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Convertible Roof System Market research report categorizes the global market by Rooftop (Hardtop, Soft Top), Vehicle Class (Luxury, Semi-Luxury), Body (Sedan, SUV, Roadster), EV (BEV, HEV, PHEV, FCEV), Material (PVC, Carbon Fiber, Aluminum), Propulsion (ICE, EV), and Region.
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Convertible Roof System Market by Rooftop, Vehicle Class , Body, EV Material, Propulsion and Region - Global Forecast to 2025 www.MarketsandMarkets.com
Convertible Roof System Market by Rooftop (Hardtop, Soft Top), Vehicle Class (Luxury, Semi-Luxury), Body (Sedan, SUV, Roadster), EV (BEV, HEV, PHEV, FCEV), Material (PVC, Carbon Fiber, Aluminum), Propulsion (ICE, EV), and Region - Global Forecast to 2025 Factors such as the growing demand for premium vehicles, advances in material technology, and increasing consumer preference for convertible roof systems in developing nations are driving the growth of the market. The convertible roof system market was valued at USD 1.14 Billion in 2017 and is projected to grow at a CAGR of 6.77%, during the forecast period, to reach 2.11 Billion by 2025. PDF Brochure : https://www.marketsandmarkets.com/pdfdownload.asp?id=261223604
Hardtop-A high growth market The global convertible roof system market, by rooftop type, is expected to be dominated by the soft top segment. Soft tops are mostly preferred by consumers since they offer all-round visibility and maximum ventilation. The hardtop segment is projected to grow at the highest CAGR, during the forecast period, as these systems provide increased structural rigidity over soft tops. Convertible roof system manufacturers have also started working on material technology to reduce fuel consumption and carbon emissions by vehicles. The lightweight technology from Webasto features polyurethane (PU) composite material. Request for Customization: https://www.marketsandmarkets.com/requestCustomization.asp?id=261223604
Sedan/Hatchback-Promising segments for convertible roof system manufacturers Sedan and hatchback cars have been grouped together in this study of the convertible roof system market. This body style segment is the most promising market for convertible roof systems as it is the largest segment of the automotive industry and convertibles roofs are mostly used in these vehicles to provide a stylish look. Automakers provide convertible roof systems in 1 or 2 variants of models based on which the price of the vehicle increases or decreases. Request Sample @ https://www.marketsandmarkets.com/requestsample.asp?id=261223604
Europe: Largest market for convertible roof systems Europe is estimated to account for the largest share, by value and volume, of the convertible roof system market in 2018. In terms of growth, the market in Asia Pacific is projected to grow at the highest CAGR during the forecast period. Developing economies such as China and India are expected to play a major role in the increase in vehicle production. Also, the increasing installation of convertible roof systems in vehicles such as sedans/hatchbacks and SUVs driving the market in Asia Pacific. Speak to analyst @ https://www.marketsandmarkets.com/speaktoanalyst.asp?id=261223604
Market Ecosystem: The convertible roof system market ecosystem consists of manufacturers such as Webasto (US), Magna International (Canada), and Valmet Automotive (Finland). Convertible roof systems are supplied to major OEMs in the automotive industry, including Toyota (Japan), General Motors (US), and Honda (Japan).
Browse >> 78marketdata tables 45figures 138 pagesand in-depth TOC on “Convertible Roof System Market - Global Forecast to 2025” Early buyers will receive 10% customization on this report. This is a Premium Report Priced at US $5650 for single user. Corporate User : US$8150 This study answers several questions for the stakeholders, primarily which market segments to focus on in the next two to five years to prioritize efforts and investments.
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