Market Size of Mexico Automotive Sunroof Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 10.00 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Mexico Automotive Sunroof Market Analysis
The Mexico Automotive Sunroof Market is expected to register a CAGR of 10% during the forecast period, 2020-2025.
- Owing to factors such as innovation in glass technology and rise in demand for safety, comfort, convenience features, rise in demand for premium cars, and better aesthetic appeal of the glass surface area in automobiles, including larger sunroofs, propel the growth of the automotive sunroof market.
- However, sunroofs tend to be expensive and add extra weight with the addition of an electric vehicle. These factors are of some of the limitations hindering the growth of the market. However, product and material innovations, and the evolution of sunroof technologies will help market growth. To augment the demand for sunroofs, vehicles are now fitted with tinted or UV-reflective glasses, to avoid unwanted heat and sunlight.
- According to the Mexican Association of the Automotive Industry (AMIA), the Mexican automotive production witnessed a 29% decline in June 2020 compared to the same period in 2019. However, this figure is a significant improvement compared to 98% and 94% declines in April and May in 2020.
