Automotive Sunroof Market to cross US$ 19 billion by 2032, Says Future Market Insights

During the projection period of 2022-2032, the global automotive sunroof market is estimated to expand at a value CAGR of 11%, reaching a valuation of more than US$ 19 Billion by 2032.

Increasing passenger car sales in conjunction with increased per capita income and consumer spending toward vehicle interiors and effective ventilation will drive the market. Also, the launch of new vehicle models with sunroofs as standard equipment will spur tremendous growth.
Pop-up, in-built, tile and slide, and top mount installed on the top of the vehicle roof are all examples of automotive solar sunroofs. Solar sunroofs are made of glass with photovoltaic solar cells embedded into them.

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Furthermore, as demand for electric vehicles grows in both developed and emerging countries, the solar sunroof system is becoming more popular in the EV market. Panasonic, for example, designed a 180-watt roof for the Toyota Prius Prime in Japan to provide enough energy to travel 3-6 kilometers each day.
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

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Vehicle Electrification Market: https://www.globenewswire.com/en/news-release/2022/07/15/2480413/0/en/Vehicle-Electrification-Market-Valued-at-US-72-Bn-will-Grow-at-10-3-CAGR-during-forecast-2022-2032-Future-Market-Insights-Inc.html

Automotive Wheel Rims Market: https://www.globenewswire.com/en/news-release/2022/08/29/2506006/0/en/Automotive-Wheel-Rims-Market-Expected-to-Grow-at-a-Healthy-6-20-CAGR-during-the-forecast-period-from-2022-to-2032-Future-Market-Insights-Inc.html

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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.

This release was published on openPR.