According to Vision Research Reports, the global automotive roof system market size is projected to reach of around US$ 37 Bn by 2027, expanding at a CAGR of above 5.3% during the forecast period 2020 to 2027.
Companies such as Webasto Group and Inalfa Roof Systems Group, provide innovative roof systems that offer versatile additional features and have a classic appearance. Automotive manufacturers are also constantly developing their roof systems by providing multiple options for consumers. Wide acceptance of convertible roofs and panoramic roof systems by consumers, owing to the comfort offered while driving coupled with extra space, and more air and light, is expected to boost the automotive roof system market during the forecast period. Demand for both hybrid and electric vehicles has been rising across the globe. The major reason is attributed to stringent carbon emission norms being imposed by regulatory authorities worldwide and increasing safety concerns among consumers. The advent of hybrid vehicles is anticipated to offer significant opportunity to solar sunroof manufacturers, as a solar sunroof is highly effective for hybrid vehicles. Various research and development activities are being carried out by leading manufacturers in order to increase production of electric vehicles, which in turn is likely to increase implementation of solar sunroofs considerably in the near future. For example, Toyota has plans to make a solar roof available for the next generation Prius, which is an electrical vehicle. Globally, vehicle production has been increasing for the last five years, due to the increasing usage and demand for passenger vehicle types, thereby driving the global automotive roof system market.
In terms of type, the global automotive roof system market has been divided into panorama roof system, sunroof system, multi-optional roof system, solar roof system, convertible roof system and plain roof system. Rise in demand for high-end luxury vehicles across the globe, due to increased demand for more comfortable and esthetically appealing vehicles, is expected to drive the convertible roof system segment of the market. Presently, consumers expect an increasingly high level of comfort in their cars, which is likely to boost the market for convertible vehicles in the region.
Based on material, the automotive roof system market has been divided into aluminum, steel, polycarbonate, and other. The body of the vehicle, primarily roof panels, is manufactured from aluminum, which reduces the weight and provides desired properties. The aluminum segment is anticipated to expand, in terms of revenue and volume, as an increasing number of automakers are adopting aluminum alloy roof panels due to their high crash worthiness and weight benefits.
In terms of passenger vehicle type, the automotive roof system market has been classified into hatchback, sedan, and utility vehicle. The utility vehicle segment is anticipated to hold a major share of the market during the forecast period. The utility vehicle segment includes SUVs, crossovers, and MPVs. Demand for utility vehicles is rising across the globe owing to their advantages such as driving comfort and drivability on off-road conditions.
In terms of region, the global automotive roof system market has been segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific is likely to dominate the automotive roof system market during the forecast period owing to increased demand for luxury vehicles, raised preference for electronically advanced vehicles, and increased adoption of advanced safety technologies and vehicle enrichment accessories.
Key companies present in the global automotive roof system market are anticipated to gain benefit from new product development with other global players involved in the development of roof system. Major players operating in the global automotive roof system market include AAS Automotive s.r.o., AISIN SEIKI Co., Ltd., ALUPROF Aluminiumprofile GmbH., BOS Group, CIE Automotive, Covestro AG, GAHH, LLC, Inalfa Roof Systems Group B.V., Inteva Products, JAC Products., Magna International Inc., THE HAARTZ CORPORATION, Valmet Automotive, and Webasto.
Segmentation
The global automotive roof system market has been segmented as follows:
Overview
This report analyzes and forecasts the market for automotive roof system at the global and regional level. The market has been forecast based on value (US$ Mn) and volume (million units) from 2018 to 2026. The study includes drivers and restraints of the global automotive roof system market. It also covers the impact of these drivers and restraints on the demand for automotive roof system during the forecast period. The report also highlights opportunities in the automotive roof system market at the global and regional level.
The report comprises a detailed price trend analysis, government regulatory scenarios, value chain analysis, which provides a comprehensive view of the global automotive roof system market. The Porter’s Five Forces model for the automotive roof system market has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein end-users are benchmarked based on their market size, growth rate, and general attractiveness.
The study provides a decisive view of the global automotive roof system market, by segmenting it in terms of material, type, passenger vehicle type, sales channel, and region. These segments have been analyzed based on present and future trends. Regional segmentation includes the current and forecast demand for automotive roof system in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report also covers demand for individual type segments in all the regions.
The study includes company profiles of major players operating in the global market. Key players in the automotive roof system market include AAS Automotive s.r.o., AISIN SEIKI Co., Ltd., ALUPROF Aluminiumprofile GmbH., BOS Group, CIE Automotive, Covestro AG, GAHH, LLC, Inalfa Roof Systems Group B.V., Inteva Products, JAC Products., Magna International Inc., THE HAARTZ CORPORATION, Valmet Automotive, and Webasto. Market players have been profiled in terms of attributes such as competitive landscape, manufacturing footprint, company overview, financial overview, business strategies, and recent developments. The market for automotive roof system is primarily driven by the rise in demand for eco-friendly vehicles.
The report provides the estimated market size of automotive roof system for 2017 and forecast for the next nine years. The global market size of automotive roof system has been provided in terms of revenue and volume. Market numbers have been estimated based on key type, material, passenger vehicle type, sales channel, and regional segments of the automotive roof system market. Market size and forecast for each major type and vehicle have been provided in terms of global and regional/country markets.
In order to compile the research report, we conducted in-depth interviews and discussions with a number of key industry participants and opinion leaders. Primary research represents the bulk of research efforts, supplemented by extensive secondary research. We reviewed key players’ product literature, revenue share for particular business segment, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research also includes a search of recent trade, technical writing, internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise market data, capturing industry participants’ insights, and recognizing business opportunities.
Secondary research sources that are typically referred to include, but are not limited to, company websites, annual reports, financial reports, broker reports, investor presentations, and SEC filings, internal and external proprietary databases, and relevant patent and regulatory databases, national government documents, statistical databases, and market reports, news articles, press releases, and webcasts specific to companies operating in the market, National government documents, statistical databases, and market reports, American Automobile Association, European Automobile Manufacturers Association, Automotive Research Association of India, Organization International des Constructeurs d ‘Automobile (OICA), Factiva, etc.
Primary research involves e-mail interactions, telephonic interviews, and face-to-face interviews for each market, category, segment, and sub-segment across geographies. We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate the data and analysis. Primary interviews provide firsthand information on market size, market trends, growth trends, competitive landscape, and outlook, etc. These help validate and strengthen secondary research findings. These also help develop the analysis team’s expertise and market understanding.
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Cross-segment Market Size and Analysis for
Mentioned Segments
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Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers