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
Northbrook, IL — (SBWIRE) — 09/27/2018 — "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 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.
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"
Early buyers will receive 10% customization on reports.
The SUV segment is estimated to grow at the fastest pace.
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.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownload.asp?id=261223604
Increasing demand for premium vehicles and comfort features would drive the convertible roof system market in Europe.
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 the 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.
Request for Sample Pages @ https://www.marketsandmarkets.com/requestsample.asp?id=261223604
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).
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 5000 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, "RT" 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.
For more information on this press release visit: http://www.sbwire.com/press-releases/increase-in-demand-for-premium-vehicles-and-comfort-features-is-anticipated-to-fuel-the-growth-of-convertible-roof-system-market-by-2025-marketsandmarkets-1054051.htm
Media Relations Contact
Mr. Shelly Singh
Email: Click to Email Mr. Shelly Singh