DUBLIN--(BUSINESS WIRE)--The "Convertible Roof System Market by Rooftop (Hardtop, Soft Top), Vehicle Class (Luxury, Semi-Luxury), Body (Sedan, SUV, Roadster), EV, Material (PVC, Carbon Fiber, Aluminum), Propulsion (ICE, EV), and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The global convertible roof system market is projected to grow at a CAGR of 6.77%, from 2018 to 2025, to reach USD 2.11 billion by 2025 from USD 1.33 billion in 2018.
The major factors driving the growth of the market include advances in material technology and increasing consumer preference for convertible roof systems. On the other hand, difficulty in meeting government fuel efficiency norms and high costs of regular maintenance may pose challenges to the growth of the convertible roof system market. Increasing sales of premium vehicles in developed regions and the growing demand for electric and hybrid vehicles across the globe to fuel the convertible roof system market.
The convertible roof system market for SUVs, by volume, is estimated to grow at the highest rate during the forecast period. The growth of the convertible roof system market can be attributed to the increased production and demand for SUVs across the globe.
Europe is estimated to account for the largest share, by value and volume, of the convertible roof system market in 2018. Also, 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 in the region. Also, the increasing installation of convertible roof systems in vehicles such as SUVs and sedans
hatchbacks would drive the demand for convertible roof systems.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Convertible Roof System Market, By Material Type
7 Convertible Roof System Market, By Roof Top Type
8 Convertible Roof System Market, By Vehicle Class Type
9 Convertible Roof System Market, By Body Style Type
10 Convertible Roof System Market, By Electric Vehicle Type
11 Convertible Roof System Market, By Propulsion Type
12 Convertible Roof System Market, By Region
13 Competitive Landscape
14 Company Profiles
- Magna International (Canada)
- Valmet Automotive (Finland)
- Aisin Seiki (Japan)
- Continental (Germany)
- Pininfarina (Italy)
- Standex International (US)
- Hoerbiger (Switzerland)
- Haartz (US)
- GAHH Automotive (US)
For more information about this report visit https://www.researchandmarkets.com/research/r3t4pz/convertible_roof?w=4