Global Convertible Roof System Market was valued US$ 1.10 Bn in 2019 and is expected to reach 1.90Bn by 2027, at a CAGR of 7.07 % during a forecast period.

The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.

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Global Convertible Roof System Market Dynamics:

Increased Consumers are influenced by advances in sensor technology and ongoing innovations in material technology are expected to drive global convertible roof system market. Additionally, growing consumer preference for automotive convertible roof system in developing nations across the globe is projected to boost the demand for convertible roof system in the global convertible roof system market.

The luxury vehicles segment is projected to grow at the XX% rate of CAGR in the Global convertible roof system market during the forecast period. In current years, the demand for luxury cars is high in countries like Germany, Italy, the UK, Spain, and France. Additionally, Germany is a hub for technical innovations, which is projected to lead to the substantial growth of the luxury vehicles market. The constant advancement in automotive technologies owing to heavy investment in research and development by auto key players across the globe is driving the growth in the global convertible roof system market.

Sport Utility Vehicle (SUV) segment is expected to dominate the global convertible roof system market. Increasing popularity of sports utility vehicles in the United States region are expected to increase demand for sport vehicle. Numerous factors have contributed to the growth of sport vehicle. Commonly sports utility vehicle is professed to compromise a broad range of capabilities like power, performance, cargo room, better sightlines, functionality, luxury and safety. Increasing disposable incomes, earning power of the younger generation and shifting needs of the young are expected to increase demand for sports utility vehicles during the forecast period.

Europe is projected to lead the global convertible roof system market owing to trend of integrating additional features for improving comfort and driving experience in the automotive sector. Growing premium vehicle sales in this region is also expected to drive the convertible roof system market. Additionally, the region is a hub for automotive titans and premium vehicles. Presence of the major automobile key players like Volkswagen, BMW, Audi, and Daimler are expected to boost the growth in the convertible roof system market.

Some of the prominent key players in the convertible roof system market are focusing on increasing their product portfolios associated to convertible roofs to attain continuous and supportable growth in the global convertible roof system market. Additionally, numerous keys are manufacturing retractable hardtop systems, which offer beautiful styling, quietness in the vehicle, and comfortable head-room when the top is closed. For instance, in 2017, We basto launched an innovative top for the Audi A5 Cabriolet, which combines sophisticated technology and state-of-the-art materials with emotional design.

The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding dynamics, structure by analysing the market segments by material type, roof top type, vehicle class type, body style type, electric vehicle type, propulsion type and region and, project the global convertible roof system market. The report also provides a clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global convertible roof system market. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders in arranging the efforts and investment in the near future to a particular market segment.
Global Convertible Roof System Market, Key Highlights:

• Global Convertible Roof System Market analysis and forecast, in terms of value.

• Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Convertible Roof System Market

• Global Convertible Roof System Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.

• Global Convertible Roof System Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.

• Global Convertible Roof System Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.

• Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.

• Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Convertible Roof System Market are also profiled.

The report has considered the base year of 2019 and past four years trend. 2020 figures are at actuals, however due to different dynamics of year 2020, market forecast is not only dependent upon 2020, but on the basis of 2016-2020.

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The Scope of the Report for Global Convertible Roof System Market: Inquire before buying

Global Convertible Roof System Market,By Material Type

• PVC
• Carbon Fibre
• Others
Global Convertible Roof System Market,By Roof Top Type

• Hardtop
• Softtop
Global Convertible Roof System Market,By Vehicle Class Type

• Luxury Vehicles
• Semi-Luxury Vehicles
Global Convertible Roof System Market,By Body Style Type

• Sedan/Hatchback
• Sport Utility Vehicle (SUV)
• Others
Global Convertible Roof System Market,By Electric Vehicle Type

• Battery Electric Vehicle (BEV)
• Fuel Cell Electric Vehicle (FCEV)
• Hybrid Electric Vehicle (HEV)
• Plug-In Hybrid Vehicle (PHEV)
Global Convertible Roof System Market,By Propulsion Type

• Internal Combustion Engine (ICE)
• Electric Vehicle (EV)
Global Convertible Roof System Market,By Geography

• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Global Convertible Roof System Market, Key player

• Magna International
• Valmet Automotive
• Asiin Seiki
• Webasto
• Continental AG
• Pininfarina
• Standex International
• Hoerbiger
• Haartz
• Gahh Automotive
• Kee Auto Top Manufacturing Co.
• U-Shin Ltd.
• Motherson
• AISIN SEIKI Co., Ltd.
• BOS Group
• Inveta Products
• Robbins Auto Top, LLC
• Inalfa Roof Systems Group B.V.

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