Automotive Sunroof Market Size, Share & Trends Analysis Report Forecast 2024-2031.

Automotive sunroof market is anticipated to grow at a significant CAGR of 9.4% during the forecast period. One of the crucial factors that are fuelling the market is the growing technology and its demands. Technology has been growing exponentially over the years, and in the past few years, competitiveness in the market has fuelled it a lot to attract customers. Market players in the vehicle industries, which were once given only basic features, are offering sunroofs in most of the vehicles to stay in the competition. For instance, in September 2020, Tata launched its new variant of Nexon, Nexon XM, with the sunroof which became the most affordable SUV with a sunroof at the time of launch.

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Impact of COVID-19 Pandemic on Global Automotive Sunroof Market

The COVID-19 pandemic had impacted most industries owing to the contagiousness of the virus. This led most of the governments to implement the nationwide lockdown to spread the virus. This restricted most of the industries' productions including automotive sunroofs. For instance, as per the 2020 annual report of the Webasto SE, sales of the company reduced to $3,734.4 million which was $4,187 million in 2019. But as the situation became normal the company's sales grew exponentially. As per the company's report in May 2021, the first quarter of 2021 was the strongest in comparison to the previous five years' sales.

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by Type (Built-In, Tilt & Slide, and Panoramic),

by Material Type (Glass, and Fabric), and

by Vehicle Type (Hatchback, Sedan, and Sports Utility Vehicle (SUV))

Market Players Outlook

The major companies serving the global automotive sunroof market include AISIN CORP., Inalfa Roof Systems Group B.V., Inteva Products, LLC, Webasto SE, Yachiyo Industry Co., Ltd., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in June 2021, Webasto SE announced the supply of sliding panoramic sunroof for the Mercedes-Benz S-Class. The sunroof comes with two modules that allow the driver, and passengers to determine their desired settings individually, and independently from each other.

The Report Covers

Annualized market revenues ($ million) for each market segment.
Country-wise analysis of major geographical regions.
Key companies operating in the global automotive sunroof market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
Analysis of market-entry and market expansion strategies.
Competitive strategies by identifying 'who-stands-where' in the market.

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