Global Automotive Retractable Roof Top (ARRT) Market 2017-2021

Overview of the global automotive retractable roof top (ARRT) market

Technavio’s market research report predicts that the global automotive retractable roof top (ARRT) market will grow at a CAGR of nearly 10% during the forecast period. The rising popularity of ARRTs has increased product range of vehicles with retractable roof-tops. The availability of dynamic and flexible roof designs has led to the growth in the visual appeal of   vehicles in the industry. The diminishing production costs with improvements in technology and growing reliability have resulted in rising market penetration of retractable rooftops. Moreover, the development of new technologies in the market has lowered the cost of retractable rooftops making it affordable for the consumers. The utilization of improved and better materials in the manufacture of rooftops has increased the dependability and durability of the system with instilling better confidence among the consumers.  Furthermore, the growing number of system and components suppliers in the market has made it feasible for automobile manufacturers to negotiate resulting in cost-effective offerings of a retractable roof top in the automotive market, in turn, propeling the growth of the ARRT market.

One of the latest trends that will gain traction in the global ARRT market is the integration of composite materials to increase the system operability at higher speeds. Additional functionalities and improvements have led to operability at higher speeds with better capabilities. The utilization of advanced materials has led to larger investments in research and technical development of ARRT. The current convertible roof top, particularly the ones on high-performance sports cars are made of advanced composite materials that can be operated at speeds up to 30 mph. However, the retractable rooftop designers and manufacturers use sturdy materials to increase the system abilities at higher speeds and improve the overall vehicle dynamics.

Competitive analysis and key vendors

The global ARRT market comprises of recognized players who are either system integrators, subsystem manufacturers, or assemblers of rooftop components. The market competition is predicted to grow with the increasing demand for high-performance vehicles with a focus on comfort, luxury, and the aesthetic appeal of the car. To improve their revenue shares, vendors are concentrating on developing and adopting technologies that will help widen the functionality and capabilities of the vehicle.

Key players in the market are:

• Webasto
• Magna International
• Inalfa Roof Systems
• Pininfarina

Other prominent vendors are Robbins Auto Top and Valmet Automotive.

Segmentation by roof type and analysis of the ARRT market

• Hard top
• Soft top

During 2016, the soft top roof type segment dominated the ARRT market and is expected to continue its dominion over the next four years. Factors such as the reduction in overall body weight, easier operating mechanism, and lesser cost of development and production will drive the segment’s growth in the next few years.

Geographical segmentation and analysis of the ARRT market

• Americas
• APAC
• EMEA

In terms of geography, the Americas led the ARRT market during 2016 and is foreseen to continue the lead during the forecast period as well. The increased sales of sports and super sports cars in the countries such as the US will propel the growth of the retractable rooftop market in this region.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global automotive retractable roof top market?
• What are the key market trends impacting the growth of the global automotive retractable roof top market?
• What are the challenges to market growth?
• Who are the key vendors in the global automotive retractable roof top market?
• What are the market opportunities and threats faced by the vendors in the global automotive retractable roof top market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global automotive retractable roof top market?

Technavio also offers customization on reports based on specific client requirement.