The Asia Pacific Automotive Sunroof Market would witness market growth of 9.3% CAGR during the forecast period (2023-2030).
An automotive sunroof is a window located on the upper portion of the vehicle, which facilitates the entry of light and fresh air into the interior. It enhances the level of comfort experienced by passengers by facilitating improved air circulation and delivering superior daytime luminosity and illumination. Depending on the type of automobile, sunroofs may be transparent or opaque panels that are actuated manually or electrically and come in various sizes, shapes, and designs. Currently, original equipment manufacturers (OEMs) are expanding their share by developing composite materials for lightweight sunroof solutions and other advanced technologies for sunroof manufacturing.
For instance, Tesla expanded its fixed glass roof concept by having an 'all-glass roof' in vehicles like the Model 3 and Model Y, enabling even greater visibility of the surrounding environment as the glass extends beyond the rear pillar. In addition, owing to the increasing adoption of medium-segment vehicles by indigenous OEMs, the volume growth of panoramic sunroofs has dominated emerging countries. The key aspects that drive the expansion of the market are innovation in glass technology and the rise in demand for safety, comfort, and convenience features. However, high integration & maintenance costs and low penetration of power sunroofs in low-segment vehicles hamper the market growth. Moreover, the growing penetration of solar sunroofs in electric vehicles and surging sales of vehicles are anticipated to create ample opportunities for the market's growth during the forecast period.
According to the Ministry of Commerce, in 2021, China's cross-border e-commerce imports and exports rose by 15% annually to 1.98 trillion yuan. The cross-border e-commerce trade reached 434.5 billion yuan in the first quarter 2022. In the competitive e-commerce landscape, companies may use vehicles with unique features like sunroofs to improve their brand idea and stand out from competitors. The visual appeal of vehicles equipped with sunroofs can contribute to a positive brand perception. Therefore, the factors mentioned above will propel the market growth in this region.
The China market dominated the Asia Pacific Automotive Sunroof Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,210.2 Million by 2030. The Japan market is experiencing a CAGR of 8.6% during (2023 - 2030). Additionally, The India market would exhibit a CAGR of 10% during (2023 - 2030).
Based on Material, the market is segmented into Glass and Fabric. Based on Vehicle Type, the market is segmented into Gasoline Powered Vehicle and Electric Powered Vehicle. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Global Automotive Sunroof Market is Predict to reach $13.2 Billion by 2030, at a CAGR of 8.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Magna International, Inc., Aisin Corporation (Toyota Motor Corporation), Inteva Products, LLC (The Renco Group Inc), Webasto Group, Inalfa Roof Systems Group B.V (BHAP family), CIE Automotive, S.A., MITSUBA Corporation, Valmet Oyj, BOS GMBH & CO. KG, and Johnan Manufacturing Inc.
By Material
By Vehicle Type
By Country
Unique Offerings Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
