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Automotive Sunroof Market Business Revenue, Future Scope, Market Trends, Key Players And Forecast To 2023

Automotive Sunroof Market Overview

The automotive sunroof market is anticipated to surpass a valuation of USD 12,447.0 million, attaining a CAGR of 8.96% during the forecast period (2018-2023), Market Research Future (MRFR) asserts in the latest report. An automotive sunroof is usually mounted on vehicles to prevent wind noise besides improving its appearance. An automotive sunroof is an adjustable glass panel, which can be operated automatically as well as manually, depending on the type of vehicle. This device can either be sliding or fixed, transparent or opaque, and can come with a visor block that helps to block the light from the passenger cabin.

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Market Potential and Pitfalls

The global automotive sunroof market is estimated to expand at breakneck speed due to the soaring demand for impact-resistant and lightweight sunroof, which is likely to propel the developments and innovations across the market. Manufacturers like Inteva Products, Webasto Group, and Inalfa Roof Systems Group B.V. are extensively investing in R&D, which is further encouraging the market growth. For instance, the Webasto Group has developed a sunroof glass with the help of polycarbonate to manufacture sunroof. Polycarbonate has made the glass more impact-resistant, toughened, and effective. Manufacturers are highly focusing on investments to enhance the technology of ambient lighting, switchable glazing, and solar panels in sunroofs. These investments are likely to encourage the demand for advanced sunroof equipped with the latest technology.

Attributes such as 3D formability and transparency can be obtained by integrating sensors and light sources in polycarbonate. The proliferation of conventional technology is high in developing regions as they are easily available and costs low. Manufacturing companies in automotive sunroof are highly investing in development activities to increase the strength and minimize weight in order to enhance conventional automotive sunroof. These developments are further estimated to encourage the market growth in the foreseeable future.

Industry Updates

March 2019: Polyscope Polymers has won the JEC Innovation Award 2019 for automotive sunroof thermoplastic composite guide rails. XIRAN SGH30EB glass filled thermoplastic composite was specified by the Groupe Renault and Webasto France for roller-blind guide rails on panoramic sunroof modules, which were installed long back in Grand Scenic and Renault Scenic MPV models. This is a notable innovation for the industry as thermoplastic composite material successfully replaced aluminum for sunroof design for the first time.

Competitive Dashboard

The key players dominating the global automotive sunroof market includes Inalfa Roof Systems Group B.V., Webasto Group, Yachiyo Industry Co. Ltd, Inteva Products, Johnan Manufacturing Inc., Magna International Inc., Aisin Seiki Co. Ltd, Wuhu Mosentek Automobile Technology Co., Ltd, Zhejiang Wanchao Electric Co., Ltd., and Wuxi Ming Fang AutoMobile Parts Industry Co., Ltd.

Segmental Analysis

The automotive sunroof market is segmented on the basis of type, sales channel, application.

By type, the automotive sunroof market is segmented into spoiler sunroof, inbuilt sunroof, pop-up sunroof, panoramic sunroof, and others. Of these, the inbuilt sunroof segment is predicted to dominate the market. Technological advancements in inbuilt sunroof like venting, press and hold operation, soft touch operations, and auto-retract system are likely to augment its popularity in the coming years.

By application, the automotive sunroof market is segmented into sedan, SUV, hatchback, and others. Of these, the SUV segment is predicted to dominate the market, mainly due to the rising inclination of automotive OEMs towards the sale of SUVs. Moreover, technological advancements made in sunroof is likely to propel the market growth in the SUV segment.

By the sales channel, the market is segmented into aftermarket and OEM. Of these, the OEM segment is predicted to dominate the market due to surging demand for new vehicles that are equipped with a sunroof.

Regional Frontiers

Geographically, the automotive sunroof market spans across Europe, North America, Asia Pacific, and the Rest of the World (RoW).

Considering the global scenario, Europe is anticipated to acquire the lion’s share with 33.40%. Germany was identified as the largest market and touched a valuation of USD 1,263 million in 2017. The growth can be credited to the soaring demand for high-end vehicles, coupled with the surging consumer preference towards comfort features. This has resulted in the surging adoption of sunroofs in passenger cars. The presence of industry bigshots in the U.K., Germany, and France is benefiting the market growth. Consistent growth in vehicle production is further estimated to boost the market growth in the coming years. Production and sales of SUVs and premium vehicles are further fueling the market in Germany. Germany resonates strong opportunities for growth due to the growing emphasis on the overall appearance of the vehicle by the consumers and mounting demand for comfortable driving.

The market in the Asia Pacific region is likely to expand at a rapid pace due to the soaring production and sales of passenger vehicles. Also, the surging preference for sunroof, especially among the younger generation is likely to trigger the demand from the market in the coming years.

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