Convertible Roof System Market - Global Industry Analysis, Size, Share, Growth, Trends, And Forecast 2018 - 2026

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Vehicles with convertible roof systems can run with or without a roof in place. The techniques of retracting the roof vary between models. A convertible allows an open-air driving experience, with the ability to provide a roof when required.

Consumers prefer the classic and sporty look design of vehicles. Convertibles possess such features. Head room is another beneficial factor of the 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. Most convertibles can easily be transformed back into a coupe or sedan with the push of a button, making it versatile. These factors are driving the convertible roof system market for automotive. Price and structural strength of the convertibles are key restraints of the convertible roof system market for automotive.

The convertible roof system market for automotive can be segmented based on vehicle class, rooftop, vehicle body, material, electric vehicle type, and geography.

Based on vehicle type, the convertible roof system market for automotive can be classified only into passenger vehicles. The passenger vehicle segment can be further sub-segmented into luxury, premium, and semi luxury. Consumers are increasing preferring luxury cars owing to their efficiency and advanced technology.

In terms of rooftop, the convertible roof system market for automotive can be segregated into hard rooftop and one more segment. Hard rooftop is not such hard as steel.

Based on vehicle body, the convertible roof system market for automotive can be segmented into sedan, and two other segments. Sedan convertible cars are highly preferable as luxury car segment.

In terms of material used to manufacture, the convertible roof system market for automotive can be segregated into carbon fiber and two more segments. Carbon fiber is effectively used, as it lends flexibility and hardness to the rooftops of vehicles.

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In terms of electric vehicle type, the convertible roof system market for automotive can be segregated into electric vehicle and hybrid electric vehicles (HEVs). In an electric vehicle, power electronics takes direct current (DC) from the battery and converts it to alternating current (AC) and sends it to the motor. The electric motor utilizes the AC to create torque (mechanical power) to propel the wheels. HEVs employ two electrical machines; one is a generator connected to the engine and the other is a motor to drive the wheels. Each of these machines are connected to an inverter, and the two inverters run at a higher voltage than the battery.

In terms of geography, the convertible roof system market for automotive can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe accounts for a major share of the global convertible roof system market for automotive, due to the high rate of adoption and the weather conditions leading to an increased production of vehicles with convertible roof systems, especially in Germany and the U.K.
Key players operating in the convertible roof system market for automotive include Valmet Automotive, Aisin Seiki, Webasto, and Magna International.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis

The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market

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