Global Automotive Sunroof Market Size to exceed $40 Bn by 2025
Published Date: April 22, 2019 Authors: Kiran Pulidindi, Hemant Pandey
Automotive Sunroof Market size is estimated to surpass USD 40 billion by 2025; according to a new research report by Global Market Insights, Inc.
Proliferating vehicle sales along with rising preference of customers to opt for vehicles with improved aesthetics, premium driving experience, and superior features are expanding the automotive sunroof market size over the forecast timeframe. Rising preference of automobile manufacturers to incorporate high end aspirational features across their product line-up further accentuates the industry share.
Industry participants are continuously investing in R&D for developing advanced technologies to expand their market share. Additionally, industry players are also engaged in filing patents for their customized roof solutions, thereby positively influencing the industry size. For instance, in 2019, Toyota applied for a sunroof patent, that showcases virtual surroundings and videos, thereby offering improved in-car experience for drivers and passengers.
Integration of advanced electronic modules for automatic operation during diversified climatic conditions are providing a positive outlook for the automotive sunroof market expansion. Additionally, industry players are working on innovative solutions for incorporating advanced hardware to felicitate improved operation automatically during rainfall. The incorporation of sensors and components along with advancements in glass technologies including scratch resistance and durability will further accentuates the market size over the projected timeframe.
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Automated technologies along with advancements in smart key technologies are positively influencing the automotive sunroof market growth over the study timeframe. For instance, Viper offers a SmartStart GPS Module, based on CDMA technology, that automatically operates the windows and sunroof, when the vehicle owner approaches the vehicle. Additionally, the availability of improved ceramic coating technologies for strengthening the sunroof glass to prevent from shattering, are further boosting the revenue generation.
Increasing demand for electric and hybrid cars owing to stringent government policies are enabling industry players to integrate advanced technologies in their sunroofs. For instance, in 2018, Hyundai and Kia announced the active development of solar sunroof technologies for their vehicles. These can offer additional charge to the batteries for improving vehicle efficiency, thereby escalating the market share over the study timeframe.
Browse key industry insights spread across 250 pages with 562 market data tables & 12 figures & charts from the report, “Automotive Sunroof Market, By Material, (Glass, Fabric), By Product (Panoramic, Built-in, Top Mount/Spoiler, Pop-up, Folding), By Operation (Manually Operated, Automatic), By Distribution Channel (OEM, Aftermarket) Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:
Glass accounted for a significant revenue share in 2018. This dominance can be attributed to the increasing preference of consumers to opt for vehicles fitted with premium glass-based sunroofs. The improved ventilation along with reduced claustrophobia tendencies are further supporting the segment share over the study timeframe. Increasing focus of manufacturers for offering UV protection along with laminated and tinted glass are further accelerating the automotive sunroof market share over the forecast timeframe.
Panoramic will grow significantly from 2019 to 2025. This growth is attributed to the improved aesthetics offered by these sunroofs compared to its counterparts. Moreover, the standard fitment of these roofs in premium & luxury vehicles along with the availability of customized solutions based on consumer requirements are providing a positive outlook for the automotive sunroof market expansion over the study timeframe. For instance, Daimler offers an innovative Magic Sky Control technology in their vehicles, that tints the panoramic roof based on the user’s requirements.
Manual will showcase a considerable growth in the automotive sunroof market. This share can be attributed to the availability of these roofs at lower costs compared to the counterparts. Moreover, the absence of any complex motors or electronic mechanisms reduces the system weight considerably and contributes towards lowering the overall maintenance costs.
Aftermarket will showcase a considerable growth rate over the study timeframe. This growth can be credited to the increasing cases of repairs and replacements owing to car accidents. Moreover, the requirement for periodic maintenance along with replacement of old motors for appropriate functioning are further supporting the automotive sunroof market growth over the projected timeframe.
Europe will grow considerably owing to the presence of multiple automotive manufacturers across the region. Automotive manufacturers including Volkswagen Group, BMW, and Daimler among others are introducing advanced products with incorporated solar cells across their vehicles to increase the aspirational value. Moreover, development of advanced safety technologies including sunroof airbags are further strengthening the market share over the study timeframe.
Few players operating in the automotive sunroof market include Webasto, Inteva, Inalfa Roof System, and Valmet Automotive. Industry players are focusing on expanding their production capabilities for catering to the increasing demand. For instance, in 2017, Webasto inaugurated its Baoding plant in China. This strategy enabled the company to increase its production output and cater to the increasing demand for panoramic sunroofs in China.
Automotive sunroof market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in thousand units and revenue in USD million from 2013 to 2025, for the following segments:
Automotive Sunroof Market, By Material
Automotive Sunroof Market, By Product
- Panoramic Sunroof
- Built-in sunroof
- Top Mount/Spoiler sunroof
- Pop-up sunroof
- Folding sunroofs
Automotive Sunroof Market, By Operation
- Manually operated
Automotive Sunroof Market, By Distribution Channel
The above information is provided on a regional and country basis for the following:
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa