During the projection period of 2022 to 2032, the global automotive sunroof market size is estimated to expand at a value CAGR of 11%, reaching a valuation of more than US$ 19 Billion by 2032.
Automotive sunroofs have become increasingly popular in recent years, with more and more consumers seeking out vehicles that offer this feature. Sunroofs allow for increased natural light, fresh air, and a greater feeling of spaciousness inside the vehicle.
This growth is being driven by several factors, including increasing consumer demand for comfort and luxury features in vehicles, as well as the rising popularity of electric and hybrid vehicles. Additionally, advancements in technology have made sunroofs more affordable and efficient, leading to increased adoption rates.
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In terms of the type of sunroofs, the report suggests that panoramic sunroofs will continue to be the most popular type, due to their large size and ability to provide a more expansive view of the sky. However, electric sunroofs are also expected to see significant growth, as they offer the convenience of opening and closing at the touch of a button.
Overall, the future looks bright for the automotive sunroof market, with increasing demand and technological advancements driving growth.
Key Takeaways from Market Study
- At a CAGR of 11.4%, the fastest-growing segment is the panoramic sunroof under sunroof type segment from 2022 to 2032.
- Glass sunroofs are estimated to account for the highest share of more than 97% under the material segment in terms of value in 2022.
- The electric-powered sunroof will dominate the market creating an incremental opportunity of nearly US$ 12 Bn by 2032.
- By vehicle type, the passenger cars segment is projected to be the segment leader with a market share of more than 80% in 2022.
- By sales channel, OEM is set to account for more than 95% of the global market
- By 2032, East Asia is estimated to have the largest share of the global market, accounting for more than 48%.
“Growing need for safety, comfort, and aesthetic elements has resulted in a several technological developments in automobiles. This has improved the installation of sunroofs that allow for greater air circulation.” says a Future Market Insights analyst.
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Market Landscape
Automakers and suppliers are working together to improve the safety features of various automotive systems. For example, Hyundai Mobis launched the world’s first panorama sunroof airbag system, which can prevent passengers from being propelled out of the vehicle through the roof in the event of an accident or rollover.
Rain sensors have also been integrated into these systems by automakers. As a result, when it starts raining, auto sunroofs can be closed automatically. Over the forecast period, such advancements are expected to boost the market growth.
Some of the key automotive sunroof manufacturers included in the report are:
- Webasto Group
- Aisin Corporation
- Inalfa Roof Systems
- Yachiyo Industry
- Inteva Products
- Yutian Gaunjia (Mobitech)
- Magna International
- CIE Automotive
- BOS GMBH & CO. KG
- Signature Automotive Products
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Key Segments Covered in Automotive Sunroof Industry Analysis
Sunroof Type:
- In-Built
- Panoramic
- Folding
- Pop-Up
- Others
Operation Type:
- Electric
- Manual
Material Type:
- Glass
- Fabric
Vehicle Type:
- Passenger Car
- Compact Car
- Mid-Sized Car
- Luxury Car
- SUVs
- Light Commercial Vehicle
Sales Channel:
- OEM
- Aftermarket
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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Report: https://www.futuremarketinsights.com/reports/automotive-sunroof-market
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