Automotive Sunroofs Market to Record an Exponential CAGR by 2024
The vendor landscape of the global automotive sunroof market features several big as well as small player, however large public listed companies dominate, observes Transparency Market Research (TMR) in a recent report. The report states that the leading five vendors in the market, namely Aisin Seiki Co Ltd., Yachiyo Industry Co. Ltd., Valmet Automotive, Webasto SE, and Mitsuba Corporation, collectively held a nearly 64% of the overall market in 2016. With opportunities significantly rising in the sector of electric and hybrid cars, a number of companies are foraying into the segment of solar sunroofs. Product innovation, technological advancements, and acquisitions are the key competitive strategies adopted by the players in the automotive sunroofs market. The market is expected to witness a surge in the number of acquisitions as large companies will acquire small players to expand their product portfolios and geographical reach. Expansion of manufacturing facilities ...