The global Automotive Sunroof Market is estimated to be valued at US$ 11326.93 Mn in 2023 and is expected to exhibit a CAGR of 10% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
An automotive sunroof allows exposure to natural light and fresh air from inside an automobile. It enhances the overall driving experience and interior ambiance.
Market key trends:
Powered sunroofs have grab handles for open/close operation and include features like pinch protection sensors for safety. Manufacturers are focusing on integrating advanced functions beyond power operation into sunroofs, through innovations in materials, memory functions, and controls. For instance, new sunroofs can be opened partially as a sunshade or fully opened with just a single switch or button. This has simplified the operation and driving experience.
Segment Analysis
The Global Automotive Sunroof Market Size is segmented by material type, vehicle type, and geography. Based on material type, the glass sunroof segment dominated the market in 2022 and is expected to continue its dominance over the forecast period owing to its increasing adoption in luxury and mid-sized passenger vehicles. Glass sunroofs provide better sunlight transmission and are preferred for their aesthetic appeal.
Key Takeaways
The global automotive sunroof market is expected to witness high growth, exhibiting a CAGR of 10% over the forecast period, due to increasing consumer demand for open-air driving experiences and rising SUV and mid-sized vehicle sales worldwide.
Regional analysis
Europe dominated the automotive sunroof market in 2022 and is expected to continue its dominance during the forecast period. This is attributed to the presence of major automotive manufacturers and rising demand for luxury vehicles with sunroofs in countries like Germany, Italy, and the UK. Asia Pacific is expected to witness the fastest growth over the forecast period due to growing vehicle production and sales in major countries like China and India.
Key players
Key players operating in the automotive sunroof market are Magna International Inc., Webasto Roof Systems Inc., Mitsuba Corporation, Inteva Products, Johnan America Inc., Aisin Seiki Co. Ltd., ACS France SaS, Yachiyo Industry Co. Ltd., and Inafla Roof Systems. Magna International emerged as the market leader in 2022 owing to its strong product portfolio and widespread geographical presence across North America, Europe, Asia Pacific and other regions.
Read More: https://www.rapidwebwire.com/automotive-sunroof-market-size-share-analysis-2023-2030/
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