Your Catalyst To a Lucrative Business
Fabric sunroofs include foldable or rag-tops and removable sunroofs. The fabric sunroof industry in Europe and
North America is mainly driven by demand for foldable sunroofs. Most vehicle manufacturers provide either
inbuilt or optional systems, in their mid to premium range of cars. The inbuilt glass car sunroof industry
contributed to more than 40% of the total market shares in 2014. This industry may expand at over 7% CAGR till
2024. Increasing aftermarket & factory-installed product demand could stimulate the Automotive Sunroof
Market.
On the basis of applications, the industry is divided into hatchback, premium cars, sedan cars, and others. The
premium cars segment is popular in regions, like India, South Korea, China, and Thailand. Rising demand for
luxury cars in these markets is attributed to rising disposable incomes.
Geographies in the global Automotive Sunroof Market include North America, Europe, Asia Pacific, Latin
America, and the Middle East & Africa (MEA). North America and Europe may exhibit significant growth from
2016 to 2024. The Europe sunroof industry was estimated at around USD 1.7 billion in 2014. It is projected to
grow at nearly 9.5% CAGR in the coming years. A key factor driving this market is the demand for luxury
vehicles in the U.K. and Germany.
The Asia Pacific sunroof market can witness a growth of over 11% CAGR till 2024. Emerging automotive
manufacturing hubs in countries, like India, China, and Japan can contribute to the demand in this region.
Key players in the global Automotive Sunroof Market are Webasto, Inalfa Roof Systems, Johnan America
Incorporated, Mitsuba Corp, and Inteva Products. Partnerships, new product development, and research &
development, are the main business expansion strategies adopted by these companies.
Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/automotive-
and-transportation-industry
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