Market Size of India Automotive Sunroof Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 17.60 % |
Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
India Automotive Sunroof Market Analysis
The India Automotive Sunroof Market is expected to register a CAGR of 17.6%.
The automotive sunroof market in India is primarily driven by the increasing demand for convenience features and rise in sales of luxury cars over the past few years. Earlier, sunroofs in cars were offered as standard only in the top end variants of luxury cars such as Audi, BMW, Volvo, Jaguar, and Mercedes-Benz. The demand for passenger cars has increased and shift of customer preference from a basic car to a car that hosts a wide range of convenience features has been observed. This has created competition between the production makes which led to OEMs offering sunroof as standard in mid-segment cars.
The passenger car market in India has witnessed several new launches since 2018. This trend has continued as the industry has also witnessed new OEMs establishing their facilities in the country and offering attractive vehicles at affordable prices. For instance, the Chinese legend Morris Garage has launched its first model for the Indian market, the Hector. This vehicle has several first in segment features which also includes a panoramic electric-sunroof that can be opened and closed by voice commands. Kia, another player entering the Indian market has also offered sunroof as standard in the Seltos, which was unveiled in July and will be launched in August.
In the light of all these events, the demand for sunroof is increasing over the forecast period.
India Automotive Sunroof Industry Segmentation
The India Automotive Sunroof Marker report covers the growing demand for India Automotive Sunroofs across the globe, sunroof penetration across different models/trims/versions and by vehicle segment, latest product developments and market shares of players operating across the India Automotive Sunroof market. The scope of the report includes:
By Type | |
Glass | |
Fabric |
By Vehicle Type | |
Hatchback | |
Sedan | |
Sports Utility Vehicle | |
Others |
India Automotive Sunroof Market Size Summary
The India automotive sunroof market is experiencing significant growth, driven by an increasing demand for convenience features and a rise in luxury car sales. Initially, sunroofs were exclusive to high-end luxury vehicles, but the shift in consumer preferences towards cars with more features has led to original equipment manufacturers (OEMs) offering sunroofs as standard in mid-segment cars. This trend is further supported by the entry of new players and the launch of models with advanced features, such as panoramic electric sunroofs, which are gaining popularity among Indian consumers. The market is also benefiting from the country's status as an automotive manufacturing hub, with a large youth population and a growing inclination towards automotive customization.
Despite a temporary decline in passenger car sales due to various economic factors, the market for automotive sunroofs is expected to expand significantly over the forecast period. The introduction of new emission and safety norms, along with political stability and infrastructure development, is anticipated to boost passenger car sales, thereby driving the sunroof market. Major automakers are increasingly making sunroofs a standard offering, reflecting the rising consumer demand. The market, though currently small, is poised for exponential growth due to higher consumer spending on luxury vehicles and the burgeoning economy. Key players like Webasto, Inalfa, and Inteva Products dominate the market, focusing on strategic acquisitions to enhance their regional presence.
India Automotive Sunroof Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Current Market Scenario
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1.2 Technology Trends
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1.3 Industry Attractiveness - Porter's Five Force Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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1.4 Market Drivers
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1.5 Market Restraints
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2. MARKET SEGMENTATION
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2.1 By Type
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2.1.1 Glass
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2.1.2 Fabric
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2.2 By Vehicle Type
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2.2.1 Hatchback
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2.2.2 Sedan
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2.2.3 Sports Utility Vehicle
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2.2.4 Others
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India Automotive Sunroof Market Size FAQs
What is the current India Automotive Sunroof Market size?
The India Automotive Sunroof Market is projected to register a CAGR of 17.60% during the forecast period (2024-2029)
Who are the key players in India Automotive Sunroof Market?
Webasto, Inteva Products, LLC, https://www.en.yachiyo-ind.co.jp/products/sunroof/, Inalfa Roof Systems Group B.V. and CIE Automotive are the major companies operating in the India Automotive Sunroof Market.