Press release
Global Automotive Sunroof Market Comprehensive Study: Forecasted Market Size And Growth Rate
Automotive Sunroof Market
The Business Research Company offers in-depth market insights through Automotive Sunroof Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The automotive sunroof market size has grown rapidly in recent years. It will grow from $7.24 billion in 2023 to $8.01 billion in 2024 at a compound annual growth rate (CAGR) of 10.7%. The growth in the historic period can be attributed to consumer demand for enhanced driving experience, automotive design innovations, rise in disposable income, focus on aesthetics in vehicle manufacturing, increased demand for luxury and premium cars.
The automotive sunroof market size is expected to see rapid growth in the next few years. It will grow to $11.97 billion in 2028 at a compound annual growth rate (CAGR) of 10.6%. The growth in the forecast period can be attributed to increased adoption of vehicle electrification, incorporation of sophisticated electrical systems within the automotive sector, heightened emphasis on safety and performance enhancements, emphasis on sustainable and eco-friendly materials, growth in the luxury car segment. Major trends in the forecast period include advancements in glass technology that provide greater ultraviolet protection, technological advancements in sunroof mechanisms, integration of smart sensors for automatic control, development of self-tinting and glare-reducing sunroof glass, adoption of energy-efficient and noise-reducing technologies.
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Market Segmentation:
The automotive sunroof market covered in this report is segmented -
1) By Type: Inbuilt Sunroof, Spoiler Sunroof, Pop-up Sunroof, Panoramic Sunroof, Other Types
2) By Material Type: Glass, Fabric, Other Material Types
3) By Vehicle Type: Passenger Cars, Light Commercial Vehicles, Electric Vehicles
Major Driver - Rising Passenger Vehicle Sales Boost Automotive Sunroof Market Growth
Increased passenger vehicle sales are expected to propel the growth of the automotive sunroof market going forward. Passenger vehicles are motor vehicles that are used for the transport of passengers for commercial purposes. The sunroofs in passenger vehicles make the interiors of vehicles bright, provide effective ventilation, and enhance the driving experience. Thereby, sunroofs are installed in passenger vehicles to enhance the overall experience of passengers. For instance, according to the China Association of Automobile Manufacturers, the sales of passenger vehicles were approximately 21.48 million in 2021, up 6.5% from the previous year. Therefore, increasing passenger vehicle sales are driving the growth of the automotive sunroof market.
Competitive Landscape:
Major companies operating in the automotive sunroof market report are Webasto SE, CIE Automotive SA, Inteva Products LLC, Inalfa Roof Systems Group BV, Yachiyo Industry Co. Ltd., Johnan America Inc., Signature Automotive Products LLC, Magna International Inc., Mitsuba Corporation, AISIN Corporation, Wuxi Ming Fang Automobile Parts Industry Co. Ltd., Automotive Sunroof-Customcraft Inc., BOS GmbH & Co. KG, Asahi Glass Co Ltd., Valmet Automotive Inc., Corning Incorporated, Meritor Inc., Yuhuan Mingda Auto Parts Co. Ltd., Aguti Produktentwicklung & Design GmbH, Inoac Corporation, Preh GmbH, Wuhu Mosun Technology Co. Ltd., Guelph Manufacturing Group Inc., CTS Corporation, GAHH Automotive Group, Wilhelm Karmann GmbH, Nippon Sheet Glass Co. Ltd., Saint-Gobain Sekuri, C. Rob. Hammerstein Group, KRD Sicherheitstechnik GmbH
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Top Trend - Innovative Advancements In Automotive Sunroofs With The (Advanced Driver Assistance Systems) ADAS Roof Module
Major companies operating in the automotive sunroof market are focusing on innovating technology, such as the ADAS (Advanced Driver Assistance Systems) roof module, to provide reliable services to customers. The ADAS (Advanced Driver Assistance Systems) roof module is a technology that combines 14 cameras and lidar sensors and is integrated into a vehicle panoramic sunroof. For instance, in August 2023, Webasto Group, a Germany-based manufacturer in the automotive industry, launched the ADAS (Advanced Driver Assistance Systems) roof module. The ADAS (Advanced Driver Assistance Systems) roof module has five functions, such as obstacle detection, lane departure warning, automatic emergency braking, adaptive cruise control, and traffic sign recognition. It is designed to optimize safety, appearance, use of space, and ease of maintenance.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Automotive Sunroof Market Characteristics
3. Automotive Sunroof Market Trends And Strategies
4. Automotive Sunroof Market - Macro Economic Scenario
5. Automotive Sunroof Market Size And Growth
…..
27. Automotive Sunroof Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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