Global Automotive Sunroof Market to Reach $11.44 Billion by 2027, Fueled by Increased Passenger Vehicle Sales

LONDON, GREATER LONDON, UK, November 20, 2023 /EINPresswire.com/ -- The global automotive sunroof market, categorized by type, material type, and vehicle type, is poised for substantial growth. Starting at $6.55 billion in 2022, the market is projected to expand to $7.43 billion in 2023, showcasing a noteworthy Compound Annual Growth Rate (CAGR) of 13.5%. Despite the obstacles presented by the Russia-Ukraine conflict and the persistent effects of the COVID-19 pandemic, the market is anticipated to achieve $11.44 billion by 2027, signifying a steady CAGR of 11.4%.

Growing Passenger Vehicle Sales Driving Market Growth

The increasing sales of passenger vehicles are a primary factor contributing to the expansion of the automotive sunroof market. Sunroofs, integrated into passenger vehicles, serve to brighten the interiors, provide effective ventilation, and enhance the overall driving experience. As evidenced by data from the China Association of Automobile Manufacturers, passenger vehicle sales reached approximately 21.48 million in 2021, reflecting a 6.5% increase from the preceding year. This surge in passenger vehicle sales is a significant driver behind the flourishing automotive sunroof market.

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Key Players Focusing on Product Innovations

Leading entities in the automotive sunroof market, including Webasto Group, CIE Automotive, Inteva Products, Inalfa Roof Systems Group B.V., Yachiyo Industry Co. Ltd., Johnan America Inc., Signature Automotive Products, Magna International Inc., Mitsuba Corporation, Aisin Corporation, and Wuxi Ming Fang Automobile Parts Industry Co. Ltd., are directing their efforts toward developing innovative automotive sunroofs to solidify their market position. Notably, in September 2020, Webasto, a prominent Germany-based manufacturer of sunroofs, electric-car chargers, and air-conditioning systems, launched a cutting-edge convertible roof system. This new system boasts integrated anti-pinch protection and utilizes a grapheme covering that acts as a super sensor.

Market Segmentation:

• Type: Inbuilt Sunroof, Spoiler Sunroof, Pop-up Sunroof, Panoramic Sunroof, Other Types
• Material Type: Glass, Fabric, Other Material Types
• Vehicle Type: Passenger Cars, Light Commercial Vehicles, Electric Vehicles

Geographical Insights and Market Outlook

Asia-Pacific emerged as the largest region in the automotive sunroof market in 2022 and is expected to maintain its position as the fastest-growing region during the forecast period. The comprehensive market report offers detailed insights into regional dynamics, market trends, and growth opportunities across various regions.

Access the complete report for an in-depth analysis of the global automotive sunroof market:
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Automotive Sunroof Global Market Report 2023 from TBRC covers the following information:
• Market size date for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Trends, opportunities, strategies and so much more.

The Automotive Sunroof Global Market Report 2023 by The Business Research Company is the most comprehensive report that provides insights on automotive sunroof market size, automotive sunroof market drivers and trends, automotive sunroof market major players, competitors' revenues, market positioning, and market growth across geographies. The automotive sunroof market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.

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