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.
(Get 15% Discount on Buying this Report)
Get Sample Copy of automotive roof systems market at:
https://orionmarketreports.com/request-sample/?id=99853&submit=Request+Sample%0D%0A
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.
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
A full report of automotive roof systems market is available at:
https://orionmarketreports.com/global-automotive-roof-systems-market/99853/
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
About Us:
Orion Market Reports (OMR) endeavors to provide exclusive blend of qualitative and quantitative market research reports to clients across the globe. Our organization helps both multinational and domestic enterprises to bolster their business by providing in-depth market insights and most reliable future market trends. Our reports address all the major aspects of the markets providing insights and market outlook to global clients.
Media Contact:
Company Name: Orion Market Reports
Contact Person: Mr. Anurag Tiwari
Email: info@orionmarketreports.com
Contact no: +91 780-304-0404
