Automotive Sunroof Market Report

Automotive Sunroof Market Analysis, Market Size, Application Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2016 To 2024

Format: PDF  |  Report ID: 216

The global automotive sunroof market was valued at around USD 5 billion in 2015 and is expected to grow at a CAGR of approximately 9% from 2016 to 2024. The market is projected to be valued at around USD 12 billion in 2024.

The growing demand for high-end luxury vehicles on account of increased disposable income is expected to impact the needs of the global automotive sunroof market positively. The increasing preference for vehicles with an inbuilt sunroof rose to 35% in 2015, which propelled various manufacturers to construct sunroofs as a standard or an optional entity in their vehicle.

The growing demand for automotive sunroofs from vehicle-owning households is anticipated to drive further the global market demand. The increasing use of sunroofs in advertising of concept cars with luxurious interiors is expected to boost the market growth during the forecast period. Increasing sunroof automotive demand as an after-sale customization has led to a spike in popularity, mainly among the young population across the world.

Significant developments in component materials combined with increasing number of factory installed sunroofs are estimated to positively impact the market demand from 2016 to 2020. In addition, the growing automotive ancillary industry is also anticipated to fuel growth in the automotive sunroof market.

Few factors expected to hinder the growth of automotive sunroof market are the high cost of regular maintenance, improper installations, poor calibration, and electrical failures.

The global automotive sunroof market is segmented on the basis of product type, into, glass and fabric sunroofs. The glass section is sub-segmented into top-mount, built-in, tilt & slide, pop-up, panoramic, and solar sunroofs. Fabric sunroofs are segmented into foldable and removable sunroofs.

The glass sunroof market was the leading product segment and constituted over 70% of the overall sunroof market share, in 2015. It is projected to account for over 80% of the global automotive sunroof demand, by 2024, owing to technological advancements in the electric vehicle segment, innovations in the solar sunroof segment, and increasing demand for panoramic sunroofs.

Tilt & slide accounted for the highest demand in the glass sunroof segment, in 2015. The Built-in automotive sunroof segment accounted for the second largest market, as it is a modern built-in factory installed variant. Tilt & slide and built-in type accounted for more than 55% of the glass sunroofs market demand, in 2015. The integrated models, also known as moon roofs are expected to grow at a high CAGR of over 7% from 2016 to 2024.

Panoramic sunroof is the fastest growing segment, which is projected to dominate the market by the end of 2020 on account of accelerating consumer preference for vehicles fitted with a larger sunroof. According to a survey conducted by Harris Interactive in 2012, 40% car buyers said that their next vehicle purchase would probably be equipped with a panoramic sunroof.

Europe dominated the sunroof market in 2015 on account of growing sales in the high-end luxury cars segment. Europe is expected to continue this trend over the forecast period owing to increasing sales of high-end luxury vehicles in Germany and the UK.

North America is estimated to be the second-largest market followed by Asia Pacific. The sunroof fabric market in North America and Europe is characterized by high demand for foldable models such as rag-tops.

Asia Pacific region is expected to show considerable growth on account of changing consumer preferences and growing demand for sunroofs (inbuilt and panoramic sunroofs) in China. Moreover, the spike in popularity among youth for after sales customization and increased automotive manufacturing hub are expected to drive the market in the coming years.

Increasing consumer preference for use of alternative fuel vehicles persuaded automotive manufacturers to develop sunroofs with built-in solar cells that power the vehicles. Challenges associated with designing and manufacturing glass sunroofs can hamper the structural integrity of the vehicle due to change in the center of gravity on account of increased weight on the rooftop. The companies operating in this market need to follow stringent safety standards with regards to roof crush as it forms an integral part of the sunroof installation.

Webasto SE accounted for more than 50% of the automotive sunroof market share, in 2015. The company invests heavily in R&D and innovation activities to come up with new product developments. Webasto SE has come up with a lamination mechanism, which ensures fragility of glass and keeps it together in the event of breakage. A film of polyethylene terephthalate is applied on the inner surface of toughened glass which protects the sunroof and prevents it from breaking completely.

The manufacturers of automotive sunroofs should meet all the worldwide safety regulations and standards related to flammability, side curtain airbags, and head impact. The companies that are operational in this market are expected to adjust to changing material trends to ensure sustainability in the market.

The major market players in the automotive sunroof market are Webasto Roof Systems Inc., Inalfa Roof Systems Group, and Inteva Products. Other prominent vendors in this market are ACS France SAS, Automotive Sunroof Company, Mitsuba Corporation, Sunroof Systems, Yachiyo Industry Company Ltd., Evana Automation, Kuber Automotive, and Erickson Auto Trim LLC among others.

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