The global convertible roof system market is anticipated to grow at a considerable CAGR of 3.9% during the forecast period (2022-2028). The convertible roof top vehicle has been driven by the consistent development in the technologies and the new vehicle launches in the market. This constant participation of the market players has been making the market more and more competitive. In recent years, market players have offered several vehicles in the market which have been boosting the popularity of the convertible roof system in the vehicles. Among these vehicles, the top five vehicles are-
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The COVID-19 pandemic had impacted most industries owing to the contagiousness of the virus. This led most of the governments to implement the nationwide lockdown to spread the virus. This restricted most of the industries’ productions including convertible roof systems. For instance, as per the 2020 annual report of the Webasto SE, sales of the company reduced to $3,734.4 million which was $4,187 million in 2019. But as the situation became normal the company’s sales grew exponentially. As per the company’s report in May 2021, the first quarter of 2021 was the strongest in comparison to the previous five years’ sales.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Global Convertible Roof System Market Report Segment
By Roof Top Type
- Hard Top
- Soft Top
By Roof Material
- Polyvinyl Chloride (PVC)
- Carbon Fiber
- Aluminum
By Vehicle Type
- Hatchback
- Sedan
- Sports Utility Vehicle (SUV)
Global Convertible Roof System Market Report Segment by Region
North America
- US
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global convertible roof system market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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