Automotive Sunroof Market Rise at 3.2% CAGR to 2027

The automotive sunroof market was valued at US$ 5,104.70 million in 2019 and is projected to reach US$ 6,120.00million by 2027; it is expected to grow at a CAGR of 3.2% from 2019 to 2027.

The automotive manufacturers have introduced several features that augment vehicle visual aesthetics, ventilation, efficiencies, and among other performance indicators. Among these, the automotive sunroof can be described as specially designed movable panels installed in the vehicle roof that enables improved ventilation, lighting, and freshness appeasing for the passengers. The sunroof products quickly gained prominence and resulted in broader adoption by several automotive manufactures globally.Factors such as an increase in demand for improved visual aesthetics and enhanced traveling experience coupled with the rise in disposable income of the individuals have a profound positive influence over the automotive sunroof market growth in recent years. Furthermore, the growing middle-class income group, especially in several fast-growing economies, also has impacted the automotive sunroof market growth and provide various profitable business opportunities for the market players globally. At present, the companies operating in the automotive sunroof market offer product such as slide-in, slide-out, panoramic, and pop-up sunroofs. Moreover, the integration of electric actuation through motors and improved glass materials has significantly upgraded the quality of sunroof system options for the OEMs and after-sales markets.

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Companies Profiled in this report includes:  ACS France SAS, AISIN SEIKI Co.Ltd., Automotive Sunroof-Customcraft (ASC) Inc., Corning Incorporated, Inalfa Roof Systems Group B.V., Johnan Manufacturing Inc., Saint-Gobain Sekurit, Sunny Enterprises, Webasto Group, Yachiyo Industry Co. Ltd

APACaccounts for the largest share of the global automotive sunroof market.APAC has the presence of a few of the major automotive manufacturers, such as Hyundai-Kia, Suzuki, Mitsubishi, Tata Motors Limited, Lexus, and Toyota. Also, a large number of automotive sunroof makers and suppliers, such as Dongfeng Renault, GAC Toyota, Maruti Suzuki, Mahindra & Mahindra, and Audi, are present in the region. Also, the governments of various APAC countries are taking initiatives for the development of the automotive sector the respective countries; for instance, under Union Budget 2019-2020, the government of India announced its plans to set up R&D centers at an expenditure of US$ 388.5 million to enable the automotive sector to meet the global standards. Such government initiatives in different countries are likely to generate huge demand for automotive sunroofs in the region.

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Impact of COVID-19 Pandemic on Automotive Sunroof Market

The US is the worst-hit country in North America, with around 1432,265 active cases of infected individuals facing severe health conditions across the country. The continuous growth of infected individuals has led the government to impose lockdown across the nation's borders. The majority of the manufacturing plants are shut down, municipalities are functioning slowly compared to the past, and the automotive and semiconductor industries are at a halt, which is negatively impacting the automotive sunroof market. In terms of patient count and death toll, Canada and Mexico are still at a nascent stage in comparison to the US. However, the manufacturing plants, automotive industry, and several other businesses are functioning slowly, which is negatively affecting the automotive sunroof market.

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