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Global Automotive Sunroof Market (Size of $4,924.5 Million in 2015) to Witness 10.9% CAGR During 2016 – 2022

Automotive Sunroof Market

Automotive Sunroof Market

The global automotive sunroof market was valued at $4,924.5 million in 2015, and it is expected to grow at a CAGR of 10.9% during 2016 - 2022. The factors driving the growth of the global market includes growing need to control light inside vehicle, growing demand for premium cars, and greater glass surface area in automobiles, including larger sunroofs.

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Automotive sunroof refers to any roof opening in vehicle, such as one with a retractable metal panel. Modern sunroof consists of around 200 parts, and vehicle maker now use them and other roof system to help differentiate product offering to customers. Consumers now expect an increasingly high level of comfort in their cars, particularly where air conditioning and sun roof are concerned. Such equipment is no longer the exclusive domain of luxury cars.

In 2015, Europe held the largest share in the global automotive sunroof market. The automotive sunroof market in the region is anticipated to grow significantly during the forecast period. The major reasons behind the growth of the automotive sunroof market are strict environment regulations, increasing demand for electric vehicles, and growing need to control light inside vehicle. Asia-Pacific held the second largest share in the global market and it is also expected to witness the fastest growth during the forecast period.

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Among the various vehicle types, the premium cars held the major market share in the global automotive sunroof market. The high-income group prefers premium cars owing to their aesthetic looks, convenient travel experience, and it also resembles the statues symbol in the society.

The information and data in the publication “Global Automotive Sunroof Market Size, Share, Development, Growth and Demand Forecast to 2022”, represents the research and analysis of data from various primary and secondary sources. An amalgamation of bottom-up and top-down approach has been used to calculate the market size.

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Some of the major companies operating in the global automotive sunroof market include Webasto SE, Johnan America, Inc., Automotive Sunroof Company, Nippon Sheet Glass Co. Ltd., Yachiyo Industry Co., Ltd., Corning Inc., Meritor Inc., Aisin Seiki Co., Ltd., Inteva Products, LLC, and Inalfa Roof Systems Group B.V.

About P&S Market Research

P&S Market Research is a market research company, which offers market research and consulting services for various geographies around the globe. We provide market research reports, industry forecasting reports, business intelligence, and research based consulting services across different industry/business verticals.

As one of the top growing market research agency, we’re keen upon providing market landscape and accurate forecasting. Our analysts and consultants are proficient with business intelligence and market analysis, through their interaction with leading companies of the concerned domain. We help our clients with B2B market research and assist them in identifying various windows of opportunity, and framing informed and customized business expansion strategies in different regions.

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