According to a new report published by Allied Market Research, titled, โAutomotive Sunroof Market,” The automotive sunroof market size was valued at $5.75ย billion in 2020, and is estimated to reach $13.6 Billion by 2030, growing at a CAGR of 9.3% from 2021 to 2030.
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An automotive sunroof is a movable or mobile panel on the roof of a vehicle (any type of car, for example โ sedan, SUV, and hatchback) that opens to uncover a window from the top, allowing fresh air to enter the passengerโs compartment in the car. It is also a way for people to enjoy the scenery and breathe in fresh air. Sunroofs are available in numerous shapes, sizes as well as styles and can be operated in dual ways, the whole roof & tilt function.
Covid-19 scenario:
- The Covid-19 pandemic resulted in closures of businesses, disruption of the supply chain, and factory outputs.
- The restrictions on cross-border import & export hampered the manufacturing of automotives and their sales.
- The nation-wide lockdown and isolation of people living in high-risk areas reduced the demand for automotive sunroofs.
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In addition, the global automotive sunroof market has witnessed significant growth in recent years, owing to increase in demand for safety, comfort, and aesthetic features. These vehicles provide a natural condition and enhance the vehicleโs aesthetics. For instance, in 2019, Kia introduced Seltos, with a sunroof to improve the passenger experience.
Moreover, the companies operating in the market have adopted collaboration, partnership, product launch, and acquisition to increase their market share and expand their geographical presence. For instance, in 2020, Webasto Group expanded its business with its new roof plant and battery center in Jiaxing (Zhejiang Province) close to Shanghai to strengthen the core business of roofs in China.
Major market players
- Magna International Inc.
- Aisin Seiki Co., Ltd.
- Inalfa Roof Systems Group
- Inteva Products
- Webasto Roof Systems Inc.
- Cie Automotive
- Johnan America Inc
- Yachiyo Industry Co.Ltd
- BOS GmbH & Co. KG
In 2021, Webasto Group launched the Roof Sensor Module to shape the future of autonomous driving with camera, radar, and lidar technologies to detect obstacles, road users, and hazards in all weather conditions. Thus, rise in advanced technologies to remove fog or frost from the windows enhances visibility in all weather conditions with better illumination, subsequently increasing the comfort level for passengers sitting inside. Hence, increased safety, comfort level, and convenient features in the upcoming models are expected to drive the automotive sunroof market globally.
KEY FINDINGS OF THE STUDY
- By material type, the fabric segment is expected to register a significant growth during the forecast period.
- Depending on vehicle type, the electric powered vehicle segment is anticipated to exhibit significant growth in the near future.
- Region wise, Asia-Pacific is anticipated to register the highest CAGR.
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