Automotive Sunroof Market Rising at 9.8%CAGR to 2022: Analysis of Key Players, Trends, Drivers, & Ch

Worldwide Automotive Sunroof market report of 2017 provides a detailed market overview as well as industry analysis for / of companies, manufacturers and distributors covering data on gross margin, cost structure, consumption value, sale price and more.

Surging use of these products by automotive sunroof manufacturers in concept cars to make the interiors look luxurious is predicted to boost demand over the forecast period. Escalating consumers preference for vehicles equipped with larger sunroof is expected to propel panoramic sunroof market growth over the next few years.

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Automotive sunroof market size is estimated to be valued at USD 9.76 billion by 2022; as per a new research report by Global Market Insights, Inc. Innovation in component materials coupled with rising number of factory-installed sunroofs is expected to drive industry demand over the forecast period. In addition, increased aftermarket demand is also anticipated to fuel growth.

Inbuilt automotive sunroof market accounted for majority of the overall revenue in 2014, since these are a popular factory installed variant. Commonly known as moonroofs, inbuilt models are expected to grow at a CAGR of over 7% from 2015 to 2022.

High cost and regular maintenance are estimated to pose a challenge to the automotive sunroof market size. As these systems have drains and holes, it may cause clogging and leakage of water into the car. Hence, regular maintenance is required and thus involves high maintenance cost.

Growing alternative fuel vehicle segment is likely to drive the demand for solar roofs, which is expected to present a growth opportunity to key industry participant.

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