Automotive Sunroofs Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025
Since the time automotive sunroofs have been introduced, their market has undergone many changes. Sunroofs available today are no longer compact, but much larger and attractive, available in many styles. The demand for large sunroofs is increasing and this will continue to so in the coming years. The global sunroof market is expected to rise from US$4,796.0 mn in 2016 to reach US$12,935.1 mn by 2025, exhibiting a CAGR of 11.8% during the period from 2017 to 2025. The rise in the number of electric vehicles is anticipated to boost the demand for automotive sunroofs.
Since the time automotive sunroofs have been introduced, their market has undergone many changes. Sunroofs available today are no longer compact, but much larger and attractive, available in many styles. The demand for large sunroofs is increasing and this will continue to so in the coming years. The global sunroof market is expected to rise from US$4,796.0 mn in 2016 to reach US$12,935.1 mn by 2025, exhibiting a CAGR of 11.8% during the period from 2017 to 2025. The rise in the number of electric vehicles is anticipated to boost the demand for automotive sunroofs.
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<strong>Automotive</strong> <strong>Sunroofs</strong> <strong>Market</strong>: Regional Outlook<br />
On the basis of geography, Asia Pacific is anticipated to witness the highest growth in the coming years by<br />
exhibiting a stupendous 12.6% CAGR during the forecast period. India <strong>and</strong> China are anticipated to be lucrative<br />
markets for automotive sunroofs <strong>and</strong> drive the Asia Pacific market towards growth. Europe is the world’s largest<br />
producer of vehicles <strong>and</strong> is this leading in the market, with key contributions to the revenue by Germany <strong>and</strong><br />
the U.K. North America will likely exp<strong>and</strong> at a steady pace. The Middle East is also estimated to be a lucrative<br />
market for automotive sunroofs. However, Africa <strong>and</strong> Latin America will witness a sluggish growth in the<br />
automotive sunroofs market.<br />
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