Power Sunroof Market by Material, Fabric, and Region - Global Forecast 2025
The Power Sunroof
Market was valued at USD 4.67 Billion in 2016 and is projected
to grow at a CAGR of 10.81% to reach 11.60 Billion by 2025 during the forecast
period. The base year considered for the study is 2016 and the forecast period
is 2017–2025.
Factors such as growing demand for premium vehicles and
greater glass surface area in automobiles, advancements in glass technology and
increasing consumer preference towards power sunroof in developing nations are
driving the growth of the power sunroof market.
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The power sunroof market is projected to grow at a CAGR of
10.81% during the forecast period and is projected to reach USD 11.60 Billion
by 2025. The market growth of power sunroof can be attributed by growing need
to control light inside vehicle, growing demand for premium vehicles, and
greater glass surface area in automobiles. Additionally, advancements in glass
technology and increasing consumer preference toward power sunroof in
developing nations are further boosting the demand for power sunroof market
globally.
Glass is estimated to be the leading segment by material
type, in terms of both volume and value, because of technological advancements
in glass, innovations in the solar sunroof segment, and increasing demand for
panoramic sunroof.
The power sunroof market ecosystem consists of manufacturers
such as Webasto (US), Inalfa Roof Systems (Netherlands), Inteva (US), Magna
International (Canada), and Aisin Seiki (Japan). The power sunroofs are
supplied to major OEMs in the automotive industry, including Toyota Motor
Corporation (Japan), General Motors (US), Honda Motor Co., Ltd. (Japan), and
others.
Target Audience for
Power Sunroof Market
·
Sunroof suppliers
·
Raw material suppliers
·
Automotive OEMs
·
Distributors and suppliers of power sunroof
·
Industry associations and experts
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