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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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