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Convertible Roof System Market by Rooftop, Vehicle Class, Body, EV, Material, Propulsion And Region - Global Forecast to 2025

Convertible Roof System Market: Global Forecast until 2025

  • April 2018
  • 127 pages
  • ID: 5377123
In this report:
The convertible roof system market size of the Roadster/Sports car segment is estimated to be ##.## thousand units in 2018 and is expected to reach ##.## thousand units by 2025, growing at a CAGR of ##.##% during the forecast period.
The luxury segment of the automotive convertible roof system market is expected to grow at a CAGR of ##.##%, to reach ##.## thousand units by 2025.


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Growing sales of premium vehicles in developed regions and the increasing demand for electric and hybrid vehicles across the world to fuel the convertible roof system market.

The overall convertible roof system market is estimated to rise at a compound annual growth rate of ~6.8 percent, from 2018 to 2025, to attain ~$2.1B by 2025 from ~$1.3B in 2018. The main factors driving the increase of the market contain advances in material technology and rising consumer preference for convertible roof systems. On the other hand, difficulty in meeting government fuel efficiency norms and high costs of regular maintenance may pose challenges to the increase of the convertible roof system market.

The SUV segment is intended to grow at the quickest pace.

The convertible roof system market for SUVs, by quantity, is forecasted to grow at the maximal rate during the estimate period. The rise of the convertible roof system market can be accredited to the increased production and demand for SUVs across the world.

Growing demand for premium vehicles and comfort features would drive the convertible roof system market in Europe (EU).

EU is expected to account for the biggest share, by value and quantity, of the convertible roof system market in 2018.Also, in terms of increase, the sector in Asia-Pac is expected to grow at the highest compound annual growth rate (CAGR), during the outlook period.

Developing economies including China and India (IN) are anticipated to play a main role in the growth in vehicle production in the territory. Also, the rising installation of convertible roof systems in vehicles including SUVs and sedans/hatchbacks would drive the industry demand for convertible roof systems.

The market research includes insights of several industry experts, ranging from component suppliers to Tier n1 firms and Original equipment manufacturers. The break-up of the primaries is like:

• By Company category: Tier 1 42.0 percent, Tier 2 40.0 percent, OEM- 18.0 percent

• By Description: C-level- 57.0 percent, D-level- 29.0 percent, Others- 14.0 percent

• By Area: North America (NA)- 28.0 percent, EU- 27.0 percent, Asia Pacific- 34.0 percent, RoW- 11.0 percent

Segment Research

The document breaks down the convertible roof system market and forecasts its size, by quantity and value, on the basis of area (Asia Pacific (APAC), Europe (EU), North America continent, and RoW), electric vehicle type (BEV, HEV, PHEV, and FCEV), body style type (sedan/hatchback, SUV, and roadster/sports car), material type (PVC, carbon fiber, aluminum, and others), vehicle class type (luxury vehicles and semi-luxury vehicles), roof top type (hardtop and soft top), and propulsion type (ICE and EV).

Why Purchasing This Study Can Help You:

This industry report includes different levels of analyses, including industry analyses, competitive leadership mapping, and company descriptions, which together offer the basic overviews on the emerging and high-growth segments of the convertible roof system market; high-growth areas and territories; government actions; and market dynamics including drivers, market restraints, alternatives, and opportunities.

The study allows new sector entrants and smaller companies to comprehend the industry better to help them acquire a larger market share. Companies obtaining the analysis could use any one or an aggregation of the below-mentioned four strategies (industry development, product improvement/innovative projects, industry diversification, and opposing assessment) to enhance their positions in the sector.

The market research offers business insights into the following parts:

• business entry: The industry report affords Exhaustive information about the convertible roof system market and the most important 10 market actors in the industry.

• Product Development/Innovative products: The study offers in-depth understanding into up-on-coming technologies and recent product launches in the convertible roof system market.

• Market Development: The analysis examines the sector for convertible roof systems across localities and offers highlighted information about profitable emerging sectors.

• industry diversification: The market research offers complete information about recent products, untapped regional sectors, recent evolutions, and market investments in the convertible roof system market.

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