Automotive Sunroof Market Estimation, Global Share, Industry Outlook, Price Trend, Growth Opportunity and Top Regional Forecast 2025
Selbyville, Delaware, United States, November 20 2020 (Wiredrelease) Global Market Insights, Inc :Rising automotive sales and growing consumer preference for vehicles with improved aesthetics advanced features will fuel automotive sunroof market outlook. Consumers have also been exhibiting preference for improved glass technologies like scratch resistant and toughened unbreakable glass which will help automotive sunroof industry size to expand. According to the latest research report by Global Market Insights Inc., automotive sunroof market share is anticipated to record valuation of $40 billion by 2025.
Automotive sunroof industry players have been continuously investing in research and development activities for developing advanced safety features for sunroofs and expanding annual revenue share. For example, in 2017, Hyundai Mobis introduced a panoramic sunroof airbag system which provides enhanced protection to driver and passengers in accident. Such advanced systems being developed by market players will boost global automotive sunroof market size.
Request sample copy of this report @ https://www.gminsights.com/request-sample/detail/152
Growth in sales of electric vehicles has been potentially backing automobile OEMs to integrate recharging capabilities and solar panels in sunroofs. Installation of such equipment aims to improve vehicle driving range and decrease charging time considerably. In addition, superior protection from UV rays and suitable glass tinting will further accelerate automotive sunroof industry size over 2019-2025.
Automotive sunroof market forecast report has predicted that glass sunroof segment is expected to register substantial growth over the coming years. The growth can be accredited to the availability of a wide range of glass sunroofs at diverse price range. Furthermore, easy accessibility to tempered and laminated glass with exceptional UV protection and potential to maintain an optimum car interior temperature will further expand glass sunroof segment share. Thus, enhancement of automotive sunroof industry trends will be significantly contributed to by glass sunroof segment growth.
Request for customization @ https://www.gminsights.com/roc/152
Automotive sunroof industry from panoramic sunroofs has been anticipated to account for a considerable volume share by 2025. The segmental growth can be attributed to the growing adoption of such sunroofs in high-end and premium models. The bigger sunroof size and premium experience in vehicles will enhance automotive sunroof market outlook. Automobile OEMs have been introducing new models with panoramic sunroofs to increase their sales statistics. For example, in April 2019, MG Motors has reportedly announced Hector SUV which has the largest panoramic sunroof in its segment. The launch of such automobiles with advanced and larger panoramic sunroofs will expand automotive sunroof industry size.
OEMs are going to account for majority of the overall revenue share in automotive sunroof industry share over the forecast timeline. The segmental growth can be attributed to the intensifying focus of automakers for introducing and upgrading present vehicles with sunroofs. Also, enhancing trends of integrating high end aspirational features in lower and mid segment automobiles will surge automotive sunroof market share.
Asia Pacific automotive sunroof market share is anticipated to account for a considerable revenue share over 2019-2025. The regional growth can be attributed to the presence of key automobile OEMs and sunroof manufacturers across the region. Also, multiple vehicles are available easily in the APAC region at diverse price range with luxurious and premium features. The favorable regional landscape is likely to propel automotive sunroof market size over the projected timeframe.
This content has been published by Global Market Insights, Inc company. The WiredRelease News Department was not involved in the creation of this content. For press release service enquiry, please reach us at email@example.com.