BANGALORE, November 17, 2015 /PRNewswire/ --
Mordor Intelligence announces the publication of the their report on the Global Automotive Sunroof Market segmented by Type - By Vehicle Type - By Geographical Region -Drivers, Restraints, Vendor Profiles, Global Market Size, Forecasts & Analysis (2015-2020).
The Global Automotive Sunroof market is growing at a Compounded Annual Growth Rate (CAGR) of 7% during the forecasted period 2015-2020. 1 in 10 individuals now prefer to have a sunroof system employed in their automotive. The automobile makers, having understood this new trend, are now offering either built-in or optional sunroof systems to mid or premium segment cars. Growing alternative fuel vehicle segment propelled the automotive innovators to invent the sunroof with built in solar cells that powers the vehicle.
Automotive vehicle production has been growing rapidly with a substantial increase in global population and vehicle owning household. The demand for sunroof system as an after sale customization witnessed a spike in popularity, especially among the younger population in Asian countries. These factors greatly influenced the rebound of sunroof systems and in turn propelled the market for the former globally.
Europe dominates the sunroof market throughout the forecasted period followed by North America and Asia Pacific region. Tilt 'n slide was the largest segment in 2015 and together with built-in type accounted for more than 55% of the overall market. Panoramic sunroof is the fastest growing segment, which will dominate the market by the end of 2020. The market for glass sunroof constituted over 70% of the overall sunroof market share and this is expected to reach over 80% by 2025 due to latest innovations in the field of solar sunroofs for electric vehicles and panoramic sunroof segment.
Get the Full Report Here: Automotive Sunroof Market
The major segmentation in the report includes the market estimates by type of roof system such as Glass type (Pop-up type, built-in-type, tilt 'n slide, top mount type, panoramic type, solar type) and fabric type (fold-able type, removable type). The report provides an in-depth analysis of the Automotive Sunroof market across different Geographical regions namely North America, Europe, Asia Pacific, Latin America and Africa & Middle-East along with further country-wise segmentation. The Automotive Sunroof Market in the report is also segmented on the basis of vehicle type such as Hatchback, Sedan cars, Premium cars and other automobiles.
The Automotive Sunroof market report includes competitive vendor landscape while considering major companies such as Webasto Roof Systems Inc., Inteva Products and Inalfa Roof Systems Group. The other key players in the market include ACS France SAS, Mitsuba Corp., Yachiyo Industry Co. Ltd., Automotive Sunroof Company, Evana Automation, Kuber Automotive, Erickson Auto Trim, LLC and Others.
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SOURCE Mordor Intelligence LLP