Automotive Solar Sunroof Market Size : Global Industry Demand,Historical Growth
Posted by DenMark on November 16th, 2017
Growing Environmental Concerns Coupled with Stringent Government Norms to Curb the Greenhouse Gases is Envisioned to Flourish the growth of Automotive Solar Sunroof Market by the end of 2024, according to Research Nester
The global automotive solar sunroof market is segmented into vehicle type such as passenger car, commercial vehicle, electric vehicles and others. Among these segments, electric vehicles segment is believed to seize a notable CAGR during the forecast period. Likely, high adoption rate of electric vehicles on the back of environmental concerns and supportive government initiatives are projected to foster the growth of global automotive solar sunroof market. In addition to this, growing demand for renewable source of energy to power vehicles is also predicted to propel the market of automotive solar sunroof.
Global automotive solar sunroof market is expected to mask a significant CAGR over the forecast period. Additionally, the market is riding on the back of rapid urbanization along with swift technological advancement in automotive industry. .Moreover, the global automotive solar sunroof market is anticipated to generate noteworthy revenue by the end of 2024.
In terms of regional platform, Europe region accounted for the biggest market of automotive solar sunroof in 2016 aided by Western Europe countries such as Germany, U.K. and others. The growth of Europe region is attributed to vast expansion of automotive sector and rising demand for eco-friendly energy sources. Apart from this, Asia-Pacific region is the fastest growing market of automotive solar sunroof due to presence of biggest automotive industry. Moreover, rising fuel prices is also boosting the growth of automotive solar sunroof market.
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Mounting Government Rules and Regulations
Growing government rules and legislations to limit the greenhouse gases across the globe is predicted to foster the growth of automotive solar sunroof market. In addition to this, various countries have taken initiatives to cut down its carbon emission to 20% by 2020. Moreover, numerous countries are implementing regulation to increase the share of energy consumption produced by renewable energy such as solar, wind and biomass by 2024 which is likely to positively impact the growth of automotive solar sunroof market.
Robust Expansion of Automotive Industry
Increasing demand for innovative and eco-friendly fuel operated vehicles and growing adoption green mobility vehicle concept are some of the factors anticipated to flourish the growth of automotive solar sunroof market. Furthermore, it helps to reduces fuel consumption and cuts CO2 emission. This factor is also expected to augment the demand for automotive solar sunroof. On the contrary, high cost associated with automotive solar sunroof is projected to dampen the growth of Automotive Solar Sunroof Market.
The report titled “Automotive Solar Sunroof Market: Global Historical Growth (2012-2016) & Future Outlook (2017-2024) Demand Analysis & Opportunity Evaluation” delivers detailed overview of the global automotive solar sunroof market in terms of market segmentation by type, by load capacity, by end-user and by region. Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
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This report also provides the existing competitive scenario of some of the key players of the global automotive solar sunroof market which includes company profiling of Panasonic, Webasto, A2-solar , Primerautoglass, Cruise Car, Energies-Sol and Solar Drive. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global automotive solar sunroof market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision so as to avoid future uncertainties.
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About the AuthorDenMark
Joined: September 16th, 2017
Articles Posted: 265
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