The global automotive sunroof market was valued at $6,384.4 million in 2017 and is projected to reach $13,553.9 million by 2025, registering a CAGR of 9.7% from 2018 to 2025.
In 2017, the glass segment dominated the global automotive sunroof market in terms of revenue, in the material type category. However, the fabric segment is expected to grow at the highest CAGR during the forecast period (2018‐2025).
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Based on vehicle type, the gasoline-powered vehicle segment is anticipated to dominate the market throughout the forecast period (2018‐“2025). The automotive sunroof market signifies a promising future for the technological industry.
The current business scenario has witnessed an increase in the adoption of this technology, particularly in the developing regions. The companies have been adopting innovative techniques to provide customers with advanced and innovated product offerings.
High integration & maintenance cost, low penetration of sunroof in low segment vehicles, and incidents of shattering & crushing of sunroofs are some of the major restraining factors of this market.
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Increasing penetration of solar sunroofs in electric vehicles across the globe and surging sales of automotive vehicles ensure emerging growth opportunities for this market worldwide. These features offer lucrative opportunities for the automotive sunroof market.
Rise in Demand for Safety, Comfort, and Convenience Features-
The growth in demand for safety, comfort, and aesthetic features has led to several technological advancements in vehicles, such as an installation of sunroofs that allow better air circulation; for example, AGC Automotive developed glazing technologies, which highly reduce noise and increase thermal comfort in summer for a more pleasant journey. Moreover, technology is developed to remove fog or frost from the windows to enhance visibility in all weather conditions with better illumination, which subsequently increases comfort level of passengers.
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