million by 2030, registering a CAGR of 9.5% during the forecast period. In addition, in the region, the U.S. accounted for the maximum revenue share of 55.7% in the same year. Based on the automotive sunroof market analysis, the adoption of these sunroofs in North America is primarily driven by multiple factors including growing investments in the expansion of automobile manufacturing facilities and rising automotive production in the region. For instance, according to the International Organization of Motor Vehicle Manufacturers, the total automobile production in the North American region reached 14,798,146 units in 2022, depicting an increase of 10% from 13,467,065 units in 2021. The above factors are further propelling the expansion of the sunroof market in the North American region. Additionally, the increasing investments in the electric vehicle sector and rising adoption of electric vehicles in the region are anticipated to provide lucrative aspects for the market in North America during the forecast period.
Asia-Pacific is expected to register the fastest CAGR growth of 9.8% during the forecast period. The rapid pace of industrialization and development is creating lucrative opportunities for market expansion in the region. Moreover, factors including the growing pace of urbanization, increasing government investments in the automotive sector, and rising automobile production are stimulating the market expansion for these sunroofs in the Asia-Pacific region. Additionally, factors including the rising government initiative for adoption of electric vehicles and expansion of EV manufacturing units are among the key prospects driving the automotive sunroof market demand in the region.
For instance, according to the Society of Indian Automobile Manufacturers, the total passenger vehicle production in India reached 45,78,639 units from April 2022 to March 2023, depicting a substantial growth of 25.4% from 36,50,698 units in April 2021 to March 2022. Therefore, the rise in automobile production is driving the deployment of these sunroofs, thereby proliferating the market growth and demand in the Asia-Pacific region.
The global automotive sunroof market is highly competitive with major players providing sunroof to the national and international markets. Key players are adopting several strategies in research and development (R&D), product innovation, and application launches to hold a strong position in automotive sunroof industry. Key players in the market include-
An automotive sunroof refers to a metal or glass panel that is primarily integrated in the roof of a vehicle and pops up or slides open to enable light and air into the interior vehicle cabin.
By type segment has witnessed in-built sunroof as the dominating segment in the year 2022, owing to its increasing utilization in passenger cars, among others.
By vehicle type segment has witnessed electric vehicles as the fastest-growing segment during the forecast period due to the rising adoption of automotive sunroof in modern electric vehicles for providing ambient light and improved ventilation within EVs.
Asia-Pacific is anticipated to register fastest CAGR growth during the forecast period due to rapid pace of industrialization, increasing government investments in the automotive sector, expansion of EV manufacturing facilities, and rising automobile production.