Asia Pacific Automotive Sunroof Market will account for a significant volume share owing to the presence of major automobile OEMs along with sunroof manufacturers across the region. The availability of multiple vehicles at varied price range offering premium and luxurious features are boosting the business growth. Moreover, industry participants including Volkswagen, Audi, BMW, Mini, and Skoda among others are continuously upgrading their vehicle portfolio for incorporating sunroofs in their vehicles, thereby supporting the automotive sunroof market share over the projected timeframe.
Considering the geographical penetration, it would be vital to mention that the Europe automotive sunroof market will depict substantial growth over 2019-2025, powered by the presence of several automotive majors across its nations. Eminent automotive manufacturers operating in the region include BMW, Volkswagen Group, Fiat Automobiles S.p.A and Daimler AG among others. These companies are constantly introducing advanced products and expanding their production capabilities to meet the growing demand.
Get a Sample Copy of this Report @ https://www.gminsights.com/request-sample/detail/152
Technology advancements including the incorporation of sensors and components for felicitating automatic sunroof operation are positively influencing the automotive sunroof market share. Additionally, automobile OEMs are integrating advanced components, that operates the sunroofs automatically, upon the detection of rain.
The rising sales of electric vehicles are enabling automobile OEMs to incorporate solar panels and recharging capabilities in sunroofs for improving vehicle driving range and reduce charging time significantly. Additionally, the advanced protection from UV rays and appropriate glass tinting further accentuates the automotive sunroof market over the projected timeframe.
According to a research report by Global Market Insights the global automotive sunroof market valuation is estimated to surpass $40 billion by 2025. The global market is susceptible to encounter multiple opportunities in the following years, on account of technological advancements in sunroofs, the launch of new automotive models, and increasing investments into R&D for developing advanced technologies.
Automotive sunroof market from glass sunroof will register significant growth over the study timeframe. This can be attributed to the availability of a wide range of glass sunroofs at varied price range. Additionally, the availability of laminated and tempered glass with superior UV protection along with its ability to maintain an optimum car interior temperature further expands the segment share.
Browse key industry insights spread across 250 pages with 562 market data tables & 12 figures & charts from the report, “Automotive Sunroof Market” in detail along with the table of contents: https://www.gminsights.com/industry-analysis/automotive-sunroof-market
Electric cars are estimated to be the next disruptive market force as far as the impact of technology in transportation is considered. Electric cars are a one-stop solution to the environmental impact of conventional cars. One of the main reasons for the introduction of electric cars is the concern over greenhouse gas emissions and their role in global warming. Given its environmental benefits, its sales are further spurred by the imposition of stricter government regulations concerning CO2 emissions and fuel use.
Industry players are continuously investing in R&D for developing advanced safety features for sunroofs for expanding their business share. For instance, in 2017, Hyundai Mobis unveiled its panoramic sunroof airbag system, that offers improved protection to the passengers and driver in the event of a crash, thereby boosting the automotive sunroof market.
Few of the prominent players in the automotive sunroof market include Webasto SE, Inalfa Roof Systems B.V., Valmet Automotive, Aisin Seiki Co., Ltd., CIE Automotive, and Magna International, Inc. Industry players are engaged in expanding their production facilities for catering to the rising consumer demand and improve their market share.
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.