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Automotive Sunroof Market Seeing 9.8%CAGR Surge to 2022 Dominated by region / product segment / application as per the report summary
The Automotive Sunroof market 2017 research by Market size forecasters. It offers a feasibility analysis for investment and returns supported with data on development trend analysis across important regions of the world.Surging use of these products by automotive sunroof manufacturers in concept cars to make the interiors look luxurious is predicted to boost demand over the forecast period. Escalating consumers preference for vehicles equipped with larger sunroof is expected to propel panoramic sunroof market growth over the next few years.
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Automotive sunroof market size is estimated to be valued at USD 9.76 billion by 2022; as per a new research report by Global Market Insights, Inc. Innovation in component materials coupled with rising number of factory-installed sunroofs is expected to drive industry demand over the forecast period. In addition, increased aftermarket demand is also anticipated to fuel growth.
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Inbuilt automotive sunroof market accounted for majority of the overall revenue in 2014, since these are a popular factory installed variant. Commonly known as moonroofs, inbuilt models are expected to grow at a CAGR of over 7% from 2015 to 2022.
High cost and regular maintenance are estimated to pose a challenge to the automotive sunroof market size. As these systems have drains and holes, it may cause clogging and leakage of water into the car. Hence, regular maintenance is required and thus involves high maintenance cost.
Growing alternative fuel vehicle segment is likely to drive the demand for solar roofs, which is expected to present a growth opportunity to key industry participant.
MarketSizeForecasters.com, a Skyline Market Research LLP brand, is an online aggregator of market research reports. MarketSizeForecasters.com offers a comprehensive collection of full length reports on global and regional markets in 100+ industry verticals. We have partnered with some of the leading business and market research publishing houses and regularly update our online library to offer wide range of reports to our customers.
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