Press release
Automotive Roof System Global Market Demand Status, Competitive Landscape, Top Growing Regions, Segmentations, and Leading Key Opportunity Forecast To 2033
Automotive Roof System Global Market
The automotive roof system market size is expected to see strong growth in the next few years. It will grow to $45.6 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%. The growth in the forecast period can be attributed to sustainability and lightweight design, increased adoption of electric vehicles, urbanization and parking challenges, customization and personalization trends, advanced safety standards. Major trends in the forecast period include integration of smart roof technologies, lightweight materials for improved efficiency, rise of convertible and retractable roof designs, increased adoption of solar roof technology, focus on aerodynamics and design.
Market Overview -
An automotive roof system refers to the structure or mechanism that covers the top of a vehicle, protecting its occupants from external elements such as rain, sun, wind, and debris.
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Surge In Passenger Car Sales Propels Automotive Roof System Market
The increasing passenger car sales are expected to propel the growth of the automotive roof system market going forward. Passenger vehicles are motor vehicles that are used for the transport of passengers for commercial purposes. The automotive roof system provides effective ventilation, and enhanced driving experience for the rider in passenger vehicles, as a result, increasing sales of passenger cars increases the demand for the automotive sunroof system market. For instance, in January 2023, according to Eurostat, a Europe-based government agency, the number of electric passenger cars increased by 75% in 2021 with 2 million vehicles. Therefore, the increasing passenger car sales drives the automotive roof system market.
Competitive Landscape -
Major companies operating in the automotive roof system market report are Webasto SE, Magna International Inc., Valmet Automotive Inc., Inteva Products LLC, Covestro AG, Inalfa Roof Systems Group B.V., AAS Automotive Ltd., Aisin Corporation, ALUPROF S.A., Robert Bosch GmbH, The Haartz Corporation, JAC Products, CIE Automotive, U-Shin Ltd., Continental AG, Saint-Gobain Sekurit, GAHH LLC., CTS Automotive Products, Yachiyo Industry Co. Ltd., Minda KTSN Plastic Solutions GmbH & Co. KG, Mobitech Industries LLP, ACS Industries Inc., Kinugawa Rubber Industrial Co. Ltd., Roth North America, Eagle Ottawa LLC, RIMO GmbH, lkeda Manufacturing Co. Ltd., Tata Sons Private Limited, BOS Group, Carcoustics International GmbH, Hoerbiger Holding AG .
Technological Advancements Transforming The Automotive Roof Systems Market
Technological advancements are a key trend gaining popularity in the automotive roof systems market. Major companies operating in automotive roof systems are introducing innovative roof systems to sustain their position in the market. For instance, in February 2022, Front Runner Outfitters, a US-based company operating in automotive roof systems, launched a new slim sport roof rack system. This low-profile roof rack system is designed for activity-focused drivers, even customizing is available, allowing integration of most of Front Runner's top-mounted rack accessories.
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Key Segments -
The automotive roof system market covered in this report is segmented -
1) By Type: Sunroof System, Panorama Roof System, Multi-Optional Roof System, Solar Roof System, Light Weight Roof System, Inbuilt Roof System, Other Types
2) By Material: Aluminium, Steel, Polycarbonate, Glass-Plastic Composite, Fiber-Plastic Composite
3) By Vehicle Type: Passenger Vehicles, Light Commercial Vehicles, Heavy Commercial Vehicles
4) By Sales Channel: Original Equipment Manufacturer (OEM), Aftermarket
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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