Power Sunroof Market 2019 Global Size, Share, Trends, And Growth Forecast To 2023, is depth analysis report on Global Power Sunroof Market, added by MarketResearchFuture. Report provides comprehensive information on current turnover and market share, forecast market for Power Sunroof Industry.
— Global Power Sunroof Market analyzed Material (Glass and Fabric), By Sunroof Type (Top-Mount, Panoramic, Solar And Others), By Vehicles (Sedan/Hatchback, SUV and others) and Region, and regional forecast 2019 to 2023.
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Power Sunroof Global Market Overview:
Global automotive sunroof market is projected to grow at a CAGR of over 11% during the forecast period in terms of value backed by growing technological advancements and increasing demand of luxury cars. An automotive sunroof is a movable glass panel that is operable to uncover an opening in an automobile roof, which allows light and/or fresh air to enter the passenger compartment.
The automotive manufacturers are majorly focusing on increased investment in research and development. The increased investment in research and development will result in development of innovative and advance product lines. This will result in increased demand for power sunroof in vehicles. The automotive manufacturers are more inclined towards Research and development.
With the increasing population, the demand for vehicles is also increasing, leading to an increase in the production of automobiles. Overall, global car production is expected to rise by an annual average rate of 3.5% in the period, from 2013 to 2017. Significant developments in component materials combined with increasing number of factories installed sunroofs are estimated to positively impact the market demand.
In past few years, automotive manufacturers have often designed panoramic sunroofs for concept cars to make the interiors luxurious. But manufacturers don’t prefer it into production because they were heavy and affects the roof's structural integrity. This will be the restraining factor that will affect the growth of the market in future.
Power sunroof market catered across different geographical regions namely North America, Europe, Asia Pacific, Middle East and Africa along with further country wise segmentation. Currently, Europe dominates the sunroof market throughout the forecast period, followed by North America. Panoramic sunroof is the fastest growing segment, which will dominate the market in the forecast period. Asia-Pacific is expected to see significant growth as large demand and production of automobiles. This is primarily due to development of automotive manufacturing industries in economies such as Japan and South Korea and the continued strong support for solar sunroofs.
Automotive vehicle production has been growing rapidly with a substantial increase in global population and vehicle owning capacity. The demand for sunroof witnessed a spike in popularity, especially among the younger population in Asian countries. These factors have been greatly influenced by the use of sunroof systems and the developments in them, which in turn have propelled the market, globally.
Power Sunroof Market Segmentation:
The global Power Sunroof market is segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Material: Comprises Glass and Fabric.
Segmentation by Sunroof Type: Comprises Top-Mount, Panoramic, Solar and Others.
Segmentation by Vehicles: Comprises Sedan/Hatchback, SUV and others.
Segmentation by Regions: Comprises Geographical regions - North America, Europe, APAC and Rest of the World.
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