According to the latest report by IMARC Group, titled “Automotive Sunroof Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global automotive sunroof market size reached of US$ 9.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 14.7 Billion by 2027, exhibiting a growth rate (CAGR) of 8% during 2022-2027.
An automotive sunroof is a panel in the roof of a vehicle that can be opened manually or by an electric motor actuated by a switch on the dashboard. It improves the overall aesthetics, provides ventilation, and adds value to an automobile.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
With the elevating incomes, there has been a rise in consumer expenditure on effective ventilation and brighter vehicle interiors for enhancing the overall driving experience. This represents the primary factor propelling the global automotive sunroof market. Besides this, several leading automobile manufacturers are upgrading the design of the automotive sunroof by utilizing advanced materials. They are also introducing solar automotive sunroof, which is a cost-efficient and sustainable technology impelling the market growth. Moreover, technological advancements, such as the launch of a sunroof with integrated sensors and related thermo and cleaning systems, are also expected to provide a favorable market outlook. q
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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