The global automotive roof systems market is anticipated to grow at a CAGR of 7.5% during the forecast period (2022-2028). The automotive roof system facilitates the flow of fresh air and sunlight in the car without disturbing the aerodynamics of the vehicle. The growing demand for premium vehicles is driving the growth of the market. Roof systems are made up of glass-plastic composite and fiber-plastic composite which are used in cars for lightweight construction and to control fuel consumption of the vehicle. Additionally, the increasing demand for solar sunroofs in electric vehicles globally are boosting the growth of the market. In July 2021, Webasto Group announced the new BMW 4 Series features a convertible roof from Webasto. The roof can be opened within 18 seconds while driving at the touch of a button. However, high maintenance costs and incidents of crushing and shattering of sunroofs may restrain the growth of the market.
Some major players in the market include Webasto Group, Magna International Inc., and Covestro AG, among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships, new product launches, and collaborations, to stay competitive in the market. For instance, in November 2020, Valmet Automotive announced the sale of its engineering services business Mutares SE & Co. KGaA, in order to focus on the roof and kinematic systems as well as on manufacturing engineering vehicle products. Additionally, in December 2020, Webasto Group developed the new, custom-made two-part retractable hard top (RHT) for the re-imagined Stingray, with a total of six electric motors fitted in the roof in place of a hydraulic system.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Sales Channel
- By Vehicle Type
- By Roof Type
- By Material
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Webasto Group, Magna International Inc., and Covestro AG, among others.
A full report Global Automotive Roof Systems Marketof is available at: https://orionmarketreports.com/global-automotive-roof-systems-market-2/101224/
Global Automotive Roof Systems Market Report by Segment
By Type
- Sunroof System
- Panorama Roof System
- Multi-Optional Roof System
- Solar Roof System
- Others
By Sales Channel
- Original Equipment Manufacturer (OEM)
- Aftermarket
By Vehicle Type
- Passenger Vehicles
- Light Commercial Vehicles
- Heavy Commercial Vehicles
By Roof Type
- Hard-Top Roof System
- Soft-Top Roof System
By Material
- Aluminum
- Steel
- Polycarbonate
- Glass-Plastic Composite
- Fiber-Plastic Composite
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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