Fiber Sunroofs Market Report

Market Insights

The Fiber Sunroofs Market estimated to grow from USD xx billion in 2020 to USD xx billion by 2026 at a healthy CAGR of xx% during the forecast period.

Figure: Fiber Sunroofs Market Size, 2020-2026 (USD Million)

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What is Fiber Sunroofs?

Fiber sunroofs can be defined as a sunroof made using fiber. A sunroof is a window in the roof of vehicles which has the ability to pop open to reveal the sky. Based on type it can be categorized as foldable and removable. It is being widely used in various applications including automobiles and trucks among others.

Covid-19 Impact Analysis

The outbreak of COVID-19 significantly impacted the materials supply chains, international trade, and manufacturing operations across the world. The production of fiber sunroofs declined amidst the COVID-19 pandemic as the market players had to shut production facilities or operate the facilities below the optimal production capacities to avoid the spread of the coronavirus. Significant decline in the growth of the automotive industry further affected the market growth.

Key Players

Key players operating in the Fiber Sunroofs Market are-

• Northwind Composites, LLC (US)
• American Sunroof Corp (US)
• Webasto Aftermarket Sunroofs (Germany)
• VAC Motorsports (US)
• NSG Group (UK)
• Inalfa Roof Systems Group B.V. (Netherlands)
• Aisin Corporation (Japan)
• Johnan America Inc. (US)

Market Dynamics

The growth of fiber sunroofs market size is primarily driven by widespread product usage in automotive industry. Increasing automobile production with surge in demand for passenger vehicles is likely to propel the market growth at a significant rate during the review period. Growing demand for armored vehicles is expected to add to the market growth substantially. In addition to this, increasing demand for sunroofs with improved features is likely to create lucrative opportunities for the players operating in the global market during the review period.

Segment’s Analysis

Application Trends

Based on application, the fiber sunroofs market has been divided into automotive, aeronautics, railway industries, trucks, armored vehicles and others.  The automotive application accounted for the largest market share in 2020. The segment growth can be attributed to increasing demand for passenger vehicles across the geographies.

Regional Trends

By region, the North America Fiber Sunroofs market accounted for the largest share in 2020 and is expected to grow at a significant CAGR during the review period. The regional market growth can be attributed to the widespread product adoption rate in various vehicles including automobiles, armored vehicles, and aeronautics in the region particularly in the US. The market growth in Asia-Pacific region is expected to grow at a highest CAGR during the review on account of increasing product demand particularly in India and China.

Critical Questions Answered in the Report

This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the fiber sunroofs market. The historic years considered for the study are 2016-2019, base year is 2020, estimated year is 2021, and forecast period is 2022-2026. Following are the critical questions answered in the report.

• What are the key trends in the Fiber Sunroofs market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in next five years?
• What is the impact of COVID-19 on Fiber Sunroofs market?
• What are the key strategies adopted by the major vendors to lead in the Fiber Sunroofs market?
• What is the market share of the top vendors?

Target Audience

The target audience of Fiber Sunroofs Market includes-

• Fiber Sunroofs Vendors
• Fiber Sunroofs Manufacturers
• Fiber Sunroofs Distributors
• Organizations
• Government Bodies

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