Car Sunroof Market Worldwide Industry Analysis, Future Demand and Forecast till 2030
Consumer demand is a key driver in the car sunroof market.
Consumer demand is a key driver in the car sunroof market, fuelled by the desire for enhanced comfort, luxury, and customization options in vehicles. Sunroofs provide an open-air experience, natural light, and fresh air, appealing to consumers.
They add style, elegance, and a premium look to cars, contributing to their attractiveness. Sunroofs also improve the driving experience, creating a spacious and airy cabin environment.
Car manufacturers offer various sunroof options to meet individual preferences, allowing customers to personalize their vehicles. As disposable income increases, consumers are more willing to invest in vehicles with added features like sunroofs, driving market demand.
car sunroof market is expected to grow at 9.28% CAGR from 2022 to 2029. It is expected to reach above USD 12.10 Billion by 2030 from USD 5.62 Billion in 2023.
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Covid-19 pandemic had negative effect on car sunroof market growth.
The COVID-19 pandemic had a negative impact on the car sunroof market. The automotive industry as a whole had experienced disruptions due to lockdowns, supply chain disruptions, and decreased consumer demand. With restrictions on movement and economic uncertainties, consumers had been more cautious about purchasing new vehicles or adding optional features like sunroofs.
Manufacturing and production facilities had faced temporary closures or reduced capacity, leading to delays in production and delivery of sunroof components. Furthermore, the overall economic slowdown had impacted consumer spending power, leading to a decline in vehicle sales and a decrease in the installation of sunroofs. These factors had resulted in a challenging business environment and a setback for the car sunroof market.
Maintenance and repair serve as restraints in the car sunroof market.
Maintenance and repair serve as restraints in the car sunroof market. Sunroofs can be more susceptible to mechanical failures, leaks, or damages compared to other vehicle components. Repairing or replacing sunroof parts can be costly, adding to the overall ownership expenses for consumers.
Regular maintenance is essential to prevent issues and ensure proper functioning, requiring additional time and effort. The complexity of sunroof systems may also make repairs more challenging, requiring specialized skills or equipment. These maintenance and repair considerations can be deterrents for some consumers, potentially impacting the overall demand for sunroofs in the market.
The growing demand for electric and hybrid vehicles presents a significant opportunity in the car sunroof market.
The growing demand for electric and hybrid vehicles presents a significant opportunity in the car sunroof market. As these eco-friendly vehicles gain popularity, integrating solar sunroofs or energy-efficient designs can contribute to their overall sustainability and energy management.
Sunroofs equipped with photovoltaic cells can harness solar energy to power auxiliary systems, reducing the reliance on the main battery.
By catering to the needs of electric and hybrid vehicle owners, sunroof manufacturers can tap into a rapidly expanding market segment and align their products with the increasing focus on environmental consciousness. This opportunity allows for innovation and differentiation in the sunroof market.
Competitive Landscape for the Car Sunroof Market
- BOS GmbH & Co. KG
- Aisin Seiki Co. Ltd.
- Webasto Roof Systems Inc.
- Inalfa Roof Systems Group B.V.
- Inteva Products LLC.
- Johnan America Inc.
- Yachiyo Industry Co. Ltd.
- CIE Automotive
- Automotive Sunroof Company Inc.
- Signature Automotive Products
- Magna International Inc.
New Developments in the Car Sunroof Market
Aug 28, 2023: Kia Sonet now offers sunroof under Rs 10 lakh: Variant details inside.
November 2022 Products developed by AISIN Corporation and AISIN Group companies adopted in the all-new Lexus RX.
July 2022 AISIN Declared Its Acquiration SBT Certification.
In the car sunroof market, Asia Pacific is predicted to hold the largest market share.
Asia-Pacific holds the largest market share in the car sunroof market. The region's dominance is driven by factors such as a strong automotive industry, a growing middle-class population with increasing disposable incomes, changing consumer preferences towards premium features, rapid urbanization, and increasing awareness and availability of sunroof options.
These factors have contributed to the higher adoption rate of sunroofs in Asia-Pacific, making it the largest market for car sunroofs.
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