Report ID: SQMIG25A2183
Report ID:
SQMIG25A2183 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
91 |
Figures:
76
Global Automotive Sunroof Market size was valued at USD 4.97 billion in 2022 and is poised to grow from USD 5.64 billion in 2023 to USD 13.40 billion by 2031, growing at a CAGR of 13.4% in the forecast period (2024-2031).
Global car sunroofs have changed consumer preferences and demands in recent years, improving driving experience, aesthetics, and the growing trend towards premium and luxury vehicles.
Sunroofs have become a popular feature in modern cars because they provide natural light, ventilation, and a sense of openness in the vehicle. In addition, as consumer disposable incomes increase, especially in developing economies, and personal incomes increase, there is an increased willingness to invest in vehicles with additional features such as sunroofs. In addition, middle-income households increase the demand for more sophisticated and comfortable vehicles.
However, the biggest challenge to market growth is the complexity of installing sunroofs, maintenance issues, and additional costs associated with these features.
In addition, demand for sunroof vehicles may be affected by the auto industry and susceptibility to economic downturns and fluctuations in consumer spending.
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Report ID: SQMIG25A2183