Free Press Release
Create Free Account! Members Login
Art & Entertainment Automotive Blogging & Social Media Business Computer Design Education Environment Events / Trade Shows Games & Entertainment Government Health and Fitness Home & Family Industry Legal / Law Lifestyle News & Society Politics Religion Sports Technology Web sites / Internet

Press Release / Automotive / Convertible Roof System Market worth 2.11 Billion USD by 2025

Convertible Roof System Market worth 2.11 Billion USD by 2025

By madhuburute on July 18 2018 | 94 Views

The convertible roof system market is projected to grow at a CAGR of 6.77%, during the forecast period, and is projected to reach USD 2.11 Billion by 2025 from USD 1.33 Billion in 2018.

The report "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" The convertible roof system market is projected to grow at a CAGR of 6.77%, from 2018 to 2025, to reach a market size of USD 2.11 Billion by 2025 from 1.33 Billion in 2018. The major factors driving the growth of the convertible roof system market are the growing demand for premium vehicles and innovations in materials.

Browse 78 market data Tables and 45 Figures spread through 138 Pages and in-depth TOC on "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"
https://www.marketsandmarkets.com/Market-Reports/convertible-roof-system-market-261223604.html
Early buyers will receive 10% customization on reports.

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. The core of the material consists of paper honeycombs which are covered by a mixture of PU and reinforcing fibers. Its further advantages are its excellent 3-D moldability and good acoustic and heat-insulating properties. It also weighs 50% less than steel and, thus, increases the fuel efficiency of vehicles.

Download PDF Brochure:- https://www.marketsandmarkets.com/pdfdownload.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. For example, in the US, the Audi A5 model has 8 variants but convertible roof systems are offered in only 3 variants.

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.

The report profiles all the major players in the convertible roof system market including Webasto (US), Magna International (Canada), Valmet Automotive (Finland), and Aisin Seiki (Japan). The report also covers a comprehensive study of the key vendors operating in the convertible roof system market. These vendors have been evaluated by considering various factors such as product developments, R&D expenditure, business strategies, and product revenues.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: +1-888-600-6441

Email: sales@marketsandmarkets.com
Connect with us on LinkedIn: http://www.linkedin.com/company/marketsandmarkets



Latest Exclusive Press Release
IT Operation Analytics Market 2018 Global Growth, Trends, Segments, Emerging Technologies and Size by Forecast to 2023
Little Spoon Announces Referral Program for Organic Baby Food Delivery
Data Center Power Market Research Report by Forecast to 2023
Mobile and Handheld Gaming Market Overview, SWOT Analysis, Trends and Forecast 2018-2025
Smart Irrigation Controllers Market Analysis and Forecast from 2018 to 2026 in Terms of Value and Volume
Popular Press Release
Zeng Fanzhi Parcours Exhibition 2016 in Beijing
Home Ministry’s Population Register Worse than Prisoner Identification
Feel-planet.com Has Made It Possible to Discover the Wonders of the World Online
First Time Home Buyers Tax Credits STILL Available For Troops!
Best Web Hosting Service in India


Art & Entertainment Automotive Blogging & Social Media Business
Computer Design Education Environment
Events / Trade Shows Games & Entertainment Government Health and Fitness
Home & Family Industry Legal / Law Lifestyle
News & Society Politics Religion Sports
Technology Web sites / Internet