Sunroof Market: 2018 Global Size, Aftermarket, Share, Competitive Analysis, Automotive Industry Forecast To 2023

Sunroof Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023. Global Sunroof Market is growing at flourishing CAGR within forecast period of 2018 to 2023. This growth of Global Sunroof Market is attributed to increasing population, the demand for vehicles, leading to an increase in the production of automobiles. Substantial developments in component materials combined with increasing number of factory installed sunroofs are estimated to positively impact the market demand.

This 111 pages report provides Global Sunroof Market Information By Material (Glass And Fabric), By Sunroof Type (Top-Mount, Panoramic, Solar And Others), By Vehicles (Sedan/Hatchback, SUV and others) and Region.

Market Scenario:

The automotive manufacturers are majorly focusing on increased investment in research and development. The increased investment in research and development will result in development of innovative and advance product lines. This will result in increased demand for power sunroof in vehicles. The automotive manufacturers are more inclined towards Research and development.  They majorly focus on advantageous locations for production and short-distance supply to reduce costs. Power Sunroof are expected to be promising in future due to the dynamic factors such focus on high-quality products, changing lifestyle of consumers and rising spending power.

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Major Players Analyzed In Study Are: Webasto (U.S.), Inalfa Roof Systems (Netherlands), Inteva (U.S.), Magna International (Canada), Aisin Seiki (Japan). Nippon Sheet Glass Co., Ltd (Japan). Automotive Sunroof Company (Canada), Yachiyo Industry Company Ltd. (Japan) and Preh IMA Automation (PIA) Evansville (U.S.), BOS (Germany)

Market Research Analysis:

Power sunroof is most recent trend in the vehicles that is in huge demand. The sunroof is usually installed at the roof of the vehicle in order to allow light and fresh air to enter the interior. The power sunroof are available in two types such as manually or automatically operated according to the type of car. The size, shape, and style of power sunroof depend on the vehicle type. The development of new and diversified technologies is creating exciting opportunities within the automotive industry.

The new trends being witnessed are research and development initiatives being carried by automotive manufacturers with focus on advantageous locations for production and short-distance supply to reduce costs. Recently, in 2017, Inteva products receives international innovation award for structurally integrated panoramic sliding sunroof.

Power sunroof market is expected to be promising during the forecast period due to the major driving factors such focus on high-quality products, changing lifestyle of consumers and rising spending power. Automotive companies including passenger cars manufacturers are constantly trying to emphasize more on innovation for their product offering so as to enhance the efficiency in automotive sector.

Regional Analysis:

Power sunroof market has been catered across different geographical regions namely North America, Europe, Asia Pacific, Middle-East and Africa. Europe is expected to dominate the power sunroof market during the forecast period followed by North America and Asia Pacific. In Europe, there has been increase in demand for luxury vehicles. The increased demand of luxury vehicles will result in growing installation of power sunroof in the vehicles. Panoramic sunroof is the fastest growing segment, which will dominate the market in the forecasted period. In Europe, Germany is expected to dominate the market during the forecast period due to increase i9n demand for sunroof in the vehicles. North America is expected to be the second largest market due to increase in production of passenger cars. In North America, U.S. is expected to dominate the market in future. Asia Pacific is expected to grow at highest CAGR due to growing demand for passenger cars. There has been increase production of vehicles, development of automotive manufacturing industries in economies such as Japan and South Korea continued their strong support of solar sunroof. This will result in the growth of the market in future.

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