The Global Automotive Sunroof Market was worth US$ 7.34 billion in 2022 and is anticipated to reach a valuation of US$ 11.29 billion by 2028 and is predicted to register a CAGR of 9.00% during 2023-2028.
Automotive Sunroof is most commonly known as a panel on the roof of a car that either slides back or it can be taken out to allow the light, air, or both to come into a vehicle, according to USNews.com. According to MotorTrend.com, a sunroof was traditionally an opaque panel that matched the colour of the car's body; these are the main factors that have considerably increased the demand for the in the Automotive Sunroof market, thereby driving the huge growth of the Automotive Sunroof market in the upcoming years
Market Drivers and Restraints:
The main factors that have considerably increased the demand for Automotive Sunroofs in the market are mainly the huge rise in passenger vehicle sales in the conjunction with the increase in the per capita income and consumer spending toward effective ventilation and brighter vehicle interiors to enhance the overall driving experience will positively influence the industry demand. Moreover, new technological advancements in sunroof materials drive automotive sunroof demand; these are the main factors that have considerably increased the demand for the in the Automotive Sunroof market, thereby driving the huge growth of the Automotive Sunroof market in the upcoming years
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The report is segmented as:
Automotive Sunroof Market is segmented on the basis of material; Automotive Sunroof Market is segmented on the basis of type:
* Automotive Sunroof Market is segmented on the basis of material into Glass, Fabric; Vehicle Type - Passenger Vehicle, Commercial Vehicle
* Automotive Sunroof Market is segmented on the basis of type into Pop-up Type, Spoiler Type, Panoramic Sunroof, Inbuilt Sunroof, and Foldable Sunroof
Geographical Segmentation:
Automotive Sunroof Market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa, and the rest of the world. Asia Pacific has the dominant share in the Automotive Sunroof is due to the increase in the adoption of electric vehicles the main factors that have considerably increased the demand for the Automotive Sunroof in the Asia Pacific region, followed by Europe, North America, Latin America, and Middle East & Africa will register a slower increase in the Automotive Sunroof Market.
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Impact of COVID-19 on the Market
COVID-19 started at the end of 2019 in Wuhan china; this has affected many industries from different sectors in various countries and also affected the Automotive Sunroof market. The covid-19 pandemic has impacted hugely the sales revenue of the Automotive Sunroof market. The government restrictions like lockdown in many countries have stopped the production of products by manufacturing companies, In recent days relaxations in restrictions by the government and people getting vaccinated to stop the spread of corona virus are expected to raise the Automotive Sunroof market growth
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