Power Sunroof Global Market Overview:
Power sunroof is most recent trend in the vehicles that is in huge demand. The sunroof is usually installed at the roof of the vehicle in order to allow light and fresh air to enter the interior. The power sunroof are available in two types such as manually or automatically operated according to the type of car. The size, shape, and style of power sunroof depend on the vehicle type. The development of new and diversified technologies is creating exciting opportunities within the automotive industry. There are various factors responsible for the growth of the power sunroof market which includes increasing population, the demand for vehicles, leading to an increase in the production of automobiles. Substantial developments in component materials combined with increasing number of factory installed sunroofs are estimated to positively impact the market demand.
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The automotive manufacturers are majorly focusing on increased investment in research and development. The increased investment in research and development will result in development of innovative and advance product lines. This will result in increased demand for power sunroof in vehicles. The automotive manufacturers are more inclined towards Research and development. They majorly focus on advantageous locations for production and short-distance supply to reduce costs. Power Sunroof are expected to be promising in future due to the dynamic factors such focus on high-quality products, changing lifestyle of consumers and rising spending power.
The automotive manufacturers started developing large sunroofs in the early 2000s, and now they can be found in various models such as the Hyundai Veloster, Scion and Mini Cooper. The global power sunroof market on the basis of material type, is expected to be dominated by glass, followed by fabric. The glass type sunroofs are mostly preferred by customers since they offer better transparency, along with an open and spacious atmosphere.
The market for glass sunroof is expected to grow at highest CAGR due to latest innovations in the field of solar sunroofs for electric vehicles and panoramic sunroof segment.
In past few years, automotive manufacturers have often designed panoramic sunroofs for concept cars to make the interiors luxurious. But manufacturers don’t prefer it into production because they were heavy and affects the roof’s structural integrity. This will be the restraining factor that will affect the growth of the market in future.
Industry/ Innovation/ Related News:
The key strategies followed by most companies within the global power sunroof market are that of new product development.
In May 2015, Inalfa Roof Systems Group B.V. opened its new plant in Shanghai.
In 2013, Inalfa Roof Systems Group B.V. started supplying panoramic roof system for this New Mini.
Power Sunroof Market Segmentation:
The global Power Sunroof market is segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Material: Comprises Glass And Fabric.
Segmentation by Sunroof Type : Comprises Top-Mount, Panoramic, Solar And Others.
Segmentation by Vehicles: Comprises Sedan/Hatchback, SUV and others.
Segmentation by Regions: Comprises Geographical regions – North America, Europe, APAC and Rest of the World.
Power Sunroof Market Regional Analysis:
Power sunroof market has been catered across different geographical regions namely North America, Europe, Asia Pacific, Middle-East and Africa. Europe is expected to dominate the power sunroof market during the forecast period followed by North America and Asia Pacific. In Europe, there has been increase in demand for luxury vehicles. The increased demand of luxury vehicles will result in growing installation of power sunroof in the vehicles. Panoramic sunroof is the fastest growing segment, which will dominate the market in the forecasted period. In Europe, Germany is expected to dominate the market during the forecast period due to increase i9n demand for sunroof in the vehicles. North America is expected to be the second largest market due to increase in production of passenger cars. In North America, U.S. is expected to dominate the market in future. Asia Pacific is expected to grow at highest CAGR due to growing demand for passenger cars. There has been increase production of vehicles, development of automotive manufacturing industries in economies such as Japan and South Korea continued their strong support of solar sunroof. This will result in the growth of the market in future.
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