The Power Sunroof Market was valued at USD 4.67 Billion in 2016 and is projected to grow at a CAGR of 10.81% to reach 11.60 Billion by 2025 during the forecast period. The base year considered for the study is 2016 and the forecast period is 2017–2025.
Factors such as growing demand for premium vehicles and greater glass surface area in automobiles, advancements in glass technology and increasing consumer preference towards power sunroof in developing nations are driving the growth of the power sunroof market.
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The power sunroof market is projected to grow at a CAGR of 10.81% during the forecast period and is projected to reach USD 11.60 Billion by 2025. The market growth of power sunroof can be attributed by growing need to control light inside vehicle, growing demand for premium vehicles, and greater glass surface area in automobiles. Additionally, advancements in glass technology and increasing consumer preference toward power sunroof in developing nations are further boosting the demand for power sunroof market globally.
Glass is estimated to be the leading segment by material type, in terms of both volume and value, because of technological advancements in glass, innovations in the solar sunroof segment, and increasing demand for panoramic sunroof.
The power sunroof market ecosystem consists of manufacturers such as Webasto (US), Inalfa Roof Systems (Netherlands), Inteva (US), Magna International (Canada), and Aisin Seiki (Japan). The power sunroofs are supplied to major OEMs in the automotive industry, including Toyota Motor Corporation (Japan), General Motors (US), Honda Motor Co., Ltd. (Japan), and others.
Target Audience for Power Sunroof Market
· Sunroof suppliers
· Raw material suppliers
· Automotive OEMs
· Distributors and suppliers of power sunroof
· Industry associations and experts
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