The total revenue generated by automotive sunroof market was USD 6.43 billion in 2021, which will reach USD 14.19 billion by 2030, at a rate of 9.2% in the years to come.
Glass variants held a major share in the recent past, and they will continue to do so in the years to come as well. This has a lot to do with the tech improvements, which have allowed the production of many types of glassware, including laminated glass, tempered glass and glass providing protection against UV rays.
Unlike fabric sunroofs, frequently seen on convertibles, made of glass let users to regulate natural light better and enjoy natural ventilation, instead of depending on the air conditioning system of the car.
Premium and luxury cars held a significant share, because of the increasing purchasing power of the consumers in emerging and developed countries, for example the U.K., the U.S, Germany, France, Italy and Spain.
The early acceptance of sunroofs in developed countries has a lot to do with the luxury automobile OEMs’ emphasis on improving the entire travel experience and comfort
As per P&S Intelligence, SUVs are among the most-popular car classes due to their high variation in power output, range and amenities and higher adaptableness on rough terrain. In the near future, SUVs will be significantly accepted, mainly in India and China.
Sunroof glass manufacturers are combining many features with technical developments for making laminated glass, tempered glass, and green glass, which might protect against UV rays. These components also enhance the air circulation in vehicles, while those equipped with the glazing technology decrease noise and surge thermal comfort.
APAC dominated the automotive sunroof market in the past, and it will witness a growth at a rate of 10% in the future. This growth has a lot to do with the increasing requirement for premium vehicles, together with the increasing income of people in India and China.
Moreover, the rising investment by manufacturers of automobiles for optimizing their capacity of production is driving the growth of the industry.
Europe followed APAC in terms of revenue generation, and it will grow at a considerable rate in the future. This is majorly attributed to the increasing popularity of premium vehicles and inclination of OEMs to incorporate extra features for improving comfort and driving experience.
Moreover, Europe is a hub for luxury automakers, particularly Germany, which has indigenous brands, such as BMW, Volkswagen, Audi, and Daimler.
Due to the increase in automotive manufacturing and increase in income of the people, the demand for automotive sunroof will continue to increase in the near future globally.
Source: P&S Intelligence
