The automotive sunroof allows natural light and ventilation inside a vehicle while providing occupants with a panoramic view of the outside. It not only enhances the interior ambience but also adds to the overall personality of the vehicle. The growing demand for enhanced user experience and rising disposable income have prompted automakers to offer sunroofs as a standard fitment across various vehicle segments.
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 8.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The rising adoption of luxury and premium vehicles owing to increased consumer spending has been a key factor driving the demand for advanced automotive features like panoramic sunroofs. Luxury automakers are offering larger sunroof panels covering most of the roof area for enhanced visibility and illumination. Additionally, mid-range vehicle models are also incorporating basic sunroof designs to provide a premium feel at affordable price points. This has significantly contributed to the increasing uptake of automotive sunroofs across different vehicle segments globally.
Segment Analysis
The global automotive sunroof market is segmented into glass sunroof and fabric sunroof. The glass sunroof segment currently dominates the market and accounts for over 70% market share. Glass sunroofs provide better aesthetics due to transparency and allow natural light inside the vehicle. They also offer premium feel to vehicles. Glass being a sturdier material makes sunroofs safer compared to fabric during accidents.
Key Takeaways
The Global Automotive Sunroof Market Size is expected to witness high growth driven by rising vehicle production, increasing consumer preference for utility and comfort features in vehicles, and growing demand for luxury vehicles.
Regional analysis: Europe accounts for the largest share currently in the automotive sunroof market owing to high penetration of luxury vehicles majorly in Germany. Asia Pacific region is expected to witness fastest growth during the forecast period due to expanding middle class population, rising disposable incomes, and increasing vehicle sales in China and India.
Key players: Key players operating in the automotive sunroof market are Acome, Aricent Inc, Agilent Technologies, AISIN AW Co Ltd, Analog Devices, Broadcom, Bosch, Daimler AG, Freescale, Harman, NXP, Renault SA, Renesas, Visteon, Wurth Elektronik, Yazaki Corporation. Major players are focusing on new product development and launches to consolidate their market shares.
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