Tag Archives: Automotive Sunroofs Market Size

Automotive Sunroofs Market : Key Players and Production Information analysis

The global automotive sunroof market is currently being driven by the rising consumer demand for safety and comfort. Increasing disposable incomes are allowing a greater number of consumers to afford high-end luxury cars, while technological advancements in architecture and materials is allowing lower range cars to be optionally fitted with quality sunroofs. Both factors are likely to provide a substantial impetus to the global automotive sunroof market over the coming years.

The overall global automotive sunroof market was calculated at US$4.3 bn in 2015 and is projected to reach US$11.4 bn by the end of 2024, after expanding at a CAGR of 11.5% within a forecast period from 2016 to 2024.

Global Automotive Sunroofs Market: Premium Car Sales on the Rise, notes TMR

The global automotive sunroof market is currently being driven by the rising consumer demand for safety and comfort. Increasing disposable incomes are allowing a greater number of consumers to afford high-end luxury cars, while technological advancements in architecture and materials is allowing lower range cars to be optionally fitted with quality sunroofs. Both factors are likely to provide a substantial impetus to the global automotive sunroof market over the coming years. The global automotive sunroof market is also being propelled by the increasing development of passenger cars in general. However, the market is currently being stifled by utility issues such as the crushing of sunroofs during accidents or due to manufacturing defects. The installation of sunroofs also increases the overall maintenance cost of a car, making it an unwanted feature for low-end car buyers.