Market Research Report
Convertible Roof System - Global Market Outlook (2017-2026)
|Published by||Stratistics Market Research Consulting||Product code||804305|
|Published||Content info||168 Pages
Delivery time: 2-3 business days
|Convertible Roof System - Global Market Outlook (2017-2026)|
|Published: February 1, 2019||Content info: 168 Pages||
According to Stratistics MRC, the Global Convertible Roof System Market is accounted for $1.14 billion in 2017 and is expected to reach $2.28 billion by 2026 growing at a CAGR of 8.0% during the forecast period. Factors such as rising demand for premium vehicles, advancement in material technology and growth in the population of young generation are some of the factors fueling the market growth. However, the high cost of regular maintenance is restraining the market.
A convertible roof system is used in luxury and semi-luxury vehicle, which can be controlled with or without a roof in the vehicle. The system of elimination and storing the roof vary from vehicle to vehicle. This system allows an open-air driving experience with the capability to offer a roof when necessary.
Based on Vehicle Class Type, Luxury Vehicles has witnessed the significant growth during the forecast period due to the present demand for luxury cars are high in emerging countries and moreover, Germany is a hub for technological innovations. Depending on geography, Asia Pacific holds the largest market share during the forecast period due to developing emerging countries are expected to play a major role in the rise in vehicle production.
Some of the key players profiled in the Convertible Roof System Market include Magna International, Continental, Asiin Seiki, Pininfarina, Hoerbiger Holding, Standex International, Haartz, Gahh Automotive, Valmet Automotive, Webasto Group, and U-Shin Ltd.
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Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances