Global Convertible Roof System Market, By Rooftop (Hardtop, Soft Top), Vehicle Class (Luxury, Semi-Luxury), Body (Sedan, SUV, Roadster), EV (Battery Electric Vehicle (BEV), Hybrid Electric Vehicle (HEV), Plug-In Hybrid Vehicle (PHEV), Fuel Cell Electric Vehicle (FCEV)), Material (Polyvinyl Chloride (PVC), Carbon Fiber, Aluminum), Propulsion (Internal Combustion Engine (ICE), Electric Vehicle (EV)), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Convertible Roof System Market
The convertible roof system market is expected to witness market growth at a rate of 9.77% in the forecast period of 2021 to 2028. Data Bridge Market Research report on convertible roof system market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth.
Vehicles with convertible roof systems can run with or without a roof in place. The methods of retracting the roof may be different between the models. A convertible permits an open air driving experience, with the ability to provide a roof when required. Customers prefer the classic and sporty look design of vehicles. Head room is another advantageous feature in a convertible. Without a roof and door frames, passenger probably able to see more around. Therefore, greater visibility while travelling is possible with help of convertibles.
Major factors that are expected to boost the growth of the convertible roof system market in the forecast period are the upsurge in the demand for premium vehicles and the inventions in the materials to create the convertible roof system. On the other hand, the growing penetration of the panoramic sunroof and the little penetration of the convertible roof system in mid segment vehicles are further anticipated to impede the growth of the convertible roof system market in the timeline period.
In addition, the escalating penetration of the convertible roof system in SUV will further offer potential opportunities for the growth of the convertible roof system market in the coming years. However, the struggle in fulfilling the government fuel productivity norms and the increase in the price of regular maintenance might further challenge the growth of the convertible roof system market in the convertible roof system market in the near future.
This convertible roof system market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the convertible roof system market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Convertible Roof System Market Scope and Market Size
The convertible roof system market is segmented on the basis of rooftop, vehicle class, body, electric vehicle, material and propulsion. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of rooftop, the convertible roof system market is segmented into hard top, soft top.
- On the basis of vehicle class, the convertible roof system market is segmented into luxury vehicle, semi-luxury vehicle.
- On the basis of body, the convertible roof system market is segmented into sedan, SUV, roadster.
- On the basis of electric vehicle, the convertible roof system market is segmented into (battery electric vehicle (BEV), hybrid electric vehicle (HEV), plug-in hybrid vehicle (PHEV), fuel cell electric vehicle (FCEV).
- On the basis of material, the convertible roof system market is segmented into polyvinyl chloride (PVC), carbon fiber, aluminum.
- On the basis of propulsion, the convertible roof system market is segmented into internal combustion engine (ICE), electric vehicle (EV).
Convertible Roof System Market Country Level Analysis
The convertible roof system market is analysed and market size, volume information is provided by country, rooftop, vehicle class, body, electric vehicle, material and propulsion as referenced above.
The countries covered in the convertible roof system market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Europe dominates the convertible roof system market due to the trend of participating in the additional features for augmenting the comfort and driving experience. Furthermore, the upsurge in the in premium vehicle sales will further boost the growth of the convertible roof system market in the region during the forecast period. Asia Pacific is projected to observe significant amount of growth in the convertible roof system market due to the growing connection of convertible roof systems in vehicles, like SUVs and sedans/hatchbacks. Moreover, the increasing popularity of convertible roof systems in luxury vehicles is further anticipated to propel the growth of the convertible roof system market in the region in the coming years.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Convertible Roof System Market Share Analysis
The convertible roof system market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to convertible roof system market.
The major players covered in the convertible roof system market report are GAHH, LLC, THE HAARTZ CORPORATION, Standex International Corporation., Yachiyo Industry Co., Ltd., Pininfarina S.p.A., Continental AG, Valmet Automotive, Magna International Inc., Covestro AG, Kee Auto Top., AISIN CORPORATION, Webasto Group, BOS GmbH & Co. KG, Inteva Products, HOERBIGER Holding AG, Robbins Auto Top, Inalfa Roof Systems Group B.V., CIE Automotive, E-Z ON Auto Tops, Inc., Motherson., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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