Automotive & Transportation Industry Automotive Sunroof Market 2024

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Automotive Sunroof Market Analysis, Size, Share, Growth,
Industry Trends and Forecasts, 2016 to 2024 - Hexa Research
"The global Automotive Sunroof Market was
estimated at nearly USD 4.7 billion in 2014. The
industry is expected to grow at a CAGR of almost
10% from 2016 to 2024."
The worldwide Automotive Sunroof Market was valued at around USD 4.70 billion in 2014. The industry is
expected to grow at nearly 10% CAGR and surpass USD 9 billion from 2016 to 2024 (forecast period). The use
of smart glass in vehicles is anticipated to impel industry growth in the coming years. Rising vehicle owners and
worldwide population have contributed to added market sales. Growing popularity of automotive sunroofs has
also contributed to overall demand. Furthermore, the after-sales trend in the Asia Pacific region has furthered
market growth.
Consumers expect more comfort in their cars, with such a roofing system. They opt for sunroofs & other
luxurious features for their economy-class vehicles. Around half of all new cars sold will be fitted with sunroof
systems in the years to come. These would include convertibles, full glass sliding, and retractable hardtops.
Alternate fuel vehicles may encourage car manufacturers to make ‘built-in solar cell’ sunroofs, powering
vehicles. Technological developments in solar roofs for EVs (Electric Vehicles) can propel the global Automotive
Sunroof Market in the forecast period.
The Automotive Sunroof Market is divided into applications, products, and geographies. Products include fabric
and glass. It is expected that the glass segment may continue to dominate the global market from 2016 to 2024.
Glass is further divided into pop-up, inbuilt, spoiler or tilt & slide, top mount, and panoramic. The panoramic or
the vista roof segment can grow at a CAGR exceeding 15% in the forthcoming years. Greater preference for
bigger sunroofs contributes to its demand.
Browse Details of Report @ https://www.hexaresearch.com/research-report/automotive-sunroof-market
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