Global Automotive Sunroof Market to Reach $13.55 Billion by 2025: AMR

Innovations in glass technology and surge in demand for safety, convenience, and comfort features drive the growth in the global automotive sunroof market. Based on regions, Europe accounted for more than one-third of the total market share and is expected to maintain its leadership position throughout the forecast period. However, Asia-Pacific is expected to achieve the largest growth rate with a CAGR of 12.9% from 2018 to 2025.

Portland, OR, Aug. 22, 2019 (GLOBE NEWSWIRE) -- According to the report by Allied Market Research, the global automotive sunroof marketgarnered $7.09 billion in 2017, and is estimated to reach $13.55 billion by 2025, registering a CAGR of 9.7% from 2018 to 2025. The research provides a detailed analysis of changing market dynamics, key investment pockets, competitive scenario, major segments, and key market players.

Innovations in glass technology and surge in demand for safety, convenience, and comfort features drive the growth in the market. However, increase in integration & maintenance costs and low penetration of power sunroof for low segment vehicles hinder the growth in the industry. On the other hand, rise in penetration of solar sunroof for electric vehicles and surge in sales of automotive vehicles create new opportunities in the industry.