Increasing demand for vehicle aesthetics and innovations in glass technology have boosted the demand for power sunroof. The power sunroof market is estimated to witness high growth in developing countries such as Mexico, India, and China. The market growth in these countries can be attributed to a significant increase in the production of Sedan/Hatchbacks and SUVs in these regions.
The global power sunroof market is projected to grow at a CAGR of 10.81% from 2017 to 2025. Asia Pacific and North America are expected to witness a significant growth of the power sunroof market during the forecast period. The market growth in these regions can be attributed to increase in demand for luxury vehicles and consumer purchasing power. Europe is estimated to account for the largest market share in the power sunroof market, followed by North America, Asia Pacific, and the Rest of the World (RoW). China is estimated to have the largest share of the power sunroof market globally
The power sunroof market is dominated by global players and a few regional players. Some of the key market players in this market are Webasto (US), Inalfa Roof Systems (Netherlands), Inteva (US), Magna International (Canada), and Aisin Seiki (Japan). Webasto (US) is one of the leading manufacturers of power sunroof and has recently launched a new heat-absorbing panorama roof made of shatterproof polycarbonate, which brings more light into the interior.
Inalfa Roof Systems, headquartered in the Netherlands, is one of the leading vehicle roof system manufacturers. It was founded in 1946. The company offers six categories in roofing system, namely, Insliders, Topsliders, Exterior sliders, Fixed panels, Sunblinds, and Truck hatches. In 2014, Inalfa inaugurated its new manufacturing facility in Poland, to strengthen its presence in the country. In 2015, it inaugurated its fourth new plant in Shanghai, China, for manufacturing sunroofs and other roofing systems.
Another key market player is Inteva, which is one of the largest suppliers of power sunroof in North America. The company is trying to expand its global footprint. In 2017, Inteva, inaugurated its new manufacturing facility at Silao, Guanajuato, for strengthening its presence in Mexico. In 2016, the company opened its second manufacturing facility in Oradea, Romania, for producing roof systems. This expansion will help Inteva to expand its customer base in North America.
Other major players in the power sunroof market are focusing on enhancing their product portfolio related to sunroof to achieve continuous and sustainable growth in the market. Additionally, many players across the automobile ecosystem are acknowledging the importance of safety and are providing power sunroof with anti-pinch technology. Anti-pinch sunroof is a technology that detects any object in the path of sunroof while it is closing at the point of the obstruction.
Power Sunroof Market by Material (Glass and Fabric), Glass Type (Inbuilt, Spoiler/Tilt & Slide, Top-Mount, Panoramic, and Solar), Vehicle (Sedan/Hatchback, SUV), EV (BEV, HEV, FCEV, and PHEV), Fabric, and Region - Global Forecast to 2025
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