Automotive Roof System Market

Automotive Roof System Market Likely to Surpass US$ 37 Bn by 2026
Transparency Market Research has published a new report titled, “Global Automotive Roof
System Market (Type: Panorama Roof System, Sunroof System, Multi-optional Roof System,
Solar Roof System, Convertible Roof System, and Plain Roof System; Passenger Vehicle Type:
Hatchback, Sedan, Utility Vehicle, Material: Aluminum, Steel, Polycarbonate, and Others,
Sales Channel: OEMs and Aftermarket ) – Global Industry Analysis, Size, Share, Growth,
Trends, and Forecast 2018 – 2026.” According to the report, the global automotive roof
system market is projected to surpass US$ 37 Bn by 2026, expanding at a CAGR of above 5%
during the forecast period.
According to the report, the global automotive roof system market is likely to be driven by a
range of macroeconomic and industry-specific factors. Asia Pacific is expected to be at the
forefront of global demand, with the market in the region expanding at a CAGR of more than
5% between 2018 and 2026.
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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.
Prominent 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.

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