Automotive Sunroof Market size is set to grow by USD 11.37 billion from 2024-2028, Growing popularity of SUVs boost the market, Technavio

NEW YORK, June 6, 2024 /PRNewswire/ -- The global automotive sunroof market size is estimated to grow by USD 11.37 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over11.29%  during the forecast period. The automotive sunroof market is experiencing growth due to the adoption of lightweight polycarbonate materials. Toyota Motors' use of polycarbonate rear quarter windows in its 86 GRMN sports car has set a trend. Polycarbonate, a plastic with the chemical carbonate group, is 50% lighter than glass in sunroofs. This weight reduction is crucial for automotive original equipment manufacturers (OEMs) seeking to meet fuel economy regulations. Notable sunroof vendors, such as Webasto, are developing polycarbonate sunroofs and components, contributing to market expansion. 

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Market Driver

The Automotive Sunroof Market is experiencing significant growth, with various manufacturers introducing new models. Sunroofs provide vehicle occupants with additional natural light and ventilation. Recent trends include electric sunroofs, which offer smooth and quiet operation. Sunroofs are also being integrated with other vehicle features, such as climate control and audio systems.

Additionally, sunroofs are being offered in different sizes and designs to cater to various customer preferences. The use of advanced materials, like glass with improved insulation properties, is also gaining popularity to enhance comfort and energy efficiency. Overall, the Automotive Sunroof Market is expected to continue its growth trajectory in the coming years. 

Market Challenges

•         The automotive sunroof market growth is hindered by the high costs of sunroofs, particularly panoramic sunroofs. These advanced sunroofs, which include smart glass technology, cost over USD 2,500.

•         The electronic components in sunroofs, such as circuits, motors, and wires, add functionality and comfort but also increase costs. As a result, automotive OEMs primarily offer panoramic sunroofs in luxury vehicles and conventional sunroofs in mass-segment vehicles due to price sensitivity in emerging markets.

•         The Automotive Sunroof Market faces several challenges. Consumers desire larger sunroofs and panoramic views, requiring advanced manufacturing techniques and materials for structural integrity. Costs for these innovations can be high, impacting profitability. Upgraze and customization trends add complexity, requiring efficient supply chains and logistics. Regulations, such as safety and environmental standards, necessitate continuous research and development.

•         Additionally, the market is competitive, with various players offering similar products. Spending on R&D and marketing is essential to stay ahead. The market also experiences seasonal demand, requiring effective inventory management. Overall, the Automotive Sunroof Market requires strategic planning and adaptability to meet consumer demands and industry challenges.

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Segment Overview 

1. Application 
• 1.1 Luxury passenger vehicles
• 1.2 Mid-size passenger vehicles
• 1.3 Entry-level passenger vehicles
2. Material 
• 2.1 Glass
• 2.2 Fabric
3. Geography 
• 3.1 APAC
• 3.2 Europe
• 3.3 North America
• 3.4 Middle East and Africa
• 3.5 South America

1.1 Luxury passenger vehicles-  The automotive sunroof market is experiencing steady growth due to increasing consumer preference for open-top vehicles. Car manufacturers are responding by integrating sunroofs into various models, expanding the market's reach. Sunroofs enhance the driving experience by allowing natural light and fresh air, making them a desirable feature for consumers. Additionally, advancements in technology have led to the development of panoramic sunroofs and electric sunroofs, further increasing demand. Overall, the automotive sunroof market is poised for continued expansion.

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Research Analysis

The Automotive Sunroof Market encompasses various types of sunroofs for passenger vehicles and SUVs, including Original Equipment (OE) Spoiler-type, Inbuilt Panoramic, Pop-up, and Ventilation sunroofs. Premium vehicles often feature advanced sunroof designs, such as Spoiler sunroofs and Panoramic sunroofs, which offer enhanced ventilation and vehicle interiors upgrades, contributing to an elevated driving experience.

Aftermarket sunroofs are also popular, with brands like Glaverbel and Magna Steyr offering solutions for hatchbacks and passenger vehicles. Sunroof materials have seen significant material advancements, leading to weight reduction and improved durability. Consumer spending on sunroofs continues to grow, driven by the desire for design upgrades and the pursuit of a more enjoyable driving experience.

The Automotive Sunroof Market encompasses the production, sales, and installation of sunroofs in various vehicle models. These transparent roof panels allow natural light to enter the cabin and provide an open-air driving experience.

The market is driven by factors such as increasing consumer preference for comfort and luxury features, rising demand for electric and hybrid vehicles, and technological advancements in sunroof designs. Sunroofs come in different types, including fixed, sliding, and panoramic, catering to diverse customer needs. The market is expected to grow significantly due to these trends and the continuous evolution of the automotive industry.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

• Application
• Luxury Passenger Vehicles
• Mid-size Passenger Vehicles
• Entry-level Passenger Vehicles
• Material
• Glass
• Fabric
• Geography
• APAC
• Europe
• North America
• Middle East And Africa
• South America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio

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