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Automobile Sunroof Market Growth

Automobile Sunroof Market Growth

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Automobile Sunroof Market Growth

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  1. Summary Global Automobile Sunroof Market Growth, Report: Information by Type (Inbuilt Sunroof, Spoiler Sunroof, Panoramic Sunroof, Pop-Up Sunroof, Others), Application (SUV, Sedan, Hatchback, Others), Sales Channel (OEMs, Aftermarket), and Region – Forecast till 2023 Automobile Sunroof Market Growth Overview The rapid expansion of the global Automobile Sunroof Market Growth can be attributed to benefits offered by it. Noise prevention and protection from UV rays are significant advantages of sunroof. Automobile Sunroof Market Growth is likely to capitalize on these advantages. Manufacturers are incorporating sunroof in their automobile design as the demand for smart and more comfortable vehicles surge. This is casting a positive impact on the market. The increase in sales of automobiles due to rapid industrialization and expansion of urban populace are other reasons that are likely to promote the global automotive market growth. Cash-rich companies are making hefty investment in adding features to sunroof that highlight their ability to provide more comfort and incorporation of the latest technologies are anticipated to surge the market. The Automobile Sunroof Market Growth is anticipated to surpass a valuation of USD 12,447.0 million, attaining a CAGR of 8.96% during the forecast period (2018-2023). Get Free Sample @ https://www.marketresearchfuture.com/sample_request/7679 Market Potential and Pitfalls The global Automobile Sunroof Market Growth is estimated to expand at breakneck speed due to the soaring demand for impact-resistant and lightweight sunroof, which is likely to propel the developments and innovations across the market. Manufacturers like Inteva Products, Webasto Group, and Inalfa Roof Systems Group B.V. are extensively investing in R&D, which is further encouraging the market growth. For instance, the Webasto Group has developed a sunroof glass with the help of polycarbonate to manufacture sunroof. Polycarbonate has made the glass more impact-resistant, toughened, and effective. Manufacturers are highly focusing on investments to enhance the technology of ambient lighting, switchable glazing, and solar panels in sunroofs. These investments are likely to encourage the demand for advanced sunroof equipped with the latest technology. Industry Updates March 2019: Polyscope Polymers has won the JEC Innovation Award 2019 for automotive sunroof thermoplastic composite guide rails. XIRAN SGH30EB glass filled thermoplastic composite was specified by the Groupe Renault and Webasto France for roller-blind guide rails on panoramic sunroof modules, which were installed long back in Grand Scenic and Renault Scenic MPV models. This is a notable innovation for the industry as thermoplastic composite material successfully replaced aluminum for sunroof design for the first time.

  2. Competitive Dashboard The key players dominating the global Automobile Sunroof Market Growth includes Inalfa Roof Systems Group B.V., Webasto Group, Yachiyo Industry Co. Ltd, Inteva Products, Johnan Manufacturing Inc., Magna International Inc., Aisin Seiki Co. Ltd, Wuhu Mosentek Automobile Technology Co., Ltd, Zhejiang Wanchao Electric Co., Ltd., and Wuxi Ming Fang AutoMobile Parts Industry Co., Ltd. Segmental Analysis The Automobile Sunroof Market Growth is segmented on the basis of type, sales channel, application. By type, the Automobile Sunroof Market Growth is segmented into spoiler sunroof, inbuilt sunroof, pop-up sunroof, panoramic sunroof, and others. Of these, the inbuilt sunroof segment is predicted to dominate the market. Technological advancements in inbuilt sunroof like venting, press and hold operation, soft touch operations, and auto-retract system are likely to augment its popularity in the coming years. By application, the Automobile Sunroof Market Growth is segmented into sedan, SUV, hatchback, and others. Of these, the SUV segment is predicted to dominate the market, mainly due to the rising inclination of automotive OEMs towards the sale of SUVs. Moreover, technological advancements made in sunroof is likely to propel the market growth in the SUV segment. By the sales channel, the market is segmented into aftermarket and OEM. Of these, the OEM segment is predicted to dominate the market due to surging demand for new vehicles that are equipped with a sunroof. Regional Frontiers Geographically, the Automobile Sunroof Market Growth spans across Europe, North America, Asia Pacific, and the Rest of the World (RoW). Considering the global scenario, Europe is anticipated to acquire the lion’s share with 33.40%. Germany was identified as the largest market and touched a valuation of USD 1,263 million in 2017. The growth can be credited to the soaring demand for high-end vehicles, coupled with the surging consumer preference towards comfort features. This has resulted in the surging adoption of sunroofs in passenger cars. The presence of industry bigshots in the U.K., Germany, and France is benefiting the market growth. Consistent growth in vehicle production is further estimated to boost the market growth in the coming years. Production and sales of SUVs and premium vehicles are further fueling the market in Germany. Germany resonates strong opportunities for growth due to the growing emphasis on the overall appearance of the vehicle by the consumers and mounting demand for comfortable driving. The market in the Asia Pacific region is likely to expand at a rapid pace due to the soaring production and sales of passenger vehicles. Also, the surging preference for sunroof, especially

  3. among the younger generation is likely to trigger the demand from the market in the coming years. Get Full Report @ https://www.marketresearchfuture.com/reports/automotive-sunroof- market-7679 About Market Research Future At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions. In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members. Contact Market Research Future Office No. 528, Amanora Chambers Pune – 411028 Maharashtra, India Phone: +1646 845 9312 Email: sales@marketresearchfuture.com https://www.marketresearchfuture.com/press-release/automotive-sunroof-market https://www.alliedmarketresearch.com/automotive-sunroof-market https://www.transparencymarketresearch.com/automotive-sunroof-market-2018-2026.html https://netcomposites.com/news/polyscope-polymers-wins-jec-innovation-award-2019-for- automotive-sunroof-thermoplastic-composite-guide-rails/

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