Transportation News and Press release service

Home > Transportation News
  • Aerospace News
  • Air Services News
  • Airlines News
  • Auto Dealership
  • Auto Manufacturers
  • Auto Parts News
  • Railroad News
  • Shipping News

    Watch Transportation News Video

  • Automotive Convertible Roof System Market: Innovation, Demand and Opportunities

    (, March 21, 2020 ) The Convertible Roof System Market is projected to grow at a CAGR of 6.77%, from 2018 to 2025, to reach a market size of $2.11 Billion by 2025 from $1.33 Billion in 2018. The major factors driving the growth of the convertible roof system market are the growing demand for premium vehicles and innovations in materials.

    The convertible roof system market ecosystem consists of manufacturers such as Webasto (US), Magna International (Canada), and Valmet Automotive (Finland). Convertible roof systems are supplied to major OEMs in the automotive industry, including Toyota (Japan), General Motors (US), and Honda (Japan).

    Download PDF Brochure @

    Hardtop-A high growth market

    The global convertible roof system market, by rooftop type, is expected to be dominated by the soft top segment. Soft tops are mostly preferred by consumers since they offer all-round visibility and maximum ventilation. The hardtop segment is projected to grow at the highest CAGR, during the forecast period, as these systems provide increased structural rigidity over soft tops. Convertible roof system manufacturers have also started working on material technology to reduce fuel consumption and carbon emissions by vehicles. The lightweight technology from Webasto features polyurethane (PU) composite material. The core of the material consists of paper honeycombs which are covered by a mixture of PU and reinforcing fibers. Its further advantages are its excellent 3-D moldability and good acoustic and heat-insulating properties. It also weighs 50% less than steel and, thus, increases the fuel efficiency of vehicles.

    Sedan/Hatchback-Promising segments for convertible roof system manufacturers

    Sedan and hatchback cars have been grouped together in this study of the convertible roof system market. This body style segment is the most promising market for convertible roof systems as it is the largest segment of the automotive industry and convertibles roofs are mostly used in these vehicles to provide a stylish look. Automakers provide convertible roof systems in 1 or 2 variants of models based on which the price of the vehicle increases or decreases. For example, in the US, the Audi A5 model has 8 variants but convertible roof systems are offered in only 3 variants.

    Request FREE Sample Report @

    Europe: Largest market for convertible roof systems

    Europe is estimated to account for the largest share, by value and volume, of the convertible roof system market in 2018. In terms of growth, the market in the Asia Pacific is projected to grow at the highest CAGR during the forecast period. Developing economies such as China and India are expected to play a major role in the increase in vehicle production. Also, the increasing installation of convertible roof systems in vehicles such as sedans/hatchbacks and SUVs driving the market in the Asia Pacific.

    Target Audience:

    Convertible roof system suppliers
    Raw material suppliers
    Automotive OEMs
    Distributors and suppliers of convertible roof systems
    Industry associations and experts


    Mr. Sanjay Gupta


    Source: EmailWire.Com


    Transportation Resources

    For unlimited press release distribution for $99 per month, call (281) 645-4086 or start posting your press releases online at
    Copyright 2007 GroupWeb Media LLC
    GroupWeb Media Network

    Aviation-NewsWire | ArtNewsWire | Auction NewsWire | CRM NewsWire | ePhotoNewsWire | Energy Industry | EstateNewsWire | | Food Beverage News | Glamour NewsWire | Health NewsWire | Hosting NewsWire | i-Auto NewsWire | i-Business News | i-Homeland Security.Com | iMac-NewsWire.Com | i-Press-Release-Service | | iT-NewsWire.Com
    | i-TravelNewsWire.Com | MoneyNewsWire.Net | Movie-Stars-News.Com | MSNewsWire.Net | PharmaNewsWire.Com | Publishing-NewsWire.Com | RSSNewsWire.Net | Telecom-NewsWire.Net | Transportation-News.Com | USGovernment-News.Com | WebPosters.Net | Wireless-NewsWire.Com | VoIPNewsWire.Net | XSportsWorld.Net - Newswire and Press Release service of GroupWeb Media LLC