Automotive Sunroof Market Trends

Growth Drivers

• Rising Demand for Cars with Sunroofs – A sunroof lets in more natural light than what the regular glass area would provide. Also, sunroofs always come with a sunblind and have a tint to prevent the cabin from heating up too much. With the rising demand for vehicles with sunroofs, the global automotive sunroof market is forecasted to escalate in the projected period. For instance, it was found that in 2022, nearly 50% of the vehicles produced in China are equipped with sunroofs.

• An Upsurge in the Sale of Luxury Vehicles - Better performance abilities, higher levels of convenience, technology, high-quality interiors, and brand-new safety and technology are all included in luxury vehicles. Such vehicles are gaining more popularity among individuals owing to these all features, which is further estimated to boost the market growth during the projected time frame. For instance, in the United States, the share of new vehicles sold by luxury brands in June 2022, accounted for nearly 17%

• Worldwide Growing Demand for Autonomous Cars - The number of self-driving cars having at least Level 1 autonomy (driver assistance) is expected to increase by almost 54 million by 2024 across the globe.

• Increasing Investment in Automotive Research & Development (R&D) – For instance, Japan’s investment in automotive R&D reached approximately USD 39 billion in 2020.

• Worldwide Proliferation in the Production of Passenger Cars – For instance, over 59 million passenger cars were manufactured globally in 2021.

Challenges

• Possibility of Glass Shattering - Several factors come into play when it comes to analyzing the causes of a shattered sunroof. A sunroof is projected to crack and finally shatter as a result of projectile damage. Furthermore, a flying rock, a particle of gravel, a branch, roadside debris, or an object that flies off another vehicle are all instances of this. Hence, this factor is estimated to hinder the growth of the market during the coming years.
• Concern Regarding Turbulence Affecting the Car's Aerodynamics
• High Cost of Replacement and Repairs