Press release
Automotive Sunroof Market Key Major Players, Product & Application Segmentation & Forecast 2025
Automotive Sunroof Market
The global automotive sunroof market is driven by innovation in glass technology and a rise in demand for safety, comfort, & convenience features. Furthermore, the rise in demand for premium cars and improvement in the aesthetic value of glass surface area in automobiles including larger sunroofs propel the growth for the automotive sunroof market. In addition, increasing consumer preference toward automotive sunroof vehicles in developing nations further boosts the demand for automotive sunroofs in the global market.
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The global automotive sunroof market was valued at $6,384.4 million in 2017 and is projected to reach $13,553.9 million by 2025, registering a CAGR of 9.7% from 2018 to 2025. Europe dominates the market in 2017, followed by Asia-Pacific. In 2017, Germany dominated the European market, while in the Asia-Pacific, China currently dominates the market.
The global automotive sunroof market is driven by innovation in glass technology and a rise in demand for safety, comfort, & convenience features. The rise in demand for premium cars and improvement in the aesthetic value of glass surface area in automobiles including larger sunroofs propel the growth for the automotive sunroof market. In addition, increasing consumer preference toward automotive sunroof vehicles in developing nations further boosts the demand for automotive sunroofs in the global market.
High integration & maintenance cost, low penetration of sunroof in low segment vehicles, and incidents of shattering & crushing of sunroofs are some of the major restraining factors of this market. Moreover, increasing penetration of solar sunroofs in electric vehicles across the globe and surging sales of automotive vehicles ensure emerging growth opportunities for this market worldwide. These features offer lucrative opportunities for the automotive sunroof market.
Based on material type, the glass segment dominated the global automotive sunroof market in 2017. As per vehicle type, the gasoline-powered vehicle segment dominated the global automotive sunroof market in 2017. However, the electrically powered vehicle segment is expected to grow at the highest CAGR during the forecast period (20182025). Asia-Pacific is anticipated to exhibit the highest CAGR during the forecast period.
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Driving factors for the market
1. Innovation in glass technology
2. A rise in demand for safety, comfort and convenience features
Market Restraints and Opportunities:
1. High integration and maintenance cost
2. Low penetration of power sunroof in low segment vehicles
3. Increasing penetration of solar sunroof in electric vehicles across the globe
4. Increase in sale of automotive vehicles
The key players operating in the global automotive sunroof market are,
o Aisin Seiki Co. Ltd.
o Inalfa Roof Systems Group B.V.
o Webasto Roof Systems Inc.
o Inteva Products LLC.
o Johnan America Inc.
o Yachiyo Industry Co. Ltd.
o CIE Automotive
o BOS GmbH & Co. KG
o Automotive Sunroof Company Inc.
o Magna International Inc.
Key questions answered in Automotive Sunroof Market research study:
o What is the market growth rate of Automotive Sunroof Market from 2018-2025?
o What will be the global market size of the market from 2018 to 2025?
o Who are the leading global manufacturing companies in the Automotive Sunroof Market?
o What are the major current trends and predicted trends?
o What are the challenges faced in the Automotive Sunroof Market?
o Which will be the niches at which players profiling with thorough plans, financials, and also recent advancements should set a presence?
o Which will be the anticipated growth rates for your own Data Masking economy altogether and also for every segment inside?
o Which will be the Data Masking application and types and forecast accompanied closely by producers?
o What are the conclusions of the Automotive Sunroof Market report?
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