The latest report on Automotive Sunroof Market by Infinium Global Research gives complete coverage of the Automotive Sunroof Market by in terms of key trends, market size, forecast and CAGR growth over the period of 2019 to 2025. In addition, the study covers deep dive into key product and applications trends in the regional markets of Automotive Sunroof such as North America, Europe, Asia-Pacific and Latin America over the short run and long run.
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The Rise in the Population Led to an Increase in the Demand for Transportation
The majority of the automobile manufacturers provide sunroof in the higher-end variants of their cars. Sunroof allows light and fresh air to enter the interior of the vehicle. Almost all the automobile brands including Volkswagen, Ford, Toyota, Hyundai, Kia, and others have sunroofs on their cars. Leading automobile component manufacturers including Magna International Inc., Aisin Seiki Co., Ltd., Inteva Products, LLC, Signature Automotive Products, LLC, and others have their automotive sunroofs available in the market.
The rise in the population led to an increase in the demand for transportation. This has augmented the sale of cars worldwide, which is the major driving factor for the growth of the automotive sunroof market. Moreover, increasing disposable income of the population has led to the better lifestyle of the people which also includes the adoption of premium cars with better aesthetics. This, in turn, boosts the growth of the automotive sunroof market.
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Rising Technological Advancements in the Automobile Industry Increase the Demand for Better Comfort and Safety Features.
Furthermore, rising technological advancements in the automobile industry increase the demand for better comfort and safety features. The integration of sunroof improves the aesthetics of the car and provide comfort to the driver and passengers in the vehicle, which has propelled the growth of the automotive sunroof market. However, the integration and maintenance cost of the sunroof is high, which is expected to hamper the growth of the automotive sunroof market. Nonetheless, growing innovations in glass technology are expected to offer better business opportunities to the players in the market.
Among the regions, Asia-Pacific generated the highest revenue from the automotive sunroof, dominating the global market. The highest market share of the Asia-Pacific region in the automotive sunroof market attributed to increasing in the per capita income of the population, low-interest rates on car loans and growing economic stability in the developing countries such as China, India, and Japan.
Moreover, the production of cars in the Asia-Pacific region is anticipated to boost the automotive sunroof market in this region. Europe held the second largest share in the global automotive sunroof market following Asia-Pacific. The significant share of Europe in the market attributes to the presence of major key players in the region and the high disposable income of the population.
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- Comprehensive analysis of global as well as regional markets of the Automotive Sunroof.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.