Press release
Global Automotive Sunroof Market t Size is Expected to Generate Huge Profits and Strong CAGR in the forecast period of 2020 - 2029
Prophecy Market Insights
Key Highlights:
In March 2018, Webasto inaugurated its production unit of roof system in Guangzhou, China. The facility is working to develop core technologies for the sunroof, as well as research and development for the solar sunroof.
In January 2018, BorgWarner provided advanced electro-hydraulically actuated Automotive Sunroof (AWD) coupling for the new Volkswagen Crafter.
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Key Market Insights from the report:
The global automotive sunroof market accounted for US$ 7.2 billion in 2019 and is projected to register a moderate CAGR of 9.90% over the forecast period. The market report has been segmented on the Material Type, Vehicle Type, system, and region.
By Material Type, the glass sunroof is expected to be dominated in this segment, due to advancements in glass technology that offers superior protection from ultra-violet rays.
By Vehicle Type, the global automotive sunroof market is categorized into the gasoline-powered vehicle and electric-powered vehicle.
By region, Europe is projected to lead the global automotive sunroof market and is expected to remain dominant during the forecast period, owing to the presence of prominent automotive industry along with the consistent rise in vehicle production.
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The prominent player operating in the global Automotive Sunroof market includes AISIN SEIKI Corp. Ltd., Inalfa Roof Systems Group B.V., Magna International Inc., Webasto AG., Inteva Products LLC., Meritor Inc., Yachiyo Industry Corp. Ltd., BOS Group LLC., Johnan Manufacturing Inc., and Mitsuba Corp.
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