Valued at $4.9 billion in 2015, the global automotive sunroof market is projected to surpass $10.1 billion by 2022, witnessing a CAGR of 10.9% during 2016–2022. Among the material types, the glass sunroof category generated the higher revenue in 2015.
The glass sunroof category is further categorized into pop up, built-in, tilt n slide, top mount, panoramic, and solar. Among these, solar glass sunroofs are predicted to attain the fastest growth in the automotive sunroof market, during the forecast period. A new type of solar-reflective glass, which improves the reflection of the near-infrared (NIR) portion of the solar spectrum, has been developed. This type of glass is used to make sunroofs as it has an inlaid photovoltaic solar insert or solar panel, which makes the glass totally opaque.
Significant Investments in Reducing Noise and Improving Passenger Comfort is Key Trend in Market
Investments in reducing the noise and improving the passenger comfort is a major trend being observed in the automotive sunroof market. The wind noise has a strong influence on the consumer perception of vehicle quality. Among the wind noise complaints, vehicle buffeting due to an open sunroof or side window has been a prominent one. Generally, buffeting is not evaluated by original equipment manufacturers (OEM) in the early phase of vehicle development, because prototypes do not have sufficient details to provide realistic aerodynamic and acoustic behavior insights.
One approach is to design universal sunroof systems, which can suppress the buffeting on any vehicle. However, the experimental optimization process often results in a late-stage tuning of sunroof systems, costly changes, or a suboptimal design. The numerical prediction capability of the buffeting phenomena, which provides design guidance in the early design phase, is therefore highly desired.
Demand for Greater Glass Surface Area in Automobiles, including Larger Sunroofs, is Driving Market Growth
The key factor driving the growth of the automotive sunroof market is the demand for greater glass surface area in automobiles, which includes larger sunroofs. The styling for aerodynamic profile results in a more pronounced installation angle of windshields and back windows, thus making them larger. A sunroof may morph into the entire car roof, and it is also designed for a reduction in blind spots. The added glass surface area enhances the look of the glass on cars. The advantages of a greater glass surface area include cooler cabin temperatures due to ultraviolet (UV) and IR reflective coatings, less road noise entry due to laminated windows manufactured using acoustical polyvinyl butyral (PVB), and larger field of view due to larger glass openings. Additionally, the reflective coatings reduce the air conditioning load on the engine, thus saving gas and reducing air pollution.
Segmentation Analysis of Automotive Sunroof Market
The glass sunroof category is predicted to witness faster growth in the automotive sunroof market, during the forecast period. In the glass sunroof category, the solar subcategory held the larger market share in 2015. These types of sunroofs are available as a factory option on the 2010 Prius, recent Audi cars, Renault Zoé, and on some models of the Mazda Millennia.
The automotive sunroof market is expected to witness the fastest growth in the sedan car category during the forecast period. This would primarily be due to the increasing adoption of sunroofs in mid-segment cars, along with high-end and sports cars. Due to the changing consumer preferences, the majority of sedan manufacturers are coming up with sunroofs mounted on their vehicles, as an add-on feature in the more-expensive models, as well as in standard models.
Geographical Analysis of Automotive Sunroof Market
The Asia-Pacific (APAC) region is expected to witness the fastest growth in the automotive sunroof market during the forecast period. This is attributed to the increasing presence of automobile manufacturers and rapid urbanization in the region. Owing to the favorable investment policies of governments, cheap labor and transportation, and easy raw material availability, the APAC region is witnessing huge investments from automobile manufacturers for new manufacturing and assembling units. Moreover, the rapid urbanization, increasing buying power, and rise in the living standards are allowing individuals to spend more on personal vehicles, which is boosting the sale of automobiles in the region.
Competitive Landscape of Automotive Sunroof Market
The automotive sunroof market is characterized by the presence of several players including Webasto SE, Inteva Products LLC, Inalfa Roof Systems Group B.V, Aisin Seiki Co., Ltd., Corning Inc., Meritor Inc., Yachiyo Industry Co. Ltd., Automotive Sunroof Company, Nippon Sheet Glass Co. Ltd., and Johnan America Inc.
In recent years, the players in the global automotive sunroof market have been involved in several strategic developments. For Instance, in April 2016, Webasto SE, a global roof and thermo system manufacturer, expanded its plant for roof systems in Hiroshima, Japan. The company has planned an investment of EUR 5.6 million ($6.4 million) in the construction of a new two-story building with an effective floor space of over 5,000 square meters. Thus, the company is bolstering its presence in Japan, the third largest car-producing country in the world.
GLOBAL AUTOMOTIVE SUNROOF MARKET SEGMENTATION
By Material Type
By Vehicle Type