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The automotive convertible roof system market share is expected to increase by USD 508.85 million from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 5.89%.
The market research report provides valuable insights into the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the market segmentation by type (soft top and hard top) and geography (Europe, North America, APAC, South America, and MEA).
The automotive convertible roof system market report also offers information on several market vendors, including Aisin Seiki Co. Ltd., CIE Automotive SA, Continental AG, GAHH LLC, HOERBIGER Holding AG, Magna International Inc., Pininfarina Spa, Standex International Corp., Valmet Automotive Inc., and Webasto SE among others.
Aisin Seiki Co. Ltd. - The company offers convertible roof systems as a part of body-related products. The AISIN Seiki Group segment manufactures automotive parts, lifestyle, and energy-related products, construction and engineering-related products, and oils.
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Technavio categorizes the global automotive convertible roof system market as a part of the global auto components and accessories market. Our research report extensively covers external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the automotive convertible roof system market during the forecast period.
Based on our research output, there has been a negative impact on the market growth during and post-COVID-19 era. The growing demand for the convertible feature in utility vehicles is notably driving the automotive convertible roof system market growth, although factors such as the high cost associated with automotive convertible roof systems may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Key Automotive Convertible Roof System Market Driver
Key Automotive Convertible Roof System Market Challenge
This automotive convertible roof system market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Our In-house experts produce extensive information on the value chain and parent market of the automotive convertible roof system market, which vendors can leverage to gain a competitive advantage during the forecast period. The Value Chain information provides an end-to-end understanding of product insight and profit and also optimization and evaluation of business strategies. The players across the value chain include selective data and analysis from entire research findings as per the scope of the report.
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33% of the market’s growth will originate from Europe during the forecast period. Germany, UK and France are the key markets for automotive convertible roof systems in Europe. Market growth in this region will be slower than the growth of the market in other regions. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
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The automotive convertible roof system market share growth by the soft top segment will be significant during the forecast period. A soft-top convertible roof system is a roof system made of fabrics. It is a cost-effective yet convenient option available for an open-air experience in a vehicle. Soft tops give a wider field of vision compared with hard tops. Additionally, a soft-top convertible system reduces the weight of the vehicle significantly compared with a hard-top convertible system. A soft-top convertible system also increases storage space as it takes less space in the trunk. Hence, soft tops are highly preferred by automotive OEMs and individual customers.
This report provides an accurate prediction of the contribution of all the segments to the growth of the automotive convertible roof system market size and actionable market insights on the post-COVID-19 impact on each segment.
Automotive Convertible Roof System Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.89% |
Market growth 2021-2025 |
USD 508.85 million |
Market structure |
Fragmented |
YoY growth (%) |
4.76 |
Regional analysis |
Europe, North America, APAC, South America, and MEA |
Performing market contribution |
Europe at 33% |
Key countries |
Germany, US, UK, China, and France |
Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
Key companies profiled |
Aisin Seiki Co. Ltd., CIE Automotive SA, Continental AG, GAHH LLC, HOERBIGER Holding AG, Magna International Inc., Pininfarina Spa, Standex International Corp., Valmet Automotive Inc., and Webasto SE |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Type
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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