Automotive Sunroof Market Growth Accelerated by Increasing Demand for Luxury Vehicles

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Automotive sunroofs allow natural light and ventilation into the vehicle interior while also providing panoramic views. They enhance the driver and passenger experience and are an important amenity in premium and luxury vehicles. The growing demand for comfortable and convenient driving experiences has led automakers to offer sunroofs as a standard or optional feature across various vehicle segments.

 

The global Automotive Sunroof Market is estimated to be valued at US$ 13048.63 Bn  in 2023 and is expected to exhibit a CAGR of 8.4% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
The increasing demand for luxury vehicles has been a key driver accelerating growth of the automotive sunroof market. Consumers willing to pay extra for enhanced comfort and aesthetics have boosted sales of luxury cars integrated with modern features like sunroofs. Additionally, affordable sunroof installation costs combined with easier operability options like one-touch/auto open-close functions have encouraged their adoption across mid-size to luxury vehicle classes. Major automakers have recognized the demand shift and expanded sunroof availability on their mass-marketnameplates as well. This has resulted in aftermarket fitting of custom or factory-made sunroofs on non-sunroof cars. Widespread integration of panoramic sunroofs is an emerging trend bringing the feeling of an open-air cabin into small SUVs and crossovers.

Segment Analysis
The global automotive sunroof market is dominated by the glass sunroof sub-segment. Over the years, the demand for glass sunroof has increased remarkably owing to its enhanced aesthetic look and better ventilation. Glass sunroofs provide a premium feel to vehicles and allow natural light inside, which is the primary factor for its high demand.

Key Takeaways
Global Automotive Sunroof Market Size is expected to witness high growth over the forecast period. The rising demand for luxury and comfort features in vehicles along with increasing disposable income is driving the growth of the automotive sunroof market globally.

Regional analysis: The Asia Pacific region currently dominates the global automotive sunroof market and is expected to witness the fastest growth during the forecast period. The large vehicle production bases and high sales volume in countries like China and India provide a large customer base. Moreover, the growing middle-class population and rising disposable incomes allow customers to spend more on enhanced vehicle features.

Key players operating in the automotive sunroof market include Aisin Seiki, Inalfa Roof Systems, Webasto, Inteva, Yachiyo, CIE Automotive, Aung Thwin, etc. Aisin Seiki is one of the prominent players in sunroof systems with a wide product portfolio and global footprint. Webasto is another leading player specializing in panoramic and multi-piece sunroofs.

 

Get More Insights On This Topic: https://www.newsstatix.com/automotive-sunroof-market-driven-by-rising-demand-for-luxury-features-in-vehicles/

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