Sunroof Glazing Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020 - 2030

  • Single User License $3500

Sunroof Glazing Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020 - 2030

Status : March, 2023 | Automotive

Report Digest

Sunroofs refers to a panel in the roof of a car which can be opened for extra-ventilation. It is a glass panel used in an automobile roof to allow fresh air to enter the compartment of passengers. These sunroofs can be both manually operated and motor driven. Automotive sunroof glazing is widely used in the luxury cars to allow light as well as fresh air to enter the vehicle. These provide a level of comfort to the customers. The investment in this market is growing as the global investors are making high investments in latest and attractive technologies.

The global sunroof glazing market is expected to grow at a significant rate through 2030 owing to shifting customer preference towards sunroofs, and adoption of latest designing options by the market players. As per analysts, the compound annual growth rate will exhibit a steady rise globally over the forecast period.

Key  Growth Factors:

The rise in the disposable income of people living in  developing economies is forcing them to switch to vehicles with sunroof glazing for brightness, fresh air and  better ventillation.    

Adoption of automated technologies and designs by the industrialists globally is resulting in expanding the growth of this market.The global manufacturers are adopting latest features like sunroof  glazing in their vehicles for ventillation purposes to attract the customers.     

The rising government initiatives to motivate the automotive industrial players to invest in this market is augmenting the growth of sunroof glazing market. The government’s initiatives involves provision of incentives and subsidies to the manufacturers for including these sunroofs in all of their vehicles. Increasing demand of lightweight vehicles throughout the world is creating immense opportunities for the manufacturers to witness progress in this market. 

Key Restraints:  

The cost of repairing these sunroofs is high which acts as a negative factor to suppress its progress in the market. The engineers are sometimes unaware about the latest plastic gazing. This unawareness regarding modern plastic gazing among the engineers and manufacturers restricts the further growth in the market.

Covid 19 pandemic has created a negative impact on the market growth of sunroof glazing. The pandemic had reduced the sales level of  vehicles throughout the world. Due to the closing of manufacturing centers in the lockdown, the production got restricted along with the sales. . The global market for sunroof glazing  has lost its entire momentum.The people across the world are suffering from financial crisis leading to reduction in the sales of luxury vehicles. However, the relaxations in the lockdown given to the production hubs  by the government has increased the production and sales.

The market players are going through a phase where they are giving extra efforts to increase the sales of these sunroofs. They are adopting multiple strategies at a time to encourage the customers and automotive manufacturers to go for these sunroofs for increasing the sales. It is forecasted that the growth for this market will rise exponentially creating  opportunities for the manufacturers in this market.

Region-Wise Forecast:

The market for sunroof glazing is projected to witness an incredible rise in its growth rate through 2030. Asia Pacific is likely to be the numero uno market and account for significant market share. In developing economies like China and India, the rise in disposable income of consumers along with the rising demand for premium vehicles is contributing to drive the market growth. Government initiatives in India, China and Japan  such as provision of subsidies and incentives to environmental friendly industries is further addding its contributions to the slurring of market growth in Asia Pacific.

On the other hand, Europe is predicted to occupy second largest position in this market globally on account of  rising demand for luxury vehicles and adoption of sunroofs in all passenger vehicles in Germany, France, Spain and Italy. Rising investments from leading as well as new manufacturers in Germany is creating a global surge in the market growth.

Furthermore, the manufacturers in North America are expected to witness tremendous growth opportunities in sunroof glazing market due to increasing usage of automotive glazing in windshield and adoption of automated designing options in Canada and Mexico. The manufacturing industries are increasingly investing in this market to become market leaders and extend their presence across the world. United States is predicted to achieve the fastest growing CAGR through 2030.

Market Segmentation:

By Vehicle Type:

  • Hatchback
  • SUV
  • Sedan
  • Other electric vehicles

By Sunroof Type:

  • Pop up sunroofs
  • Tilt and slide
  • Top mount
  • Panoramic
  • Built in sunroofs system
  • Foldable
  • Removable
  • Solar type

By Sales Channel:

  • OEM automotive sunroof glass
  • Aftermarket automotive sunroof glass

By Glass Type:

  • Laminated automotive sunroof glass
  • Tempered automotive sunroof glass

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • South America

Competitive Landscape:

The market for automobile sunroof glazing is moderately fragmented. The market players are giving stiff competition to each other to survive in cut-throat competition and expand their operations globally. They are increasing their potential by concentrating on new product launches, innovations, expansions, joint ventures, collaborations with other brands etc. Some of themajor players in this market are Saint-Gobain S.A. , Safelite Group, Vitro SAB de CV, Nippon Sheet Glass Corporation Limited, Fuyao Group, Corning Glass, Asahi Glass Corporation Limited, AGC Glass Europe, Auto One Glass, Magna International Incorporation, Webasto Group, Valmet Automotive, Ajsin Seiki Limited, Yachiyo Corporation, Inalfa Roof Systems, Inteva Products LLC etc.

For instance, Webasto Group has shifted its sunroof production plant to a larger plant in Guangzhou situated in China to expand its market presence.The new plant has the potential to enable the production ofabout 1.6 million sunroofs annually. The company has developed a new convertible roof system for Mercedes-AMG GT and GT C Roadsters that has high speed andsuperior aesthetic system. In addition to Webasto Group, Inalfa Roof Systems have opened their facilities in Cherokee, Poland, Chongging, South Korea etc to extend its operations globally and capture major market share. Further, Inalfa company has opened a new technical center in the United States.

Key Q&A

What is the outlook on sunroof glazing market?

The global sunroof glazing market is likely to grow at a CAGR of over 8% through 2030, as recovery in automotive industry gets underway

Which is the most lucrative category for sunroof glazing manufacturers?

Passenger cars represent the most lucrative opportunity for sunroof glazing manufacturers around the globe.

Which are high-growth markets for sunroof glazing manufacturers?

China and India are among the most lucrative markets for sunroof glazing globally.

The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.

TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.

5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?