NEW YORK, July 20, 2017 (GLOBE NEWSWIRE) -- According to a new market research report “Global Automotive Sunroof Market Size, Share, Development, Growth and Demand Forecast to 2022 – Industry Insights by Material Type (Glass Sunroof, Fabric Sunroof), by Vehicle Type (Premium Cars, SUV, Sedan Cars, Hatchback, Others)” published by P&S Market Research, the global automotive sunroof market was valued at $4,924.5 million in 2015, and it is expected to grow at a CAGR of 10.9% during 2016 - 2022.
The factors driving the growth of the global market includes growing need to control light inside vehicle, growing demand for premium cars, and greater glass surface area in automobiles, including larger sunroofs. Additionally, the development of technology for reducing cost and expanding functionality of sunroof glasses and increasing consumer preference towards automotive sunroof vehicles in developing nations are expected to further propel the global demand of automotive sunroof.
Browse Detailed Information on Automotive Sunroof Market: https://www.psmarketresearch.com/market-analysis/automotive-sunroof-market
Automotive sunroof refers to any roof opening in vehicle, such as one with a retractable metal panel. Modern sunroof consists of around 200 parts, and vehicle maker now use them and other roof system to help differentiate product offering to customers. Consumers now expect an increasingly high level of comfort in their cars, particularly where air conditioning and sun roof are concerned. Such equipment is no longer the exclusive domain of luxury cars. As the market is becoming increasingly competitive, vehicle makers are using sunroofs and other roof systems to help differentiate the product offering to customers. The demand for sunroof as an after sales market has also contributed to the growth of the global automotive sunroof market. The growing alternative fuel vehicle segments have forced the automotive innovators to develop sunroofs with built-in solar cells, which provide power to vehicles. The preference of car involving a sunroof is a major trend witnessed in the automotive sunroof market during the last few years.
In 2015, Europe held the largest share in the global automotive sunroof market. The automotive sunroof market in the region is anticipated to grow significantly during the forecast period. The major reasons behind the growth of the automotive sunroof market are strict environment regulations, increasing demand for electric vehicles, and growing need to control light inside vehicle. Asia-Pacific held the second largest share in the global market and it is also expected to witness the fastest growth during the forecast period. The demand for automotive sunroof in Asia-Pacific is expected to increase rapidly, owing to growing base of automotive industry, and increasing demand for luxurious and premium cars. Moreover, the governments of emerging economies of China, India, South Korea, and Thailand are providing incentives and industry friendly environment, which is attracting huge investment from automotive manufacturer for setting up new manufacturing plants in the region.
Request for Sample Pages: https://www.psmarketresearch.com/market-analysis/automotive-sunroof-market/report-sample
Some of the major companies operating in the global automotive sunroof market include Webasto SE, Johnan America, Inc., Automotive Sunroof Company, Nippon Sheet Glass Co. Ltd., Yachiyo Industry Co., Ltd., Corning Inc., Meritor Inc., Aisin Seiki Co., Ltd., Inteva Products, LLC, and Inalfa Roof Systems Group B.V.
Browse Related Research at:
Automotive Window and Sealing Systems Market
The global automotive window and sealing systems market is expected to grow significantly, during the forecast period, owing to increase in global GDP and rapid growth in developing countries such as India, Korea and China. Increase in R&D expenditure and effective implementation of government policies and regulations in the auto industry is another emerging trend in global automotive window and sealing systems market.
https://www.psmarketresearch.com/market-analysis/automotive-window-and-sealing-systems-market
Armored Vehicles Market
The global market for armored vehicles is expected to witness a CAGR of 5.8% during the forecast period (2017-2023) due to their growing civilian use for self-defense and safety, rising number of wars and cross-border disputes and increasing rate of terrorism worldwide. Based on technology, active mine system is expected to be the largest segment in the global armored vehicles market during the forecast period.
https://www.psmarketresearch.com/market-analysis/armored-vehicles-market
Automotive Air Suspension System Market
The global automotive air suspension system market was valued at $4,963.6 million in 2015, and it is expected to grow at a CAGR of 7.6% during 2016 - 2022. In 2015, Europe accounted for the largest share in the global automotive air suspension system market; whereas the market in Asia-Pacific is expected to grow at the fastest rate, during the forecast period. The growth of the market in the Asia-Pacific is driven by increasing disposable incomes of people and growing demand for fuel efficient vehicles.
https://www.psmarketresearch.com/market-analysis/automotive-air-suspension-system-market
About P&S Market Research
P&S Market Research is a market research company, which offers market research and consulting services for various geographies around the globe. We provide market research reports, industry forecasting reports, business intelligence, and research based consulting services across different industry/business verticals.
As one of the top growing market research agency, we’re keen upon providing market landscape and accurate forecasting. Our analysts and consultants are proficient with business intelligence and market analysis, through their interaction with leading companies of the concerned domain. We help our clients with B2B market research and assist them in identifying various windows of opportunity, and framing informed and customized business expansion strategies in different regions.
Contact:
Kundan Kumar
Manager – Client Partner
347, 5th Ave. #1402
New York City, NY - 10016
Toll-Free: +1-888-778-7886 (USA/Canada)
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com