Automotive Sunroofs Market to Record Sturdy Growth by 2024

The global automotive sunroof market is currently being driven by the rising consumer demand for safety and comfort. Increasing disposable incomes are allowing a greater number of consumers to afford high-end luxury cars, while technological advancements in architecture and materials is allowing lower range cars to be optionally fitted with quality sunroofs. Both factors are likely to provide a substantial impetus to the global automotive sunroof market over the coming years.

The global automotive sunroof market is also being propelled by the increasing development of passenger cars in general. However, the market is currently being stifled by utility issues such as the crushing of sunroofs during accidents or due to manufacturing defects. The installation of sunroofs also increases the overall maintenance cost of a car, making it an unwanted feature for low-end car buyers.

The overall global automotive sunroof market was calculated at US$4.3 bn in 2015 and is projected to reach US$11.4 bn by the end of 2024, after expanding at a CAGR of 11.5% within a forecast period from 2016 to 2024.

Request A Sample Of This Report - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=17465

The automotive sunroofs market across the globe is currently driven by its exceptionally high volume of demand in the European region. Europe also holds a high potential demand for premium vehicles and along with increasing consumer’s demand for comfort systems, the adoption of sunroofs in all passenger vehicles has increased over the forecast period in Europe. Glass sunroofs are adopted in approximately 60% of the vehicles using sunroof systems in Europe.

Asia Pacific occupies the second position in terms of demand in the global automotive sunroof market, after Europe. A majority of the car buyers as well as manufacturers treat sunroofs as an after-sales market in Asia Pacific, allowing a massive scope of entry for all levels of players in this region. The complementing growth of the automobile sector in Asia Pacific is expected to further drive the market for sunroofs in India, China, and Japan.

Governments from Asia Pacific, MEA, and Latin America are providing incentives to environment friendly industries, of which the global automotive sunroof market can be a part of. This has in turn helped in draw in huge investments from leading global companies of automotive sunroofs providers for setting up new facility manufacturing units in these regions.

View Report - https://www.transparencymarketresearch.com/automotive-sunroofs-market.html

Based on material types, in terms of revenue, the global automotive sunroofs market was primarily driven by glass sunroofs with the leading market share in 2015 and is also expected to hold the top market share over the forecast share. Glass is a commonly used material in the manufacturing of sunroofs. Glass sunroofs are preferred by consumers since they offer better transparency, along with an open and spacious atmosphere. The market for fiber sunroofs will experience declining growth owing to the decline in demand for convertible tops.

With growing lightweight and fuel efficiency trends, carbon fibers and polymers are also gaining popularity. In the glass sunroof type market segment, the in-built glass sunroof sub-segment occupies the leading market share. Pop-up, tilt and slide, panoramic, top-mount, foldable, and removable sunroofs are the most commonly available varieties. Solar sunroofs are the new entrant and the energy from the photovoltaic cells of the solar sunroofs are now being used to power the vehicle’s climate control systems.

Buy This Report - https://www.transparencymarketresearch.com/checkout.php?rep_id=17465<ype=S

Leading players operating in the global automotive sunroofs market so far, have included Aisin Seiki Co. Ltd. (Japan), Inalfa Roof Systems Group B.V. (Netherlands), Inteva Products, LLC. (Troy), Webasto SE. (Germany), and Valmet Automotive (Finland).

Transparency Market Research (TMR) is a next-generation provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations

Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: www.transparencymarketresearch.com

This release was published on openPR.