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According to MarketsandMarkets analysis, the Power Sunroof Market is projected to grow at a CAGR of 10.81% from 2017 to 2025, to reach USD 11.60 billion by 2025.
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Power Sunroof Market by Material, Fabric, and Region - Global Forecast 2025 | MarketsandMarkets According to MarketsandMarkets analysis, the Power Sunroof Market is projected to grow at a CAGR of 10.81% from 2017 to 2025, to reach USD 11.60 billion by 2025.The advancements in glass technology and increasing consumer preference towards power sunroof are leading to the increased penetration of power sunroof in automobiles. Additionally, factors such asgrowing need to control light inside vehicle, growing demand for premium vehicles, and greater glass surface area in automobiles are driving the growth of the power sunroof market. Consumers now expect an increasingly high level of comfort in their cars. As the automotive industry is becoming increasingly competitive, vehicle manufacturers are using power sunroofs and other roof systems such as semi-convertible roof to help differentiate the product offerings to customers. The continuous advancement in automotive technologies due to heavy investment in research and development by auto manufacturers worldwide is the major factor responsible for the expected growth of power sunroof market. The consistent increase in the demand for premium segment passenger vehicles and integration of comfort features are further anticipated to boost the growth of power sunroof market. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=107520708 Europe is estimated to lead the power sunroof market, by value, in 2017. It is followed by North America, Asia Pacific, and the Rest of the World (RoW). The region is a hub for automotive giants and premium vehicles. Germany houses the largest automotive industry in Europe and is home to major automobile manufacturers such as Volkswagen, BMW, Audi, and Daimler. The current demand for luxury cars is high in countries such as Germany, Italy, UK, Spain, and France. Moreover, Germany is the hub of technological innovations of several OEMs, thereby encouraging the substantial market growth of luxury vehicles. Additionally,the players started expanding their plants to strengthen their presence in Europe. For example, Webasto expanded its sunroofs and panorama roofs plant in the Romanian city of Arad, and Inteva opened its second manufacturing facility in Oradea, Romania, for producing roof systems. PANORAMIC SUNROOF: HIGHEST GROWTH IN POWER SUNROOF MARKET Panoramic sunroof is a multi-panel sunroof that offers openings above both the front and rear seats. Its glass panel can be fixed or operable. It is designed to cover more of the roof than other sunroofs do. It allows passengers in both the front and rear seats to enjoy the benefits of fresh air and sunlight. The advancements in glass technology has made panoramic sunroof more practical. It is expected to lead the power sunroof market by 2022 as it filters out ultraviolet rays and reduces heat load, lowering the demand for air-conditioning systems. For example, the Octavia comes with panoramic sunroof with tinted glass, which is electronically operated and features a bounce-back system.
The new SLC 300 roadster vehicle features the magic sky control panoramic sunroof which uses SPD (Suspended Particle Device) smart glass technology. It becomes more important when a car uses large surface areas of glass, especially in warm climates.It also makes the front and rear passengers more comfortable and creates a safe and efficient travel environment. Other benefits include significant heat reduction inside the vehicle by up to 18°F, UV protection, glare control, reduced noise, and reduced fuel consumption. Speak to Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=107520708 About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. flagship competitive intelligence and market research platform, Contact: Mr. Shelly Singh MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062
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